Accounting Services
Comprehensive Accounting Solutions for Diverse Industries
A&C’s Accounting Services consists of a seasoned professional staff that assists a variety of clients ranging from startup entrepreneurial enterprises that do not require a full-time accounting staff up to large, midsize Corporations in diverse industries including, real estate management, medical services providers, data security, non-profit, restaurants services, education, and software development. Select accounting services include:
Entity Formation
Service starts with an in-depth meeting involving A&C’s Tax and Accounting teams to determine client’s goals and needs personally and for the entity and identify any unique circumstances that would impact the business formation. After the entity is created, an analysis will be performed to ensure all proper registration filings are performed and in place. Service can also include Quick Books setup (discussed below) and financial statement creation (discussed below).
General Accounting
Back-office Accounting/Bookkeeping services tailored to the specific client’s individual needs. A&C’s Accounting Services provides an alternative for smaller, growing businesses that require accounting help without having to hire a full-time staff as well as providing oversight and expertise to larger firms with established accounting departments. Services can include some or all of the following: Bank and Account Reconciliations, Journal Entry Processing, Financial Statement Design and Preparation, Accounts Payable/Receivable Processing and Payroll Services.
A&C can setup and maintain clients records in QuickBooks Desktop or QuickBooks Online environments depending on the client needs. Including automatic bank and credit card feeds, chart of accounts setup and mapping, and financial statement design and creation.
Full services up to entering invoices and making authorized payments to vendors to entering invoices and posting collections from customers. The client has to approve and sign off on all checks and payments.
Reconciling the client records to external documentation including cash accounts to banking data, credit card accounts to statements, and loan account balances to amortization schedule or lender documentation.
Amount of journal entries be tailored to the client’s needs from a few select accounts or up to full cycle monthly close.
Assisting start-up enterprises with beginning chart of accounts and financial statement mapping to comply with industry best practices. A&C can assist with providing Prepared and/or Compiled financial statements.
Payroll Services
A&C can assist clients with entering and processing the client’s payroll using third party payroll processing services, recording resulting payroll entries to the client financials on a timely basis, and timely filing of client state and federal payroll taxes on a quarterly and annual basis as well as annual W2 filings for client’s employees.
Regulatory Filings
Including Business Personal Property Tax Renditions, sales and use tax returns and annual 1099 filings.
- 1099 – Annual electronic filing with the IRS for qualified vendors/contractors.
- 1096 – Annual electronic filing with the IRS for the client.
- W-2 – Annual electronic file with IRS for all eligible employees, whether A&C processes the client payroll or not.
- Sales Tax – Includes preparation and electronic sale and use tax filings with appropriate state taxing authority per filing schedule (monthly, quarterly, etc.)
Virtual CFO/Controller Services
A&C can be the business partner a growing entrepreneur needs to manage the accounting and reporting function of the business, so they can focus more on operations and growing their business. This affords the client the convenience of having accounting leadership and expertise at hourly rates as and when the service is required as opposed to the burden or hiring a full time individual or staff.
Let’s Talk
Schedule a consultation with our experienced consulting team today and discover tailored strategies to meet your goals and support your business growth.