Accounting Services

Reliable bookkeeping and financial statement preparation

with professional expertise

Bookkeeping

• Recording Financial Transactions: Daily or periodic entry of financial transactions such as sales, purchases, payments, and receipts.

• Maintaining Ledgers: Organizing transactions into appropriate accounts like assets, liabilities, income, and expenses.

• Bank Reconciliation: Ensuring that the records of cash transactions match the bank’s records to identify discrepancies.

Financial Statement Preparation

• Income Statement (Profit & Loss Statement): Shows the company’s revenues, expenses, and profits over a specific period.

• Balance Sheet: A snapshot of the company’s assets, liabilities, and equity at a specific point in time.

• Cash Flow Statement: Details the flow of cash in and out of the business, categorizing operating, investing, and financing activities.

Payroll Services

• Processing Payroll: Calculating employee wages, salaries, bonuses, and overtime.

• Tax Withholding: Ensuring proper deduction of income taxes, social security, and other statutory deductions.

• Paying Employees: Issuing paychecks or initiating electronic payments.

• Payroll Tax Filing: Ensuring compliance with local, state, and federal tax regulations.

Accounts Receivable and Accounts Payable Management

• Managing Receivables: Tracking and managing customer payments, issuing invoices, and following up on overdue payments.

• Managing Payables: Ensuring timely payment of bills, supplier invoices, and other financial obligations.