Bookkeeping
This involves recording financial transactions, such as sales, purchases, and payments, in a systematic and organized manner. Bookkeepers may also reconcile bank statements, prepare invoices, and maintain financial records.
Accounts payable
This involves managing the process of paying bills and invoices on behalf of the business, including verifying the accuracy of invoices and ensuring that payments are made on time.
Accounts receivable
This involves managing the process of collecting payments from customers and clients, including generating invoices, tracking payments, and following up on overdue accounts.
Payroll
This involves managing the process of paying employees, including calculating and withholding taxes, preparing paychecks, and maintaining employee records.
Financial reporting
This involves preparing financial statements, such as income statements, balance sheets, and cash flow statements, to provide an overview of the financial health of the business.
Tax preparation
This involves preparing and filing tax returns for the business, including calculating taxes owed, ensuring compliance with tax laws and regulations, and identifying tax-saving opportunities.
Budgeting and forecasting
This involve preparing budgets and financial forecasts to help the business plan for future growth and make informed financial decisions.
Inventory management
This involves tracking and managing inventory levels, ordering new inventory, and conducting physical inventory counts to ensure accuracy.
Cash management
This involves managing cash flow, including monitoring cash balances, forecasting cash needs, and developing strategies to optimize cash flow.
Financial analysis
This involves analyzing financial data to identify trends, identify areas for improvement, and make informed financial decisions.
Audit preparation
This involves preparing financial records for external audits, ensuring compliance with audit standards, and working with auditors to provide the information they need.
Software implementation and training
This involves helping businesses select and implement accounting and bookkeeping software, as well as providing training and support to ensure that users can effectively use the software.
Consulting services
This involves providing guidance and advice on various financial and accounting issues, such as mergers and acquisitions, financial restructuring, and risk management.
