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
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Prepare Customer Invoices - Reconcile with Sales Orders
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Process Payments for Deposit
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Process Credit Card Transactions
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Reconcile Customers' Account Balance
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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
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Match Vendors' (Suppliers') Purchase Orders with Invoices (Bills)
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Prepare Payments
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Reconcile Vendor Balances with Accounting Software A/P
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Record and Reconcile Petty Cash
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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
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Reconcile Bank and Credit Card Accounts
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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.
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Resolve potential problems. We communicate potential problems with owners/management.
Month or Quarterly and Year-end Closes
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Balance Sheet Account Reconciliations
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Review and Prepare Journal Entries for Prepaid Expenses & Accruals
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Ensure Work Papers/Supporting Documents are available for your CPA
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Monitor and/or Participate in Quarter or Year-end Inventory
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Review and Adjust Fixed Asset Schedules for Purchases and Depreciation
Cost Accounting and Inventory
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Prepare and Update Bill of Materials (BOM's): We have experience working with Engineers and Manufacturing Personnel to identify and analyze Standard Costs.
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Implement Cycle Inventory Cycle Counts
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Reconcile Finished Goods Inventory
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Identify Obsolete Inventory and Adjust Inventory Account
Payroll
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Prepare and Process Payroll
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Prepare and Submit Monthly/Quarterly/Annual Federal & WA State Payroll Tax Returns
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Prepare Year-end 1099's
Depending on the number of employees, outsourcing payroll can be cost-effective.
Washington State Tax Filings
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Prepare and Submit Monthly, Quarterly, and Annual Tax Documents
Financial Statements
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Prepare Weekly, Monthly, and Year-End Financial Statements based on Owners/Managers Preferences
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Prepare Cash-Flow Statements
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Specific Detail Reports when requested by Owners/Managers
Specialized Support
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Prepare Business Plan with Pro Forma Financial Projections
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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.
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Reconcile and Tag Fixed Assets
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Work with Owners/Managers through the Budget Process
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Create Chart of Accounts to Comply with US GAAP/IFRS
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Audit Preparation and Liaison with External Auditors
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International Accounting and Transfer Pricing
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Intercompany Reconciliations
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Prepare Federal Financial Reports for NIH Grants
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Upgrade Accounting Software or Implement a New Accounting Software Program
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Prepare Excel Templates to simplify the monthly Account Reconciliation Process
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Document Internal Controls to be SOX compliant