Tasks | What Staff Does | What JRK Does |
Bank Deposits | Prepares checks for deposits, makes deposits at bank. Sends deposit reports to JRK. | Enters deposit information into QuickBooks. *Some clients handle entering deposits into Quickbooks. AR Management Clients - JRK receives checks, posts and bank deposits. |
Paying Bills (AP Management) | Obtains & uploads bills to system, approves when to pay bills. If cash flow is problem decides which bills to pay. DIY Clients handle all bill related items. | Processes received invoices into system, routes for approvals, pays when authorized. AP Management Clients - Clients have all vendors direct AP matters to JRK for handling. |
Accounts Receivables (AR Management) | Invoicing, Receiving Payments, Statements, Matching payments in Quickbooks Invoices, et. DIY Clients handle all invoice related items. | JRK offers full service AR Services, including mailing, postage of invoices at additional fee. |
Expense Receipts | Scans receipts to app and then categorizes receipts | Reviews the scans and publishes expenses to Quickbooks. Reconciles to statement. |
Payroll | Submits Time Entries and authorizes payroll DIY Clients handle all payroll related items. | Processes payroll, tax payments and filings. Works with State and Federal Agencies on queries. DIY Clients - JRK does not handle payroll. |
Bank Statement Reconciliation | Obtains bank statements and handles all reconciliations for all bank accounts. | |
Monthly or Quarterly Financial Statements | Reviews for accuracy | Prepares financial reports. |
Nonprofit Donor Management | Records receipts of payments, sends thank yous and balances against deposits for accuracy | |
Sales Tax Management | DIY Clients handle sales tax alone. | JRK balances and pays out on schedule. |
Financial Management, Cash Flow, Budgets, Management Team Reports | Communicates to JRK which metrics are needed. | Weekly or Monthly Cash Flow, Budgeting, Advanced Financial Reports & KPI Metric Reporting Services are available upon request at additional fee. |
Makes Management Decisions | All | None |
