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Bookkeeping Services
Whether a home based, sole proprietor or other
small venture, all businesses will need to
manage records. You may have
questions such as:
What receipts
should I keep?
How do I separate
my business and personal assets?
How do I even know
if my business is making a profit?
What’s an eligible
expense and what’s not?
How do I set up
accounting software to track my business?
Many small business owners either don’t want to
or know how
to handle their business record keeping, or don’t
have time or like to do the “paperwork.” Cross
Systems, Inc. is a small business, too – and our
expertise is the creating of record keeping
systems
that keep your business financially organized.
As a Certified QuickBooks®
User, we can set up and manage your ongoing
bookkeeping including:
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Accounts
Receivable:
Enter new customer records. Prepare
invoicing for your work and appropriate
customer expenses. Track invoices for up to
date payments.
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Accounts
Payable:
Set up vendor
files and pay billing on time. Monitor cash
flow to keep a healthy balance of funds.
File the necessary 1099 reports to the IRS
and vendors.
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Inventory:
Set up
records of items in your business inventory.
Monitor shipping and receiving for products
or supplies. Analyze service and pricing.
Regular review of physical inventory.
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Payroll:
Employee
record maintenance. Preparation of
paychecks, employer taxes, and other
employer forms. Payment of estimated payroll
taxes for self-employed business owners.
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Account
reconciliation:
Regular balancing
of bank statements and credit card accounts
for accuracy.
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Financial
Statements/General Ledger:
Review of accounts for proper delegation of
expenses, income, depreciation, fixed assets
and other items in your business records.
Monthly, quarterly, and year-end reporting
on the state of your business finances.
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Budgeting:
Help
develop a budget plan for your small
business. Regular comparison of actual to
budgeted information.
Additional services:
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Tracking Tax
Liabilities:
Cross Systems,
Inc. will assist small business in
determining your tax liability based upon
sales, payroll, and type of business entity.
We will submit timely reports and payment
of tax liabilities to avoid penalties and
interest, including payroll, worker’s comp
and sales taxes.
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