- Accounts receivable aging schedule
- Application of payments to outstanding invoices
- Bad debt reserve
- Client billing
- Collections
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Businesses
Accounts Receivable
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
Payroll
- Prepare/process payroll and payroll tax filings
- Track and accrue paid time off (vacation 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