At Katharos Business Advisors, we work side-by-side with our clients and tailor our services to fit their specific needs. Intuit QuickBooks Pro Advisor Plano TX. We combine personal attention and access to the highest levels of technical expertise and specialized knowledge. Timely communication and responsiveness are hallmarks of our client relationships. All of these attributes support our objective of helping you reach your financial goals.
Intuit QuickBooks Pro Advisor Plano TX
The good financial information provided in a timely and accurate manner is essential to good management. Let us perform your bookkeeping and save yourself time, money, and distractions. This will allow you to focus on what you do best – running your business. Our firm provides a full range of bookkeeping services, including the following:
- General ledger & financial statement preparation
- Adjusting journal entries
- Bookkeeping on a Monthly, Quarterly, or Annual basis
- Accounting system setup for new businesses
- Intuit QuickBooks Pro Advisor Plano TX
Accounts Receivable
When your company sells goods to services to customers on credit where you don’t require them to pay ahead of time or at delivery, this creates an asset called an “Accounts Receivable.” The accounting process is based on the invoice you issue, which describes the goods or services you’ve sold, the amount owed (including sales taxes and freight charges), and then when payment is due.
Our Accounts Receivable services include sales invoicing, direct mailing, cash receipts, bank account reconciliation, cash flow analysis, and collections.
If this seems overwhelming or simply something you’d rather not have to deal with so you can focus on running your business, we can help! We’ll take care of the recording and maintenance of all your accounts receivables; including handling the following:
On occasion, customers you sold to on credit won’t pay. When this happens, you’ll need to account for bad debts properly. Intuit QuickBooks Pro Advisor Plano TX. Bad debt accounting deals with the write-off of customers who don’t pay and estimating the required allowance for bad debt accounts you must hold in reserve.
Early Payment Discounts
If you offer customers a discount if they pay early or under specific terms, we can handle the accounting so you always know where you stand and can effectively manage your discount programs.
Aging Analysis
Your accounts receivable data can reveal much about your business’s financial health. We can produce accounts receivable aging reports, which show the number of invoice dues at select intervals, typically in 30-day increments up to 90+ days. Aging reports are essential for managing your collections effectively.
Accounts Payable
When your company orders or receives supplies, materials, or services before paying for them, these purchases are considered to be made on account or credit. Your supplier or vendor on the other end of the transaction is referred to as a creditor since you owe them for goods or services already shipped or rendered. This is why these purchases by your company are considered “Accounts Payable” in the accounting language.
If this seems overwhelming or something you’d rather not have to deal with so you can focus on running your business, we can help!
Let us take care of the accounts payable process to ensure your company’s financial statements’ accuracy and completeness. We handle the work by taking care of the accounts payable process from start to finish, ensuring every bit of the enormous amount of detail is legitimate and accurately reflected in your accounting system. Remember that an efficient and effective accounts payable process can benefit your company’s cash position, supplier relationship, and credit rating.
Our timely and efficient accounts payable process can include any or all of the following services;
- Processing vendor invoices promptly
- Payment processing
- Accurate general ledger account recording
- Aged payables analysis
- Expense accrual for items not yet wholly processed.
- Intuit QuickBooks Pro Advisor Plano TX
Visit our Financial Calculators for quick answers on IRAs, investments, child college tuition, and mortgage or credit card calculations.
Services
Accounting Plano TX, Bookkeeping Plano TX, Business Advisory Plano TX, Individual Tax Service Plano TX, Business Tax Service Plano TX, Estate Plano TX, Trust Plano TX, Charitable Giving Plano TX, Intuit QuickBooks Advisor Plano TX, Nonprofit Tax Service Plano TX, Payroll Plano TX, State Tax Service Plano TX, Succession Planning Plano TX