01 Starter Package

CORE Scope of work:

• Establish QuickBooks account & set it up, specific to your industry and for your operations

• Record initial capital contributions and expenses to establish a starting equity balance

• Record & categorize all ongoing business expenses, ensuring proper allocation to appropriate accounts and projects - on a quarterly basis

• Record all sources of income, ensuring accurate tracking of sales and revenue - on a quarterly basis

• Reconcile bank & credit card accounts on a quarterly basis to ensure accuracy

• Preparation of basic Financial Statements, ie balance sheet & income statement

• Record adjusting entries as needed for accruals, deferrals and corrections

• Regular review and maintenance of the chart of accounts for accuracy and relevance

• Properly record the purchase or disposal of any large purchases/fixed assets

• Properly record depreciation or amortization

• Record and maintain any payments to notes, payables, and other liabilities

• Assist with the year-end closing process, ensuring all transactions for the year are recorded and reconciled

• Organize and provide necessary financial data and reports to your tax preparer.

• Email and scheduled Zoom support, responses within 3 business days