Services

When I set up an account in QuickBooks Online (QBO) or Xero, I start by entering all the essential business details, selecting the right subscription plan, and configuring key settings like the chart of accounts, tax rates, and user permissions. This ensures the software is tailored to the business needs.

For accounts payable management, I monitor all vendor invoices, set up payment schedules, and process payments. This helps me manage my obligations efficiently while keeping an eye on cash flow.

I upload bank transactions into the accounting software by importing bank statements or using direct bank feeds. This helps me keep all the transactions recorded and categorized accurately.

I assign each transaction to the correct account. This process keeps the financial records accurate and makes reconciliation easier.

Processing payroll involves calculating and paying employee wages, handling taxes and deductions, and ensuring compliance with all relevant regulations. I also generate payslips and manage payroll reports.

I provide comprehensive income tax preparation services to ensure accuracy, maximize deductions, and minimize liabilities. With personalized support tailored to your financial situation, I help you navigate tax complexities and ensure timely, compliant filings.

I create and send estimates to potential customers and, once accepted, I convert those into invoices. I also generate invoices for completed work, monitor their status, and follow up to ensure I get paid on time.

When managing accounts receivable, I track all customer invoices, regularly check aging reports to spot overdue accounts, and implement strategies to collect payments promptly.

I handle purchase orders by creating them for suppliers, tracking the receipt of goods or services, and processing the corresponding bills. This ensures I record all procurement activities accurately and pay on time.

I manage inventory by keeping track of stock levels, managing reorders, and recording inventory transactions. This helps me maintain optimal stock levels and control costs.

For bank reconciliation, I compare my financial records with bank statements to identify any discrepancies. This ensures all the transactions are recorded accurately and my financial data is reliable.

I generate financial reports such as balance sheets, income statements  or profit and loss, and cash flow statements. These reports give me insights into the business's financial health and support my decision-making processes.