Our Services
At 51st Business Solutions, we know that business owners have more important things to do than bookkeeping. So, we not only offer affordable, experienced and dependable bookkeeping, but also daily money management services for all manner of small businesses.
Monthly Bookkeeping Services
Accounting and Finance
Initial Set Up and Historical Clean Up
We will set your practice up in Quickbooks Online which includes importing your information from Quickbooks desktop or other system you are using. Any previous transactions not recorded or reconciled will be completed.
Maintenance of General Ledger
We record and organize your financial activity using a customized Chart of Accounts designed for your business.
Adjusting Journal Entries
Posting Adjusting Journal Entries and working with your CPA at year-end to match the books with their changes.
Account Payable
Bill pay service.
Loan and Taxation Management
Loan Amortization
Loans will be recorded and verified. The amortization schedule will be set to correctly reflect principal and interest expenses paid.
Fixed and Non Current Assets
All Fixed and Intangible Assets will be recorded and updated. Depreciation and amortization determined by the schedule of your CPA.
Tax Preparation
Preparation of Annual Income Statement. Making sure your books are done and done accurately, is key to tax season success.
Bookkeeping and Records
Bank & Credit Card Reconciliations
Transactions on the books are matched to the bank statements and outstanding checks reviewed. Credit Card activities are entered and reconciled. Balances managed regularly.
Inventory Management
Monitor and record the flow of goods from manufacturers to warehouses to point of sale.
Monthly Reports
Monthly conference to review financial statements - Balance Sheet, P&L and Statement of Cash Flow.
Benchmarking and Budgeting
Profitability analyses and Coaching thru financial ratios.
Payroll Entries
Using payroll reports to record and properly expense employee earnings and taxes paid.
Do you have any questions?
Packages
All packages include 2 accounts (bank or credit card) and 50 transactions.
- Bookkeeping on a quarterly basis
- Record & classify all transactions
- Reconcile accounts
- Custom Chart of Accounts
- Quarterly financial statements
- Annual reports for tax prep
- Receipt management
- Unlimited email & phone support
- Quarterly video conference call
- Bookkeeping on a monthly basis
- Record & classify all transactions
- Reconcile accounts
- Custom Chart of Accounts
- Monthly financial statements
- Annual reports for tax prep
- Receipt management
- Unlimited email & phone support
- Monthly video conference call
- Bookkeeping on a weekly basis
- Record & classify all transactions
- Reconcile accounts
- Custom Chart of Accounts
- Monthly financial statements
- Annual reports for tax prep
- Receipt management
- Unlimited email & phone support
- Monthly video conference call
- Monthly analysis & assessment
- Benchmarking
Add-ons (per month)
| Add-on | Basic | Classic | Premium |
|---|---|---|---|
| Additional account (if more than 20 transactions/month) | $25 | $25 | $25 |
| Transactions (increments of 25) | $25 | $25 | $25 |
| Hubdoc subscription | $20 | $20 | $20 |
| Loans | $10 each | $10 each | Included |
| A/P Management | Ask for quote | Ask for quote | Ask for quote |
| A/R Management | Ask for quote | Ask for quote | Ask for quote |