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Virtual Accounting Services

Our accountants handle all your daily accounting needs and communications with you. We work with you to process invoices and statements, accounts payable, cash receipts and disbursements, and payroll, as well as prepare bank reconciliations and recurring reports. Our service is designed to help manage and improve your cashflow by providing real time information needed for monitoring and decision making.

All Outsourced Accounting Clients are provided with access to our 7Links Technology Package. This allows us to provide you with access to software and technology solutions we will use together so that you have access to your information at your convenience. Access your documents anytime and anywhere, 24/7, using your iPhone or iPad, or an increasing number of other smart phones.

7Links Package includes access to the following applications:

  • QuickBooks Premier Accountant Edition hosted on-line
  • Bill.com – for accounts payable processing and vendor document management and invoicing
  • Client portal – for document sharing, management, and file storage

Accounting Functions Performed Weekly

  • Set  Up Online Bill Payments as Vendor Payments are Approved by the Client
  • Record individual Credit Card Purchase Transactions
  • Weekly Accounts Payable Aging Report
  • Weekly Accounts Receivable Aging Report
  • Weekly Information Request Reports
  • Process and/or Record Payroll

Monthly Reporting

  • Balance Sheet
  • Profit and Loss Statement – Month
  • Profit and Loss Statement – Year-To-Date
  • Accounts Receivable Aging
  • Accounts Payable Aging
  • General Ledger
  • Bank Reconciliation Reports

Accounting Functions Performed Daily

  • Record Vendor  Invoices
  • Assign appropriate approvers for each invoice
  • Reconcile Vendor Statements
  • Record Vendor, Debit Card Transactions, Pay Pal & EFT Payments
  • Record Manual Checks Issued As Needed For Emergencies
  • Record Sales Invoices
  • Email/Mail Customer Invoices and Statements
  • Record Customer Payments

Accounting Functions Performed Monthly

  • Prepare Bank Account Reconciliations
  • Prepare Credit Card Reconciliations
  • Reconcile additional Balance Sheet Accounts

Additional Services

  • Monthly or Quarterly consultation to review financials and discuss strategic planning opportunities

Our Fees

We will determine the specific service fee structure that is appropriate for your business during our initial consultations.  We are experts at what we do, and we specialize in finding ways to streamline business processes and procedures.  Our clients generally find that the cost of our services is less expensive than hiring an employee to provide the same level and quality of work.

ABOUT US

We Speak Your Language
Accounting is the language of enterprise, and we speak it fluently. We can translate your goals into plans, your operations into results, and your oversight into clarity.

Commitment
In an ever-changing business environment, the firm’s commitment has remained the same: Service, Quality, and Integrity.

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Contact Us

  • 8119 Shannon Aly
  • Laurel MD 20724
  • Phone: 2405995907, 2404863003
  • Fax: 2406730070
  • Email: Info@7LinksCPA.com
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