WE Do the Numbers

Services in

Accounting

Our Accounting solutions provide resources, recommendations, and actionable accounting and financial process improvements. These strategies and services result in timely, accurate, and insightful information to help you make better business decisions. Whether you need a strategic assessment, temporary or permanent outsourced accounting and financial support, or ongoing executive-level financial assistance, we can help.

Accounts Payable

• Obtain appropriate approvals/verification of and recording of vendor bills
• Follow-up to resolve missing invoices/receipts
• Issue payments via check remittance / electronic payment; record transactions in accounting software
• Reconcile vendor statements
• Coordinate with vendors to establish new accounts, credit limits, method of payment, approvals and/or disputes of invoiced amounts
• Provide accounts payable aging report to partners on an as-needed basis
• Maintain and record Petty Cash records
• Calculate and report monthly management fees based on monthly sales figures as per management agreement
• Review, reconcile and remit payment for TSA Security Badges issued to Touchstone Hospitality IV, LLC employees

Accounts Receivable

• Retrieve (on-line from Donatos VPN) daily sales transactions
• Record, monitor, match and verify Credit Card receipts
• Record daily sales transactions in accounting software
• Reconcile Monthly Sales Activity

Income Statements

• Track revenues and expenses to determine the operating performance of the business venture
• Determine what areas of the business are over-budget or under-budget
• Identify specific items causing unexpected expenditures
• Track dramatic increases in product returns or cost of goods sold as a percentage of sales