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
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Enter daily sales transactions
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Separate out sales for related products and services
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Prepare invoices and billing statements for customers
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Post A/R receipts
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Record deposits
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Track A/R including aging
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Enter invoices from vendors and suppliers
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Reconcile invoices to statements
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Pay monthly recurring invoices
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Enter manual checks written by client
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Maintain prepaid-expense schedules
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Post monthly expense accrual entries
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Prepare and pay monthly sales tax
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Make payments to vendors
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Track A/P including aging
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1099 forms to vendors and independent contractors
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Set up purchase order system in QuickBooks or similar software
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Prepare and maintain purchase orders
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Match invoices to POs
INVENTORY MANAGEMENT
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Set up inventory systems in QuickBooks or similar software
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Input daily purchase transactions
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Release inventory when sales are recorded
JOB COSTING
REPORTS
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Set up and maintain job costing systems in QuickBooks or similar software
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Prepare job costing as “percent complete” or “completed contracts” method
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Determine client’s needs for summary or detailed reporting
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Set up Memorized Reports for categories such as purchasing, inventory, job costing, sales, and expenses
GRANT MANAGEMENT
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Set up and maintain federal, state, and private grants
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Track grant inflows and outflows based on budgets
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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
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Balance Sheet
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Profit and Loss (Income Statement)
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Budget-to-Actual
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Previous Year Comparison
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Customized reports
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Financial and Regulatory Reports
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Provide Statement of Cash Flows and related reports
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Work with client to project cash needs and manage bank account balances
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Prepare report of “cash flow projected against adopted budget”
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Bank and credit card accounts
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Due to/from accounts for affiliated companies
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Prove all balance sheet accounts monthly
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Review profit-and-loss accounts monthly for accuracy
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Re-class to grants, jobs, and accounts as requested or needed
ANNUAL REPORTS
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Workers’ compensation insurance audit
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W-2 and related forms and reports for in-house payroll clients
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1099 forms to vendors and independent contractors
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Work papers for CPAs for year-end tax filings
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Secretary of State business filings
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Pension fund census reports
RELATED SERVICES
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Help client select accrual or cash basis
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Perform month-end work
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Prepare statements monthly, quarterly, or as needed by the client
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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
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Set financial goals using input from client
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Prepare annual budget
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Prepare projected multi-year budgets
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Prepare Budget-to-Actual reports
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Generate cash flow forecasting
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Prepare Statement of Cash Flows
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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
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Calculate time cards
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Track payroll expenses by department, jobs, or grants
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Input into software for both payroll and taxes
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Make tax payments
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Prepare all tax filings
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Prepare year-end tax reports including W-2s
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Provide compliance reporting and payment processing as required by government or private entity rules and regulations
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Generate quarterly and annual reports required by the retirement fund or regulatory body
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Prepare census reports for third-party administrators (TPAs) and/or fund managers
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Work with a variety of retirement fund types, such as 401k, 403(b), and many other plans (Simple IRA, SEP, pension, etc.)
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Work with retirement funds for state government entities (INPRS), which includes teachers (TRF) and public employees (PERF)