LLŪM manages the essential accounting functions contractors rely on every day. Our services are designed to keep financial records accurate, organized, and up to date.
Recording & Categorizing Financial Transactions
We record and classify all financial activity within your accounting system, including income, expenses, purchases, and payments. Proper categorization ensures accurate reporting and clearer insight into your company’s financial performance.
Bank & Credit Card Reconciliation
Our team reconciles your bank and credit card statements with your accounting records to confirm accuracy, identify discrepancies, and ensure every transaction is accounted for.
Accounts Payable Management
We track vendor invoices, record outstanding payables, and maintain organized payment schedules so your vendors are paid on time and your financial records remain accurate.
Accounts Receivable Management
We monitor customer invoices, record incoming payments, and track receivable aging to ensure consistent cash flow and fewer overdue accounts.
Invoicing & Bill Payment Support
Our team can assist with generating invoices, recording payments, and maintaining organized billing records to support steady revenue collection.
Payroll Processing Support
We assist with payroll processing, including wage calculations, tax withholdings, and payroll record management to ensure accurate and timely employee payments.
Financial Statement Preparation
LLŪM prepares key financial reports that provide visibility into your company’s financial health, including:
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
These reports provide the insights business owners need to make informed financial decisions.
Month-End Close Procedures
At the end of each reporting period, we review transactions, reconcile accounts, make adjusting entries, and close the books to ensure financial reports are complete and accurate.
Expense Tracking & Receipt Management
We help organize and categorize business expenses while maintaining supporting documentation such as receipts, invoices, and statements for compliance and reference.
Organized Financial Recordkeeping
Our team maintains structured financial records so your business is always prepared for tax filings, audits, or financial reviews.