Initial Setup
Initial Setup
|
Step 1.
|
We will discuss your business needs and tailor approach, accordingly.
|
|
Step 2.
|
We will obtain an understanding of your existing system or set you up in a robust and secure cloud-based system.
|
|
Step 3.
|
We will set-up a process workflow in the cloud-based system that best fits the day-to-day activities and reporting needs of your company.
|
Routine and Non-Routine
Routine and Non-Routine
|
Step 1.
|
To process routine transactions, you will need to provide your source documents, e.g. billings, receipts, invoices, bank and credit card statements, etc. through the secured cloud-based system or provide us with access to the Company’s online POS, bank and credit card accounts.
|
|
Step 2.
|
As with non-routine transactions, such as additional debt and equity financing, asset purchase or sale, etc. you will need to upload the necessary source documents, e.g. contracts, debt and equity agreements, etc. and we will discuss these transactions with you to determine proper accounting.
|
Interim Close
Interim Close
Depending on your reporting needs, we will update your accounting records either daily, weekly, monthly and/or quarterly. We can setup through the cloud-based system and make management reports available based on the company’s desired frequency. Any unusual transactions identified during each close will be proactively discussed with management.
Year-End Close
Year-End Close
At the end of each year and prior to the preparation of annual tax returns, we will discuss with management the financial results and address any unresolved accounting issues.
