General Bookkeeping
The process of accounting in businesses and other organizations includes bookkeeping, which is the recording of financial transactions. It entails preparing source documents for all business operations, transactions, and other events.
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• Create and review monthly inventory, sales, and other reports.
• Daily revenue reconciliation.
• Maintain general ledger and personal accounts.
• Monthly cost allocations (Not-for-profit & some for-profit).
• Post daily or individual sale receipts and reports to the accounting system.
• Post deposits and cheques.
• Post payroll and create payroll cheques.
• Reconcile all bank and credit card accounts.
• Review accounts payable statements for possible missing or past due invoices to be paid.
• Review accounts receivable and create customer statements or mail reminder invoices as needed.
• Update employee benefits information if benefits are pro-rated against actual hours worked.
Filing and Record Keeping (off and on-site)
Assisting businesses in keeping clear and accurate financial records. In order to keep all records current and in compliance with applicable laws and regulations, this service entails creating and maintaining physical and digital files of all financial transactions. Being organized, methodical, effective, and transparent is beneficial.
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• Archiving audited or past documentation.
• Cloud base filing system available (digital documentation of all files) New
• Maintain a complete filing system to support financial records.
• Maintain a physical file for all business/company documents.
• Maintain all physical personal accounts for business/company accounts receivables.
• Maintain all physical personal accounts for business/company accounts payables.
• Quick and reliable access to business/company files either by delivery or digital copy email.
Payroll Preparation & Statutory Filings
The preparation of employee paychecks and the filing of necessary tax forms, to help businesses comply with various laws and regulations related to employee compensation and taxes.
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• Maintain a digital and hard copy file of all payroll schedules and reports.
• Maintain a digital and hard copy file of all statutory remittance forms submitted and receipts received.
• Maintaining sick days and vacation days reports.
• Payroll query investigation.
• Prepare and file statutory remittance forms for the Antigua & Barbuda Social Security Board, the Medical Benefits Scheme and the Board of Education.
• Prepare payroll journals for easy upload to the accounting system.
• Print payroll schedules, pay slips and any other payroll reports required by the client.
• Process and prepare payroll according to pay cycle (weekly, fortnightly or monthly).
• Reconcile payroll liability accounts against monthly reports.
Tax Preparation
The preparation of tax returns for individuals, businesses, and other entities, tax preparation involves gathering and analyzing financial data. It entails gathering all necessary financial information, including income, expenses, deductions, and credits, and making sure that the data is accurate and complies with all applicable tax laws and regulations.
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• Prepare and file Antigua & Barbuda Sales Tax (ABST) monthly remittance.
• Prepare and file Tourism Guest Levy monthly remittance.
• Prepare and file Unincorporated Business Tax annual returns
The Three Main Reasons To Outsource
01. Free up valuable time
No training required.
No supervision required.
Statutory filing is done for you as a concierge service.
02. Save Money on Staff
• No additional employee benefits.
• No additional statutory deduction.
• No overtime.
• No severance to pay.
• No sick days.
• Save on lost productivity costs.
03. Expert On Your Team
Greater quality work.
Greater reporting.
Improved control.
Wider knowledge base.