Monthly Outsourced Accounting Services
Accounts Payable Transaction Support
Process invoices, payments, and vendor statements using AI-powered software that can automate data entry, validation, and approval workflows. Monitor and manage cash flow, optimize payment terms, and ensure compliance with tax and regulatory requirements.
Accounts Receivable Transaction Support
Generate and send invoices, collect payments, and manage customer accounts using AI-powered software that can automate billing, reminders, and reconciliation processes. Improve customer service, reduce bad debts, and enhance revenue recognition and reporting.
Monthly Balance Sheet Reconciliations
Reconcile bank accounts, credit cards, loans, and other balance sheet items using AI-powered software that can automate matching, clearing, and posting transactions. Identify and resolve discrepancies, ensure accuracy and completeness, and prepare reconciliation reports and supporting documents.
Payroll Processing
Process payroll, taxes, benefits, and deductions using AI-powered software that can automate calculations, filings, and payments. Handle employee queries, maintain payroll records, and ensure compliance with labor and tax laws.
Month-End Close
Perform month-end closing activities, such as adjusting entries, accruals, depreciation, amortization, and allocations, using AI-powered software that can automate journal entries, consolidations, and eliminations. Review and verify financial data, ensure adherence to accounting standards and policies, and prepare closing reports and schedules.
Financial Statement Preparation
Prepare and present financial statements, such as income statement, balance sheet, cash flow statement, and statement of changes in equity, using AI-powered software that can automate formatting, grouping, and mapping of accounts. Perform financial analysis, variance analysis, and ratio analysis, and provide commentary and insights on the financial performance and position of the client.
Budgets & Forecasts
Prepare and update budgets and forecasts, such as revenue, expenses, cash flow, and capital expenditures, using AI-powered software that can automate data collection, modeling, and scenario analysis. Compare actual results with budgeted and forecasted figures, and provide feedback and recommendations on how to improve efficiency and profitability.