Flores Financial Services - Professional, Reliable, & Responsive

Start-Up Services

• Perform financial analysis on current company accounting procedures and provide thorough report with recommendations and procedure changes to increase efficiency and profitability.
• Compile forms and documentation for all facets of business resources, including your company file in our accounting software, vendor files, payroll files with proper employee documentation, appropriate spreadsheets, etc.  
• Work with owner/store management to determine exactly which services are needed and how to customize those services to fit your needs.
• Meet with management to determine basic company conduct and policies.
• Conduct training on accounts payable, cost tracking, sales reporting, FFS Flash Reporting via FFS online Services and other basic bookkeeping duties. 
• Implement appropriate accounting programs and work with owners to set company goals and meet reporting needs.
• Develop and write business plans, pro-formas and consulting reports

Accounting Services

Accounts Payable

• Process all invoices, expensing them to proper accounts 
• Perform weekly payment selections and review with client as needed
• Perform weekly accounts payable check runs & handle check mailings
• Handle all recurring payments and reconcile with general ledger
• Maintain all vendor files and handle all vendor inquiries
• Maintain and produce all 1099s
• Provide reports as needed including G/L detail, vendor purchasing reports and COGS analysis 

Accounts Receivable

• Produce accounts receivable invoices as needed
• Maintain A/R customer accounts and bill customers as scheduled
• Process all payments and reconcile all outstanding A/R items
• Prepare management reporting
• Ensure A/R accounts are properly reported on balance sheet

Sales and Budgeting

• Assist client in setting up POS system to properly produce sales reports
• Input sales reports from POS system to MAS200 general ledger
• Reconcile all cash, check and credit card payments
• Audit daily sales with client’s promotions and coupons
• Update sales daily to FFS Flash Reporting via FFS online Services
• Audit, complete and process all Sales Tax prepayments and quarterly returns
• Handle any sales tax audits on behalf of our client
• Provide trend, variance and other sales reports as requested
• Write budgets appropriate to client’s sales and operating mix
• Assist client in maintaining budgets and analyze budget to performance variances
• Implement budgets to report on customized financial statements
• Upload budgets to FFS online module to integrate with FFS Flash Reports

Fixed Assets

• Track purchases of fixtures and equipment and leasehold improvements
• Provide schedule of these assets 
• Maintain property tax files and process all property tax payments
• Complete and file property tax statements, 571-L
• Work with client’s preferred CPA to maintain depreciation and amortization schedules

Financial Statements & Customized Reporting

• Produce accurate, timely and customized financial statements each period that will allow the client an opportunity to thoroughly understand their numbers and profitability
• Produce customized P&L, Balance Sheet, Statement of Cash Flows, Inventory Trend Report, Executive Summary Reports, Trend Reports, and Investor Reports
• Complete bank reconciliation each period
• Review the financial statement and provide feedback to client on areas of improvement or hidden profit potential
• Work with the client to understand the “numbers” in plain English
• Upload finalized P&L to FFS online module 

Payroll Services

• Process all payroll checks, direct deposits and payroll taxes on client’s set labor period end and pay date schedule
• Handle all worker’s compensation audits on behalf of the client
• Produce labor to sales reports
• Integrate all payroll expenses to the general ledger
• Customize the FFS online module to integrate payroll and payroll reports
• Work with the client to set POS system to produce accurate labor reports
• Complete and file all quarterly payroll tax returns
• Complete and file all employee garnishments, EDD requests
• Handle all benefit, vacation and PTO accruals
• Process 401k programs
• Issue all manual payroll check requests for terminations, pay rate changes, etc.
• Maintain employee payroll records and process all W2s at year end 

Technology, Partners and FFS online Services

• Flores Financial has partnered with CTUIT to bring our clients the best, instantaneous and accurate reporting software available in today’s market
• Real time access to internet based software that gives you instant access to timely business information to make decisions now
• Integrated software with your POS software and Flores Financial accounting software MAS200
• Instant access to key performance metrics and FFS Flash Reporting
• Daily operations statement
• Polls sales nightly and exports to FFS daily to balance and audit sales
• Decrease paper trails with the upload file manager
• Scheduling module
• Charts, graphs and key reports in a user friendly, easy to understand format
• Budget tools and focus widgets
• Cost of Goods sold controls and tools
• Maintain strong communication at all levels with the OML (online manager’s log)