• Input vendor invoices to payable system

• Classify invoices to the proper G/L account

• Request and maintain vendor W-9 information

• Maintain vendor master files

• Respond to vendor inquiries about payment status

• Retrieve copies of payments as necessary

• Prepare and file required 1099 forms

• Process requests for stop payments when necessary

• 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

• Year end 1099 forms   Read More

• Billings prepared as needed by Simple Solutions and mailed out (all billings provided to Client for approval prior to mailing)

• Record and account for revenue

• Input receivable transactions into the accounting system

• Prepare and deliver periodic statements

• Issue client-approved credit memos and refund checks

• Maintain subsidiary receivables ledger

• Process client-approved adjustments

• Apply cash received to customer accounts and resolve “short pays”

• Light phone collections as needed by client

• Client to photocopy checks and provide to Simple Solutions

• Client to prepare deposit slips (provide to Simple Solutions) and make bank deposits   Read More

Cash Management

• Process daily sales and deposit reports

• Verify daily deposits and report variances

• Reconcile and verify credit card deposits

• Reconcile monthly bank statements

Inventory

• Client to provide Simple Solutions with a listing of all product numbers in inventory and a count of the number of each product. Simple Solutions 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 Simple Solutions assistance. Simple Solutions to reconcile physical inventories to accounting system inventory and prepares any adjustments necessary.

Fixed Assets

• Classify, capitalize, and record fixed assets items and capital expenditures (additions, transfers, retirements)

• Calculate and record depreciation and amortization

• Maintain depreciation schedules   Read More

• 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

• Reports are customized for Client’s specific requirements Provide a “Mock’ profit and loss statement and Balance sheet just prior to period closing and discuss variances with client

• Provide weekly sales and ranking reports

• Handle escheatment as instructed by client

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

• Payroll tax filings (941)

• Time cards, after approval, will be scanned and uploaded to Simple Solutions prior to payday

• Simple Solutions completes payroll and client prints, signs and distributes paychecks

• Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments

• Prepare department summaries of month-to-date payroll data in addition to customized reports specific to Client

• Prepares timely and accurate notifications of tax liabilities and deposits

• Completes Year end W-2 forms

• Respond to requests for employee verifications

• Process and submit garnishment payments

• Respond to employee payroll inquiries

• Prepare and file new hire reporting to state

• Prepare, file, and pay all Federal, State, and local payroll taxes

• Reconcile health insurance payments and make payroll deductions when required

• Prepare necessary HR reports such as turnover

• Allocate payroll expenses for multi-store employees

• Prepare and process payroll accruals when necessary

There are times during a company’s life that it may find that accounts have become "unruly". Reconciliation of the accounting ledger is required in such a way as to resolve each account whilst maintaining the goodwill of your customers and releasing valuable internal resources.

Bank Reconciliation can again be treated as a part of General Accounting function or it can be treated as a Separate function. It includes reconciling the bank accounts at the end of each period, which can be a month, every quarter, or a year. We perform the following services for account reconciliation:

·  Cash Reconciliation

·  Balance Sheet Reconciliation

·  Bank Reconciliation

·  Position Reconciliation