Sophos Client Services Checklist.xlsx

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7	Smart Financials done for you
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9				Client Services Checklist
10	Category	"X" if Need		Service Item	Notes/Comments
11	Bookkeeping		1	Set up QuickBooks™ Online (or similar) with proper accounts and reports
12			2	Provide financial data entry not less than weekly
13			3	Submit payables reports and prepare checks with backup documentation
14			4	Process checks for mailing/collection and file documentation
15			5	Vendor communication and reporting as needed
16			6	Input client-submitted invoices monthly
17			7	Review accounts receivable monthly
18			8	Reconcile major accounts at month-end
19			9	Prepare and record adjusting entries at month-end
20			10	Prepare and process payroll per Client's schedule
21			11	Set up/document new hires as directed by Client
22			12	Review vendor-provided payroll reports
23			13	Prepare and submit monthly tax reports as needed
24			14	Perform other monthly closing activities as necessary
25			15	Prepare software-driven monthly financials
26			16	Provide year-end closing services
27			17	Liaise with third-party tax preparers
28			18	Prepare/distribute W2 forms using Client data
29			19	Prepare/file W3 transmittal using Client data
30			20	Prepare/distribute 1099 forms using Client data
31			21	Prepare/file 1096 transmittal using Client data
32			22	Prepare and populate reports monthly
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34	Controller		23	Cash management and inter-account transfer planning
35			24	Develop monthly reports and presentation formats
36			25	Develop cash projection recommendations
37			26	Analyze financial indicators with explanations
38			27	Record depreciation/amortization entries
39			28	Update capital equipment schedules
40			29	Accrual/recognition of interest and royalties
41			30	Adjust partners/equity accounts as needed
42			31	Create Excel-driven financial reports
43			32	Host monthly financial review meetings
44			33	Develop financial procedures and policies
45			34	Identify and recommend internal control improvements
46			35	Develop budgets and projections
47			36	Set up and maintain payroll service provider
48			37	Set up and maintain federal payroll tax accounts
49			38	Set up and maintain state payroll tax accounts
50			39	Set up and maintain property tax accounts
51			40	Set up and maintain sales tax accounts
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53	CFO Services		41	Cash flow optimization
54			42	Budgeting
55			43	Forecasting
56			44	Financial 'what-if' scenario modeling
57			45	Support for business development opportunities
58			46	Special projects
59			47	Borrowing prep and approval support
60			48	High-level financial strategy
61			49	M&A preparation
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63	Executive Strategic Services		50	Strategic growth analysis and consulting
64			51	Exit planning
65			52	M&A advisory
66			53	Executive coaching
67			54	Workshop/planning/meeting facilitation
68			55	Debt placement
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70	Other		56
71			57
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