Using my service is like having a Corporate Financial Officer on staff,

ONLY more cost effective! 

Betty-3.JPG
Betty at work!!

Hi, I'm one heck of an accountant with over 20 years of experience providing full service accounting personal attention to various types of businesses from the Construction Industry, Landscaping, Child Care, Assisted Living, Medical / Dental to Finance and other Services (Legal, Collections, Management, etc.).
 
To keep your business running smoothly in today's environment, you need an experienced accountant helping you
through these tough financial times.  Knowing the state of your accounting records is important to any business. 
Don't leave it to chance.  Get involved.  Email me with your questions and comments.

Send your emails to ....    accountant@fear-betty.com

As a service to my clients, please feel free to 
print out this service matrix below for your records. I look forward to working with you.

FINANCIAL MANAGEMENT SOLUTIONS, LLC 
Betty J. Fear, Accountant
Cell: 602-793-0140        Office Line: 623-584-9070
accountant@fear-betty.com

Bookkeeping Services

  • Providing accounting support functions by recording journal entries, post and maintain the general ledger; prepare a trial balance; post payroll; prepare bank reconciliations by following GAAP standards.
  • We reconcile your personal medical insurance EOB's and we will audit your personal investment statements. 
  • IT'S YOUR MONEY - LET US MAKE SURE IT STAYS THAT WAY!  LET'S STOP FRAUD.

Financial Accounting & Reporting

  • I provide Income Statements to arrive at your company's Net Income
  • Are you operating at a Profit or Loss?
  • The real numbers will tell.
  • I provide your Balance Sheets and your Profit and Loss Statments at the end of each Accounting period.
  • You absolutly need to know the Cash Flow from your company's cash receipts and cash disbursements for a period of time.
  • How else can you pay those invoices?

Investment Research

  • Investigate that phone call or salespitch.
  • Don't buy before you know who you are giving your money to. That includes me!
  • Ask for references and I'll follow-up for you so you know if you are investing or giving your money away.

Pension Plan Posting & Reporting

  • Defined Contribution Plans.  This is a contractual plan which the employer provides benefits to employees, such as disability & death benefits. 
  • Pension expense is tax-deductible to the employer. Employees may or may-not make payments to the plan.
  • Defined Benefit Plans.  This is a contractual plan which employees may be contributory or non-contributory. 
  • All plan provisions very from company to company.

Controller On Call Serviceson

  • I am your  Controller on call and can act as your  Chief Accounting Executive of your organization.
  • Some functions include; development of accounting computer installation and use, marketing, and financial planning for control and  tax administration.
  • Call me if you need help with any of this.
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Monday, October 6, 2008

Let us help you with your personal Medical Bills & Investments.
We can help you reconcile your medical insurance Explainations of Benefit statements so that you can be sure that your medical insurance is/and has been paying what is required by them to pay.
We will also audit your personal investment statements to be sure that every dime you invested is accounted for and that your investment comany has accounted for everything that was transferred and deducted or paid out to you.  AGAIN - IT IS YOUR MONEY - LETS MAKE SURE IT STAYS THAT WAY!  WE WANT TO STOP FRAUD!
8:01 pm mst

Wednesday, October 1, 2008

If a customer pays for the same invoice twice, should the customer be informed?

I say yes.  If you become aware of the double payment when postng the customer's second remittance, I would double check your records to be certain your are not owed money from the customer and would then inform the customer.  If the check was sent in error, I would photocopy the check, document on the photocopy what had occurred, and then return it to the customer.

10:50 am mst

How do you prepare a company's first bank statement reconciliation?
First, enter each check that is appearing in your bank statement as "cleared". Now enter all checks that are in the range of dates you are reconciling and will be accounted for at the end of the period of time you are working on. Be sure that all deposits appearing on your bank statement are also recorded on your books.  If there is a deposit at the end of this period you are working on but it does not appear on your bank statement, enter it also with the appropriate date of depositing.
Now you will need to "Balance forward" the balance on your bank for the beginning of this period; ie: January 1, 2008.  In quickbooks, you will go to the reconciliation icon and fill in the ending period date, then "continue" and click on all of your deposits (include the Balance forward) and click on all of the checks that have cleared your bank account that is stated on your bank statement.  Your ending number at the bottom of the QB reconciliation page, should be $0.00.  This means that you have gotten all of the important information on QB to agree with your bank statement.
PRINT and RECONCILE at the bottom of that page and you are in balance.  Now check your chart of accounts "Bank" account in current assets at the ending date time, and you should balance to the Bank Statement less any and all outstanding checks and deposits that are not cleared.  Call me if you are running into problems with this concept. 602-793-0140.
10:24 am mst


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