At Mind Your Assets, we understand the importance of having the accurate financial information needed to drive your business forward. We are committed to providing meticulous attention to detail in every aspect of your bookkeeping, from data entry to reporting, ensuring that your finances are organized and up-to-date.
With our expertise, you can focus on growing your business while we take care of the numbers.
Data Entry and Bank Account Reconciliation
- Accurate data entry of all financial transactions into QuickBooks, ensuring completeness and correctness.
- Thorough reconciliation of bank and credit card accounts to identify and resolve discrepancies promptly.
- Ongoing monitoring of transactions to maintain up-to-date financial records and prevent errors.
Tracking Fixed Assets
- Comprehensive tracking of fixed assets, including additions and disposals, to ensure accurate financial reporting.
- Calculation and recording of depreciation expenses to reflect the true value of assets over time.
- Customized reporting on fixed asset status and depreciation schedules for better decision-making.
Making Journal Entries
- Expert creation of journal entries to accurately reflect financial transactions and adjustments.
- Careful categorization of entries to ensure compliance with accounting standards and tax regulations.
- Regular review and analysis of journal entries to maintain data integrity and accuracy.
Accounts Receivable and Accounts Payable Updating
- Timely updating of accounts receivable to track outstanding invoices and ensure prompt payment from customers.
- Efficient management of accounts payable to monitor vendor invoices and schedule payments accordingly.
- Regular reconciliation of accounts receivable and accounts payable balances for accurate financial reporting.
Making Payroll Entries
- Precise recording of payroll transactions, including wages, taxes, and deductions, to maintain payroll accuracy.
- Dedication to compliance with federal, state, and local payroll regulations to avoid penalties and fines.
- Seamless integration of payroll data into QuickBooks for streamlined financial management.
Month-End Reporting
- Preparation of detailed month-end financial reports, including income statements, balance sheets, and cash flow statements.
- Analysis of financial performance to identify trends, variances, and areas for improvement.
- Customization of reports to meet the specific needs of small businesses in the greater Philadelphia area.
Third-Party App Integration
- Integration of third-party applications with QuickBooks to enhance functionality and efficiency.
- Selection of compatible apps tailored to the unique needs and goals of small businesses.
- Training and support for utilizing integrated apps effectively to streamline business processes.
Additional Tasks, as Needed
- Flexibility to handle additional tasks and responsibilities based on the specific requirements of each small business.
- Collaboration with clients to understand their individual needs and provide personalized solutions.
- Dedication to delivering exceptional service and exceeding client expectations for financial management support.
