The following services are currently offered. I am able to offer bookkeeping in multiple accounting service platforms including Intuit Quickbooks, Xero and Wave. Because every business is unique in its needs, pricing is individualized based on the work required. During your initial consultation, we will discuss why you are seeking a bookkeeper and which services will best suit your business based on what you do, your size and your goals. Additional services may be offered as discussed.
When you begin your relationship with Brilliant Endeavor Bookkeeping, a client engagement letter must be signed that will detail the services you need.
Setup
Set up business, chart of accounts, vendor list, customer list, establish bank feed, and enter current account balances in accounting software of choice.
This includes the following:
- entering all of your business biographical information, including the legal name, the Employer ID Number, address, etc.
- Entering a list of vendors that products and services are purchased from
- Entering a list of customers of the business
- Establish a link between accounting software and bank account to automatically import the bank statement into the accounting software
- Building a chart of accounts to categorize transactions and enter the current balance for each account
Training
3 hours of on site training to teach the client how to use accounting software and related applications.
Cleanup
Review of prior months’ and/or years’ financial records to clean up and properly categorize.
Bank Reconciliation
Utilize bank statement to verify that all transactions have been recorded.
Expense Categorization & Review
Entering all expenses incurred in the current month.
Profit & Loss Statement and Balance Sheet
Provide a Balance Sheet report on current balances of assets, liabilities and owner’s equity and a Profit & Loss statement featuring revenues, expenses and profits for the given period (month, quarter or year)
Cash Flow Statement
Report showing all sources and uses of cash including cash input of owner, financing proceeds, investments, profit, etc.
Accounts Receivable reporting
Monthly report of balances owed by each customer and days until or past due.
Accounts Payable reporting
Monthly report of balances owed to each vendor and days until or past due.
Bill payment
Issuance of checks and electronic payments for outstanding bills.
Accounts Receivable Management
Issuance of monthly statements to customers and application of customer payments to their accounts.
Payroll Service and Processing
Managing all related forms and information to track and process payroll and W-9s for employees and 1099 contractors.
Inventory Management
Tracking costs of goods sold and inventory balances. Periodic inventory counts.
Key Performance Indicator Report
Additional report that uses common accounting ratios and measurements as indicators of financial performance.
Budgeting
Establishing a budget for the coming year with client and comparing performance to budget.
Sales Tax processing and payment
Tracking sales tax owed and submitting payment with returns.