Our Accounting Services go beyond day-to-day bookkeeping and focus more on financial oversight, analysis, and compliance. Here’s a breakdown:
- Financial Statement Preparation
- Producing accurate monthly, quarterly, and annual financial reports.
- Preparing balance sheets, income statements, and cash flow statements.
- Month-End & Year-End Closing
- Reviewing and adjusting entries (depreciation, accruals, prepaids).
- Ensuring books are closed accurately and on time.
- Compliance & Tax Support
- Ensuring accounting practices comply with GAAP/IFRS (as applicable).
- Preparing schedules and documentation for tax filings.
- Working with tax advisors/CPAs to file returns.
- Audit Support
- Preparing audit-ready financials.
- Coordinating with external auditors.
- Accounts Payable & Accounts Receivable Oversight
- Reviewing AP/AR processes managed by bookkeepers.
- Ensuring proper cut-off, accruals, and allowance for doubtful accounts.
- Payroll Accounting
- Recording payroll liabilities, taxes, and benefits accurately.
- Ensuring compliance with labor and tax laws (though actual payroll processing may be separate).
- Internal Controls
- Establishing and maintaining controls around spending, approvals, and reconciliations.
- Fraud prevention and compliance monitoring.
Higher-Level
- Budgeting & Forecasting → Developing budgets and monitoring performance against them.
- Cash Flow Management → Analyzing working capital needs, projecting cash requirements.
- KPI Reporting → Generating financial ratios and management dashboards.
- Advisory Support → Helping management interpret numbers to make business decisions.