Whether you need us to completely take over your company’s bookkeeping functions, or just convert your business finances into Quickbooks while while we train your staff; Malone Accounting Services can help you create financial records that you can use as tools to increase profits. 

Accounts Payable

In addition to processing and prioritizing your payables, we will provide you with monthly aging reports and reconciliation of your payables. We also offer a check writing service.
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Accounts Receivable Management

We will process invoices, handle cash receipts, prepare and mail monthly statements and provide you with monthly aging reports. We will also reconcile your accounts receivable each month.

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Bank and Credit Card Reconciliation

All your bank and credit card statements will be reconciled each month. If you have internet features with any of your accounts, we can save you time by downloading them directly into your accounting system before reconciliation.
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Bookeeping

Payroll, accounts receivable & accounts payable, and preparation of financial statements are just some of the day to day bookkeeping services Malone Accounting Services' experienced bookkeepers provide for our clients.
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Financial Statements & Management Reports

Malone Accounting Services will provide custom designed financial statements and management reports. Do you want previous year comparison statements, or current period and year to date comparisons? Tell us what bookkeeping reports you need and we will design them to your specifications.
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General Ledger Reconciliations

We provide expert general Ledger Accounting System Setup and Training.

The key to a successful general ledger system setup is to work with your accountant.  Our accountants will consider the accounting implications particular to your needs.  We can make sure your system functions well from the start. Malone Accounting Services brings the knowledge and experience that is needed to ensure an accurate and expert setup of your accounting system.  We will train you in the correct use of the general ledger accounts which will ensure not only a clear audit trail, but accurate and meaningful financial statements.

	Correct setup and maintenance of the general ledger is essential, as it is the core of your company’s financial records. These records constitute the central “books” of your system.
	The financial statements (balance sheet and profit and loss statement) are drawn directly from the general ledger.  A well-maintained ledger also creates an audit trail from which any discrepancies can be traced.
	The chart of accounts, the core engine of the general ledger, must be properly designed to produce financial reports that serve management's needs.
	Your accounting system will have a number of sub ledgers for items such as cash, accounts receivable, and accounts payable.  All the entries that are entered to these sub ledgers will transact through the general ledger account.
	If the subsidiary ledger setup is incorrect, it will not agree with general ledger balances, or will show transactions posted to the wrong accounts.
	Reconciliation differences due to incorrect setup of the general ledger and chart of accounts will require additional staff or consultant time, and dollars, to correct.
	The general ledger creates an internal audit trail of all transactions that can trace discrepancies (double billing or an unrecorded payment).  You must be able to find the origin of any transaction in order to verify its accuracy, and the general ledger is where you will do this.

Months End Closing

In addition to reconciling your accounts payable and accounts receivable each month, we will also reconcile your other balance sheet accounts and review the income and expense accounts for accuracy.  We will do any adjusting and recurring journal entries that need to be done.

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