Bookkeeping Service Continued…

Accounts Payable/Receivable

Accounts payable services can include posting and payment of accounts payable, keeping track of manually paid invoices, calculating monthly totals for manually paid bills, reporting on detailed aged payables and cash requirements as well as handle year end 1099 forms. Your service should make sure all vendor and client payments arrive by due dates and follow all given instructions for payment.

Accounts receivable services can include creating invoices to send to your customers, providing monthly statements, handling collection calls to your customers, posting of monthly totals from your receipts, make bank deposits and prepare monthly bank reconciliations. All billings should be subject to your approval.

Other

Other Bookkeeping Services can include sending your financial statements to your tax preparer, reporting sales tax, handling worker's compensation, keeping a general ledger, reporting inventory sold and inventory purchased, reconciling physical inventory with accounting system inventory and making adjustments if needed, filing payroll taxes and filing sales and use taxes.

You will also have a trusted partner to help implement your bookkeeping and accounting software and provide training to your staff. All software concerns including research, maintenance, implementation and usage can be handled by your Bookkeeping Service.

Outsourcing Bookkeeping Services

Outsourcing your Bookkeeping Services can eliminate the need for an in-house bookkeeper. If your company has more than one location, this can be very useful and save quite a bit of money as each of your business locations will not need an individual bookkeeper on staff. You will also save time and money by eliminating the possibility of employee turnover and the training of each new employee. Ultimately, you will be able to easily maintain consistent and accurate bookkeeping companywide.

Benefits of Bookkeeping Services

For your business to succeed and remain profitable, you must keep accurate business records. Bookkeeping Services should ensure your records are accurate while streamlining efficiency and saving money.

One of the most rewarding benefits you will experience is the time and worry you will save. As you have probably learned, you cannot operate each aspect of your business by yourself, no matter how much you may want to do so. Having someone else handle your bookkeeping will lessen stress and reduce the number of hours you spend at the office. And remember, you are still in control of all aspects of your company's bookkeeping. You will be able to easily keep track of changes and challenges while avoiding late fees and minimizing customer and employee complaints.

By Amy Holder