Legal Tender Bookkeeping and Accounting Service

Accounting System

• Set up accounting books
• Create chart of accounts
• Record assets, liabilities, and owner's equity
• Determine company net worth
• Prepare financial statements

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Property Management Accounting

• Specializing in Appfolio; PropertyWare; and Rent Manager
• Georgia Real Estate Commission Compliance

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Accounts Receivable Management

• Set up customers
• Track sales
• Generate invoices and monthly statements
• Age receivables
• Assess finance and/or late fees
• Receive payments and record income
• Maintain A/R files
• Generate A/R reports

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Accounts Payable Management

• Set up vendors
• Track bills
• Age payables
• Write checks for payment and record expenses
• Maintain A/P files
• Generate A/P reports

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Sales Tax Processing

• Apply sales tax to taxable items
• Keep track of how much sales tax you owe
• Pay sales taxes
• Generate sales tax reports

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Budgets

• Set up company budgets
• Track expenses
• Generate budget comparison reports

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Banking Services

• Manage company cash flows
• Manage company credit line
• Manage company debt-to-income ratios
• Make deposits/write checks/transfer funds
• Conduct on-line activities as needed
• Provide "sweep" accounting transfers
• Maintain banking files
• Reconcile accounts

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Payroll Processing Services

• Set up employees
• Track time
• Generate payroll checks
• Calculate federal & state payroll taxes
• Process and administer payroll
• Process and audit quarterly payroll taxes
• Prepare W-2's and 1099's
• Maintain payroll files
• Generate payroll reports

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Setting up proper Accounting Internal Controls

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Inventory Management

• Track items on order
• Receive inventory items
• Cost inventory
• Adjust value and quantity on hand
• Generate inventory reports

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