Accounting Payable

Recording all payable invoices, reviewing invoices, process bill paid checks.

Maintaining and providing monthly payable reports and comparing expenditures to a pre-determined budget.

Maintaining cash receipts journal; reconciling bank and credit card accounts, month end cash balancing and activity reporting.

Payroll Service

Automatic payroll check processing using checks or direct deposit.

Employee can view pay check stubs and W2s and even calculate take-home pay for their next check.

Filing quarterly and year-end payroll taxes with state and federal government.

Account Receiveable

Sales tracking by product or service typer; invoicing customers in timely manner and generating reminder statements.

Recording customer payment and cash receipts; monthly end account reconciliation and reviewing aging reports.

Filing of monthly, quarterly, or annually sales and B&O returns with local and state government agencies.

Financial Statements

Posting monthly journal entries, maintaining depreciation schedules for fixed assets.

Preparing monthly Balance Sheets, Income Statements and Cash Flow Statements.

Posting year-end adjusting and closing entries, preparing annual personal property tax reports; preparing write-up before filing state and federal tax returns.

Local and State Tax

Filing of local and state sales and B&O tax.

Filing of state use tax.

Representation of state tax audit.

Payroll Tax

Submission of after payroll federal tax in a timely manner.

Filing quarterly state and federal tax returns.

Year-end tax filing and preparation and distribution of W-2 and W-3 Forms.

Personal Property Tax

Maintaining business asset list.

Filing of personal property tax return.

Federal Tax

Posting year-end adjusting and closing entries, preparing annual personal property tax reports; preparing write-up before filing state and federal tax returns.

Filing of business and personal state and federal tax returns.

Analyzing Financial Reports

Financial Statement Analysis (FSA) is an excellent tool for business owners and management teams for decision making. The common Financial Statement Analysis methods are horizontal and vertical analysis. Horizontal analysis compares financial information over a period such as past months, quarters, or years. Vertical analysis is to compare each line item on an income staement as a percentage of gross sales.

Accounting Procedure

From daily bookkeeping task to treasury, each business needs a set of accounting policies and procedures to reach the goal to minimize data entry time, reduce errors and prevent fraud. We are experts with experience in this area for many years and we know how to create and enforce the accounting procedures as well as maintaining them to assist the operation of the business.

Internal Control

We help businesses to design internal control systems to prevent accidental loss from fraud; to ensure compliance with governement regulation; to promote efficiency and effectiveness of their business operations in order to achieve their goals and objectives in maximizing profit. Internal control includes mainly two categories: preventative and detective. Preventive internal controls are designs of company policies that restrict certain events from happening. Detective internal controls are designs to detect fraud errors and problems.

Accounting System

We use computerized accounting information systems to store daily financial activities and process them into financial reports to inform decision makers on how well their business is doing. We use QuickBooks Desktop and QuickBooks Online produced by Intuit for Bookkeeping. During the past many years, Intuit has developed Basic, Pro and Enterprise solutions for small to medium-sized businesses. We help different sizes of businesses to choose the best version of software for handling their accounting task.