TRACKING & RECORDING YOUR BUSINESS ACTIVITY:

Virtual Bookkeeping

Bookkeeping is a vital and necessary component of any business. Adhering to basic accounting principles is essential for success in any size business. Experienced and competent record-keeping and financial analysis is key to not only monitoring your expenses, but to discovering new avenues of growth. Additionally, it ensures you stay responsible for tax obligations to the government and to your employees.

Partnering with us to perform monthly bank reconciliations allows you to do the following:

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Protection

Prevention

Monitor

Misc Audit

Identify unauthorized transactions such as fraudulent or forged checks presented to your bank, or unauthorized debit card transactions

Detect and prevent embezzlement of funds from within your company. Rely on our years of experience with Fortune 500 company reporting.

Identify Bank Errors such as excess or unjustified bank charges and ensures transactions are posted correctly by your bank.

Identify lost checks, deposits and unauthorized wire transactions. We search for all transactions with no stone ‘unturned’.

Why do I need bank reconcilliation?

Bookkeeping also entails maintaining and balancing subsidiaries, general ledgers, and historical accounts. Monthly bank reconciliations for your business and credit card accounts will also be performed. Accounts payable, sales and accounts receivable, payroll, and expenses will be recorded accurately.

Reconciling your business checking account each month allows SL to keep your bank account balance accurate, financial reporting up to date, and allows seamless tax reporting. Bank reconciliations are a critical part of maintaining accurate financial records for the smooth operation of your company.

TRANSPARENT & ACCURATE REPORTING

Business Transactions

Business transactions include but are not limited to purchases, receipts, sales and payments. The role of the bookkeeper also tracks company expenses assuring that every cost has been entered and recorded correctly into accounting software so that the business is ready for tax time. Recorded transactions are maintained in the company’s general ledger.

Mary Baker Financial Services offerings include Virtual Bookkeeping, which is the process of recording daily financial transactions for the business in a cloud-based accounting software using either the cash or accrual-based method of accounting.