Yuba Gold Accounting Services

Banking

Transfers
Online Bill Pay
Reconcile Bank Statements

CREDIT CARD MANAGEMENT

Reconcile Card Statements
Work with card holders to get details and receipt copies so transactions are properly recorded

Accounts Receivable-Invoices

Invoicing
Record deposits
Run monthly unpaid bill A/R reports
Make contact with clients that have unpaid balances

Accounts Payable-Bills

Enter Bills
Check monthly auto entries (bills, EFT’s, invoices, journal entries) to make sure they post
Select bills for check runs
Perform a monthly cash flow analysis
Analyze checks quarterly to see if there are any missing
Work directly with vendors on:
Discrepancies
Payment Arrangements

Payroll

Time tracking & reporting
Register with EDD or use Payroll Service to set up payroll

Cash Flow Reports

Important for Clients with Short Selling Season
Make sure you have enough Cash on hand

Budgeting

Set up Budgets
Work with Cash Flow to anticipate needs

Inventory

Setup
Reports
Adjustments

Financial Statement Reporting & Review

P&L (Profit & Loss) 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.
Balance Sheet
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.
Year End Tax Reports
We will be glad to sit down with you and review all these reports

General Ledger

Setup
Maintence and Adjustments
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 make any necessary adjustments to your accounts so your books are always accurate.

Tax Reporting

Excise Taxes
Sales Taxes
Payroll tax
1099 Contractor
State Taxes
Federal Taxes

Tax Strategies & Implementation

Initial Setup for Reporting Compliance
Framework for QuickBooks
IRC 280E Analysis
Revenue strategies to reduce IRC 280E impact

Financial Information Filing

Set up Basic Filing system
Review Current Filing system and make recommendations

Quickbooks Setup

Chart of Accounts
Initial Business Information
Beginning Balances

Basic Business Setup

EIN
Sellers Permit
Fictitious Business Name Statement
Business Structure- Sole Proprietorship, LLC or Incorporation

Banking

Open at least one checking account

Insurance

Liability
Crop
Homeowners
Renters

Payroll and Compensation

Prepare organizational chart
Create proper job descriptions
Understand who can be an employee and who can be an independent contractor
Conduct a salary study in order to set salaries and bonuses Get workers' compensation insurance
Get get payroll service, set up system to pay payroll taxes