I need a very big help please. I attached the Company reference for this project

Question

I need a very big help please. I attached the Company reference for this project. Thank you in advance.

The QuickBooks in Action Project gives the students the opportunity to place into action the knowledge that have acquired throughout their accounting classes as well as the knowledge that they will leam during the computerized accounting class. Use the rubric as your main guide for the preparation of this report. Prepare a proposal for the client. You are trying to obtain this company as a client. Make up the information about yourself. 1. 2. Assume that you are an independent contractor. You own your own business. You offer the following services to the public: a. Tax return preparation b. Financial advising c. Bookkeeping services (QuickBooks) You wish to offer your bookkeeping services to the company known as Lynn's Music Studio. The company has a CPA firm prepare the tax return but they have a need for a bookkeeper as the CPA firm charges too much. The CPA firm recommended your firm 3. since you have a reputation for reliability and reasonable fees. You can obtain information about this company on pages 6-65 to 6-71 in your textbook. (Case 6-1). Gather all necessary information from Lynn's Music Studio in the textbook a. b. Determine all requirements necessary for the client Lynn Music Studio. You are offering only bookkeeping services. If you offer tax services you may upset the CPA firm that does the tax return and they may never refer you again.

Explanation / Answer

Proposal to the Company:

The director,

Lynn’s Music Studio

Dear Sir,

Sub: Proposal for Book Keeping Services

I would like to introduce myself as Mr. _____________, Proprietor of the accounting firm ____________.

Having graduated in Finance from _______________university, I started my practice in the year 2004 and have 14 years of experience in providing book keeping services to a large clientele. I have a team of qualified assistants, capable of handling book keeping assignments from more number of clients.

I have obtained certifications from E&Y on IFRS, certification from PWC in Financial modeling.I am recognized as a subject matter expert (SME) in Accounting Standards.

Our motto in profession is to provide value added service to clients at a very competitive price, lesser than what is being charged by big firms.

Have annexed the details of services offered by us.

Would be happy to have you onboard and assuring our best services.

Thanking You,

Sincerely Yours,

________

Following are the details are services provided by us in the “Book Keeping” package;

Recording of Expenses in quick books.

Recording of cash and bank transactions.

Preparing invoices to be issued to customers.

Filing vendor invoices.

Preparing Bank Reconciliation Statement.

Generating weekly MISs as per below description:

It may be noted that we do not provide the following services:

It is expected that the following information & documents are submitted to us on a timely basis, to enable us discharge the duties effectively;

If the above information is arranged to us, we would perform the activities in our location and submit the reports. There is also an option, whereby you can provide a seat in your office, our staff based on the requirement of the job, would sit in your office and discharge our responsibilities.

Fees charged by the CPA for the above service: $4000 per month

Tentative fees to be charged by us: $1800 per month

Savings to the company: $ 2200 per month

To

________ CPAs,

Dear Mr.________,

Thank you for referring us to Lynn’s Music Studio, for Book keeping services.It is a prestigious firm and I truly appreciate your confidence in our abilities and work ethics.

Thank you so much.

Best Regards,

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