Accounting Functions we perform:

Accounting Periods - Closing Processes

• Coordinate and document functions and issues related to period-end closing process.
• Analyze and confirm all balance sheet items tie to external statements and reports.
• Direct the preparation of monthly, quarterly, and year-end financial statements.

Company Assets - Depreciation and Amortization

• Create and maintain fixed asset registers.
• Calculate book-based depreciation.
• Journalize depreciation expense and accumulated depreciation.
• Journalize amortization expense and accumulated amortization.
• Journalize adjusting entries for tax-based depreciation and amortization as required.

Inventory Accounting

• Track inventory in and out
• Maintain inventory ledger balances
• Adjust inventory as needed
• Perform physical inventory (special contract required)

Financial Reports - Full Analysis

• Prepare requested information / analyses for business owners as requested.
• Perform account analyses as requested.

Accounting Duties - Journal Entries

• Establish accounting policies and procedures and document for approval.
• Ensure integrity of financial controls.
• Supervise accounts payable, accounts receivable, and payroll processing
• Produce, review, and approve journal entries.
• Perform routine general ledger account reconciliation.
• Maintain current and accurate balance sheet balances.
• Respond to data requests from tax accountants.
• Respond to and prepare information as requested by auditors.
• Special accounting-related projects as requested.

Business Taxes - Sales, Excise, Business and Occupation

• Maintain knowledge of sales and use taxes.
• Prepare and file state and local sales and use tax returns.
• Maintain and file local and state business licenses.

Payroll - Management

• Supervise and review payroll activities.
• Review payroll journal entries and taxes payable balances in general ledger.
• Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments.
• Manage relationships with garnishment, workers compensation and third-party administrators.
• Process and submit garnishment payments.
• Prepare, file, and produce payment for all Federal, State, and local payroll taxes as necessary.
• Analyze and prepare employee payroll deductions for health, retirement, and others as needed.
• Transfer amounts of payroll deductions to retirement systems, tax authorities, insurance carriers and others as required.
• Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments.
• Produce annual W-2 forms.

Cash Flow Control

• Monitor cash balances.
• Oversee bank and cash reconciliation to general checking account.
• Initiate funds transfers as approved.
• Resolve banking issues.
• Track lines of credit and loan balances.