Accounting & Payroll

Full service accounting and bookkeeping solution

Accounting/Bookkeeping

Daily general accounting functions including:

  • Daily wire, deposit and merchant services posting
  • Daily Customer Invoice and Billing, Payment/Recurring Payment Processing
  • Daily entry of receipts into General Ledger and creation of any receivable items, maintenance of all GL customer accounts
  • Accounts Payable and Vendor Management
  • Merchant Services – Credit, Debit processing with GL interface
  • Fixed Asset Management and Depreciation Maintenance
  • Daily reconciliation of incoming cash items with GL and receivable accounts
  • Daily entering of any payable items necessary to reconcile incoming cash
  • Day end reporting of closing cash balances
  • Currency Conversions

 

Month-end closing and financial reporting including:

  • Bank reconciliations
  • GL account reconciliations
  • Account Receivable reconciliations
  • Customer account reconciliation
  • Prior Period reconciliation
  • Journal Entry postings and accruals for taxes, distributions, etc.
  • Reporting of payments not received and/or write off’s
  • Preparation and delivery of Draft and Final Monthly Financial Reports
  • Redundant maintenance of all financial reporting, reconciliation and back-up

 

Full support for annual external audit including:

  • Engagement consultation
  • Audit conferences and data/document preparation and delivery
  • Communication and support with external auditors
  • Research and reporting
  • Entry of any necessary adjusting items

 

Year-end IRS reporting (or other foreign tax reporting entity)

  • 1099’s and 1098’s as necessary

 

Financial Review and Ad-hoc reporting

  • Additional services and consultation as necessary to support client’s financial performance internally as well as with associated partners and other venture partners, if any

Human Resources/Payroll

  • Salary/OT/Commission/Bonus Calculation and reporting
  • Payroll processing and delivery with direct interface to general ledger system
  • On-line paystub delivery to employees
  • IRA/401k reporting and accounting/remittances to provider
  • On-boarding of new employees as well as necessary terminations
  • Benefits coordination and communication
  • Liaison between Client’s employees and benefits providers
  • Customizable Employee Handbook Templates
  • Background checks and employee licensing/eligibility monitoring
  • Affordable Care Act (ACA) Compliance and monitoring
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