Entering checks, deposits, ACHs, EFTs, and debit card transactions. Reconcile bank accounts.
Enter and reconcile any credit cards, loans, or other banking accounts.
Entering customer charges to be shown on invoices, receiving and posting payments.
Entering and paying bills, via checks, credit cards, or online banking.
End of Year processing
Confirm all Assets and Liabilities have been reconciled and cleaned up.
Review both Balance Sheet and Profit/Loss reports.
Prepare and mail 1099's for all sub-contractors that are not Incorporated and have received $600 or more.
CPA Package (various per CPA):
General Ledger, Bank Reconciliation report as of 12-31, copies of payroll reports, BOE quarterly reports, and any other reports needed by CPA.
Prepare financial reports for CPA and email or upload to CPA portal for preparation for tax returns.