How much does it cost?

We first want to find out a little more about your business and your accounting records before we quote you an exact price. Rest assured that we work with many small business owners and our rates are designed to fit the budgets of our clients.

As with any accounting software program, installation and training take time - time taken away from managing your business. Here's a short list of the services we provide during your QuickBooks setup:

• Study and evaluate your software and accounting needs.

• Recommend software and hardware requirements.

• Install software, design and set up chart of accounts and entire accounting package including payroll, accounts receivable, inventory, accounts payable, etc.

• Determination of your QuickBooks starting date

• Loading your chart of account and balances as of that starting date

• Preparation of a list of the items that you sell to your customers. This list includes services, inventory parts, non-inventory parts, other charges and sales taxes

• Entering your outstanding accounts receivable and accounts payable details as of your starting date

• Entering your ending statement bank balances and outstanding checks & deposits in transit as of your starting date

• Printing a trial balance as of your starting date and comparing it to your trial balance from your old system

• Entering your transactions since your starting dates into QuickBooks

Train client or client staff in use of software to meet their accounting, management and tax needs.

Company Initial Set Up

Although QuickBooks is designed for the layman to understand, the initial setup and installation must be done correctly in order for future information to be accurate.

All information necessary to setup manual accounting records is also necessary to setup and install QuickBooks on your desktop. This task is even more complicated if you switch from manual accounting operations to QuickBooks in the middle of the year.

Which accounting method will you use? What chart of accounts do you need for your business? How do you handle beginning balances?

An expert can easily answer all of these questions and complete the initial Setup and Installation in a timely manner. In addition, your accounting employees receive training on the accounting software to enhance their performance.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...

• Track revenues and expenses so that you can determine the operating performance of your business.

• Determine what areas of your business are over-budget or under-budget.

• Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.

• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.

• Determine your income tax liability

Inventory Maintenance and Control

QuickBooks and All Orders support and Training (Specialized Inventory software)

The Inventory maintenance is one of the most important things in your accounting management we check and review the negative items also the margin and profitability analysis and the inventory adjustments.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

 Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

Quickly get a handle on the financial strength and capabilities of your business.

• Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.

• Determine if your business is in a position to expand.

• Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses? 

• Determine if you need to take immediate steps to bolster cash reserves?

• Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

We have experiences with the following industries: 

• Broadcasting Channels
  

• Vitamin manufactures

• Real Estate

• Freight Forwarders

• Purchasing Agents

• Trucking Companies

• Seafood and produce Importers

• Furniture Store

• Exporters and Importers

• Marketing Companies

• Hotels
  

• Restaurants

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to...

• Identify lost checks, lost deposits and unauthorized wire transactions.

• Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.

• Detect and prevent embezzlement of funds from within your company.

• Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.

• Manage your cash more effectively. Proper management of funds not only saves money; it makes money for you.

•  Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.

• Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.