Newtech Financial Services
We setup your QuickBooks Online and link it to your business bank accounts and all transactions from the bank are downloaded into your QBO register and we categories the transactions into their respective accounts in your general ledger. We setup your business Chart of Accounts to suit your business operations. At the end of each month, we generate your Financial Statements, General Ledger, Balance Sheet, and Statement of Cashflows Report.
We can also setup your Annual Budgets for your Income and Expense Accounts and at the end of each period product your business Profit & Loss Report comparative to your budget and show variance report. This comparative report will show your closeness in operating your business within your budget.