Bookkeeping Services

OUR SERVICES

Bookkeeping Services

We provide tailored bookkeeping and accounting solutions, ensuring compliance, financial clarity, and strategic insights.

Transaction Recording

  • Systematic recording of all financial transactions, including sales, purchases, receipts, and payments, ensuring accuracy and compliance.
  • Categorization and posting of transactions to appropriate accounts based on the chart of accounts.
  • Real-time tracking of financial data using bookkeeping software like QuickBooks, Xero, or Zoho for efficient management.
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Bank Reconciliation

  • Reconciliation of bank statements with the company’s accounting records to identify discrepancies.
  • Timely detection and resolution of errors, such as duplicate entries or missing transactions.
  • Preparation of reconciled reports to ensure cash balances match bank records.
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Financial Reporting

  • Generation of financial statements, including the Balance Sheet, Income Statement, and Cash Flow Statement.
  • Customized reports to provide insights into financial performance, such as budget variance analysis and key metrics tracking.
  • Accurate preparation of accounting policies, notes, and disclosures in accordance with standards like GAAP or IFRS.
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Accounts Payable Management

  • Efficient tracking and management of vendor invoices and payment schedules.
  • Ensuring timely payments to avoid penalties and maintain strong vendor relationships.
  • Monitoring of outstanding payables and maintaining proper documentation for audit purposes.
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Accounts Receivable Management

  • Tracking and recording of invoices issued to customers.
  • Monitoring outstanding receivables and following up on overdue accounts.
  • Implementing systems to ensure timely collections, improving cash flow management.
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General Ledger & Chart of Accounts Management

  • Creating a custom chart of accounts based on business needs
  • Accurately classifying assets, liabilities, income, and expenses.
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Income & Revenue Management

  • Recording all revenue transactions from multiple sources
  • Categorising income based on sales, services, interest, rental income, etc
  • Managing instalment based payments for businesses with long-term contracts.
Invoice Bill Paid Payment Financial Account Concept

Invoicing & Accounts Receivable Management

  • Creating and sending invoices to customers/clients
  • Tracking overdue payments and sending payment reminders.
  • Recording partial payments and adjusting balances.
  • Managing online payments via Stripe, PayPal, bank transfers, etc.
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Payment Processing & Reconciliation

  •  Recording payments received through different methods (credit card, ACH, wire transfers, cash, etc.)
  • Ensuring income transactions match bank deposits to avoid discrepancies.
  • Handling chargebacks, refunds, and adjustments.
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Sales Tracking & Revenue Analysis

  • Tracking sales performance by product/service category
  • Identifying seasonal trends and forecasting future revenue.
  • Preparing reports on high-performing products or services.
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Sales Tax Collection & Compliance

  • Setting up sales tax tracking in accounting software
  • Calculating and recording sales tax liability
  • Filing state sales tax returns in multi-state operations.
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Deferred Revenue Management

  • Recording advance payments as deferred revenue for compliance.

  • Recognising revenue as per GAAP/accrual accounting rules.

  • Tracking completion based or milestone-based payments.

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Expense Tracking & Accounts Payable (AP) Management

  •  Recording and categorising business expenses properly.
  • Managing bills, vendor payments, and payment schedules.
  • Reconciling vendor statements to avoid payment disputes.
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Bank & Credit Card Reconciliation

  • Matching all transactions with bank statements for accuracy.
  • Identifying and resolving discrepancies in financial records.
  • Ensuring cash flow accuracy by tracking inflows and outflows.
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Payroll Processing & Compliance

  • Setting up and managing payroll systems.
  • Processing employee salaries, tax withholdings, and direct deposits.
  • Ensuring compliance with payroll tax regulations (federal s state).
  • Preparing and filing W-2 (employees) & 10GG-NEC (contractors) forms.
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Month end Adjustment entries

  • Making journal entries for accruals, prepayments, depreciation and adjustments.

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Financial Reporting & Budgeting

  •  Preparing monthly/quarterly/yearly:
            a. Profit & Loss (Income Statement)
            b. Balance Sheet
            c. Cash Flow Statement

  • Analysing business performance and providing financial insights.
  • Assisting in cash flow budget planning and expense control

COMPLIMENTARY Business Growth Strategies with Bookkeeping

Elevate your business finances with our tailored bookkeeping services that go beyond standard practices to deliver strategic insights and profitability-enhancing solutions

1

Profitability Assessment

Analysing your current financial status to identify areas for improvement
2

Cash Flow Management

Implementing strategies to manage cash flow effectively, ensuring funds are available for operations and growth
3

Customized Profit Plans

Developing tailored strategies to prioritize profit allocation, ensuring your business remains financially healthy
4

Ongoing Support

Providing continuous guidance and accountability to help you keep aligned with your financial goals
5

Business Assessment

Evaluating your current business operations to identify strengths and areas for improvement
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Ideal Client Identification

Helping you discover and focus on your most profitable clients to maximize growth
7

Strategic Planning

Assisting in developing a clear, actionable plan to achieve your business goals
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Tools and Resources

Providing access to a suite of tools and resources to implement The Pumpkin Plan strategies effectively

Comprehensive Financial Statements

Receive accurate, detailed financial statements delivered to your inbox every month.

Meticulous Transaction Management

Enjoy seamless categorization of all financial transactions to maintain organized and reliable records.

Informed Financial Reviews

Participate in insightful monthly or quarterly meetings to thoroughly analyze and optimize your financial performance.

Flawless Reconciliations

Ensure precision and consistency with reconciliations of all bank accounts, credit cards, and loans.

Stress-Free Tax and audit Seasons

Stay prepared year-round with our meticulous and compliant bookkeeping services.

Discover the full potential of your business with our dedicated monthly bookkeeping support—where precision meets profitability!

Book a Free Consultation Now!!

Check out our availability and book the date and time that works for you

Get Started Today

Ready to take your business to the next level? Contact us today to learn more about services and how we can help you achieve financial sucess.

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