The bookkeeping and accounting division of Structured Management Inc. has the ability to develop and implement a complete and detailed administrative, financial accounting and operational management system.
Towards this objective SMI specializes in providing a full range of bookkeeping, financial, operational reporting and accounting services. In every instance individualized services are tailored to the specific financial, operational and reporting requirements of the client. In this way SMI is able to provide the exact services each business needs for both operational control and tax compliance at the lowest possible cost.
ACCOUNTS PAYABLE - Manage & Control Purchases And Expenditures, Track Costs And Expenses By Profit Center, Project And/Or Job And Project Cash Flow Requirements.
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· Record Vendor Invoices
· Maintain Vendor History And Account Balances
· Analyze And Maintain General Ledger Account Balances |
· Process Manual Or Prepare Computer Checks To Vendors
· Provide Accounts Payable Aging Reports
· Provide Transaction History And Check Registers |
ACCOUNTS RECEIVABLE - Record Sales And Customer Payments And Monitor And Control Customers’ Receivable Balances.
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· Prepare Invoices To Customers
· Apply Receipts Against Customer Invoices
· Deposit Processing
· Maintain Customer History And Account Balances |
· Provide Accounts Receivable Aging Report
· Provide Transaction History And Sales Journal
· Analyze And Maintain General Ledger Account Balances |
MONTHLY CLOSING AND REPORTING PROCEDURES – Review, Analyze, Adjust And Finalize The Month’s Information And Provide Precise And Detailed Financial Statements Operating Reports Specifically Tailored For The Business.
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· Enter Monthly Adjusting Entries And Specialized Transactions
· Analyze And Reconcile General Ledger Accounts To Subsidiary Schedules (A/P, A/R., Etc.)
· One Hour Management Meeting To Review The Monthly Reports And Results Of Operations
· Prepare Sales & Use Tax Returns
· Compile Monthly Closing Binder With All Work Papers And Reports |
QUARTERLY REPORTING PROCEDURES - These services are Available To Those Clients Who Must Satisfy Financial Institution Reporting Requirements.
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· Enter Quarterly Adjusting Entries And Specialized Transactions
· Provide General Ledger And Trial Balance Reports For Management Review And Approval
· Provide Quarterly Financial Statement Including Profit And Loss Statement, Balance Sheet And statement Of Cash Flows With Footnotes.
· One Hour Management Meeting To Review & Discusses The Quarterly Reports And Results Of Operations |
YEARLY CLOSING PROCEDURES
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· Prepare Year-End Closing Binder Including All Work Papers And Supporting Schedules. |
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· Annual Budget Reports |
· Issue, 1099 Forms |
OPERATIONAL MANAGEMENT REPORTING – Provides Additional Operating Reports Designed To Help Monitor Operating Activities, Control Costs And Build Sales
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· Detailed Job/Project Cost Reports
· Detailed Product Costing Reports |
· Payroll Tracking Reports
· Inventory Management Reports |
OTHER SERVICES
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· Complete Payroll Services
· Sales & Use Tax Reporting
· Business Set Up Assistance
· Bookkeeping And Accounting Software Training
· Processing Employee Related: Workmen’s Comp, Disability And Unemployment Forms
· Preparation Of Business License Applications/Renewals
· Business Plans & Bank Loan Applications |
· Corporate and Personal Federal, State and local Tax returns
· Credit And Collection Activities
· Loan Negotiations and Reconciliations
· Development And Maintenance Of Fixed Asset Ledger To Track And Control Company Property
· Completion Of Federal And State Surveys And Questionnaires
· Notary Public
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