Business process outsourcing (Bookkeeping)
Services
Virtual Bookkeeping
Our Virtual Bookkeeping or Business Process Outsourcing (BPO) staff will ‘own’ the functions of recording your company’s financial transactions. Ensuring that your data entry is recorded accurately, and that your reconciliations are second to none. No longer will you spend countless hours trying to get your books caught up and then realize… you forgot to run payroll.
A la Carte Services
Payroll Management
Cash Management
Accounts Payable
Accounts Receivable
Employee Expense Tracking
Requirements
- Selection of one of our Virtual CFO service level tiers.
- Online payroll processing or 3rd party payroll processor using one of our preferred providers
- Hosted QuickBooks Premier, QuickBooks Enterprise OR Procas online accounting systems
- Must use electronic timekeeping importable into QuickBooks desktop version or Procas’ timekeeping module
Definitions
Accounts Payable (automated)
Accounts payable automation eliminating the need for paper checks, importing bills, confirming coding on automated bill transmitted
Accounts Receivable
Preparing customer invoices according to contract terms via the accounting system or customized in Excel, uploading invoices to WAWF, entering customer payments, monitoring & reporting on collections, reconciling retainers & customer deposits, sales tax exemption administration; weekly reports on invoices, receipts, finance charges assessed, and overdue invoices
Cash Management
Importing & categorizing bank and credit card transactions, manually entering bills and bill payments, bank and credit card reconciliations, line of credit reconciliation, W-9 maintenance and 1099 reporting, weekly reports on transactions and upcoming bills
Employee Expense Tracking
Entering employee expense reports, confirming reimbursements
Payroll Management
Importing timesheets, process live payroll online, entering payroll transactions into accounting system, reconciling payroll taxes to 3rd party reports, reviewing payroll liabilities, updating retirement funding transmittals, reconciling PTO and retirement; monthly reports for payroll processing, leave schedules, and retirement funding