Bookkeeping Services

Bookkeeping Services

Accurate and timely bookkeeping and maintenance of various day to day accounting books in order to record financial transactions such as sales, purchases, income and payments is essential in running a business. A simple data entry error can have a significant effect on the financial statement. Therefore, decisions made based on wrong numbers will definitely have a negative impact on your company. An effective accounting and bookkeeping process must be able to track and maintain your income and expenses as well as collect the necessary financial information for your various tax returns.

As a small business owner you have more important things to do than to keep your own books. Our Virtual Bookkeeping Service will take care of your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter our Bookkeeper or Virtual Bookkeeper will do the following things for you...

  • Reconcile your bank account
  • Generate an income statement
  • Generate a balance sheet
  • Clean up your general ledger
  • Provide unlimited consultations

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.  Our Virtual Bookkeeper will take care of this task daily, weekly, or monthly depending on your company's needs.

  • Having us reconcile your account each month allows you to...
  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

  • Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business is over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you...

  • Quickly get a handle on the financial strength and capabilities of your business.
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
  • Determine if your business is in a position to expand.
  • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
  • Determine if you need to take immediate steps to bolster cash reserves?
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage?
  • Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

We can add value by providing you with meaningful, well-organized financial records that ensure your business operations will run efficiently on a daily basis. Solid financial records are the foundation of a successful business. We can assist you with the day-to-day tasks associated with bookkeeping or take a leading role in your bookkeeping and financial administration.

Pricing Policy and Packages

AB Tax Accounting’s pricing policy is fixed, our quotes are not estimates. This means we charge your company a set price based on specific criteria.  When you receive a quote from us price is all encompassing and there will be no hidden costs or miscellaneous fees. You will know exactly what it will cost you prior to accepting the engagement.  Our quote is based on the information given.  We stand behind our quote. However, if the actual circumstances of the agreed upon engagement is different than the information initially given, we reserve the right to adjust the price accordingly.

Pricing: For a business with monthly expenses:

Under $15k.

Under $30k.

Under $75k.

For accountants and businesses with over $75k.




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TaxRole Bookkeeping & PayRoll Products / Features

  • QuickBooks Set-up

    Initial set-up of your accounting data file using QuickBooks desktop version or QuickBooks Online.

  • Bookkeeping Services

    Weekly, monthly, quarterly and yearly bookkeeping services.

  • Accounts Payable

    Coding, posting, billpay, reconciling, reporting, year end 1099′s and maintaining vendor master files.

  • Accounts Receivable

    Coding, posting of cash receipts & sales, invoicing, statements, reconciling, reporting, light collections by phone and mail as needed and maintaining customer master files.

  • Payroll

    Entering from your third party-payroll services.

  • Financial Reporting

    Balance, income/profit & loss, expenses, net worth reporting.

  • Job Costing

    Calculation of all time, material and expenses for jobs or projects.

  • Form Preparations

    Sales tax, property tax, State & Federal and Worker’s Comp

  • Year-End Tax Filings

    1099 filing, reporting and information returns