Essential Business Accounting Services

Chat with us about

Essential Business Accounting Services

  • This field is for validation purposes and should be left unchanged.

Fields marked with * are required. We will never share your information.

Previous
Next

Essential Business Accounting Services

To achieve accurate record-keeping, tax compliance and have the ability to monitor growth and opportunity, there are essential business accounting services and processes that you need to consider…

Payroll
Processing
Services

What We Do

Payroll Processing

Employee Benefits

Workers Compensation

Retirement Planning

"Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus"
Stephen Geist
Music Artist

Essential Business Accounting Services

To achieve accurate record-keeping, tax compliance and have the ability to monitor growth and opportunity, there are essential business accounting services and processes that you need to consider and these are the following:

  • Reconciliation
    Bank reconciliation/credit card reconciliation.
  • Petty Cash Analysis
    Refers to all the money spent through the petty cash fund.
  • Accounts Receivable and Accounts Payable Reconciliation
    Refers to vendors and customers. Each one of them has a statement.
  • Inventory analysis
    It’s basically to compare the physical inventory with the inventory reflected in QuickBooks.
  • Fixed Assets Schedule
    Identifies items like computers, office furniture, equipment, and anything that is considered fixed assets and adds the new items purchased every month to prepare a depreciation schedule.
  • Other Receivables and Payables analysis
    Refers to loans made or received to/by third parties different from customers or vendors, for example, owners of the company loaned money or somebody got an advance.
  • Quarterly (Monthly) Management Financial Statement
    After doing the general ledger analysis and everything else specified in the services to the client by the CPA firm, the compilation is done, this is the analysis and the report to management.
  • General Ledger Analysis
    You have the chart of accounts which is the list of accounts.
  • Financial Statement Closing
    At the end of the fiscal year, working with all the accounts of income and expenses, you come up with a net between the income and the expenses and any profit or loss is closed and that net value will pass to the balance of the company, increasing the capital of the investors or if there’s a loss, decreasing it.

 

Contact Freedom Payroll Services for more information regarding “Essential Business Accounting Services”.

Our clients love working with us

Christopher Castleman
Christopher Castleman
20:56 03 Oct 22
Stephanie and her team are the best choice i ever made. The guidance, service and value have made my company more auccessful. For that I am grateful.
Evan Hilferty
Evan Hilferty
11:01 23 Nov 21
iris Valencia-Mujica
iris Valencia-Mujica
21:51 02 Nov 21
The best Payroll Service in Sarasota!
Jennifer B.
Jennifer B.
17:54 11 May 20
The team at Freedom Payroll Services is awesome, always happy to help with any questions we have!!
Chris D
Chris D
15:47 13 Feb 20
Anna-Maria Galvez
Anna-Maria Galvez
12:07 30 Jan 20
Susan Dinse
Susan Dinse
23:28 24 Oct 19
Best payroll company in Sarasota. Ginny & Sandy are so sweet and know what it means to be great for what they do for there customers!!!
Melissa Smith
Melissa Smith
14:44 19 Sep 19
Tim Horvath
Tim Horvath
18:36 09 Jan 19
Dale DellaMonica
Dale DellaMonica
16:22 18 Aug 18
Enola is very knowledgeable and dependable, the whole staff is terrific and they always go above and beyond. I have worked with American Accounting about 15 years.
Hal Logan
Hal Logan
04:17 02 Apr 16
We've done or taxes here for several years know, the CPA's are extremely knowledgeable and we've been very happy with the results.
Melanie Berninger
Melanie Berninger
14:58 09 Feb 16
My family and I have been using American Accounting for 16 years and everyone there is amazing. Always willing to go above and beyond. Five star service!!
Richard Interval
Richard Interval
05:44 23 Nov 15
You couldn't ask for more from your accounting firm. Go here.
Mike Doyle
Mike Doyle
13:34 05 Mar 15
Great Accounting Firm. I've used them for over 10 years and have great service all the time. They have helped with my personal taxes, as well as 2 businesses I've owned. Brenda is very approachable and has always answered even the most basic of questions. I've very happy with American Accounting.
js_loader

Why choose Freedom Payroll?

Satisfied customers

We garnered positive reviews from our clients. This is a proof that we are a reliable company for your payroll needs.

Payroll professionals

We are your certified payroll professionals in Sarasota, Florida that offers end-to-end payroll solutions.

Completed Projects

We have an extensive roster of past and current clients that serves as our milestones.

Always upto date

Always updated with the latest payroll tax reforms so no need to worry about compliance.