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We offer a variety of services tailored to the individual needs of our clients, however they can be outlined as :

Single entry

The most basic bookkeeping report. This is an accounting method in which transactions are recorded as a single entry, rather than debit and a credit as in double-entry bookkeeping system, taxable income in most of the times is just the difference between cash expenses and cash income receipts over the relevant time period. No check book reconciliation, and no balance sheet. Single-entry systems are usually adequate where operations are especially simple and the volume of activity is low.

Example:

 
 
Separating Revenue and Expenses
 
 
DATE DESCRIPTION EXPENSES REVENUES
02/09 Store supplies expenses
350.00
 
05/09 Store repairs expenses
425.50
 
11/09 Income for services
330.75
15/09 Car maintenance expenses
216.00
23/09 Income for services
401.75
 

Double entry

A more comprehensive accounting report. This accounting system is the basis of the standard system used by businesses and other organizations to record financial transactions in all over USA and the entire world. This system is called double-entry because each business transaction is recorded in at least two accounts. Each transaction results in at least one account being debited and at least one account being credited, with the total debits of the transaction equal to the total credits. We will prepare a bank account reconciliation, Income Statement and Balance Sheet for your businees.

Example:

 
DATE
DESCRIPTION
DEBITS
CREDITS
 
 
02/09
Store supplies expenses
350.00
   
      Cash in Bank  
350.00
 
 
11/09
Cash in Bank
330.75
   
      Income for services  
330.75
 
 
11/23
Car repair expenses
216.00
   
    Bought new equipment
963.25
   
      Cash in Bank  
1179.25
 
Quarter financials. For those on a limited budget we can run the results of the prior three months into one financial statement. It is not recommended for clients that are growing or larger businesses.

Payroll processing.

We will process your payrolls for you, we can filed all aplications (federal and state forms) for your convenience, prepare the necessary tax deposit information (8109 coupon or e-file), file the applicable federal and state reconciliation forms, provide W2's to your employees at the end of the year.

We can also process your payroll checks, with customized logo and information about your company, you just have to sign and handle it to your employees; or we can provide you our Electronic Payroll Payment System, transfering all payroll to your employees bank accounts, easy, secure and fast.

We offer this system in each BBS branch office, also this service can be provide it from our specialized office on payroll procesing located in Oklahoma : www.psspayroll.com

Prepaid audit.

Through an affiliated company we can offer a fixed price prepaid audit fee program that will protect you from the costs of defending a federal income tax audit.

Company formations. We are not attorneys and encourage you to seek legal assistance in these matters but we can help you get your company formed and select the right corporate entity for your needs.

Tax returns. Federal and state returns for individuals, corporations and partnerships.

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