Services and Pricing

🧾 Bookkeeping Service

And the info needed to understand what services you are getting.

General Ledger Management

1. • This is the core process of recording, organizing, and maintaining all of a company's financial transactions in a central place called the general ledger.

   • It involves sorting transactions into specific accounts, like income, expenses, assets, liabilities, and equity.

   • It is essential for ensuring financial data is accurate and up-to-date, which is crucial for creating reports and tax preparation.

Bank and Credit Card Reconciliation

1. • This is the process of verifying that the transactions and balance in your company's bank/credit card statements match what is recorded in your general ledger (your internal records).

   • The purpose is to catch errors, fraudulent transactions, or internal reporting mistakes to ensure the integrity of your financial records.

   • It supports better cash flow management and improves the accuracy of financial reports.

Transaction Classification

1. • This involves categorizing every financial transaction (both income and expenses) to show where funds are coming from and how they are spent.

   • Proper classification, often using keywords or merchant details, ensures consistency for better reporting, budgeting, and tax compliance.

Managing Accounts Receivable (AR)

1. • Accounts Receivable is the money owed to your business by customers for goods or services delivered.

   • Management involves creating and sending invoices, tracking the payment of those invoices, and following up on any overdue payments.

   • Effective management requires setting clear payment terms and maintaining accurate customer data to ensure timely collection of payments.

Managing Accounts Payable (AP)

1. • Accounts Payable is the money your business owes to vendors and creditors.

   • Management includes processing invoices, gathering necessary approvals, maintaining vendor records, and initiating payments.

   • Effective AP management can strategically stagger payment dates to optimize your company's cash flow and maintain strong vendor relationships.

Processing Payroll

1. • This is the process of compensating employees for their work.

   • It involves calculating gross wages, withholding mandatory deductions (like federal income tax, Social Security, and Medicare), and delivering the final payment.

   • It also includes gathering necessary tax forms (like W-4s and W-9s) and filing payroll taxes, often using payroll software to ensure compliance.

Creating Financial Reports

1. • This involves generating key documents that provide a detailed snapshot of a company's financial health over a period.

   • The core reports are the Income Statement (Profit & Loss), the Balance Sheet, and the Cash Flow Statement.

   • These reports are vital for informed decision-making, attracting investment, and fulfilling regulatory requirements.

Tax Preparation and Filing

1. • This service involves gathering all financial documents, reviewing previous returns, and using tax software to complete and file tax returns for individuals and businesses.

   • Bookkeepers often handle documents like 1099s for non-employees and sales tax filings.

   • The goal is to ensure compliance with state and federal requirements while maximizing tax deductions.

Catch-up Bookkeeping

1. • This is the process of systematically updating and organizing financial records after the business has fallen behind on regular maintenance.

   • It typically involves collecting all past financial documents (statements, receipts), entering all missing transactions, and reconciling the accounts.

   • This service is important for restoring financial clarity, preparing for tax season, and preventing penalties from noncompliance.