Bookkeeping & General Ledger Services for Businesses

Service Overview

As a leading provider of accounting services, we offer a comprehensive range of outsourced QuickBooks bookkeeping and tax preparation services. Our services include managing accounts receivable and accounts payable, conducting reconciliation, bookkeeping services, and providing management reporting. We understand that accurate financial reporting is crucial for your business’s success, and we are committed to delivering high-quality accounting services that meet your specific needs.

Bookkeeping and Accounting Services For Businesses

At our bookkeeping and accounting services for businesses, we offer reliable and accurate financial management solutions to help you streamline your financial processes and make informed business decisions. Our team of experienced bookkeepers and accountants are well-versed in the latest bookkeeping and accounting software, including QuickBooks and Xero, and can handle a wide range of financial tasks, including accounts payable and receivable, bank reconciliation, financial reporting, and tax preparation.

Bookkeeping Services For Business

We offer online bookkeeping services with considerable experience in bookkeeping and accounting. We add value to outsourced bookkeeping by attaining customer’s satisfaction. The services which we offer are as follows:

Double entry bookkeeping

Trial balance finalization

Setting up charts of accounts

Customized bookkeeping solution available

Perform year-end closings

Accounts Receivable Outsourcing

We offer outsourcing accounts receivable services. These services allow us to focus on core activities, increasing profitability and productivity. Our services include:

  • Record and account for revenue
  • Maintain client bills and statements
  • Reduce daily sales outstanding
  • Maximize financial liquidity
  • Reduce operational and administrative costs
  • Prepare collection and cash flow management
  • Customer creation and updates
  • Booking of receipts

Accounts Payable (AP) Outsourcing

Accounts payable outsourcing services integrate and manage supplier-facing processes, minimizing investments in infrastructure, administration, human resources, and IT setup. It greatly simplifies the accounts payable process, providing the following benefits:

  • Reduce accounts payable processing cost
  • Greater supplier satisfaction
  • Customized reporting
  • Integrate and manage supplier-facing processes
  • Supplier network management
  • Exception resolution
  • Multi-level invoice validation
  • Bank/Credit Card Reconciliation

Reconciliation

Reconciliation helps update the cash position of the company at regular intervals. Reconciliation includes the following points:

  • Clear outstanding payments
  • Clear deposit taxes
  • Quick and precise matching of company’s book and bank balances
  • Prepare details of variances
  • Verify consistency of balances
  • Reconcile receivable accounts
  • Reconcile payable accounts

Payroll Services

Payroll services play an essential role in small businesses, helping in various ways:

  • Payroll sheet and paycheck creation
  • Calculation of Federal dues (taxes) and check creation
  • Calculation of State dues (taxes) and check creation
  • Form 940 – Quarterly
  • Form 941 – Annually
  • Reporting and filing W2 and W4
  • Employee insurance deductions

Management Reporting For Business

Financial reporting and analysis enable management to evaluate the company's progress in various business activities. Accounts payable and accounts receivable management reporting involves the following points:

  • Revenue and profit forecasting
  • Monthly accrual postings
  • Year-end and month-end
  • Real-time report updating
  • Profit and loss statement
  • Cash flow statement
  • Empower outsourcing partners

Fixed Assets Accounting and Management

Fixed assets and accounting outsourcing to businesses is also one of the important services that we offer to CPAs. This includes the following points:

  • Real-time report updating
  • Reporting solutions available
  • Management reporting within the budget
  • Expense and overhead analysis

At work mania, we offer a wide range of accounting, payroll, and tax calculation services designed to streamline your business operations while reducing costs. Our outsourced solutions are tailored to meet the unique needs of your business, providing access to a pool of resources working round the clock to deliver high-quality services. By availing our services, you can avoid the expenses of hiring full-time bookkeepers and accountants internally or locally. We offer cost-effective solutions that enable you to free up valuable resources and focus on growing your business. Our team of qualified and experienced professionals is well-versed in the latest accounting software and tools, ensuring accuracy and efficiency in every task.