Pricing is based on each business's unique situation and needs.
Record Financial Transactions
An accounting system must record all business transactions to ensure complete and reliable information when the financial statements are prepared. Good records can show whether your business is improving, which items are selling or what changes you to need make. Creating the right financial records for your business transactions is critical for a successful business.
Classify Financial Activity
How you classify accounts is the foundation of your company's accounting process. Not recording something in the right place could significantly affect the financial statements for the business. Without placing transactions in the correct category, a bookkeeping system is essentially worthless, since the final numbers don't mean anything.
Reconcile Financial Activity
Reconciliation is the process of comparing transactions and activity to supporting documentation. The process of reconciliation ensures the accuracy and validity of financial information. Maintaining a consistent and frequent schedule of reconciliation will help you have a better understanding of how your business is doing financially.
Monthly Preparation & Interpretation of Financial Statements
The goal of any business should be the ability to produce timely and accurate financial statements within a reasonable period of time after month end. The ability to identify financial statements for a business, to understand what is reported by each and to realize the importance of having accurate, up-to-date information is key to the financial health of your business.
Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or a vendor. Keeping vendor accounts current goes a long way to creating and keeping good relationships. You want to make sure that your accounts are current and payments are applied on time and accurately. Keeping digital records of your bills and payments will ensure that an invoice is never paid twice.
Accounts receivables are amounts that a company has the right to collect because it sold goods or services on credit to a customer. It is documented through an invoice. The invoice describes the goods or services you have sold to the customer, the amount they owe you (including sales taxes and freight charges), and when it is to be paid. Having good records of all your accounts receivables will keep you up to date on where you stand financially.
Instead of your money telling you where it's going, a budget is designed to tell your money where it's going. A budget gives you a step by step guide to clearly outline your business's goals. A budget makes you a forward thinking entrepreneur and sets you apart from your competitors.