Our Services
Bookkeeping
In the modern business landscape, accurate and efficient bookkeeping is essential for maintaining financial health and enabling growth. As a remote bookkeeping service, we understand that every transaction, whether large or small, plays a critical role in the overall success of your business. Our comprehensive range of services is designed to cover every aspect of your financial management needs, ensuring that you can focus on what you do best—running your business. Below, we provide detailed descriptions of each service we offer, highlighting how they contribute to your business’s financial well-being.
Managing your invoicing process is crucial for ensuring timely payments. We handle everything from generating and sending invoices to following up on overdue accounts. By keeping your invoicing process streamlined and efficient, we help maintain a steady cash flow.
We understand that bookkeeping can be one of the least enjoyable aspects of running a business, but it’s crucial for your success. That’s why we take pride in keeping your books clean, accurate, and up-to-date, providing you with the insights needed to make informed decisions that drive profitability.
Choosing the right accounting method is vital, and our team is here to guide you through the process. Whether you operate on an accrual or cash basis, we ensure your books are managed accurately, reflecting the true financial health of your business.
Our intelligent and flexible bill pay system is designed to save you time and simplify your cash flow management. Say goodbye to manual processes and hello to a streamlined, automated system that handles your payables and receivables efficiently.
Understanding your financial position is key to making informed business decisions. We provide detailed reports and work closely with you to interpret key performance indicators, offering valuable insights that help you steer your business in the right direction.
Accurate expense tracking is essential for effective budgeting and financial planning. We record and categorize all business expenses, providing you with detailed reports that help you understand where your money is going and where you can potentially save.
The general ledger is the backbone of your financial records. We maintain your general ledger by accurately recording all transactions, ensuring that your financial statements are complete and ready for analysis or audit.
Each of these services is tailored to meet your specific needs, ensuring that your financial operations are handled with the utmost care and precision. By partnering with us, you gain a trusted ally in managing your business’s finances, allowing you to focus on growth and success.
Accounting
Chart of Accounts, Clients, Vendors, and Inventory Listing
Starting a new business requires a strong financial foundation. Our New Company Setup service is designed to provide just that. We begin by establishing a comprehensive Chart of Accounts, tailored to your business’s unique needs, ensuring that every financial transaction can be accurately recorded and tracked.
We then set up your clients, vendors, and inventory lists within your accounting software, allowing for seamless management of your business operations. This includes categorizing and recording client details for easy invoicing, managing vendor information for efficient billing, and creating an accurate inventory listing to track product stock levels. Our goal is to provide you with a streamlined and organized financial system from day one, making it easier to manage your business as it grows.
Tracking and Calculating Depreciation/Amortization of Fixed Assets
Effective asset management is essential for maintaining the value of your business’s fixed assets over time. Our Asset Management service involves tracking all of your company’s fixed assets, such as property, equipment, and vehicles, ensuring that they are accurately recorded in your financial records.
We calculate depreciation and amortization for each asset, reflecting their gradual reduction in value over time. This process not only ensures compliance with accounting standards but also provides you with a clear picture of the current value of your assets, which is crucial for accurate financial reporting and strategic decision-making.
Recording All Financial Transactions in the General Ledger
The general ledger is the heart of your accounting system, and accurate journal entries are essential for maintaining its integrity. Our Journal Entries service involves recording all financial transactions in your general ledger, ensuring that every income, expense, asset, liability, and equity transaction is properly documented.
Whether it’s recording sales revenue, paying bills, or adjusting accounts, we handle each entry with precision, providing you with a complete and accurate financial record. This meticulous approach ensures that your financial statements are reliable and ready for analysis, audit, or tax preparation.
Ensuring Ledger Balances with Debits Equaling Credits
A trial balance is a critical step in ensuring the accuracy of your financial records. Our Trial Balance service involves verifying that the total debits and credits in your general ledger are equal, which is essential for detecting errors and ensuring that your financial statements are accurate.
By preparing a trial balance, we ensure that your ledger is in balance before finalizing financial reports. This process helps identify and correct any discrepancies, providing you with confidence in the accuracy of your financial data and laying the groundwork for accurate financial reporting.
When you work with us, you gain access to the expertise of a dedicated, experienced, and Certified Chartered Accountant (CA) and Certified Cost & Management Accountant (CMA). Our professionals bring years of experience in financial management, accounting, and strategic planning to your business.
With a deep understanding of accounting principles, tax laws, and financial regulations, our team is equipped to handle complex financial challenges, ensuring that your business remains compliant, profitable, and on the path to success. We are committed to delivering high-quality, reliable services that meet your specific needs and help you achieve your financial goals.
Each of these services is designed to provide you with comprehensive financial support, tailored to your business’s unique requirements. By partnering with us, you benefit from our expertise, attention to detail, and commitment to helping your business thrive.
Let’s Build Your Financial Future Together
At Eagle Accountant, we’re more than just number crunchers—we’re your partners in financial success. Our comprehensive accounting services are designed to support your business at every stage, from startup to growth and beyond. Let us handle the details so you can focus on what you do best: running your business.
Payroll
Initial Configuration and Employee Data Entry
Setting up payroll correctly from the start is crucial for accurate and compliant payroll processing. Our Payroll Setup service involves configuring your payroll system to meet the specific needs of your business. We start by entering all necessary employee data, including personal information, tax withholding preferences, and pay rates. We also set up direct deposit information, benefits, deductions, and any other payroll-related details.
This comprehensive setup ensures that your payroll runs smoothly and that your employees are paid accurately and on time. Our team works closely with you to understand your payroll needs and customize the setup process to match your business’s specific requirements.
Calculating and Distributing Employee Wages
Our Payroll Processing service ensures that your employees are paid accurately and on time, every pay period. We handle all aspects of payroll calculation, including regular wages, overtime, bonuses, and commissions. We also manage tax withholdings, benefit deductions, and other payroll-related items.
Once payroll is calculated, we process payments via direct deposit or checks, ensuring that funds are distributed efficiently. Our team also handles the preparation and distribution of pay stubs, providing your employees with detailed information about their earnings, deductions, and net pay.
Managing Payroll Taxes and Ensuring Compliance
Payroll taxes are a critical aspect of payroll processing, and staying compliant with tax regulations is essential to avoid penalties. Our Tax Filing and Compliance service involves calculating and withholding the appropriate federal, state, and local taxes from employee paychecks.
We then file the necessary payroll tax returns with the appropriate tax authorities, ensuring that all payments and filings are made accurately and on time. This service includes managing unemployment taxes, Social Security, Medicare, and any other payroll-related taxes. Our goal is to keep your business compliant with all payroll tax regulations, giving you peace of mind.
Managing Benefits Deductions and Contributions
Administering employee benefits can be complex, but our Employee Benefits Administration service simplifies the process. We manage all aspects of benefits administration, including health insurance, retirement plans, and other employee benefits. This service includes calculating and deducting employee contributions, as well as ensuring that employer contributions are accurately recorded.
We also handle the enrollment process for new employees, ensuring that they receive the benefits they are entitled to. Our team works with your benefits providers to ensure seamless integration with your payroll system, making benefits administration efficient and hassle-free.
Preparing and Distributing W-2s and Other Year-End Documents
Year-end payroll processing is essential for closing out the payroll year and preparing for tax season. Our Year-End Processing service involves preparing and distributing W-2 forms to your employees, summarizing their earnings and taxes withheld throughout the year. We also prepare and file the necessary year-end tax forms with the IRS and other tax authorities.
In addition to W-2s, we handle any other year-end reporting requirements, such as 1099 forms for contractors. This service ensures that your business is fully prepared for tax season and that all employees receive the necessary documentation for filing their taxes.
Generating Detailed Payroll Reports for Management and Compliance
Accurate payroll reporting is essential for managing your business’s finances and ensuring compliance with labor laws. Our Payroll Reporting service generates detailed reports on payroll expenses, tax liabilities, employee earnings, and more. These reports provide valuable insights into your payroll costs and help you make informed financial decisions.
We also provide compliance reports to ensure that your business is adhering to all relevant labor laws and regulations. Our reports are customizable, allowing you to focus on the information that matters most to your business.
Expert Advice and Assistance with Payroll-Related Issues
Payroll can be complex, and issues can arise at any time. Our Ongoing Support and Consultation service provides you with expert advice and assistance whenever you need it. Whether you have questions about payroll regulations, need help resolving a payroll issue, or want to explore ways to optimize your payroll process, our team is here to help.
We offer ongoing support to ensure that your payroll system continues to operate smoothly and that any challenges are addressed promptly. Our goal is to provide you with peace of mind, knowing that your payroll is in expert hands.
Each of these services is designed to make payroll processing as efficient and accurate as possible, allowing you to focus on running your business while we handle the complexities of payroll management. By partnering with us, you gain access to experienced professionals who are dedicated to ensuring that your payroll is handled with the utmost care and precision.
Reporting & Analysis
Comprehensive Reports for Informed Decision-Making
Our Financial Reporting service is designed to provide you with accurate, timely, and comprehensive reports that offer insights into your business’s financial health. We generate a variety of reports, including income statements, balance sheets, and cash flow statements, which are essential for understanding your revenue, expenses, assets, and liabilities.
These reports are tailored to your specific needs and provide a clear picture of your financial position, helping you make informed decisions about your business. Whether you need monthly, quarterly, or annual reports, we ensure that you have the information you need to track your performance and plan for the future.
Visual Representation of Key Financial Metrics
Our Customizable Dashboards service provides you with a visual representation of your most important financial metrics. These dashboards are designed to be user-friendly and customizable, allowing you to focus on the key performance indicators (KPIs) that matter most to your business.
You can easily monitor metrics such as revenue growth, profit margins, and expense trends in real-time. Our dashboards are interactive, enabling you to drill down into specific data points for more detailed analysis. This service helps you stay on top of your financial performance and make quick, data-driven decisions.
Identifying and Understanding Deviations from Budgeted Figures
Variance Analysis is a critical tool for understanding how your actual financial performance compares to your budgeted expectations. Our Variance Analysis service involves a detailed examination of the differences between your budgeted and actual figures, helping you identify areas where your business is over performing or underperforming.
We provide insights into the reasons behind these variances, whether they are due to unexpected expenses, changes in revenue, or other factors. This analysis allows you to take corrective action where necessary and adjust your strategies to align with your financial goals.
Evaluating the Profitability of Products, Services, and Business Units
Our Profitability Analysis service helps you understand which aspects of your business are driving profits and which may be underperforming. We analyze the profitability of different products, services, or business units, providing you with a detailed breakdown of revenue, costs, and margins.
This service enables you to make informed decisions about pricing, cost management, and resource allocation. By identifying the most and least profitable areas of your business, you can focus your efforts on maximizing profitability and improving overall financial performance.
Tracking Financial Trends OverTime
Trend Analysis is essential for understanding how your financial performance is evolving over time. Our Trend Analysis service involves tracking key financial metrics over multiple periods to identify patterns and trends in your business’s performance.
We provide insights into trends in revenue, expenses, cash flow, and other critical metrics, helping you anticipate future performance and make proactive decisions. This service is particularly valuable for long-term planning and forecasting, as it enables you to identify emerging opportunities and potential risks.
Determining the Minimum Revenue Required to Cover Costs
Our Break-Even Analysis service helps you determine the minimum level of revenue your business needs to generate to cover its costs. This analysis is crucial for understanding the financial viability of your business and for setting realistic sales targets.
We calculate your break-even point by analyzing your fixed and variable costs and comparing them to your revenue. This service provides you with a clear understanding of how much you need to sell to achieve profitability, allowing you to make informed decisions about pricing, cost management, and growth strategies.
Exploring the Impact of Different Financial Scenarios
Scenario Analysis is a powerful tool for evaluating the potential impact of different financial scenarios on your business. Our Scenario Analysis service involves creating multiple financial models based on different assumptions, such as changes in revenue, costs, or market conditions.
We help you understand the potential outcomes of various scenarios, allowing you to plan for best-case, worst-case, and most-likely situations. This service is invaluable for strategic planning, as it enables you to prepare for uncertainty and make informed decisions about the future of your business.
Tracking and Analyzing Key Performance Indicators
Key Performance Indicators (KPIs) are essential for measuring the success of your business. Our KPI Monitoring service involves tracking and analyzing the most relevant KPIs for your business, such as revenue growth, profit margins, customer acquisition costs, and more.
We provide you with regular updates on your KPIs, along with insights into what the numbers mean for your business. This service helps you stay focused on your business goals and ensures that you are continuously monitoring the factors that drive your success.
Each of these services is designed to provide you with the financial insights you need to run your business effectively. By leveraging our expertise in reporting and analysis, you can gain a deeper understanding of your business’s financial performance, identify opportunities for improvement, and make informed decisions that drive growth and profitability.
