The service will ensure accurate tracking of income and expenses using Drake Accounting Software, QuickBooks Online, or QuickBooks Desktop:​

• We will categorize income/expense transactions, reconcile bank and credit card statements, generate reports, and analyze reports​

• Generate & process sales taxes

• Assist with audits

Accurate and timely processing of pay, withholdings, and taxes for W-2 employees and independent contractors:

• Direct deposit payments

• Email pay stubs directly to employees

• ​Payroll tax & withholding payments

• Payroll tax & withholding filings (form 941, form 944, form 940, and other forms per regulatory laws)

• ​Generate and communicate reports per pay period

• Generate year end reports such as W-2s, 1099s, and other reports to comply with the applicable laws and regulations

• Assist with audits

The service will ensure accuracy and efficiency of operations by posting customer invoices and monitoring/posting incoming payments:

• Perform daily financial transactions by verifying, classifying, and posting customer invoices and payments

• ​Prepare bills, invoices, and bank deposits

• ​Reconcile bank deposits to the book record

• Resolve and communicating customer billing discrepancies

• Send billing reminders to clients with open invoices

• Generate A/R reports detailing customer balances and age receivable status

• Assist with audits​

Main focus on entering and processing invoices, ensuring timely payment of liabilities:

• Perform daily financial transactions by entering invoices and categorizing them to the right expense accounts

• Track and pay sales and use tax

• Reconcile statements and payment records

• Ensure that payments are applied to the correct vendor invoices

• Analyze accounts

• Prepare reports

• Assist with audits