Our Services
Bookkeeping Services
If your business does not currently have an accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
Financial Statements
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
Payroll Service
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Our payroll service professionals are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become.
Tax Payment
Foster Accounting provides tax services to local businesses and individuals throughout Indiana. For businesses, we provide a multitude of services designed to minimize your company's tax liabilities and maximize profits.
Invoicing
Your business is too valuable to lose customers simply because of temporary cash shortage, you couldn’t get a loan, slow pay, distressing collection calls, or because you can’t afford to or don’t want to wait for payment. Rely on a factoring company so you don’t have to turn away or lose business because of cash flow. Factor Funding offers the financial services you may need. We have your business solution for your business invoicing.
Month-End Reporting
At the close of each month, you need to complete a month-end report to keep your accounting statements updated. The month-end report adjusts your ledger for monthly transactions. This includes recording loan payments, reducing the value of business assets by their depreciation, writing off any bad debts and recording entries for prepaid expenses. The month-end report is also used to review the past month's transactions and make sure everything has been properly recorded. If your accounts do not balance, the month-end report is a time to correct any accounting errors.
Accounts Receivable
As an accounts receivable specialist, your first responsibility is to respond to basic client inquiries and other clerical tasks related to maintaining the accounts receivable records for your organization.
Accounts Payable
If your business is such that you need help from a bookkeeper with accounts payable, cutting corners doesn’t work and you need a more rigorous process.
Foster Accounting is a fantastic tool for that. Companies today are continually being challenged to reduce costs, extract the most value possible from their expenditures, and meet complex regulatory requirements. Foster Accounting’s innovative and flexible Accounts Payable Services provide customers with the ability to transform their accounts payable processes into a smoothly delegated system which is driven by business rules, resulting in lower processing costs, improved controls, higher service levels, and higher business intelligence. These services have been developed by Foster Accounting based on its extensive process experience and deep understanding of customers’ needs across industries.
When you outsource your accounts payable to Foster Accounting you do not have to worry about your bills being paid on time. We handle all payments and help manage your cash flow. We have full-time specialists handling your accounts payable at a fraction of the cost of having one of your employees maintain it. You will see a reduction in the cost of handling your accounts payable, allowing you to put the savings back into your business.
