Business Services

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date. Having us reconcile your account each month allows you to. Identify lost checks, lost deposits and unauthorized wire transactions. Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank. Detect and prevent embezzlement of funds from within your company. Know how your business is doing? You can’t really know unless all accounts are reconciled and properly accounted for on your financial statement. Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you. Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists. Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. An income statement allows you to:
Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time. A balance sheet helps you:
Quickly get a handle on the financial strength and capabilities of your business.
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
Determine if your business is in a position to expand.
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
Determine if you need to take immediate steps to bolster cash reserves?
Determine if your business has been slowing down payables to forestall an inevitable cash shortage? Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books. Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and kept in tip top shape.

Provide unlimited consultations

As a client of our firm Accounting Revenue Service, Inc, you can count on or professional staff for all the necessary consultations needed before and after doing accounting or tax matter decisions. We will be more than happy helping you in order to take the best solution, according to your situation or your needs.

Tax planning

Is a systematic evaluation of finances and investments, to reduce the tax burden in a legitimate way. It involves understanding the tax implications of various cash inflows and outflows such as salary composition, property income, home loan, investments, sale or purchase of assets, gifts and interest-bearing deposits, to draw up an appropriate investment strategy that allows realization of financial goals while at the same time reducing tax liability to minimum. The best way to do so is with help from experienced tax professionals. Take guidance from friends and family with a grain of salt, as they are probably not up to date on the latest changes in tax law and new opportunities for saving money.

Payroll Services

Includes calculating paycheck and tax obligations for each employee. Paychecks can be issued as often as you need – weekly, bi-weekly, monthly, semi-monthly, and even annually. We either issue the checks or make the calculations for you to do it. We also take care of taxes required to be paid to federal and state taxing authorities as a result of paying employees, and we send the required documentation and forms needed for each period.

Tax preparation

Is the process of preparing tax returns, often income tax returns, for a corporation. United States income tax laws are considered to be complicated and many corporations lose money for not preparing their taxes with a licensed professional tax return preparer. It’s important to consider the tax implications of each decision you make, now and into the future, how and when you make investments to grow your business is often determined by what the tax consequences are.

Inventory control

Successful inventory management involves creating a purchasing plan that will ensure that items are available when they are needed (but that neither too much nor too little is purchased) and keeping track of existing inventory and its use. Two common inventory-management strategies are the just-in-time method, where companies plan to receive items as they are needed rather than maintaining high inventory levels, and materials requirement planning, which schedules material deliveries based on sales forecasts.

Account Payable

Are debts that must be paid off within a given period of time. In other words Accounts Payable is short-term debt payments to suppliers and banks.

Accounts Payable are not limited to corporations. At the household level, people are also subject to bill payment for goods or services provided to them by creditors, like the phone company, the gas company and the cable company those are types of creditors. Each one of these creditors provides a service first and then bills the customer after the fact.

Each demands payment for goods or services rendered must be paid accordingly. If people or companies don’t pay their bills, they are considered to be in default.

Account Receivables

Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for. Receivables usually come in the form of operating lines of credit and are usually due within a relatively short time period, ranging from a few days to a year.

If a company has receivables, this means it has made a sale but has yet to collect the money from the purchaser. Most companies operate by allowing some portion of their sales or services to be on credit. These types of sales are usually made to frequent or special customers who are invoiced periodically, and allow them to avoid the hassle of physically making payments as each transaction occurs.

Commercial Address & Mailing Box

Rental prices for Professional Office:

• Hourly, $25.00 an hour
• Daily, $130.00.
• Weekly $400.00.
• Monthly $800.00

Office hours in all cases are from 9.30 AM to 5.30 PM.
Extra hours are upon previously notified request and at additional rates.

The Rent of this Office will include:

• Electricity
• Water
• Internet
• A Telephone Line
• Fax Service
• Photocopy Service
• Scanner Service
• Desk for a Person
• Conference Room for 6 Persons

The option of monthly rent includes commercial address with mailing box, with physical address (Not PO Box).

Mailing Box Prices:

First Option:

• $25.00 Monthly.

Includes:

• Commercial address (Not PO Box).
• Physical address (Not PO Box).
• Private mailing box.
• Placement of mail in your mailing box.

Second Option:

• $30.00 Monthly.

Includes:

• Commercial address (Not PO Box).
• Private mailing box.
• Opening, scanning and sending email of the mail received.
• Placement of mail in your mailing box.

Sales taxes calculation and payments

A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow (or require) the seller to collect funds for the tax from the consumer at the point of purchase. Sales tax is complicated. In Accounting Revenue Service Inc we help you to make it easy. We reduce audit risk with accurate sales tax services that make it simple to calculate rates, file forms and remit payments.