Tailored Bookkeeping Solutions for Your Business
At First State Accounting, we understand the unique challenges faced by businesses in diverse industries. Our professional bookkeeping services extend to C Corporations, S Corporations, LLCs, Sole Proprietorships, Partnerships, and various specialized sectors, including medical facilities, restaurants, contractors, real estate, and janitorial services, to name a few.
We provide meticulous accounting support, including as much or as little of the below aspects as you need. See our questionnaire for the types of things we’ll ask in order to customize a bookkeeping package specific to your needs.
Initiation:
A. Client Intake:
- Discussions to determine client needs and deadlines.
- Establish a method of access to client information.
B. Tailored Chart of Accounts:
- Develop customized accounts for specific industries.
- Ensure clear and organized financial reporting.
Cyclical Processing:
A. Precision in Transactions:
- Maintain accurate and up-to-date records, including…
- Deposits, expenses (checks, cards, ACH, etc.), payroll, loans & adjustments needed.
B. Timely Recording:
- Record transactions promptly for real-time insights.
- Meet strict deadlines for reporting and tax filings.
C. Invoicing and Accounts Receivable:
- Streamline invoicing for improved cash flow.
- Monitor accounts receivable for timely payments.
D. Bills and Accounts Payable:
- Manage bills received and due dates.
- Assure no missed due dates to negate late fees/interest expense.
E. Expense Tracking:
- Categorize and track expenses for budgeting.
- Identify areas for cost-saving measures.
F. Payroll Accuracy:
- Ensure accurate payroll entries.
- Work with providers and stay updated on payroll regulations.
G. Reconciliation:
- Regularly reconcile bank/credit card statements for accuracy.
- Manage cash flow effectively.
Review and Discuss:
A. Communication:
- Foster open communication with regular updates.
- Collaborate to align with client goals.
B. Comprehensive Financial Reports:
- Generate detailed financial reports.
- Customize reports based on client needs.
C. Financial Analysis and Consultation:
- Provide insights based on data analysis.
- Collaborate for financial growth strategies.
Behind the scenes for our client's best interests:
A. Confidentiality and Security:
- Maintain strict data confidentiality.
- Implement robust security measures.
B. Continuous Professional Development:
- Stay current with industry trends.
- Demonstrate commitment to ongoing education.
C. Scalability and Flexibility:
- Adapt services for evolving client needs.
- Ensure scalability for increased transactions.
