Organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. We offer full outsource bookkeeping services for small to mid-sized companies. We can be a valuable resource to assist you in a variety of services available.
Weekly or Every Two Weeks
- Enter Deposits and Payments
- Enter Payables and Receivables
- Enter Payroll/create Payroll Checks
- Update Employee Benefit Information if benefits are pro-rated against actual hours worked.
- Deposit payroll taxes (if a semi-monthly depositor)
- Request for I'9s and/or certificates of insurances from independant contractors as applicable
Monthly
- Deposit Federal payroll taxes (if a monthly depositor)
- Deposit State payroll withholdings
- Enter principle and interest on any loan payments
- Review vendors for expired certificates of insurance and request updated information.
- If collecting sales tax, review resale and nontax customers for any missing or expired.
- ST-4 or ST-5 forms and request updated information
- Review A/R and create customer statements or mail reminder invoices as needed.
- Review A/P statements against possible missing or past due invoices to be paid.
- Reconcile all bank and credit card accounts
- Create/review monthly profit and loss and balance sheet statements
- Create/review monthly inventory, sales, and other reports
Quarterly
- Prepare all quarterly Payroll Reports for the IRS and State agencies, Including Sales Tax Returns
- Create/review quarterly profit and loss and balance sheet statements
- Create/review quarterly inventory and sales reports
Annually
- Prepare all year-end payroll & vendor statements, including W-2's, W-3's, 1099's,1096's, etc.
- File and pay FUTA and any other taxes that may be due
- Verify and update employee withholding and address information
- Review employee benefits programs/update employee information
- Review vendors and services (long distance, credit cards, etc.)
- Update year-end inventory and capital assets in the books
- Prepare materials for workers' comp insurance audit
- Prepare materials for liability insurance audit
- Review status of any owner loan accounts
- Prepare materials for Tax Preparers
- Close out the books and balance the books with the tax return
- Any other year end close out items
Shari Francois, CPB, CPS ®
shari@francoisandassoc.com Nampa,ID 83686
Virtual Outsourced Accounting & Tax Solutions for Your Business
- Create Customer Invoices and Statements
- Time and Expense Tracking
- Reconcile Credit Card Accounts
- Prepare Profit & Loss Statements
- Year End Tax Preparation Support
- Maintain the General Ledger