Review financial results each month
- Develop budgets and forecasts
- Work with your tax provider to complete annual income tax preparation, as well as audit support
- Prepare customized reporting packages
- Coordinate with the IRS for payroll reporting enquiries and the California State Board of Equalization for sales tax reporting enquiries
Balance sheet reporting (monthly, quarterly, annual)
- Income statement (monthly, quarterly, year-to-date)
- Financial comparison to budget and prior year
- Job cost reporting
- Custom reporting
Credit collections management
- Assist with cash flow planning
Cash Management
Process periodic payroll (weekly/biweekly)
- Post entries to record gross payroll, employer taxes and other payroll expenses
- Prepare quarterly and year-end payroll tax returns
Create sales invoices and credits
- Process customer payments
Utilize vendor terms
- Year-end 1099 preparation
Data Entry & Prior Transaction Clean-up
- Assist with special projects
- Prepare Year-end 1099's and property tax returns
- Provide your tax accountant with complete and accurate Year-end records
- Payroll Transactions
- Payroll & Sales Tax Reporting
Balanced Books, LLP: Bookkeeping Services
Bookkeeping & Accounting
Our Services
In need of an accounting service not listed above?
Just ask us!
Case Studies:
Balanced Books can help improve your accounting processes, including transaction automation! Whether you have identified a process gap that needs revamping or just want to evaluate your current accounting system, we can provide you with tools and support to enhance your business. We also provide software support for most accounting programs, including staff training.
Management Tools
Control Procedures
Prepare and record all deposits
- Reconcile bank and credit card accounts
Reconcile general ledger balances to payroll tax returns
- Prepare annual W-2's
- Coordinate with your third-party payroll service provider
Payroll Services
Maintain detailed A/R aging records
- Collection services
Accounts Receivable
Accounts Payable
Process vendor invoices and credits
- Process vendor payments (check, online bill pay, etc.)
- Expense Tracking, including detailed A/P aging records
Record all deposits
- Assist with cash flow planning
- Reconcile bank and credit card statements
- Accounts Payable
- Accounts Receivable
- Annual Budgeting
- Financial Reporting & Analysis
Analyze and post all bank activity
- Analyze and post all credit card purchases
- Reconcile all bank and credit card statements
- Prepare adjusting journal entries
- Maintain detailed general ledger
- Ensure that balance sheet accounts have proper supporting documentation
Financial Reporting
Bookkeeping for Franchise Owners
Our bookkeeping services can be customized to fit the needs of your business. From partial services to full service, we are your one-stop outsourced bookkeeping and accounting specialists. Balanced Books offers the following services:
Daily sales entry to correspond with bank deposits
- Proper accounting for Accrual basis bookkeeping
- Completed monthly financial statements by required due date
Maintenance of franchise specific chart of accounts
- Financial statement upload to unique portal
- Coordinate with Franchise owner to input, review and complete the monthly bookkeeping process