Bookkeeping
ZCFO offers a variety of bookkeeping duties. Here are those that are most common to all businesses. After analyzing your needs, we can outline a plan of services that ensures your needs are met and that you can quickly respond to owners, shareholders, clients, vendors, tax authorities and financing sources promptly and accurately when questions arise:
Data Entry and Recording
- Inputting financial transactions into accounting software.
- Recording receipts, invoices, and other financial documents.
Bank Reconciliation
- Matching bank statements with recorded transactions to ensure accuracy and completeness.
Accounts Receivable
- Managing and tracking payments due from clients or customers.
- Sending invoices and reminders for overdue payments.
Expense Tracking
- Monitoring and categorizing business expenses for accurate financial reporting.
- Verifying expense reports and receipts.
Financial Reporting
- Generating balance sheets, profit and loss statements, and cash flow statements.
- Compiling financial summaries for management or stakeholders.
Payroll Processing
- Calculating employee wages, taxes, and deductions.
- Issuing paychecks and handling payroll-related tax filings.
Budgeting and Forecasting
- Assisting in the creation and maintenance of financial budgets.
- Providing financial insights for future planning and decision-making.
Audit and Tax Support
- Preparing documentation and financial records for outside auditors or tax preparers.
Communication and Coordination
- Collaborating with other departments or external stakeholders to gather financial information.
- Responding to inquiries and providing financial updates as needed.
Financial Analysis
- Analyzing financial data to identify trends, discrepancies, and opportunities for improvement.
- Offering insights and recommendations based on the analysis.
Recordkeeping and Documentation
- Organizing and maintaining accurate and complete financial records.
- Safeguarding financial information for future reference and compliance.
Training and Education
- Staying updated on accounting principles, software, and industry changes.
- Training team members or clients on best practices and efficient use of accounting tools.
Accounts Payable
- Tracking and managing payments owed to suppliers, vendors, and creditors.
- Processing and scheduling payments in a timely manner.