Preferred Bookkeeping Service

Accounts Receivable:  Prepare Invoicing, statements, Sales Tax returns, deposit entries, aging reports

Accounts Payable:      Record vendor invoices, prepare checks for payment, aging reports and year

                                   year end 1099s

Payroll:                       Prepare payroll checks or payroll stubs, notify of payroll tax due and date or

                                   make online payments, prepare quarterly returns, prepare W2s, W3, federal

                                   and state

Reports:                      Can include Agings, Income Statement, Balance Sheet, Trial Balance,

                                   General Ledger, Payroll Journal, Sales Journal, Purchase Journal

Budgeting:                   Can help with budget planning and Budget to Actual Reports

Inventory:                     Can track inventory with beginning, purchases, sales, ending and compare

                                    to your physical count

Reconciliation of :          Bank accounts, credit card statements, vendor statements

Filing System:               Folders and explanation for set up or general guideline to set up files

 

Can track income/expenses for particular job/event/location/department, etc.

 

Or, entry of your activity (deposits, checks, bank fees, etc) - where you are doing the day to day deposits and bill payments and we record your entries to supply reports based on that information

 

Help can be in any or all areas; you may want help with some areas and not in others - we will work with you to customize what you need.

 

Fees are based on choice of services.  Once the service is established a regular monthly fee can be determined.  Up to that point, hourly charges apply.  Average savings for a small business with even minimal activity outsourcing their bookkeeping to Preferred Bookkeeping as compared to using a part-time person at only 15 hours a week can be about $4500 to $5000 per year.