Record and Classify Transactions, Reconcile the bank account, Trial Balance, Run Profit & Loss, Balance Sheet, Cash Flow Analysis, Complete Month-end closing
Conducting monthly bookkeeping for past months not recorded and accounted for
Setting up the bookkeeping system on Quickbooks or Xero, creating the company profile, chart of accounts, and connecting bank accounts.
Post customer payments by recording cash, checks, and credit card transactions. Post revenues by verifying and entering transactions from lock box and local deposits. Updates receivable by totaling unpaid invoices. Maintain records by scanning invoices, debits, and credits. Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and from customers. Resolves valid or authorized deductions by entering adjusting entries, Resolves invalid or unauthorized deduction by following pending deductions procedures, resolves collections by examining customer payment plans, payment history, credit line, coordinating contact with collections department, Summarizes receivables by maintaining invoice accounts, coordinating monthly transfer to accounts receivable account, and verifying totals preparing report.
Reconciles processed work by verifying entries and comparing system reports to balances. Charges expenses to accounts and cost centers by analyzing invoice/expense reports, recording entries. Pays vendors by monitoring discount opportunities, verifying federal id numbers. scheduling and preparing checks, resolving purchase order, contract, invoice, or payment discrepancies and documentation, insuring credit is received for outstanding memos; issuing stop payments or purchase order amendments. Pays employees by receiving and verifying expense reports and requests for advances, preparing checks. Maintains accounting ledgers by verifying and posting account transactions. Verifies vendor accounts by reconciling monthly statements and related transactions. Maintains historical records by scanning documents. Reports sales taxes by calculating requirements on paid invoices.