Consultance works with organizations that do not have an in-house accounting resource and need help streamlining and improving the accuracy of day-to-day bookkeeping tasks.

For these clients, Consultance offers Full-Service Bookkeeping to handle, on a daily basis, all invoices and statements, accounts payable, cash receipts and disbursements, payroll, bank reconciliations and recurring reports.

Consultance’s Full-Service Bookkeeping includes:

  • Full-Charge Bookkeeper
    • Enters daily accounting transactions – vendor bills, customer invoices, bill payments, customer payments and deposits, and other disbursements and withdrawals.
    • Maintains complete and up-to-date detailed Accounts Receivable, Accounts Payable and cash account ledgers and provides daily or weekly reports on these and other critical areas of business management.
    • Either processes payroll or makes the necessary entries to record payroll processed by a third-party provider. In either case, payroll entries will include complete recording of gross wages, employer tax and other payroll expenses, and payroll liabilities
  • CPA/Controller
    • Supervises and reviews bookkeeper
    • Reviews of the Daily Status Report (DSR) sent by bookkeeper
    • Conducts monthly appointment with bookkeeper to close the books
    • Produces timely/accurate financial statements and management reports
    • Ensures all revenue earned during the period has been recognized, as well as the associated expenses
    • Provides Accrual Basis Reporting (including prepaid expenses, accrued expenses, accrued payroll, deferred revenue)
    • Reconciles all Balance Sheet Accounts
    • Provides Financial Dashboard Maintenance
    • Provides Phone Consultation
  • Access to CASflowSM — Consultance’s paperless client service system
    • Approve payments online
    • Process and pay invoices online
    • Generate real-time reports

Client Requirements

  • Record Sales Invoices
  • Record Customer Payments
  • Record Vendor Invoice
  • Record Vendor, Debit Card Transactions, Pay Pal & EFT Payments
  • Weekly Accounts Receivable Aging Report
  • Weekly Accounts Payable Aging Report
  • Record Payroll / Payroll Taxes / Payroll Fees
  • Track Employee Advances
  • Prepare Bank Account Reconciliation
  • Record Individual Credit Card Purchase Transactions
  • Prepare Credit Card Reconciliation
  • Maintain Vendor W-9 Information
  • Email/Mail Customer Statements
  • Prepare Sales and Use Tax Return
  • Prepare Financial Reports:
    • Balance Sheet
    • Profit and Loss Statement – Month
    • Profit and Loss Statement – Year-to-Date
    • Cash Flow Statement
    • Accounts Receivable Aging
    • Accounts Payable Aging
    • General Ledger
    • Bank Reconciliation Report
    • Credit Card Reconciliation Report