Financial Statements
- Monitor cash reserves and investments
- Prepare Profit & Loss Statements & Balance Sheet
- Prepare quarterly reports and report on variance
Accounting
- Assist with preparation of the budget
- Implement financial policies and procedures
- Establish and maintain cash controls
- Establish, maintain and reconcile the general ledger
- Monitor cash reserves and investments
- Prepare income statements
- Prepare balance sheets and monthly financial statements
- Prepare quarterly reports and report on variances
- Assist with any other accounting duty
- Maintain the computerized accounting system
- Maintain financial files and records
Payroll & Tax Compliance
- Ensure new employees are properly documented, files are established and maintained
- Oversee administration of benefits entitlements
- Verify and report on benefits payments & annual leave records
- Verify and code timesheets and hours worked
- Calculate employee salaries, deductions and contributions
- Review payroll reports, summaries, journals and reports
- Calculate source and miscellaneous deductions
- Ensure pay cheques are processed and distributed
- Make adjustments to the payroll as necessary
- Federal & State Tax compliance & Liabilities
Sales Tax, Income Tax and Corporations
Corporate Federal & State Income tax
DC/MD/ VA State Sales Tax Preparation
Corporations :Incorporating-Ammending-Re-instating
Start-up planning
State Business Registrations & Yearly Compliances
Bookkeeping
- Prepare and reconcile bank statements
- Establish and maintain supplier accounts
- Processes supplier invoices
- Maintain the purchase order system
- Ensure data is entered into the system
- Issue checks for all accounts due
- Ensure security for all credit cards and verify charges
- Ensure transactions are properly recorded and entered into the computerized accounting system
Miscel
Accounting Office and Procedures Implementation
Customized General Ledger Chart of accounts for new corporations
Employee Training & Computerizing Accounting System
Processing DOT Numbers
Helping Contractors to Process MD MHIC & DC Home Improvement Commission Licensing
DC Certified Business Enterprise (CBE)
Experience
We have experienced with the following industries:
Construction, Architects, Engineers, Restaurants, Retail,
Government Contracting, Travel & Tours,
Media Magazines, Jewelry & Artist
1050 30th Street NW Washington DC 20007
Tel ( 202) 904 2135
info@ambaccounting.com