Record cash receipts from customers, pay vendors, invoice customers and recording purchase receipts are examples.
Review unpaid vendors, pay vendors. Create invoices to bill customers. Forecasting how much money is needed in the upcoming weeks and months. This gives you the power to make informed business decisions.
Reconcile your bank accounts to the bank balance to assure that all transactions are accurate and accounted for.
Your profit and loss statements for the month and year-to-date help you see how much you have earned and how much money you have spent. This gives you the information so that you can make changes as necessary.
You will have access to your account 24/7 so you can see exactly what your status is whenever you need it.
Your financial status for the current month's assets and liabilities compared to previous month helps you manage them and alert you to any dramatic changes.
Review unpaid vendors, tracking billing dates, amount due and payment due dates to avoid late fees. Issue checks as necessary or pay your bills online, whichever is your preference.
Create invoices to bill customers for work done. Send statements which include itemized charges , payment terms, late charges and penalties as necessary as well as accepted forms of payment.
Pay your employees and assure that you meet payroll tax requirements based on federal, state and local. Withhold report and deposit applicable social security, medicare, income tax and disability taxes on a timely basis.
Provide accurate year end information from your financial reports with receipts and documentation as necessary.