Existing Operation Service

Cost

Starting at $95/Week
Onboarding Included

Weekly estimated cost is for biz2globe accounting services.
It does NOT INCLUDE the monthly cost for your accounting programs and any other services required.

Weekly

  • Daily Bookkeeping: Maintain accurate and up-to-date financial records with daily transaction entries, ensuring your books are always current.
    Sales Reconciliation: Verify and reconcile daily sales data to ensure accuracy and completeness, identifying any discrepancies promptly.
  • Cash Reconciliation: Monitor and reconcile cash transactions to maintain accurate cash flow records and ensure financial integrity.
  • Payroll Processing: Manage weekly payroll processing to ensure timely and accurate payment of wages to employees.
  • Accounts Payable (AP) Management: Oversee AP processes, ensuring timely payment of invoices and proper management of vendor relationships.

Monthly

  • Bank and Credit Card Reconciliation: Reconcile bank and credit card statements to ensure all transactions are recorded accurately and discrepancies are addressed.
  • Ageing Analysis: Conduct ageing analysis of receivables and payables to monitor outstanding amounts and manage cash flow effectively.
  • Payroll Processing: Manage monthly payroll processing, including tax withholdings and benefits administration.
  • Monthly P&L and Balance Sheet: Prepare detailed monthly Profit & Loss statements and Balance Sheets to provide a clear view of financial performance.
  • Sales Tax Calculations: Calculate and report sales tax liabilities to ensure compliance with tax regulations.

Quarterly

  • Quarterly Percentage Analysis: Perform in-depth percentage analysis to evaluate financial performance and identify trends over the quarter.
  • Month-on-Month Comparisons: Compare financial performance month-on-month to track progress, identify anomalies, and make informed decisions.

Yearly

  • Year-End Accounts Finalization for Tax Filing: Finalize year-end accounts, ensuring all financial statements are accurate and complete for tax filing purposes.
    Annual Financial Statements Preparation: Prepare comprehensive annual financial statements, providing a complete overview of your business’s financial health.
  • Tax Filing Preparation: Ensure all necessary documents and records are prepared for smooth and timely tax filing.
Biz2Globe