P.S. Business Services: An Overview of Our Offerings

This guide outlines our core offerings, from foundational setups to recurring bookkeeping and specialized projects. We will also detail services outside our scope, providing you with a complete picture of how we can best support you.

Our Core Bookkeeping Services

Our goal at P.S. Business Services is to provide a comprehensive financial management system for your business. We take care of critical tasks and processes that ensure your books are clean, accurate, and always up-to-date, regardless of your industry.

Setups: Building a Strong Foundation

Getting started on the right foot is essential. We offer several setup services to establish a reliable and efficient bookkeeping framework for your business.

• QuickBooks Online (QBO) Setup: We configure QuickBooks Online to suit your industry’s unique needs. For instance, we might tailor a chart of accounts for a restaurant to track food costs and labor expenses, while for a real estate agency, we’ll include rental income categories and escrow account tracking.
• Facilitating Payroll Setup: Partnering with trusted payroll providers, we set up systems to ensure compliance and effortless bookkeeping integration, whether for construction crews or legal secretaries.
• Accounts Payable Setup: From vendor invoicing to bill payment systems, we streamline your AP process. A restaurant owner, for example, can rely on us to manage supplier payments efficiently.
• Sales & Use or Excise Tax Account Setup: We’ll handle account setup for compliance with state or local tax regulations, whether you’re managing cannabis inventory or selling tangible goods.

Recurring Services: Ongoing Financial Management

Consistency is key to keeping your business financially healthy. Our recurring services streamline your day-to-day financial operations and provide timely insights.

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• Transactions: We carefully classify and record all your business's financial activities, such as supplier invoices for construction materials or client retainers for law firms. If applicable, we also process settlement and fuel card statements for industries like logistics.
• Reconciliations: Monthly reconciliation of your accounts ensures that all bank, credit card, and savings accounts match your financial records. Law firms, for instance, can depend on us to reconcile client trust account activity.
• Financials: Receive accurate Profit & Loss reports, Balance Sheets, and other customized financial statements tailored to showcase the metrics that matter most for your industry.
• Accounts Payable (AP): We organize and schedule vendor bill payments, allowing businesses with heavy vendor reliance, such as restaurants or construction companies, to maintain excellent relationships.
• Sales & Use Tax: Stay compliant with state and local sales and use tax regulations with accurate filings and timely payments.
• Excise Tax: For specific industries, such as cannabis, we manage excise tax calculation and filing to keep you on the right side of regulations.
• Support & Communication: With open, ongoing communication, we promptly answer your questions and address concerns in real time.

Cleanup Services: Getting Your Books in Order

If your past financial records are disorganized or inaccurate, it can be a significant source of stress. Our cleanup services are designed to get your books in order for prior financial periods.

• Transaction Cleanup: From missing entries to miscategorized transactions, we clean up your books for historical accuracy.
• Reconciliation Cleanup: For months or even years of unbalanced accounts, we identify and rectify discrepancies.
• Financial Statement Review: Once cleanup is completed, we deliver airtight financial statements, ensuring you can confidently proceed with business audits, tax filings, or long-term planning.

Custom Services: Tailored to Your Unique Needs

Some businesses have unique bookkeeping requirements that don't fit into standard categories. P.S. Business Services offers personalized bookkeeping services, determined case-by-case, to meet these specific needs.

• Intercompany Reconciliations: Perfect for businesses with multiple entities or projects, such as construction contractors managing subsidiaries or separate jobs.
• Admin & Wage Allocations: Distribute overhead or wage expenses appropriately, which is especially useful for industries like real estate or logistics.
• Payroll Journal Entry & Sync: We create detailed payroll journal entries and sync payroll data from your provider into your accounting software.

Industries We Serve

While we work with a wide variety of businesses, here are a few examples of industries where our services truly shine:

• Restaurants: From tracking daily sales revenue to reconciling supplier payments, we offer restaurant owners the tools and insights needed to manage fluctuating cash flows effectively.
• Construction Companies: Our detailed cost tracking, vendor management, and project allocation services help construction firms stay on budget and compliant with tax regulations.
• Real Estate Firms: Whether managing tenant rent payments or preparing investor-ready reports, we help real estate professionals maintain organized and compliant financials.
• Law Firms: For legal practices, we ensure that client trust accounts, hourly invoicing, and reimbursable expenses are precisely tracked and audited for compliance.
• Logistics Businesses: Whether you’re an Amazon DSP, FedEx contractor, or another delivery provider, we offer settlement analysis, fleet cost tracking, and payroll management to alleviate operational burdens.

Our industry expertise allows us to serve unique needs across different fields, while providing the same unparalleled accuracy and support.

Services We Do Not Currently Provide

Just as important as knowing what we do is knowing what we don't. P.S. Business Services specializes exclusively in bookkeeping. We do not offer services that fall under the scope of a CPA, tax advisor, or legal professional. This focus allows us to provide the highest level of expertise in our field—a bookkeeping firm that is personal, trusted, and timeless.

Please note that we do not offer the following:

• Bookkeeping for Companies with ADP Workforce
• Business License, City, or County Tax Filings
• Collections on Past-Due Accounts
• Corporate (Corp, S Corp, LLC) or Personal Tax Return Preparation
• Franchise & Excise Tax Return Preparation
• IRS Tax Delinquency Resolution
• Personal Tax Return Filings
• Contract Creation or Legal Reviews
• Employee Handbook Creation
• Construction Bond Audits
• Health Insurance or Small Business Loan (SBA) Consulting
• General Q&A on Setting up a Business

Our mission is to provide an exceptional, hands-on bookkeeping service that gives you the financial clarity and confidence to grow your business. By focusing on what we do best, we ensure you receive reliable, accurate, and timely support.

If your needs align with our offerings, we would be happy to discuss how we can become a trusted partner for your business.

Contact P.S. Business Services today to schedule a consultation and learn more about our specialized bookkeeping solutions.

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*The information provided in this content is for general informational purposes only and is not intended as financial, tax, or legal advice. Every business’s financial situation is unique, and you should consult your accountant, tax advisor, or other qualified professionals to determine the best approach for your specific circumstances.