Importance of Income statement (P& L) analysis
Currently, the growth process of companies brings with it technological advances and processes autom...
We will help you create a chart of accounts and the subcategories that will fit your business. After organizing your chart of accounts, you will be able to have a clearer insight into your company’s financial health. You will know where your money is going and where improvements are needed to achieve your goals faster.
A summary of banking and business activity, reconciling your bank account with its financial records. Bank reconciliation statements will confirm that payments have been processed, and cash collections have been deposited into your bank account.
We will process your information and generate a report with details on how your customers are paying. It will help your businesses from running out of working capital at any point in time and maintain a healthy cashflow.
Based on information given, we will provide you with monthly reports, so you can complete payments to your suppliers or vendors, controlling your expenses in a timely manner. We will record the payments, verifying and reconciling invoices.
We will record the services provided to generate invoices as well as help you track your accounts receivable with monthly reports.
Depending on your business structure and type of business, you may be required to pay sales taxes. We will assist in filling the required forms and making payments on time to avoid fees and penalties. We also include payroll taxes if needed.
Outsourcing payroll is a time saver for the company. Depending on how you pay your employees (weekly or biweekly) we will assist in having better control of payroll expenses and will overlook that proper methods are being used to avoid legal problems.
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