Accounts Payable (AP)
- Full-cycle AP management
- Invoice entry and purchase order (PO) matching
- Payment scheduling and processing
- Vendor coordination and query resolution
- Cost coding based on GAAP/IFRS
- Accruals and month-end cut-offs
- AP reconciliation
- Duplicate and error checks
Book Clean-Up & Catch-Up
- Correction of past errors
- Reconciliation of old balances
- Organization of backlog transactions
- Standardization of accounting records
- Ready-for-audit financials
Accounts Receivable (AR) Services
- Customer invoice creation and sending
- Payment tracking and follow-ups
- AR aging report preparation
- Dispute management
- Customer account reconciliations
Payroll Processing
- Bi-weekly/monthly payroll runs
- Hourly and salaried employee calculations
- Overtime, bonus, and benefit adjustments
- Tax and deduction handling
- Payroll journal entry to GL
- Year-end summaries (W-2, 1099)
General Ledger (GL) Accounting
- Daily/monthly transaction recording
- Journal entry posting and adjustments
- Chart of accounts management
- Period-end closing entries
- GL reconciliations and audit preparation
- Financial reporting support
Tax Filing & Compliance
- Federal and state tax prep and filing
- Coordination with an external CPA or tax advisor
- W-2, 1099, and year-end documentation
- IRS audit support
- Books prepared to be tax-ready