First of all,
K&M Ledgers is not an automated system that uses the same algorithm for every business owner.
We work with you and get to know your specific bookkeeping needs.
As a virtual bookkeeper, we wouldn’t need to be on payroll, benefits or even require desk space! Everything is cloud-based meaning easy access, any time.
STEP ONE:
Let’s have a discovery meeting.
We find out about your business and how we can help. Then we would get you started, up-to date, or fix any bookkeeping issues you may have.
After that, we continue to ensure your financial data is accurate so you have an easy understanding of where your business sits financially.
Initial Set Up
Set up your business in QuickBooks online to include importing your information from the current system you are using.
Amortization
Loans will be verified and recorded with amortization schedule reflected correctly.
Payroll Entries
Record and expense employee earnings based on payroll reports.
Tax Prep
Annual tax statements will be prepared and provided to your CPA
Report Review
Regular conference to review financial statements:
Balance Sheet, Income Statement, & Statement of Cash Flows
Adjusting Journal Entries
We work with your CPA and post Adjusting Journal Entries to match year-end changes.
Clean Up & Catch Up
Historical clean Up or corrections and getting your books up to date.
Maintenance
Your daily activity is recorded and organized with a custom Chart of Accounts.
Accounts Payable
Bill Pay Service
Monthly Reconciliation
Transactions are matched to statements. Balances are managed monthly.
Assets
All assets will be kept up to date and depreciation/amortization determined by your CPA will be recorded appropriately.
Benchmarking and Budgeting
Financial ratios and analysis discussion.