We specialize in outsourced accounting with a team of seasoned accountants who can provide support on a ongoing monthly basis and also on a project-by-project basis. Our goal is to align our work product to the standard accounting cycle.
By using the Accounting Cycle to manage the day-to-day accounting, we have found that it standardizes, saves times and helps minimize the number of days for month end close.
As a customer, this provides you with standardized services that are efficient and less time consuming. In the end that saves you money!
Most of our clients use QuickBooks – Online, Enterprise or Desktop. We also have experience with NetSuite and Sage Intacct.
Accounting Functions and Activities
- Real-time Transaction Processing
- Account Reconciliation
- Bill Processing and Payments
- Receipt and expense report reconciliations
- Payroll processing and compliance
- Customer invoicing and recurring billing
- Management Reporting
- General Ledger Maintenance
- Cash Management and Cash Flow Projections
- Month-end Close and Financial Statement Preparation
We can also help start-up organizations by the following three start-up or re-start (re-baseline) packages listed below.
- Basic
- Enhanced
- Pro
All our Packages come with a free thirty-minute consultation where we discuss your business, accounting issues, goals and objectives.
Basic
Scoping and Discovery
- Consult with leadership team and staff regarding income, expenses, and business goals
- Prepare preliminary accounting structure (Chart of Accounts, program classes, departments)
- Accounting Software Set-up
- Set up QuickBooks Online (QBO) subscription
- Implement accounting structure and basic reporting, including: Balance Sheet, Profit and Loss
- Connect online bank account data to sync transactions
- Set up other software as-needed: Donor database, Payroll software, Bill Pay, Expense reimbursement
Enhanced
Basic Package PLUS
- Operational Policies and Procedures
- Accounting Policies + Procedures manual
- Prepare written manual outlining Accounting Method, Internal Controls, General Ledger, Reporting, A/R and A/P, Payroll, Fixed Assets, Restricted Funding, Liabilities, Month-end/Year-end Close, and Audit/Tax prep
- Prepare Finance Calendar
- Establish calendar deadlines for recurring entries and reporting (payroll, AP, AR, reporting deadlines, board meetings, etc.)
PRO
Enhanced Package Services PLUS:
- Monthly Financial Board Package
- Financial Statements including: (Profit & Loss and Balance Sheet
- Annual Budget
- Review and analyze financial data to determine projections and set financial goals
- Prepare master budget document for annual expenses and revenue
- Plan for budget adjustments, various alternative scenarios, identify Key Performance Indicators (KPIs) and forecast financial projections
- Create budget calendar and forecasts for 12-month period
- Finalize budget document and send to Board for approval
