Training

Quickbooks and other Accounting packages can be difficult to master and utilize. For the companies that want to manage the bookkeeping in house, we provide training services to review the correct procedures for the following:

Entering bills
Entering credit card transactions
Creating invoices and statements
Cutting checks
Receiving payments
Recording deposits
Job costing
Reconciling balance sheet accounts
Running reports

Utilizing these functions will allow a business owner to generate up to date financials, view a current cash flow summary, analyze aging payables and receivables, and customize other specific reports. The QuickBooks software functionalities can be taught to you or representatives within your company to ensure the proper daily use of the software.

Management Consulting Services

Consulting services are tailored to the specific requirements of each business. Detailed financial reporting and executive summary give company executives a detailed picture of their financial situation. These financial reports can be customized to incorporate information from separate stand-alone software aside from your accounting package. Examples of financial reports are the following:

Income by Donor/Grantor
Interest Schedule
Disbursement Schedule
Amortization Schedules
Performance against budget
Trends (in revenue, cost, profits)
Cash flow statements
Key performance indicators and forecasts

Minority Certification - 8(a), MBE, DBE, LSDBE

Many government contractors and other large corporations receive preferential treatment or tax breaks for utilizing minority owned businesses. Minority owned businesses must become federally or state certified and meet a very specific set of criteria to obtain this preferential treatment and excellent competitive advantage. Along with contractual support minority businesses are offered the services of a mentor through the certifying agency. These mentor programs require annual updates and specific government contract amount thresholds.

Due to the complexity and sensitivity of this process it is essential to consult with the professionals at Capital Accounting, Inc.

Business Tax Services

We are partnered with several CPAs to provide quality tax preparation and planning services. Many of our tax clients are also bookkeeping clients, and this comes to an advantage as CA, Inc. will have a working knowledge of your financials and can help plan the year for tax season. Some of these services include:

Business tax return preparation for Corporations, Partnerships and Sole Proprietors
Individual tax return preparation
Tax planning and consulting
Federal and State filings - Monthly, Quarterly, and Yearend
Compilation of all W-2 and 1099s
Payroll tax reports and analysis

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