Instant, accurate reporting is the result of routine detail orientated data entry. Double entry accounting following the basic principles of accounting.
Online payroll including fees, taxes and any additional deductions or deferrals.
Produce statements immediately to analyze financial status and performance.
Revenue processing, from invoicing to payment collection and banking.
Payables, overheads, lines of credit/loans - timely payments result in high credit ratings. Vendors and Suppliers often offer discounted early payment incentives. Meet the deadlines, take care of the bucks!
Vendors must be compliant in order to keep costs down. A current up to date Vendor Catalogue is a necessity.
Making sure all standards of operation are legal, ethical and current.
Audits are a part of running your business. Being prepared is labor intensive. Being current, is being prepared. Being organised is being prepared.
Sending an Accountants Copy and a file of tax documents is how this should be done. Tax Prep is done every day/week/month. Simple.
Balancing the books per the institution. We always have to match.
Constantly updating to improve efficiency. Making the most of the resources we have.
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