Cost accounting for contractors-classification of income & expenses, P & L by Job

Cost accounting for contractors involves tracking and analyzing all costs related to a project. This includes direct costs such as labor, materials, and equipment, as well as indirect costs such as permits and insurance. Proper cost accounting can help contractors make informed decisions about pricing, project management, and profitability. Classification of income and expenses services involves categorizing all income and expenses for tax and accounting purposes. This process helps contractors to accurately report their financial information and comply with tax laws. Proper classification also provides insight into the financial health of the business and can help with future planning and decision-making. As a contractor, keeping your finances up to date and properly managed will prove to be incredibly beneficial in the long run. Feel free to contact us today to learn more.

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Monthly financial statements-balance sheet and profit & loss

Our monthly financial statement service provides businesses with accurate and up-to-date information about their financial performance. As experienced accountants, we will compile and analyze data on a monthly basis to provide clients with a clear understanding of their income, expenses, and financial position. These statements provide valuable insights into the financial health of the business, allowing owners and managers to make informed decisions about future investments, budgeting, and growth strategies. By outsourcing this task to our team, businesses can save time and ensure that their financial reporting is accurate and timely.


 

 

 

 

Financial analysis-review account balances for accuracy

Our financial analysis services involve a thorough review of account balances to ensure accuracy and consistency in financial reporting. We will carefully examine your financial statements to identify any discrepancies or errors. By conducting regular reviews, we can provide clients with insights into their financial performance and make recommendations for improving their financial health. This service can help businesses to identify and address potential issues early on, minimizing the risk of costly mistakes and improving their overall financial management.

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Account reconciliation (bank, credit card, A/R, A/P, loans, etc.)

Account reconciliation is the process of comparing the transactions recorded in your bank or credit card statement with those recorded in your accounting records. This helps to identify any discrepancies or errors, such as missing transactions, incorrect amounts, or unauthorized charges. By having us reconcile your accounts regularly, you can ensure the accuracy of your financial records, detect and prevent fraud, and avoid overdraft fees or other penalties. Don’t hesitate to reach out via phone or email today to get started.


 

 

 

 

Payroll processing, including PTO mgmt., other benefits & deductions

Our professional payroll processing services are tailored to meet your business needs, providing efficient and accurate management of your employees' compensation. Our comprehensive services include paid time off management, ensuring that your employees receive their vacation, sick, and personal days as scheduled. We also manage other benefits and deductions such as healthcare, retirement plans, garnishments, and taxes. With our reliable and streamlined payroll services, you can focus on growing your business while we handle the complex task of payroll management.

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Payroll tax payments-state withholding, federal withholding, Social Security and Medicare, state and federal unemployment

By utilizing our payroll tax payment services, you can ensure timely and accurate payment of your payroll taxes. Our services eliminate the risk of costly penalty and interest charges associated with late or inaccurate tax payments. Knowing your taxes are paid on time and your business is in compliance with constantly changing tax laws, you can focus on other aspects of your business.


 

 

 

 

Payroll tax reporting-monthly, quarterly and annual reports, including W-2s and 1099s

Staying on top of your taxes can be difficult, especially if you are reporting monthly or quarterly. When tax reporting becomes this frequent, it can help to have an experienced bookkeeping specialists at your side. We specialize in providing quality bookkeeping and financial services such as monthly, quarterly, and annual payroll tax reporting, which includes W-2Ss and 1099s, in order to make tax season that much easier for you and your business. Contact us for more information about our payroll tax reporting service.

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Accounts Receivable-generate invoices & statements, record payments, provide accurate reports

With the large amounts of invoices, statements, and payments needing to be recorded in your business, it’s essential you have a trained professional to provide these services for you so you can allocate your time to other business operations. We specialize in a wide range of bookkeeping and financial services that have helped businesses maintain a comprehensive and accurate financial picture. To learn more about our accounts receivable services, be sure to contact us today. We are eager to be the driving force in your business's accounting success!


 

 

 

 

Accounts Payable-enter invoices, reconcile statements, record payments, provide accurate reports

Here at Big Sky Bookkeeping, we will carefully and accurately manage your vendor invoices, payments, reconcile statements, and other reports so that you don’t have to! As a busy business owner, it’s easy for paperwork to pile up, so choosing an expert in the field to manage it for you will not only save you time but ensure that each and every payable item is accurately recorded. If you have any questions or are ready to get started, contact us today.

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Custom financial reporting to meet your specific needs

Looking for a financial reporting service that offers more than the same old canned reports? You’ve come to the right place. With our extensive experience in the industry, we take on custom financial reporting tailored to your business that can help provide comprehensive data on your business’s current financial standings, progress, and forecast. When financial reporting for your business becomes a handful, look no further than Big Sky Bookkeeping to keep your records in the clear. Don’t hesitate to pick up the phone and give us a call today for more details.