Our Full Service Bookkeeping Package includes the followings:

Accounts Payable

• Client to open mail and approve invoices
• Client scans and uploads approved invoices to Biz Inpower, Corp.
• Input vendor invoices to payable system
• Cut checks to vendors based on due dates or client instruction;
• Reconcile vendor statements to accounts payable ledger
• Reporting to organization on detailed aged payables and cash requirements
• Generate checks

Accounts Receivable

• Billings prepared as needed by Biz Inpower.Corp and mailed out (all billings provided to Client for approval prior to mailing)
• Client to prepare deposit slips, photocopy checks and provide to Biz Inpower
• Client to make bank deposits – Biz Inpower to prepare monthly bank reconciliations
• Collections to be done by Biz Inpower according to current Client procedures

Payroll

• Time cards, after approval, will be scanned and uploaded to Biz Inpower prior to payday
• Payrolls ready for signature and distribution
• Employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments
• Department summaries of month-to-date payroll data
• Timely and accurate notifications of tax liabilities and deposits
• Year end W-2 and 1099 forms

Inventory

• Client to provide Biz Inpower with a listing of all product numbers in inventory and a count of the number of each product. Biz Inpower can assist Client in obtaining this information
• Client to provide reports of inventory sold and inventory purchased (exact method determined by individual client needs and systems)
• Annual physical inventory to be taken by client with Biz Inpower assistance. Biz Inpower to reconcile physical inventories to accounting system inventory and prepares any adjustments necessary

Financial Reporting

• Balance sheet and income statement compared to budget provided 10 calendar days after each month-end
• Accounts Payable and Accounts Receivable aging provided after each check run
• Monthly job cost versus estimate for all completed jobs

Quarterly

• Payroll tax filings (941)
• Sales and use tax filings (for some clients this may be monthly for city business license and tax filings)