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GENERAL ACCOUNTING
- Monthly profit and loss statements so you can monitor your business
better, see trends developing and help plan for the future. By
providing timely statements items requiring attention can be identified
immediately and corrective action can be taken.
- Review of the monthly financial statements with you.
- Unlimited discussion of accounting or business related questions
at no additional charge. We strive to function as your total
business advisor.
- Review of items of overhead and make cost saving suggestions.
- Preparation and transmission of sales and royalty payments to
franchisor
- Preparation of monthly sales tax reports.
- Calculations of percentage rent overrides, if applicable.
CASH CONTROL
- Verify that all deposits were made
- Reconcile Bank Accounts monthly
- Reconcile Gift Certificate and Credit Card activity
ACCOUNTS PAYABLE
- Weekly preparation of accounts payable checks from invoices
approved by you for payment on a weekly basis. Signature authority
is retained by you.
- Process ACH Payments
- Process Recurring Payments
- Respond to supplier inquiries
- Prepare Forms 1099 as required
PAYROLL
- Preparation of weekly payrolls from information called, faxed
or e-mailed to us. Signature authority is retained by you. All
payroll tax compliance is included as well as the year-end preparation
and distribution of W-2's
- Coordinate annual workman's Compensation audits which is performed
at our office. Review the final audit to insure that all computations
and wage classifications are correct.
- Process all garnishments
- Comply with appropriate state "New Hire Reporting"
requirements
TAX PREPARATION AND PLANNING
- Tax planning prior to year-end with any tax saving suggestions
made at that time. There are no surprises at April 15th with us.
- Preparation of all Individual and Corporate Income Tax Returns
FINANCING AND OTHER SERVICES
- Assist in obtaining financing for new ventures or the refinancing
of existing ones. Preparation of projections, break-evens and
financing packages .
- Assistance in obtaining health, liability and property and casualty
insurance.
- Periodically put insurance coverage out to bid.
- Succession Planning/ Retirement Planning / Strategic Planning
/ Estate Planning
- Review and analysis of what the best type of entity is for you and discussions of the benefits of each.
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