Monthly Bookkeeping Monthly Bookkeping is the recording of financial transactions and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/ corporation. There are several standard methods of bookkeeping, including the single – entry and double – entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process. All accounts are placed into our system which is currently QuickBooks Professional 2021.

State Sales Tax Preparation A sales tax is a direct tax on consumption that many states and local governments impose when you purchase goods. The amount of tax youpay is typically figured as a percentage of the sale price. As of 2020, 45 states and an array of counties and cities charge a sales tax. All goods will have a sales tax when being purchased this tax in Florida is 7% of the good. The business or entity charging for the good must pay the state back that 7% in order to keep operating.

Monthly Transactions All transactions that occur to your business meaning checks, credit card transactions or others will be recorded into your account within QuickBooks.

Tax Consulting The rolee of a tax consultant is to give advice, to prepare, and to assist individuals or companies in tax filing or returns. We are also known as tax preparers. We aslo suggest steps which would help companies save more money. Because companies and individuals pay high taxes to the government, they need a tax consultant to minimize their tax exposure by using effective tax management strategies.

Profit & Loss, Balance Sheet Every quarter of the fiscal year (3months) a report will be generated for our clients that show all of their Profit and Losses. The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.

Multiple Accounts When the client has multiple bank accounts spread across their business. All of their bank accounts for that one business will be united to provide, accurate and reliable information.

Annual Tax Planning All year-round reports are can be generated for the client which informs them of all their previous taxes along with estimates for current year taxes and the following.

Cash Flow Statements A quarterly report is a summary or collection of unaudited financial statements, such as balance sheets, income statements, and cash flow statements, issued by companies every quarter (three months). In addition to reporting quarterly figures, these statements may also provide year-yo-date and comparative (e.g., last year’s quarter to this year’s quarter) results.

Quarterly Management Report A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.

Business Tax Preparation Tax preparation is the process of preparing tax returns, often income tax returns. In which we prepare thue business for their annual taxes along with the following year.

Personal Tax Preparation This offer is given only to the owner of the company for this personas taxes. Which is similar to the Business Tax Preparation however on a personal level.

Inventory Accounting Inventory Accounting is the body of accounting that deals with valuing and accounting for changes in inventoried assets. A company’s inventory typically involves goods in three stages of production: raw goods, in-progress goods, and finished goods that are ready for sale. Inventory accounting will assign values to the items in each of these three processes and record them as company assets. Assets are goods that will likely be of future value to the company, so they need to be accurately valued in order for the company to hace a precise valuation.