• Daily sales entry to correspond with bank deposits

• Proper accounting for Accrual basis bookkeeping
• Completed monthly financial statements by required due date

Bookkeeping for Franchise Owners

"Finally, a local small business with quality, accurate bookkeeping that is affordable!"- Anna Eshoo, I Am Yoga

Financial Reporting

• Analyze and post all bank activity

• Analyze and post all credit card purchases
• Reconcile all bank and credit card statements
• Prepare adjusting journal entries

• Reconcile general ledger balances to payroll tax returns

• Prepare annual W-2's
• Coordinate with your third-party payroll service provider

Payroll Services

• Process vendor invoices and credits

• Process vendor payments (check, online bill pay, etc.)
• Expense Tracking, including detailed A/P aging records

• Utilize vendor terms

• Year-end 1099 preparation

Balanced Books, LLP: Bookkeeping Services

Bookkeeping & Accounting

• 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

• Prepare and record all deposits

• Reconcile bank and credit card accounts

• Credit collections management

• Assist with cash flow planning

• Create sales invoices and credits

• Process customer payments

• Maintain detailed A/R aging records

• Collection services

Accounts Receivable

Accounts Payable

• Record all deposits

• Assist with cash flow planning
• Reconcile bank and credit card statements
• Accounts Payable
• Accounts Receivable
• Annual Budgeting
• Financial Reporting & Analysis

Management Tools

• 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

• Maintain detailed general ledger
• Ensure that balance sheet accounts have proper supporting documentation

Control Procedures

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

• 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

• 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​

• Prepare customized reporting packages
• Coordinate with the IRS for payroll reporting enquiries and the California State Board of Equalization for sales tax reporting enquiries

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.

In need of an accounting service not listed above?

Just ask us!

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: