Our Bookkeeping Services

Monthly Tasks

1. Recording Transactions: Enter all financial transactions into the accounting system, including sales, purchases, expenses, and payments.
2. Bank Reconciliation: Compare the company’s bank statements with its internal records to ensure all transactions are accurately reflected and to identify any discrepancies.
3. Accounts Receivable: Issue customer invoices, track payments received, and follow up on any overdue accounts.
4. Accounts Payable: Record vendor invoices, track payments due, and schedule payments to suppliers.
5. Payroll Processing: Calculate employee salaries, wages, taxes, and benefits, and ensure timely payment to employees and relevant authorities.
6. Inventory Management: Update inventory records to reflect purchases, sales, and adjustments.
7. Financial Reporting: Generate monthly financial statements, including the income statement, balance sheet, and cash flow statement, to provide insights into the company’s financial health.

Quarterly Tasks

1. Tax Preparation: Prepare and file quarterly tax returns, including sales tax, payroll tax, and any other applicable taxes.
2. Financial Analysis: Analyze financial data to identify trends, variances, and areas for improvement, and provide insights to management.
3. Budget Review: Review the company’s budget versus actual performance for the quarter, identifying any significant discrepancies and adjusting future projections accordingly.
4. Review of Accounts: Conduct a detailed review of accounts to ensure accuracy and identify any discrepancies or anomalies that need correction.

Annual Tasks

1. Year-End Closing: Close out the financial books for the year, ensuring all transactions are properly recorded and accounted for.
2. Financial Statement Preparation: Prepare annual financial statements, including the income statement, balance sheet, and cash flow statement, for external reporting purposes.
3. Tax Filing: Prepare and file annual tax returns, including income tax returns for the business and any required forms for employees and contractors.
4. Audit Preparation: Gather documentation and prepare for any external audits or reviews conducted by regulatory authorities or stakeholders.
5. Financial Planning: Assist with the development of the company’s annual budget and financial forecasts for the upcoming year.

By following this monthly, quarterly, and annual schedule, a bookkeeper helps ensure the company’s financial records are accurate, compliant, and provide valuable insights for decision-making.

In addition to Regular Bookkeeping and Records Cleanup and Recovery, we specialize in Bookkeeping for Construction Business, Bookkeeping for Property Management, and Bookkeeping for e-Commerce

Partnering with LedgerNauts means having a dedicated professional by your side, providing invaluable insights, and ensuring the financial health of your enterprise. Experience seamless integration, expert guidance, and peace of mind with our cloud-based bookkeeping services tailored to your needs.

At LedgerNauts, we pride ourselves on our exceptional ability to integrate diverse platforms and implement cutting-edge technologies to optimize financial records for our clients. Our team of professional bookkeepers is uniquely skilled in navigating complex systems and ensuring seamless integration across various software and tools. This expertise allows us to deliver customized solutions that streamline financial processes and enhance accuracy and efficiency. Whether integrating a new accounting platform, automating data entry, or ensuring compatibility between different financial systems, our commitment to leveraging technology sets us apart. It ensures our clients’ financial operations are always running smoothly and efficiently.