For small and medium-sized businesses with turnover or sales less than $10 Million per year:
1. Choosing the best accounting software as per the needs of the Business.
2. Understanding the Business of the client
3. Setting up the Chart of Accounts, Class tracking, Working Process, and frequency of updating
books, client-specific requirements, etc
4. Setting up Recurring tasks in our Project Management system and assigning correct due
dates.
5. Executing recurring tasks and making sure all the tasks are delivered on time.
6. Monthly/Weekly Bookkeeping discussion on Financials and suggestions for improvements
from both sides.
7. Preparation of 1099 and W9 forms
8. Preparation of year-end accounts for the Owner’s review.
9. Drafting and finalizing tax liability after considering all the possible tax deductions.
10. Finalization of Tax return and submission of Tax returns.
