At Terranova Americas we are speciallists in providing bookkeeping services for small businesses. We tailor solutions for each of your main business cycles depending on your particular needs and budget.

Business Financial Reporting

Banking & Cash recs

•  Downloading and booking bank activity
•  Bank and credit card accounts reconciliation

Financial Reporting

•  Chart of accounts setup & management
• Balance Sheet
• Profit and Loss
• PP&E depreciation schedule
• Cash Flows

• Custom reporting
  

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Accounts receivables (Collection and invoices)

A/R, Billing & Collections

• Invoice issuance and distribution to your clients
• Booking of customer deposit receipts
• A/R aging reports preparation
• Customer billing statements preparation
• Collection efforts on delinquent accounts (emails/calls)

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Automated Accounts Payable

A/P, Treasury & Expenses

• New vendor file setup and maintenance
• Receiving and entering vendor bills
• Assigning bills for management approval
• Processing checks and EFT payments of approved bills
• A/P aging reports preparation
  
• Payables automation
  

Inventory Management

• Product catalog management
• Purchase order generation
• Downloading and booking sales & C.O.S. info from your P.O.S
• Interface/Sync with Point-of-sale accounting software (Square, Shopify, POS)

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Payroll Processing

Payroll management

• Employee file management
• New employee setup
• Payroll processing
• Employees & contractors payment
• Payroll tax liability calculation and payment
• Preparation of monthly & annual payroll tax returns
• W-2's & 1099's generation
• Custom reporting (i.e. by employee, department, location, etc)

​Travel & other expenses

• Posting of employee expenses per expense reports provided.
• Processing expense reimbursements

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Tax Compliance

Federal & State compliance

• Sales & use tax returns
• Annual state franchise tax
• Federal corporate Income tax returns
•  Federal personal Income tax returns

•  Issuance of K-1's, W-2's & 1099's