What is outsourced accounting?
Generally outsourced accounting includes the services below. (Dime provides some industry-specific services in addition to these general accounting services.) • Enter all bills into the accounting system and record them to the appropriate expense account. • Regular monthly bills (telephone, copier lease, rent, etc.). • Credit Card company bills (including itemized transactions). • Personal expense reimbursements. • Capital expenditures and maintenance of depreciation schedules. • Payroll transactions. (Record payroll journal entries if not completed by Dime.) • Issue and distribute all checks. • Record deposits. • Reconcile all monthly bank statements including all deposits, checks, wire transfers, etc. • Process payroll transactions. • Provide a monthly “Executive Package” including month-end financial statements.
