Bookkeeping

Daily general accounting functions including:

• Daily wire, deposit and merchant services posting
• Daily Customer Invoice and Billing, Payment/Recurring Payment Processing
• Daily entry of receipts into General Ledger and creation of any receivable items, maintenance of all GL customer accounts
• Accounts Payable and Vendor Management
• Merchant Services – Credit, Debit processing with GL interface
• Fixed Asset Management and Depreciation Maintenance
• Daily reconciliation of incoming cash items with GL and receivable accounts
• Daily entering of any payable items necessary to reconcile incoming cash
• Day end reporting of closing cash balances
• Currency Conversions

Month-end closing and financial reporting including:

• Bank reconciliations
• GL account reconciliations
• Account Receivable reconciliations
• Customer account reconciliation
• Prior Period reconciliation
• Journal Entry postings and accruals for taxes, distributions, etc.
• Reporting of payments not received and/or write off’s
• Preparation and delivery of Draft and Final Monthly Financial Reports
• Redundant maintenance of all financial reporting, reconciliation and back-up

Full support for annual external audit including:

• Engagement consultation
• Audit conferences and data/document preparation and delivery
• Communication and support with external auditors
• Research and reporting
• Entry of any necessary adjusting items

Year-end IRS reporting (or other foreign tax reporting entity)

• 1099’s and 1098’s as necessary

Financial Review and Ad-hoc reporting

• Additional services and consultation as necessary to support client’s financial performance internally as well as with associated partners and other venture partners, if any