Services

• Chart of Accounts, Coding and Reporting Concepts
  
• Manual of Accounts
  
• Authority Delegations
  
• Document Controls and Archiving
  
• Transaction Processing and Reporting Procedures
  
• Accounting System File Review
  
• Monthly Financial Calendar Thirteen Months Forward
  
• Paperless Conversion of Vendors And Customers
  
• IT Set-up and Training
  

Cash Receipts Processing

• Bank Accounts
  
• Merchant Accounts
  
• Daily Cash Receipts
  
• Merchant Account Processing
  

Sales And Accounts Receivable

• Sales Orders
  
• Customer Invoices
  
• Customer Statements
  
• Payment Applications
  
• Credit Memos and Refunds
  
• First Contact – Accounts Receivable Collection
  
• Customer Management: Set-Up, Maintenance
  
• Inter-company Accounting
  

Accounts Payable

• Vendor Bills Processing
  
• Credit and Debit Card Processing
  
• Vendor Payments
  
• Purchase Orders Processing
  
• Expense Reports Processing
  
• Vendor Management: Vendor Set-Up, Maintenance
  
• Inter-company Accounting
  

Inventory And Cost Accounting

• Cost Accounting And Standard Costs
  
• Inventory Transactions
  
• Inventory Valuation and Monitoring
  

Fixed Assets, Prepayments and Accruals

• Fixed Asset Accounting
  
• Prepayments and Accruals
  
• Journal Entries
  

Payroll

• Processing
  
• Payroll Checks
  
• Liability Checks
  

Cash Management

• Bank Reconciliation
  
• Bank Monitoring
  
• Low Balance Notice
  

Financial Reporting & Monthly Package

• Monthly Closing Procedures
  
• Balance Sheet, Income Statement, Cash Flow Statement
  
• Supporting Schedules
  
• Account Analyses
  
• Investigations
  
• AR Aging Report
  
• AP Aging Report
  

Other Reports

• Custom Reports
  
• KPI Reports
  
• Financial Analysis (for selected accounts and period)
  
• Financial Statements with Trend Reports (for selected period)
  

United States

• Upon effective date of contract, W-9 management for contractors and vendors
  
• 1099/1096 Reporting
  
• Sales Tax
  
• G-45 Filing
  
• G-49 Annual Filing
  
• G-17 Resale Certificate for Wholesale
  
• W-2
  
• W-3
  
• Payroll Taxes
  
• Federal (940, 941, 944, 940-V)
  
• State
  
• Review
  

Philippines

• Form 2550M – Monthly Value-Added Tax Declaration
  
• Form 2550Q – Quarterly Value Added Tax Return preparation
  
• Form 1601C – Monthly Remittance Return of Income Tax Withheld on
  compensation
  
• Form 1604CF – Annual Information Return of Income Tax Withheld on
  compensation and Final Withholding Taxes
  
• Form 1601E – Monthly Remittance Return of Creditable Income Tax Withheld
  (expanded)
  
• Form 1604E – Annual Information Return on Creditable Income Tax Withheld
  (expanded) / Income Payments Exempt from Withholding Taxes
  

Forecast and Budget Preparation

• Cash
  
• Profit & Loss
  

Assistance

• Assist auditors and tax accountants of clients by providing necessary schedules and
  documentary support and addressing their queries on specific transactions

Financial Expertise

• Periodic reviews of internal controls and best practice and efficiency recommendations
  
• Participation in management and board of directors’ meetings, as desired
  
• Advice and counsel, as appropriate
  

Optional: QuickBooks Hosting through MontPac

• MontPac will host and maintain the Client’s QuickBooks file and will provide login licenses for authorized Client staff. Alternately, MontPac can access the Client’s server and in this case, the Client will provide MontPac with the appropriate number of user login licenses.