cheering-implementation-team-accounting-services-bookkeeping-meeting

Our Blog

Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services

Monthly Bookkeeping: Understanding the Tasks Involved

Author : Bill Gerber
Comments: 0

When you were the owner of a smaller business, monthly bookkeeping may have been all you required to keep accurate financial records and projections. But now your company is growing and monthly bookkeeping—tasks like generating a monthly expense report—is just one aspect of bookkeeping tasks that seem to require every day attention.

If you need help, AccountingDepartment.com has QuickBooks certified bookkeepers on staff to handle daily, weekly and monthly bookkeeping needs. Here are just some of the services you’ll receive as part of your full-scale virtual accounting department on a monthly basis:

  • Credit Card and Bank Account Reconciliation
  • Record Individual Credit Card Purchase Transactions
  • Reconcile Payroll Plans (Cafeteria, Disability Insurance, HRA, Simple IRA, Vacation)
  • Maintain Vendor W-9 Information
  • Create Collections Process
  • Process Use Tax
  • Prepare Sales Tax Return

Important Monthly Bookkeeping Reports
It’s important that all these tasks be completed monthly in a timely manner to keep your business on track. That’s why AccountingDepartment.com has processes, procedures and deadlines in place to ensure that reports are filed—and received by you and all appropriate parties—in time.

You’ll also receive a number of important monthly statements that help you spot any “red flags,” places where your business could be in danger or areas where you may be able to improve. Keeping a close eye on these statements can help you prevent company fraud, assess which projects and investments are working best for your business, and make the appropriate adjustments to keep your business growing.

Monthly bookkeeping may not be all you need as a larger business—but it’s an important part of the bookkeeping process.

 
exit strategy alignment
New Call-to-action
New Call-to-action
New Call-to-action

Subscribe to Email Updates

Topics

View All

10 Signs Your Business Is Ready For Outsourced Accounting Services

Download