Data Entry of Daily Transactions

  • Payroll Journal - Payroll Checks, Tax Liability, Employee Deductions
  • Sales Journal - Invoices (Cash & Credit)
  • Cash Receipts Journal - Customer and Other Payments Received
  • Cash Disbursements Journal - All Checks Written
  • Accounts Receivable Subledger - Credit Customer Sales/Payments
  • Fixed Asset Subledger - All Furniture and Equipment Purchased
  • Inventory Subledger - All Products Purchased/Sold
  • Accounts Payable Subledger - Vendor Purchases/Payments

Create and Maintain Customer Files

  • Create/Maintain Customer Files (Invoices, Credit Memos, Payments)
  • Create/Maintain Vendor Files (Invoices, Credit Memos, Payments)
  • Create/Maintain Employee Payroll Files (I9’s, W4’s, W2’s, Approved Deductions, Compensation Changes)
  • Deposit All Customer and Other Payments

Check Generation

  • Generate All Vendor Checks for the Client’s Signature
  • Generate All Payroll Checks for the Client’s Signature

Reports and Tax Forms

  • Quarterly Payroll Reports (DE6)
  • Annual Payroll Reports (DE7)
  • Federal Payroll Taxes Deposited (941)
  • State Payroll Taxes Deposited (DE88, DE3D)
  • Federal Unemployment Tax Return (940)
  • Sales Taxes
  • Business Licenses
  • Various Industry-Specific Taxes (Tobacco, etc.)
  • Property Taxes
  • Federal Income Taxes
  • State Income Taxes

Monthly Accounting Control Functions and Reports

  • Reconcile All Subledgers to the General Ledger Control Account (Bank Accounts, Accounts Receivable, Inventory, Fixed Assets, Accounts Payable, etc.)
  • Status & Review Session with BBBS Account Manager
  • Monthly Cover Letter
  • Current Chart of General Ledger Accounts
  • Balance Sheet
  • Profit and Loss Statement
  • Report on Inventory Turns (Months of Inventory On-Hand)
  • Accounts Receivable Aging (Credit Customers
  • Accounts Payable Aging (Vendors)