Virtual Accountant
An organized, timely, and easy to use system of bookkeeping serves many practical purposes within your business.
It helps you to:
- Keep track of key performance measurements like cash flow, profit/loss, and net worth
- Compare your growth from year to year
- Manage your cash so that you don’t run out
- Know whether certain business strategies actually worked well or not
- Prepare for yearly tax returns without extra stress
- Save money on tax preparation because your CPA or other professional doesn’t bill you for time spent getting your information organized correctly
- Avoid extra time and stress digging up information in case of an IRS audit
- Avoid potential IRS tax penalties or backed taxes because you can’t defend deductions you claimed
- Pay all of your bills and financial obligations on time as agreed
- Raise capital with lenders and partners using real data from past performance
Our Core Services
Bookkeeping
- Full bookkeeping services and maintenance of chart of accounts
Accounts Receivable
- Estimates, sales orders, invoices, statements, posting of cash receipts & sales, reconciling, reporting
- Light collections by phone and mail as neededMaintaining customer master files
Accounts Payable
- Purchase orders, bill pay, reconciling, reporting, year end 1099′s
- Maintaining vendor master files
Payroll
- Entering from your third party-payroll services
Financial Reporting and Analysis
- Balance Sheet
- Income Statement
- Cash Flows
- Job Costing
- Calculation of time, material and expenses for jobs or projects
Form Preparation
- State & Federal income tax
- Sales & use tax
- Property tax
- Worker’s comp
- Year-End Tax Filings
- 1099 filing and reporting
- W2 filing and reporting
- Interface with your tax accountant
QuickBooks Setup & Support
- Setup and maintenance of your accounting database using QuickBooks Online