Aranda's Accounting & Tax Services provides systems and services that are customized to meet your specific business needs.

Bank Reconciliation :
The process by which the bank account balance as shown on the bank's records is brought into agreement with the balance shown in your financial system or check register. Bank accounts should be reconciled monthly

Accounts Payable :
A ledger recording accrued outstanding debt. This is an accumulation of expenses whose value has been incurred made but for which no cash has yet been paid. Reports are used to show who you owe money to, how much and how old is the debt.

Accounts Receivable :
A ledger recording accrued revenue items. This is an accumulation of sales that have been made but for which no cash has yet been received. Reports are used to show who owes you money, how much and how old is the receivable.

General Ledger/Chart of Accounts :
A chart of accounts is customized to your business. Daily transactions are recorded by account and posted to the general ledger. Accounting can be done on a cash or accrual basis according to your business's needs.

Financial Statements :
The Financial Statements are prepared based on General Accepted Accounting Principles, Profit and Loss and Balance Sheet, Financial reporting may be monthly, quarterly and annually.

Computation and Records :
Payroll computed and checks written weekly, biweekly, semi-monthly or monthly. A report of the total hours employees worked during the pay period, employee names, total earnings, and the various deductions that are taken from the gross pay to arrive at the net pay. Customized reports are available.

Payroll Tax Deposits :
Deposits of your tax liabilities are made electronically semi-weekly, monthly or quarterly according to federal and state requirements. Taxes associated with payroll are:

• 941 Federal Tax Deposit (includes federal income tax withholding and social security/Medicare withholdings)
• FUTA (Federal Unemployment)
• SUI (State Unemployment Insurance)
• CA State Income Tax
• CA State Disability
• CA Employment Training Tax

Payroll Tax Reporting :
Reports filed for payroll taxes :

• 940 Employers Annual Federal Unemployment/FUTA
• W2 Wage & Tax Statement
• W3 Summary Wage & Tax Statement - filed annually with copies to Social Security Administration, IRS & State
• DE 6 State of CA EDD Quarterly Wage and Withholding
• DE 7 State of CA Annual Reconciliation Report