FINANCIAL TRANSACTION ENTRY
JournalWorx can create a customized bookkeeping
system for your business. Business transactions can
then be entered into the system. Most of the
transactions can be entered from your bank statements.
More information is sometimes needed, however, to
properly classify bank statement items, petty cash
transactions, or auto expenses. That’s where
supporting documents, such as deposit slips, paid
invoices or receipts with accompanying proof of
payment, and mileage logs recorded according to IRS
guidelines come into the picture.
We provide billing services, can keep track of your
accounts receivable, can send out statements, and
follow up on past due accounts.
We can reconcile your bank statement(s), credit card
accounts, loan accounts etc.
After looking at your business financial records an
estimate can be prepared giving you an idea of the cost
for performing the services you require.
For retail establishments, for interim accounting periods
prior to year end, ending inventory and cost of goods
sold can be determined without taking a physical count
by using the “Gross Profit Method” or the “Retail
TRIAL BALANCE & FINANCIAL STATEMENTS
Periodically, as you specify (such as quarterly), the books will be
closed , a trial balance prepared, then financial statements
Periodic review of financials is an effective and necessary tool to
grow revenues, control costs, and manage debt.
Whether you own a retail or wholesale business, a manufacturing
business, or a service business, we have the expertise you need to
keep your books competently and do your tax returns right.
PAYROLL & PAYROLL TAX DEPOSITS & REPORTS
Payroll can be prepared “live” by JournalWorx serving as
your payroll person to perform this function for you, or we
can input the payroll information for you into the
bookkeeping system “post-payroll”, meaning after the
payroll function has been performed by your employee.
Payroll tax deposits and reports can be made for you by
JournalWorx or we can advise you when tax deposits
should be made and reports filed.
FEDERAL & STATE TAX RETURNS
Federal and State Income Tax Returns can be prepared and filed
for you. If JournalWorx is managing your bookkeeping you will
receive a discount off the regular price of return preparation.
State sales tax returns may be prepared and filed for your
The Complete Bookkeeping &Tax Solution for Your Business