Accounting Tasks
FOR THE VIRTUAL ASSISTANTS
Each Task listed below, our Virtual Assistants can complete efficiently.
Quickbooks Certification
Certified and knowledgeable in using Quickbooks software from Intuit, the most popular small business accounting software.
Point Of Sale Receivables
This method records the revenue at the point of sale because cash is received on site or it is reasonably certain that cash will be received soon and is thus a finalized transaction.
Bookkeeping
The process of recording and organizing all the business transactions that have occurred in the course of the business.
Profit & Loss Statements
One of the financial statements of a company and shows the company’s revenues and expenses during a particular period.
Commission Statements
A fee that a business pays to a salesperson in exchange for his or her services in either facilitating, supervising, or completing a sale.
Balance Sheet Prep
Summary of all of your business assets (what the business owns) and liabilities (what the business owes).
Each of our plans, designed to take your business to the next level
- Start Up Plan
- Historical Clean Up Plan
- Small Business Plan
- Small Business Pro Plan
- Tax Consultation Plan
From Scratch
If you haven’t started working with your financials or it has been left idle for a long time. No problem we will setup the business accounting system from scratch.
Cloud Accounting
We will suggest the best accounting software – cloud accounting system: Quickbooks Online. Setup rules and methods for measuring the financial effects of transactions.
Setup Opening Balances
Posting of opening balances of the company’s financial accounts: bank, card, receivables, payables, etc. Provide the current year statements and we’ll do the rest.
Bank and Card Accounts Integration
Connect your bank and card account or you may download statements from your bank and we’ll do the import for you!
Commission Calculations & Data Entry
We will assist you with insurance carrier statement entries, imports and commission calculation.
Start Up Plan
Services inclusive on Start Up Plan: Accounting from Scratch, Cloud, Accounting Setup, Setup Open Balances, Account Integration and Commission Tracking
Fix Aging Accounts
Fix customer invoices and bills – overdue invoices, unapplied payments and credits, write off invoices from previous financial years.
Reconciling financial accounts
Reconciling all transactions from bank, card, commission statement, sales, payables on a monthly basis from previous years.
Locate discrepancies and reclassify transactions
Locate discrepancies from previous bank reconciliation, reclassify transactions which were wrongly allocated
Working Trial Balance and Adjustment Journal Entries
Perform audit accounting procedure on misclassified transactions: Working Trial Balance and Posting JE.
Up to 125 transactions
Classify and allocate business transactions up to 125 transactions per month.
Reconciliation of financial accounts
Reconciliation of operating and trust fund accounts, credit card accounts on a monthly basis.
Trust fund and trust fund liability reconciliation
Tracking and Reconciliation of trust account operations, commission and deposits, carrier payables.
Profit and Loss and Balance Sheet Reporting
Extensive management of financial reports: Income Statement (Measure Business Performance) and Balance Sheet (Business Finance Position)
Journal Entries Posting for Adjustments and Report Submission
Monthly Submission of Financial Reports and Posting of Journal Entries for necessary adjustments of accounts on a monthly basis.
Up to 250 transactions
Classify and allocate business transactions up to 250 transactions per month.
Reconciliation of financial accounts
Reconciliation of operating and trust fund accounts, credit card accounts on a monthly basis.
Trust fund and trust fund liability reconciliation
Tracking and Reconciliation of trust account operations, commission and deposits, carrier payables.
Profit and Loss and Balance Sheet Reporting
Extensive management of financial reports: Income Statement (Measure Business Performance) and Balance Sheet (Business Finance Position)
Journal Entries Posting for Adjustments and Report Submission
Monthly Submission of Financial Reports and Posting of Journal Entries for necessary adjustments of accounts on a monthly basis.
Tax Consultation
Analysis of financial reports – tax submission or bank loan applications.
Audit Ready
After all the end-ofperiod procedures have been completed, we will compile a complete listing of all accounts, which is called the adjusted trial balance.
Perform Accrual Accounting Journal Year End Entries
Payroll Accruals, Tax Payables, Sales Tax Payables, Fixed Asset Accounting, Company Cap Table Discussion and Credit Score Review.
Calculate Tax Provisions
Connect with our CPA regarding calculation of tax provisions.
Intercompany Transactions, Year Closing of Books, Updating Equity Account
Oversee and prepare intercompany transactions. Be updated with the company’s equity account adjustments after year end book closing.
*each plan includes VA Vision and Agency VA University
Agency VA University
Using VA University, our virtual assistants become highly educated in the world of accounting.
VA Vision
In house software designed to keep your data secure while allowing you to keep track of your virtual assistants productivity.
Plans
LET'S WORK TOGETHER
Start Up Plan
From Scratch, Cloud Accounting, Setup Opening Balances, Bank and Card Accounts Integration, and Commission Calculations & Data Entry
$99 - One Time
Historical Clean Up Plan
Start Up Plan, Fix Aging Accounts, Reconciling financial accounts, Locate discrepancies and reclassify transactions, Working Trial Balance and Adjustment Journal Entries.
$199/mo
Small Business Plan
Up to 125 transactions, Reconciliation of financial accounts, Trust fund and trust fund liability reconciliation, Profit and Loss and Balance Sheet Reporting, and Journal Entries Posting for Adjustments and Report Submission.
$299/mo
Small Business Pro Plan
Up to 250 transactions, Reconciliation of financial accounts, Trust fund and trust fund reconciliation, Profit and Loss and Balance Sheet Reporting, Journal Entries Posting for Adjustments and Report Submission
$399/mo
Tax Consultation Plan
Tax Consultation, Audit Ready, Perform Accrual Accounting Journal Year End Entries, Calculate Tax Provisions, and Intercompany Transactions, Year Closing of Books Updating Equity Account
$499/mo
Schedule a Free Demo Today.
And start saving money.