Bookkeeping Services

Small and medium sized companies are hiring our services as a strategy in their business planning. It's a strategy that lets the company focus on improving client service -- producing better products -- and do a better job overall, in a more cost-effective way.  Our model works well for those businesses that do not wish to implement a full time accounting department. Our model is a turn-key solution with up to 50% off on accounting software, and services that can be tailored to your business needs that could include; 

  • Processing accounts payable
  • Processing payroll and applicable reporting
  • Billing and maintaining accounts receivable
  • Sales tax reporting
  • Assisting with cash management
  • Assisting with budgeting
  • Reconciling cash and other balance sheet accounts
  • Maintaining fixed assets records
  • Providing monthly financial reports

This model has several variations depending upon individual client needs and wants.  


Accounts Payable

Without up to date data in accounts payable, a business will lack visibility into how much, how often and when they pay their suppliers. This can hamper you from choosing the most advantageous payment terms or selecting appropriate timing in which to pay vendors. To bolster your accounting and reporting process, improving your data can; 

  • Avoid Late Payment Fees and Penalties— Reminders and scheduling facility keep you up to date about your future payments and gives you the freedom from late payment penalties.
  • Never Miss an Early Payment Discount— Simultaneously, it rewards you the benefits of early payments by updating you about the profits of early payment, if any.
  • Avoid Duplicate Payment— Outsourcing accounts is done by experienced professionals which mitigates the possibilities of duplicate payments.
  • Eliminate The Need for Paper Invoice Storage—It becomes substantially easier with the help of accounts payable software, a paperless accounts payable system which maximizes efficiency and effectiveness.
  • Improve Consolidation— It streamlines the complete accounts payable system, making it accurate and ensures high quality standards.

Accounts Receivable

We work closely with our clients on the services we provide to earn their trust and successfully achieve mutual goals together.  Your financial success is as important to your business as it is to ours.

  • Reduce Days Sales Outstanding (DSO)
  • Reduce cash collection shortfalls
  • Reduce A/R adjustments and bad debt write-offs
  • Gain visibility into receivables transactions
  • Focus on your core business activities (rather than being stuck in back-office processes)
  • Maintain healthier accounts by lowering the revenue costs
  • Access more consistent customer interaction and communication which ultimately enhances your customer base
  • Maximize collections by offering extensive Credit control

Accounts Reconciliation

Account and bank statement reconciliation is an integral part of maintaining good cash flow. Without timely reconciliations, your business risks missing bank errors, failing to identify fraud or theft, and underutilization of cash. For high-volume transactional businesses such as retailers and restaurants, it can also be a struggle to verify cash deposits, credit card deposits, and gift cards.

Our solutions include;

  • Reduce risk and increase transparency of the general ledger
  • Uncover irregularities in your accounts
  • Eliminate bank errors and manage fees

Financial Review

Young-Sullinger Bookkeeping & Accounting Services oversight ensures that your financial reporting is accurate and you the business owner/manager can focus on operations and what is important to you in building your business.

Hence, when you’ve got important business decisions to make, your financial reports we produce can dig deeper into your data to perform complex analysis and provide advisory services.  

We provide monthly, quarterly and year end Balance Sheet, P&L and Cash Flow reports..  Custom reports also available. 

 


Quickbooks Integration

For those needing software we work closely with you to purchase and setup a program that works best for you.  We develop an effective chart of accounts and financial reports, including Preferences, Lists, Customers, Vendors, Employees, Banking and Custom Reports. We also help experienced users manage their businesses more effectively by improving their current setup, conduct training on the effective use of the program.  There is no one size fits all, why pay for what you don't need?

We have a variety of solutions for small businesses with a limited finance budget. In our model, we utilize QuickBooks Online or QuickBooks desktop.  Both solutions have a variety of specific qualities to fit your needs and how you envision running and growing your business efficiently.  

QuickBooks Online can be used anywhere, anytime where there is an on online connection and is very cost effective. One of the main advantages is that it allows us to access your accounting records simultaneously from our office. This makes support more convenient and less costly.  QuickBooks Online is a VeriSign Secured product, and because they use the same data-encryption technology that banks rely on, your data is secure. And because it’s online, it’s automatically backed up.  

2016 QuickBooks Online and Desktop includes the added feature of online banking. Automated online banking downloads transactions from your bank or credit card right into your QuickBooks company records. The benefits is that it dramatically reduce manual data entry, it is easy to set up and it virtually eliminates reconciliation as the data comes directly from your bank.


 

Let's get started saving you time & money.

PAYROLL Services

We can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.


PAYROLL PROCESSING

If you have a handful of employees without complicated payroll needs, doing it yourself will likely be your cheapest option. You'll simply have to decide whether or not you want to spend your time (or pay someone to spend theirs) getting the paychecks out when you could be running your business instead.  We offer a variety of options that can fit your needs.


Monthly & Quarterly Reporting

Employers must submit periodic payroll reports to the IRS and state taxing authority.  Although the reports may be annual, quarterly payroll reports are very common.  In addition, some annual reports require that employers make deposits, requiring internal payroll reports to ensure that the entire liability is paid by year-end.  The IRS regulates the requirements for federal tax reports, but reporting guidelines vary by state.  Payroll services offered can provide light services to help calculate taxes and allow you to follow through with these requirements with local, state and federal authorities, or services can provide more electronic completion of these requirements lessening the burden and time it takes to complete.  The choice is yours, we can provide as little or as much assistance in this area as you need.


W2 & 1099 Preparation

For clients on our payroll service we also offer;

Year-End: W2's,  1096 and 1099's are automatically processed for employers. (W2's are uploaded to SSA & 1099's uploaded to IRS)

 


Direct Deposit

Offering direct deposit saves money for employers over time. The time spent on payroll is reduced when direct deposit is offered.  There is no need to write and fold checks, stuff them into envelopes and make sure they get delivered to every employee. Direct deposit takes out the extra work and makes payroll processing simple and efficient.

  • Reduced risk of fraud or stolen checks
  • Greater control over payroll and additional payroll expenses
  • Timely payment of paychecks, even when employees aren’t in the office
  • Reduced time spent on bookkeeping

Save time for you and your employees with direct deposit offering.  Easy, faster and safer than processing a payroll check manually.  


 

Let's get started saving you time & money.

Quickbooks Training & Consulting Services

 

Great solutions for small businesses with a limited finance budget. In our models, we utilize QuickBooks™ Online and desktop versions. Our QuickBooks™ Online can be used anywhere, anytime where there is an on online connection and is very cost effective. One of the main advantages is that it allows us to access your accounting records simultaneously from our office. This makes support more convenient and less costly. QuickBooks™ Online is a VeriSign Secured™ product, and because they use the same data-encryption technology that banks rely on, your data is secure. And because it’s online, it’s automatically backed up. Not only does QuickBooks online handle all of your accounts receivable, accounts payable and payroll needs, but it includes the added feature of online banking. Automated online banking downloads transactions from your bank or credit card right into your QuickBooks™ Online company file. The benefits of using online banking is that it drastically reduces manual data entry, it is easy to set up and use and it virtually eliminates reconciliation as the data comes directly from your bank. QuickBooks™ Online is a simple, easy-to-use interface that makes bookkeeping, accounting, and other similar tasks easy for anyone to use, even a non-accountant.

We work closely with you to purchase and setup the program. We assist with development of an effective chart of accounts and financial reports. We then conduct training on the proper use of the program. This includes day to day data entry, such as accounts payable and billing. On an ongoing monthly basis we can reconcile major balance sheet accounts, including cash, accounts receivable and payable, and payroll accounts. This model has several variations depending upon individual client needs and wants. Our oversight ensures that your financial reporting is accurate and you, the business owner/manager, can focus on operations.


Individual or Group Training

Our support is not limited just to the software.  One on one or in a group, we can customize training. Stay abreast of the latest features and versions. As qualified QuickBooks ProAdvisors, Young-Sullinger Bookkeeping & Accounting Services is Intuit certified to provide expert support and training for the range of QuickBooks products. 


New Release Training

Explore new and different software functions and learn how to implement them. Get informative and comprehensive instructions as well as take part in interactive discussions to enhance your knowledge of relevant and practical applications.  New releases come out periodically and we can help you understand them.


Review

A review ensures that you receive timely, relevant and reliable financial information at your finger tips, whenever, wherever possible.  We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial health and condition of your business.  Reviews can be conducted at any time, but monthly reivews provide you up-to-date information and feedback.

 


 

Let's get started saving you time & money.