MN Bookkeeping Services

Here are just a few bookkeeping services that we offer:

Accounts Payable

Accounts payable is the money owed by a business to its suppliers. It is a liability account, which means that it is an expenses on the business’s balance sheet. Accounts payable is one of the most important aspects of bookkeeping, as it represents the amount of money that the business owes to its creditors. creditors are typically businesses that have supplied the company with goods or services.

Accounts Receivable

We specialize in providing accurate and up-to-date bookkeeping services for businesses of all sizes. Whether you need help with Accounts Receivable or invoicing, we can provide the services you need to keep your books in order. In addition, we can also provide guidance on financial reporting and tax compliance.

Job Costing

Job costing can be used for both internal and external reporting. For example, when bidding on a new project, an accurate job cost estimate can give you a competitive advantage. Job costing can also help you track actual costs vs. estimated costs, so that you can identify areas of overspending and make necessary adjustments.

Work in Progress

Work in Progress (WIP) is a method of bookkeeping that allows businesses to more accurately track the costs associated with unfinished work. In traditional accounting, the costs of unfinished work are often lumped together with the costs of finished work, making it difficult to track the true cost of individual projects.

Monthly Financial Statements (Balance Sheet, Income, Cash Flow)

At UptoDate Bookkeeping, we understand the importance of having accurate and up-to-date financial statements. That’s why we offer a monthly bookkeeping service that includes a balance sheet, income statement, and cash flow statement.

Year-End Closing

Year-end closing is a critical time for any business. This is the time when businesses reconcile their books and make sure that all transactions are accounted for. UptoDate Bookkeeping can help take the stress out of this process. We will work with you to ensure that your books are in order and that all transactions are accounted for.

Union Reporting

Union Reporting is a critical bookkeeping function for any business. Union Reporting ensures that all required paperwork is filed with the Union office, and that workers are properly compensated for their work. Union Reporting also helps to keep track of hours worked, overtime pay, and vacation time. Union Reporting is a complex task, but UptoDate Bookkeeping is here to help.

Reconcile Statements

As a business owner, you have a lot on your plate. Reconciling your statements shouldn’t be one of them. UptoDate Bookkeeping will take care of your reconciliation for you, so you can focus on what’s important – running your business. We have a team of skilled professionals who are experienced in reconciling statements and identifying discrepancies.

Annual 1099’s for subcontractors

As a business owner, you know that bookkeeping is essential to keeping your finances in order. That’s where UptoDate Bookkeeping comes in. We can help you stay on top of your bookkeeping, including preparing annual 1099s for your subcontractors.

Multiple State Sales & Use Tax Reporting

UpToDate Bookkeeping, Inc. offers sales tax reporting services for businesses with sales in multiple states. We manage all aspects of sales and use tax compliance, from filing returns to keeping up with changing rates and regulations. Our services are designed to save businesses time and money, and our team of experts is always available to answer any questions you may have.

Budgets

Budgets are an essential part of keeping your finances in order. By tracking your income and expenses, you can ensure that your spending is on track and that you are saving money each month. UptoDate Bookkeeping can help you stay organized and on top of your finances. We offer a variety of budgeting tools to suit your needs, including budget templates, spending tracking, and more.

Audits

Audits are a necessary part of running a business, but they can be time-consuming and expensive. UptoDate Bookkeeping offers a cost-effective solution that will save you time and money. We offer a complete bookkeeping service that includes auditing, so you can be confident that your books are in order.