What We Do

Chart of Accounts

Comprehensive Asset Tracking:

Detailed accounts for all assets improve visibility into the company's resources and their value.

Accurate Revenue Classification:

Clear categorization of revenue streams helps in identifying profitable areas and optimizing sales strategies.

Precise Expense Management:

Detailed expense accounts allow for better budgeting and cost control, identifying areas for cost reduction.

Effective Liability Monitoring:

Tracking liabilities helps in managing debt levels and ensuring timely payments, maintaining financial stability.

Clear Equity Representation:

Proper recording of equity reflects the owner's investment and retained earnings, showcasing financial health.

Accounting Services

Financial Accounting:

Focuses on preparing financial statements and reports for external users such as investors and regulators.

Managerial Accounting:

Provides internal management with detailed financial and operational information for decision-making.

Cost Accounting:

Analyzes and controls costs associated with production and operations to improve efficiency and profitability.

Tax Accounting:

Deals with tax return preparation and planning to ensure compliance with tax laws and regulations.

Nonprofit Accounting:

Handles financial management for nonprofit organizations, focusing on fund allocation and grant compliance.

Accounts Receivable (AR) Process Management

Invoice Generation and Delivery:

Create and send accurate invoices to customers for goods or services provided.

Payment Collection:

Track and receive payments from customers through various methods such as checks, electronic transfers, or online payments.

Accounts Tracking:

Monitor and record outstanding invoices and payments to manage receivables efficiently.

Credit Management:

Assess and manage customer credit limits, terms, and risk to minimize potential bad debts.

Payment Application:

Apply received payments to the correct customer accounts and invoices to update balances.

Collections Follow-Up:

Follow up on overdue invoices, send reminders, and manage collection efforts to ensure timely payment.

Invoice to Cash Management

Invoice Receipt and Logging:

Receive and record invoices from vendors or service providers.

Invoice Verification and Matching:

Verify the accuracy of invoices and match them with purchase orders and receiving reports.

Approval Workflow:

Route invoices through the necessary approval process to ensure validity and authorization.

Payment Scheduling:

Determine payment dates based on invoice terms and prioritize payments.

Payment Processing:

Execute payments through methods such as checks, electronic transfers, or online payment systems.

Account Reconciliation:

Reconcile accounts payable records with bank statements and vendor statements to ensure accuracy.

Vendor Management:

Maintain up-to-date vendor information and manage relationships, including handling inquiries and resolving disputes.

Expense Tracking:

Monitor and categorize expenses to ensure they align with the budget and financial plans.

Compliance and Reporting:

Ensure compliance with regulatory requirements and generate reports for internal and external stakeholders.

Budgeting & Forecasting

Budget Preparation:

Develop initial budget drafts based on organizational goals, historical data, and strategic plans.

Revenue Projections:

Estimate future revenue based on historical performance, market analysis, and sales strategies.

Expense Planning:

Outline expected expenses, including fixed and variable costs, and allocate resources accordingly.

Budget Approval:

Review and obtain approval for the budget from relevant stakeholders, such as management or the board.

Variance Analysis:

Compare actual financial performance against budgeted figures to identify and analyze variances.

Financial Modeling:

Create financial models to simulate various scenarios and assess the impact on budget and forecasts.

Financial Reporting & Analysis

Financial Statement Preparation:

Compile and generate key financial statements such as the Income Statement, Balance Sheet, and Cash Flow Statement.

Variance Analysis:

Compare actual financial performance against budgeted or forecasted figures to identify and analyze variances.

Ratio Analysis:

Assess financial health using key ratios such as liquidity, profitability, and solvency ratios.

Trend Analysis:

Examine financial trends over time to identify patterns and forecast future performance.

Segment Reporting:

Provide detailed financial reports by business unit, product line, or geographical region to assess performance.

Cost Analysis:

Analyze costs to determine cost structures, profitability, and areas for cost reduction.

Revenue Analysis:

Evaluate revenue streams to understand sources of income and assess revenue growth and stability.

Cash Flow Analysis:

Review cash flow statements to assess liquidity, cash generation, and usage of cash in operations, investing, and financing.

Compliance and Regulatory Reporting:

Ensure financial reports meet regulatory requirements and standards such as GAAP or IFRS.

Management Reporting:

Prepare and present financial reports and insights to management for strategic decision-making and performance evaluation.

Transaction Logging

Sales Transactions:

Records of all revenue-generating sales and services provided.

Purchase Transactions:

Documentation of all business-related purchases and acquisitions.

Payment Entries:

Details of outgoing payments, including bills and other expenses.

Receipt Entries:

Records of incoming funds, such as payments from customers and other sources.

Adjustment Entries:

Adjustments or corrections made to previous transactions to ensure accuracy.