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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. 

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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. 

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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. 

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