Bookkeeping

Our bookkeeping outsourcing is tailored for small and medium sized business. It is also customizable based on your exact requirement.

Bookkeeping services that are performed on a daily or weekly basis

Income related tasks

  • Record payments from your clients
  • Enter bank deposits and classify to appropriate  income categories
  • Enter paypal and other credit card income and  classify
  • Track client under and over payments
  • Create and manage sales/accounts receivable  invoices
  • Track delayed payments and send reminders, if needed

Expense related tasks

  • Record checks that were sent out and enter  proper codes to classify
  • Enter paypal, debit and credit card transactions  to correct expense categories
  • Enter supplier/accounts payable invoices. Route  to appropriate people for approval
  • Set up online bill payments to pay your  suppliers
  • Create reports on how much money you owe your  suppliers
  • Enter payroll information of your staff
  • Track advance payments made to company staff

Reconciliations

  • Check actual amount deposited in the bank  statements for any discrepancies
  • Reconcile credit card transactions
  • Correct any errors and write up adjusting  entries

Other bookkeeping tasks

  • Asset management and reporting
  • Inventory management
  • Sending picklists for warehouse for shipping  products

Reports

  • Income and Expense statement
  • Balance sheet
  • Cash flow
  • Amount that customers owe you
  • Amount that you owe your suppliers
  • General ledger
  • Reconciliation
  • Vendor 1099 reports
  • Other custom reports you need

Software used

  • QuickBooks
  • Different terms and conditions apply for other accounting softwares