Profit & Loss Summary
Individual and Small Business
Up Your Business Records
Set up chart
of accounts and other necessary records.
Establish accounting method as cash or accrual.
Set up all reports and any special requirements
Your Business Transactions
Record deposits and receipts.
Record checks and disbursements.
Record invoices and accounts receivable.
Record any bills and accounts payable
Your Payroll Transactions
Set up and
maintain employee records.
Calculate time cards and prepare paychecks.
Prepare payroll deposit requirements.
Prepare quarterly returns and annual W-2's.
Set up and maintain 941 Quarterly filings.
Electronic filing transfer services(EFTS)
Depreciation set up adjustments.
Necessary amortization set up and adjustments.
Prepare any needed inventory or other adjustments
Set up general
current bookkeeping procedures.
changes for an efficient and smooth process of daily bookkeeping.
to understand factoring.
reports and setup procedures to reconcile factor