Fifth and Bank Accounting, Bookkeeping Services Ottawa

By: Fifth And Bank  09-12-2011
Keywords: Invoices


  • Prepare and print invoices from within the accounting system or in Excel
  • Post invoices to accounts receivable and to the general ledger control account
  • Prepare, print and post adjustments to invoices as required
  • Record payments when received and apply to appropriate customer accounts and invoices
  • Generate customer statements for mailing
  • Call overdue accounts
  • Record approved supplier invoices
  • Create and print regular cheque runs to pay suppliers
  • Record adjustments to supplier invoices as required
  • Prepare payroll on a regular basis for weekly, biweekly, semi-monthly or monthly pay periods as required
  • Prepare ROE forms as required
  • Administer a benefits plan and/or pension plan
  • Record cash sales including debit and credit card sales
  • Reconcile and record petty cash transactions
  • Reconcile and record corporate credit card transactions
  • Reconcile and record expense reports
  • Calculate, post and remit amounts for source deductions, benefits and EHT as required
  • Calculate, post and remit GST/HST and PST
  • Calculate, post and remit corporate tax installments where required
  • Reconcile bank accounts from paper or on-line statements
  • Calculate and post adjusting entries as required and approved
  • Record and reconcile inter-company transactions where they may exist
  • Track the sale of inventory
  • Monitor inventory cost vs. regular, bulk and sale selling prices
  • Record receipt of new inventory
  • Adjust inventory to physical count at year end and report material differences
  • Track employee time and supplier costs by project where required
  • Invoice customers by project where required
  • Calculate deferred revenue/expense where required
  • Instruct the bank to prepare foreign money orders, drafts or wire transfers as required
  • Calculate foreign exchange on day to day transactions
  • Convert foreign currency balance sheet accounts to Cdn dollars on reporting dates
  • Calculate and post accrued receivables and payables
  • Calculate prepaid expense adjustments
  • Calculate and post depreciation adjustments including adjustments for the addition or removal of capital assets
  • Calculate and post inventory adjustments including cost of spoilage or damage
  • Calculate and post interest separately from payments made on long term loans
  • Calculate amounts of unearned revenue
  • Preparation of monthly aged receivable and payable listings
  • Preparation of regular trial balance and financial statement reports
  • Comparison of actual costs to budget and/or prior year if required
  • Cash flow reporting if required
  • Individual project reporting if required
  • Revenue and/or expense analysis reporting if required
  • Statistical analysis reporting if required
  • Assistance in designing or redesigning a chart of accounts to best meet specific needs
  • Assistance in selecting and implementing an accounting system to best meet an operation¬ís needs and budget

Keywords: Invoices