Bookkeeping

“With Tarm we have less stress, better record keeping, and more time together!”

 

We've used Tarm for over 10 years and couldn't be happier!

Shaun and Hope Bussiere, Owners of Mountainview Painters

Our Full Charge Bookkeeping Package is designed to complete your daily financial record-keeping tasks as well as your month-end closing tasks, followed by preparation of your monthly financial reports and analysis of your business. We want you to feel confident that your accounting system accurately reflects your current situation so you can concentrate on running your business instead of spending your time on books. The steps involved with basic bookkeeping can be overwhelming depending on the size of your business and the number of transactions. We will manage your business finances and keep you on the right track. Individual services also available.

 Accounts Payable 

  • Input vendor invoices to payable system
  • Classify invoices to the proper G/L account
  • Request and maintain vendor W-9 information
  • Maintain vendor master files
  • Respond to vendor inquiries about payment status
  • Retrieve copies of payments as necessary
  • Prepare and file required 1099 forms
  • Process requests for stop payments when necessary
  • Cut checks to vendors based on due dates or client instruction
  • Reconcile vendor statements to accounts payable ledger
  • Reporting to organization on detailed aged payables and cash requirements
  • Input vendor invoices to payable system (i.e., Quick Books) 

 Accounts Receivable

  • Billings prepared as needed and mailed out (all billings provided to Client for approval prior to mailing)
  • Record and account for revenue
  • Input receivable transactions into the accounting system
  • Prepare and deliver periodic statements
  • Issue client-approved credit memos and refund checks
  • Maintain subsidiary receivables ledger
  • Process client-approved adjustments
  • Apply cash received to customer accounts and resolve “short pays”
  • Light phone collections as needed by client  

 Cash Management

  • Process daily sales and deposit reports
  • Verify daily deposits and report variances
  • Reconcile and verify credit card deposits
  • Reconcile monthly bank statements 

State Sales Tax

We prepare State Sales Tax returns. Any individual or company that offers services or sells products in the state of Massachusetts is required to file a sales return.