An employee performs work for you under your direct or indirect supervision, during hours that you specify and conditions you control. You also withho...
For Independent Contractors:
- Have each Independent Contractor fill out a W-9 prior to paying them. (See appendix, page 32 for sample) If the contra ...
Financial statements will generally be prepared on the basis of accounting that is used for tax purposes. A sample Accountantā€™s Report required to be ...
If you maintain an ending balance, your Bank Reconciliation will include any adjustments you need to make. When you receive your bank reconciliation i...
After entering all transactions for the month, you will need to send us your QuickBooks file. Please do not make any changes to prior periods after se...
We use a standard chart of accounts that can be modified to fit your individual needs.
If you are using a manual bookkeeping system, we will have you...
For Paper Statements:
In order for us to better serve you, we ask that you sign a Bank Statement Change of Address Authorization Form. (See Appendix ...
Bank statements, all cancelled checks and bank deposit records should be kept for three years. Cancelled checks for taxes and contracts should be reta...
Debit cards are highly discouraged for business use for various reasons:
- It is extremely difficult to maintain an accurate checking account balance ...
Electronic transactions include electronic bill payment systems and vendor generated debits to your account. Details for these transactions need to be...
You must use a separate business credit card for business purchases. Do not use your personal credit card. The IRS does not approve of mixing business...
If you are an accrual basis taxpayer or need accounts payable listed on your financial statements for your bank, you must provide us with a list of yo...
