FEATURE PACKED

Even though we pride our self on simplicity, we do not lack in functionalities

EVERYTHING AN ACCOUNTANT NEEDS

Bookkeeping

Recording Transactions, Maintaining Ledgers and
Reconciling Accounts


Recording Transactions – Every financial transaction is recorded
in the books (sales, purchases, receipts, and payments)
Maintaining Ledgers – The general ledger summarizes all transactions,
while subsidiary ledgers track specific accounts like receivables
and payables.
Reconciling Accounts: Ensuring that the records match the
bank statements and other financial documents.

Financial Reporting

Financial reporting provides insights into the financial health
of a business


Balance Sheet – Shows the company’s assets, liabilities
and equity at a specific point in time.
Income Statement – Also known as the profit and loss statement, it shows
the company’s revenues and expenses over a period.
Cash Flow Statement – Tracks the flow of cash in and out of the business,
highlighting operating, investing and financing activities.

Tax Preparation and Planning

This service ensures compliance with tax laws and helps
minimize tax liabilities


Tax Returns – Preparing and filing federal, state, and local tax returns.
Tax Planning – Developing strategies to reduce tax liabilities, such as
taking advantage of deductions and credits.
Tax Compliance – Ensuring that the business adheres to all tax regulations
and deadlines.

Payroll Processing

Managing employee compensation involves


Calculating Wages – Determining gross pay, deductions, and net pay
for each employee.
Withholding Taxes – Deducting the appropriate amount of taxes from
employee wages and remitting them to the government.
Issuing Payments – Ensuring timely payment of wages to employees.

Accounts Receivable and Payable

Managing incoming and outgoing payments


Accounts Receivable – Tracking money owed to the business by customers and ensuring timely collection.
Accounts Payable – Managing the business’s obligations to suppliers and
ensuring timely payments to avoid late fees and maintain good relationships.

Budgeting and Forecasting

Helping businesses plan their finances


Budgeting – Creating a financial plan that outlines expected revenues and expenses.
Forecasting – Predicting future financial performance based onhistorical data and market trends.

Audit and Assurance

Ensuring the accuracy of financial records

Internal Audits – Conducted by the business to assess the effectiveness of
internal controls and financial reporting.
External Audits – Conducted by independent auditors to provide an objective assessment of the financial statements.

Consulting Services

Providing expert advice on financial matters


Financial Strategy – Advising on long-term financial planning and investment strategies.
Business Planning – Helping with business plans, financial projections,and funding strategies.

Inventory Management

Tracking and managing inventory levels

Inventory Tracking – Monitoring stock levels to ensure optimal inventory.
Cost Management – Analyzing inventory costs and implementing strategies to reduce them.

Financial Analysis

Analyzing financial data to support decision-making

Ratio Analysis – Using financial ratios to assess the company’s performance and financial health.
Trend Analysis – Identifying patterns and trends in financial data to inform strategic decisions.

1. Bookkeeping

Bookkeeping is the foundation of accounting. It involves:

2. Financial Reporting

Financial reporting provides insights into the financial health of a business:

3. Tax Preparation and Planning

This service ensures compliance with tax laws and helps minimize tax liabilities:

4. Payroll Processing

Managing employee compensation involves:

5. Accounts Receivable and Payable

Managing incoming and outgoing payments:

6. Budgeting and Forecasting

Helping businesses plan their finances:

7. Audit and Assurance

Ensuring the accuracy of financial records:

8. Consulting Services

Providing expert advice on financial matters:

9. Inventory Management

Tracking and managing inventory levels:

10. Financial Analysis

Analyzing financial data to support decision-making: