Recording Transactions: Accurately recording all financial transactions in the general ledger, including income, expenses, and other financial activities.

Journal Entries: Creating and managing detailed records of all transactions that occur, ensuring they are categorized correctly.

Reconciliation: Comparing a company’s financial records with its bank statements to ensure they match. This helps in identifying any discrepancies, errors, or fraudulent activities.

Monthly/Quarterly Reports: Preparing financial reports like balance sheets, income statements (profit and loss statements), and cash flow statements to provide insights into the financial health of the business.

Custom Reports: Generating custom financial reports based on the specific needs of the business, such as aging reports, expense analysis, or budget vs. actual reports.

Payroll Services: Calculating and processing employee wages, ensuring proper tax withholdings, and managing employee benefits and deductions.

Payroll Tax Filings: Preparing and filing payroll taxes with federal, state, and local authorities.

Budget Creation: Assisting in creating and maintaining a budget that aligns with the business’s financial goals.

Financial Forecasting: Projecting future financial performance based on historical data, market trends, and business strategies.

Monitoring Cash Flow: Tracking the inflow and outflow of cash to ensure the business maintains sufficient liquidity.

Improving Cash Flow: Advising on strategies to improve cash flow, such as optimizing payment terms with suppliers or managing receivables more effectively.

Tracking Inventory: Managing and tracking inventory levels, ensuring accuracy in reporting inventory value on financial statements.

Cost of Goods Sold (COGS): Calculating the COGS to help determine gross profit margins.

Software Implementation: Setting up financial software like QuickBooks and other accounting tools.

Training: Providing training for business owners and staff on how to use the financial software effectively.