ACCOUNTING SERVICES

Bookkeeping Plus has been offering dependable, accurate and timely accounting services for over 30 years including bookkeeping; financial statements, reports, and month-ends; budgeting and forecasting; and payroll processing and retirement fund services.

BOOKKEEPING

BPI provides timely, accurate recordkeeping for Sales and A/R, Expenses and A/P, Purchase Orders, Inventory, Job Costing, and Grants.

SALES & ACCOUNTS RECEIVABLE

EXPENSES & ACCOUNTS PAYABLE

PURCHASE ORDERS

Enter daily sales transactions
Separate out sales for related products and services
Prepare invoices and billing statements for customers
Post A/R receipts
Record deposits
Track A/R including aging

Enter invoices from vendors and suppliers
Reconcile invoices to statements
Pay monthly recurring invoices
Enter manual checks written by client
Maintain prepaid-expense schedules
Post monthly expense accrual entries
Prepare and pay monthly sales tax
Make payments to vendors
Track A/P including aging
1099 forms to vendors and independent contractors

Set up purchase order system in QuickBooks or similar software
Prepare and maintain purchase orders
Match invoices to POs

INVENTORY MANAGEMENT

Set up inventory systems in QuickBooks or similar software
Input daily purchase transactions
Release inventory when sales are recorded

JOB COSTING

REPORTS

Set up and maintain job costing systems in QuickBooks or similar software
Prepare job costing as “percent complete” or “completed contracts” method

Determine client’s needs for summary or detailed reporting
Set up Memorized Reports for categories such as purchasing, inventory, job costing, sales, and expenses

GRANT MANAGEMENT

Set up and maintain federal, state, and private grants
Track grant inflows and outflows based on budgets
Prepare grant reports

FINANCIAL STATEMENTS

Reports such as the Balance Sheet, Profit & Loss, and Cash Flow Statement provide you with information about your entity's performance.

FINANCIAL STATEMENT TYPES

CASH FLOW MANAGEMENT

RECONCILIATIONS

Balance Sheet
Profit and Loss (Income Statement)
Budget-to-Actual
Previous Year Comparison
Customized reports
Financial and Regulatory Reports

Provide Statement of Cash Flows and related reports
Work with client to project cash needs and manage bank account balances
Prepare report of “cash flow projected against adopted budget”

Bank and credit card accounts
Due to/from accounts for affiliated companies
Prove all balance sheet accounts monthly
Review profit-and-loss accounts monthly for accuracy
Re-class to grants, jobs, and accounts as requested or needed

ANNUAL REPORTS

Workers’ compensation insurance audit
W-2 and related forms and reports for in-house payroll clients
1099 forms to vendors and independent contractors
Work papers for CPAs for year-end tax filings
Secretary of State business filings
Pension fund census reports

RELATED SERVICES

Help client select accrual or cash basis
Perform month-end work
Prepare statements monthly, quarterly, or as needed by the client
Provide information to bankers, stakeholders, or CPAs upon client request

BUDGETING AND FORECASTING

You need a budget and you need to be able to forecast your cash flow. Let us put our years of experience to work for you in planning and projecting.

Setting financial goals and projections allows you to implement measures necessary to achieve those goals, and then to measure your implementation and gauge the success thereof. The failure to establish a budget for the fiscal year, and/or the failure to adhere to that budget, can lead to excessive expenditures, cash shortfalls, and other serious financial problems. Every entity should have a budget and review the budget reports regularly.

Forecasting involves an analysis of cash sources and uses, taking into consideration both historical data (to show trends and customary performance) and anticipated transactions. These would include sales/revenue projections, accounts receivable collections, expense projections, accounts payable and A/P aging issues, capital expenditures, and sources of debt or equity financing. BPI communicates regularly with the client on forecasting issues so that management can make appropriate decisions.

BUDGETING & FORECASTING SERVICES

Set financial goals using input from client
Prepare annual budget
Prepare projected multi-year budgets
Prepare Budget-to-Actual reports
Generate cash flow forecasting
Prepare Statement of Cash Flows
Develop grant budgets

PAYROLL AND RETIREMENT

Whether you have BPI process your payroll or use a third-party service, we can generate the reports and prepare the payroll tax payments and returns.

PAYROLL SERVICES

RETIREMENT SERVICES

Calculate time cards
Track payroll expenses by department, jobs, or grants
Input into software for both payroll and taxes
Make tax payments
Prepare all tax filings
Prepare year-end tax reports including W-2s

Provide compliance reporting and payment processing as required by government or private entity rules and regulations
Generate quarterly and annual reports required by the retirement fund or regulatory body
Prepare census reports for third-party administrators (TPAs) and/or fund managers
Work with a variety of retirement fund types, such as 401k, 403(b), and many other plans (Simple IRA, SEP, pension, etc.)
Work with retirement funds for state government entities (INPRS), which includes teachers (TRF) and public employees (PERF)

WILL THESE SERVICES HELP YOU SUCCEED?

Call us and ask for CEO Beth Marsh. She will personally listen, evaluate your needs at no charge, and honestly advise you on if Bookkeeping Plus is the best firm for you.

CALL BOOKKEEPING PLUS