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Accounting Services
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The Importance of Having a Good Accounting System
Having a good accounting system is absolutely necessary for a business
to become successful. The accounting system provides crucial financial
reports about business operations and profitability. Without a good
accounting system, a business is operating in the dark.
Accounting Software Selection and Implementation
Our Firm provides accounting system design
and implementation services. We can set up new accounting systems for
startup companies or evaluate and improve upon already-existing accounting
systems. After implementation, our professional accountants can provide
follow-up training and monitoring, either on a monthly-basis or as needed.
We have consultants on staff who are certified in QuickBooks Accounting and Peachtree Accounting,
the two most popular accounting programs used by small businesses. We also
provide onsite custom training and classroom training throughout the year. For
more information on these products and service click here
QuickBooks Accounting Training,
Peachtree Accounting Training.
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Benefits of Onsite Accounting Services
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At the Allday Consulting Group, we realize the importance
of providing accounting and tax services at out clients’
place of business. Proving services onsite allows us to:
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See your business operation first-hand. This gives us a
better understanding of your business and its uniqueness.
It also allows us to better understand the individual needs
of the owner and the employees of the business.
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Work directly with the people who are doing the accounting work. This allows us to
reduce errors and duplications and implement improvements to the accounting system.
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Revise accounting records while onsite, reducing turnaround
time for your much-needed financial reports. Also, knowing
that an independent accountant has reviewed your accounting
records, will give you peace of mind that they are being properly
maintained.
Note - A review of accounting records does not guarantee that
it will uncover theft or embezzlement, but if such activity is
discovered, we will bring it to your attention.
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Create a relationship with the business owner built on respect
and trust. This respect and trust assists us in providing
“value-added” services such as tax reduction, retirement
planning, wealth building and more……..
Our CPAs can come to your place of
business and help you with preparing monthly financial
statements, general ledgers, journal entries, income tax
reporting, payroll tax filing and reconcile bank accounts.
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Onsite Accounting and Tax Filing Services
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Cash Flow Management Services
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Accounts Receivable Management
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Invoicing customers
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Recording customer payments
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Preparing and making bank deposits
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Sending customers balance-due statements
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Sending collections letters
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Produce accounts receivable reports
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Accounts Payable Management
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Entering invoices from suppliers and vendors
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Verifying cash balances are adequate to pay bills
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Printing reports of bills due
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Obtain approval for payment of bills due
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Printing and mailing checks
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Produce accounts payable reports
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Bank Account Management
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Update bank registers for bank deposits and checks written
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Record automatic bank drafts, debit card transactions, miscellaneous bank charges and miscellaneous credits
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Reconcile bank statements
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Cash Flow and Budget Analysis
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Our firm offers expert cash flow and budget analyses
that can help you minimize cost overruns, recover lost
purchase discounts and reduce uncollectible receivables.
We can even produce reports that compare the cash flow
of your business to the averages of other businesses in your industry.
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General Ledger Maintenance
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We can review your general ledger for proper recording of
deposits, checks, credit card and debit card transactions.
We can perform or review your bank account reconciliation
and advise you of any adjustments needing to be made to
your general ledger. We can prepare journal entries to
record the acquisition, deprecation and sale of capital assets.
We can record your investing, borrowing and financing activities.
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Financial Statements
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Financial Statements measure the success of your business. Somewhat like a
report card, your financial statements will show areas of
success while pointing out those areas needing improvement.
Financial Statements can be prepared that will compare the
financial results of your business to those of previous years,
to budgeted amounts or to the financial results of other
businesses in your particular industry.
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Sales Tax Return Preparation
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Filing sales tax returns, especially in Louisiana, is an
unpleasant and time-consuming task. Mistakes are
easy to make and it doesn’t bring revenue to your
bottom line. Allowing a professional to prepare your
sales tax returns will allow you to focus on the more
important aspects of your business.
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Year End Services
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Prepare Occupational License Tax Renewal
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Prepare Annual Personal Property Tax Report
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Prepare/Review Employee’s W-2’s & W-3 Transmittal to SSA
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Prepare/Review 1099’s for all Contract Labor & 1096 for IRS Filing
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