For example, if you're a plumber and you service a house and leave the customer with an invoice on January 2nd but the customer doesn't pay the invoice until February 10th, under the cash method the service revenue would be entered on February 10th. .Company Setup
We'll set your company up with an automated bookkeeping service. This includes creating the financial accounts you'll need to record your business transactions. Each company is different and having a customized chart of accounts is the solution we offer for you. The chart of accounts is a listing of all financial accounts (i.e., revenue, expenses, assets and liabilities) that your company posts it's transactions to.
For example, if you're an electrician you'll have sales revenue for the income you receive by selling parts to your customers and service revenue for the income you receive for the services you provide. Your expenses include the parts you've purchased from your vendors, rent expense (assuming you don't work from your home), utilities, salaries (if you have additional employees), and any other business related costs. We guarantee the accurate recording of all of your business transactions will be done timely and efficiently. Providing Us Your Company Information
On a weekly or monthly basis (or other frequency is available upon request), we'll retrieve your company's records via the method agreed upon at the inception of our contract. The methods of data transmittal are listed below:
- Onsite data entry: the benefit of this option is that our qualified bookkeeper is there to answer any questions that you or your staff may have.
- Client pick up: We can arrange for your information to be picked up by one of our staff members at a small additional charge of $10.00 plus tolls and mileage.
- Data transmittal: You can scan the necessary documents and send them to our office via fax or email.
We'd be able to discuss the methods of providing your company information to us in more detail to help you determine which method works best for you.
It is our policy to destroy all documents received from clients to protect client confidentiality and therefore request that copies always be sent to our office. No original documents will be accepted. Please write "COPY" on the document to as a confirmation an original document was not sent.