Financial Accounting Services
Annual Financial Statements & Budget
A comprehensive portrayal of the company’s operating activities.
Package includes preparation of Balance Sheet, Income Statement, Cash Flow Statement, and Annual Budget.
Month-End Close
An accounting process that finalizes and closes out all financial activity for a business for the preceding month.
Package includes all bank reconciliation, inventory, assets, accounting for payroll and benefits, prepaids, amortization, depreciation, revenue recognition, and accruals. Closing the income and expense accounts. Prepare monthly Balance Sheet, Income Statement, and Cash Flow Statement.
Accounting System Design
Setting up an accounting system is essential for a business. It is the database of information about the overall business transactions.
Package includes setting up a double entry system that records your assets, liabilities, owner’s equity, sales and expenses using an accounting software of your choice (Quickbooks, Sage, NetSuite, etc).
Audit Preparation
Preparing for an audit is crucial in ensuring that the company receives a clean opinion which essentially mean that the financial records are not materially misstated.
Package includes audit readiness and support which involves preparing documentations during audit.
Full Charge Bookkeeping
Manages all the business accounting needs.
Manage AR/AP, Bank Reconciliation, General Ledger, Journal Entries, Monitor Business Cash Flow, Tax Returns, Payroll, Taxes, Collecting and Preparing Data for Audit, and production of Monthly, Quarterly, and Annual Financial Statements.
Accounts Receivable
The outstanding invoices that a company client owe. The company has the right to receive. It refers to purchases made on credit for goods or services and pledges received. Typically includes product sales, donations, or membership fees.
Package includes managing, collecting, and tracking your accounts receivable.
Accounts Payable
Are obligations that must be paid off within a given period. The current liabilities in the balance sheet.
Package includes managing your overall accounts payable process - invoice capture, invoice approval, payment autorization, and payment execution.
Procure to Pay “P2P” cycle is an add on service. A series of processes carrying out all necessary activities from placing an order to suppliers and making payments.
Business Tax Management
Monthly ,Quarterly or Annually.
Service includes managing tax return, withholdings, sales tax, and income tax.
Financial Performance Analysis
The use of financial metrics help businesses and investors make better decisions. The Financial Key Performance Indicators (KPI’s) are use to track, measure, and analyze the financial health of the business. This category includes the measure of profitability, efficiency, liquidity, solvency, and valuation.
Profitability- analyze and determine whether the company make a profit . Efficiency- how well your business is using its assets. Liquidity- assess your business’s ability to meet short-term financial obligations. Solvency- a measure of how well the company deal with long-term debts and obligations. Valuation- used to analyze the attractiveness of an investment in a company.
Most common metrics are Profit Margin, Working Capital, Quick Ratio, Debt-to-Equity Ratio, Inventory Turnover, Asset Turnover, Return on Equity, Return on Asset, etc.
SERVICE Package - coming soon.