Services

Financial Transaction Recording:

Accurate and timely recording of all financial transactions, including sales, purchases, expenses, and payments.

Accounts Receivable Management:

Creating and sending invoices to clients.

Tracking payments received and following up on overdue invoices.

Accounts Payable Management:

Processing vendor bills and payments.

Maintaining accurate records of outstanding liabilities.

Bank and Credit Card Reconciliation:

Reconciling bank and credit card statements to ensure accuracy.

Identifying and resolving discrepancies.

General Ledger Maintenance:

Maintaining the general ledger, which is the primary book of financial accounts.

Ensuring accurate posting of transactions to appropriate accounts.

Income and Expense Tracking:

Categorizing and recording all income and expense transactions.

Tracking income from various sources (salaries, investments, etc.).

Monitoring expenses like rent, utilities, groceries, and transportation.

Budgeting and Forecasting:

Creating personalized budgets based on income and expenses.

Analyzing spending patterns to identify areas for savings.

Forecasting future financial needs and planning accordingly.

Financial Statement Preparation:

Creating balance sheets to track assets, liabilities, and net worth.

Preparing income statements to monitor income and expenses over time.

Generating cash flow statements to analyze cash inflows and outflows.

Financial Record Keeping:

Setting up a separate accounting system for the estate.

Recording all income and expenses related to the estate.

Tracking payments to beneficiaries, creditors, and tax authorities.

Bank Account Management:

Managing estate bank accounts.

Reconciling bank statements and monitoring cash flow.

Tax Preparation:

Preparing Financial Reports.

Final Accounting:

Preparing a final accounting of the estate's assets and liabilities.

Providing a detailed report to the executor and beneficiaries.

Payroll Processing:

Calculating payroll taxes, deductions, and net pay.

Preparing and distributing paychecks or direct deposits.

Filing payroll tax returns.