Accounts Receivable (A/R) is the money that is due to the company because it has provided customers/clients with goods and/or services. Accounts receivable is an important aspect of a business, it is a current asset. So they are a measure of the company's liquidity or the ability to cover short-term obligations without additional cash flows.oes here

Accounts Payable (A/P) is the money that the company owes to vendors or contractors for goods and/or services. Accounts payable is an accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers and is a current liability. We receive and process vendor bills for payment but we also are diligent in verifying and reconciling invoices so you can be sure you are paying only what is owed.

Cash management is necessary to operating as efficiently and as profitably as possible. We help clients manage cash flow by considering budget projections, changes in cost and product availability, open A/R and the A/P schedule, among other financial factors.

Reconciliation is an accounting process that proves and documents that balances in your accounts are in agreement. This is an important step in the accounting processes for businesses to prevent financial statement errors. We reconcile clients’ bank accounts, accounts receivable, and accounts payable to insure financial statements are accurate.

We use established accounting procedures to ensure that clients’ books are accurate and timely. At the end of every month we review our clients’ accounts to insure that all entries are booked according to GAAP standards. We provide clients’ with a customized report package to help them manage their organization's finances.

If a business sells a product or provides a service that is taxable and you are in a "sales tax" State, you will need to set up a process to collect and pay sales taxes and file sales tax returns. We assist clients’ with establishing payment connections to local, State, and Federal taxing authorities, and with tracking, reporting, and submitting taxes.

We establish and maintain accounting recordkeeping systems for clients’ financial records. Both hard copy and digital records’ management is available. Keeping accounting records organized and accessible is recognized as a General Accepted Accounting Principals best practice.

Retroactive or After-The-Fact Bookkeeping is just what it sounds like, we help clients go back through accounting files that might be seriously out of sorts. We organize the client’s files both paper and digital. Then in QuickBooks we enter the accounting data, reconcile the accounts, and organize your accounting records to establish a professional accounting system. If you are behind on your bookkeeping, maybe you have a backlog of your accounting to catch up on? Call us.