Accounts Receivable
  • Accounts receivable aging schedule
  • Application of payments to outstanding invoices
  • Bad debt reserve
  • Client billing
  • Collections
Accounts Payable
  • Accounts payable aging schedule
  • Enter and code vendor invoices
  • 3-way matching of purchase order, invoice & receipt of goods
  • Route for approval
  • Weekly payment processing
  • Expense reimbursements processing/coding/payment
  • Negotiate vendor pricing
  • Annual form 1099 preparation and filing
  • Prepare/process payroll and payroll tax filings
  • Track and accrue paid time off (vacationĀ and sick leave)
Fixed Assets & Inventory
  • Prepare schedule of assets
  • Tagging, tracking and physical count of assets
  • For tax compliance
  • Annual Property Tax Preparation & Filing
  • Physical count of inventory
  • Setup of inventory tracking
  • Monitoring of inventory levels
Monthly Closing and Reporting
  • Revenue recognition
  • Monthly account, bank, credit card reconciliations
  • Monthly financial statements package
  • Monthly meeting to discuss financial package
Debt & Equity
  • Schedules of principal and interest for debt
  • Schedules of owner’s capital and draw
Financial Planning & Analysis
  • Profitability analysis
  • Cash planning and analysis
  • Business model and budget
  • Product and service pricing analysis
  • Variance analysis
  • Dashboard of key metrics
Process Implementation and Improvement
  • Review of current processes
  • Segregation of duties
  • Shorten financial reporting/close cycle
Taxes & Audits
  • Preparation of sales tax returns
  • Preparing information for and interfacing with tax accountant
  • Preparation of information requested by auditors