Are you a start-up looking for a bold beginning? An existing company in need of streamlining and updating? Or poised to take an exciting leap of growth?
Baumann-Partners can help!
 
Looking for a bold beginning?
In need of streamlining and updating?
Poised to take an exciting leap of growth?
                                       
 We're here to help!

Baumann-Partners can organize, simplify & optimize your business success.

 

We offer the following support:

 

 

 

A/R - Accounts Receivable

  • Prepare Customer Invoices - Reconcile with Sales Orders

  • Process Payments for Deposit 

  • Process Credit Card Transactions

  • Reconcile Customers' Account Balance

  • Track Commissions and Bonuses

 

Depending on your current A/R process, there are potential changes to simplify the A/R process.

 

 

A/P - Accounts Payable

  • Match Vendors' (Suppliers') Purchase Orders with Invoices (Bills)

  • Prepare Payments 

  • Reconcile Vendor Balances with Accounting Software A/P

  • Record and Reconcile Petty Cash

  • Reconcile Travel and Other Personnel Reimbursable Expenses

 

Depending on your current A/P process, there are potential changes to simplify the A/P process.

 

 

Bank and Balance Sheet Accounts

  • Reconcile Bank and Credit Card Accounts

  • Reconcile Balance Sheet Accounts: We recommend reconciling owner-draw accounts and loan accounts that have monthly transactions, and inventory accounts at least quarterly; it's good to have cycle-counts for your inventory too. We follow your company's external auditor's recommendations. 

  • Resolve potential problems. We communicate potential problems with owners/management. 

 

Month or Quarterly and Year-end Closes

  • Balance Sheet Account Reconciliations

  • Review and Prepare Journal Entries for Prepaid Expenses & Accruals

  • Ensure Work Papers/Supporting Documents are available for your CPA

  • Monitor and/or Participate in Quarter or Year-end Inventory

  • Review and Adjust Fixed Asset Schedules for Purchases and Depreciation

 

Cost Accounting and Inventory

  • Prepare and Update Bill of Materials (BOM's):  We have experience working with Engineers and Manufacturing Personnel to identify and analyze Standard Costs. 

  • Implement Cycle Inventory Cycle Counts

  • Reconcile Finished Goods Inventory

  • Identify Obsolete Inventory and Adjust Inventory Account

 

Payroll

  • Prepare and Process Payroll

  • Prepare and Submit Monthly/Quarterly/Annual Federal & WA State Payroll Tax Returns

  • Prepare Year-end 1099's

 

Depending on the number of employees, outsourcing payroll can be cost-effective.

 

Washington State Tax Filings

  • Prepare and Submit Monthly, Quarterly, and Annual Tax Documents

Financial Statements

  • Prepare Weekly, Monthly, and Year-End Financial Statements based on Owners/Managers Preferences

  • Prepare Cash-Flow Statements

  • Specific Detail Reports when requested by Owners/Managers

 

Specialized Support

  • Prepare Business Plan with Pro Forma Financial Projections

  • Collections: Our experience is the collection process begins when the Customer Invoice is sent: We have been very successful with our approach to collections. However, we will always follow the Owner's/Management's protocol. 

  • Reconcile and Tag Fixed Assets

  • Work with Owners/Managers through the Budget Process

  • Create Chart of Accounts to Comply with US GAAP/IFRS

  • Audit Preparation and Liaison with External Auditors

  • International Accounting and Transfer Pricing

  • Intercompany Reconciliations

  • Prepare Federal Financial Reports for NIH Grants

  • Upgrade Accounting Software or Implement a New Accounting Software Program

  • Prepare Excel Templates to simplify the monthly Account Reconciliation Process

  • Document Internal Controls to be SOX compliant

Partners

206-579-8726

2017 Copyright Protected by Maidment Creative

john@baumann-partners.com

Mailing Address:

Attn. John R. Baumann

4111 E. Madison St., #94

Seattle, WA 98112

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