FinAccurate offers Small Business Owners of SMBs the best alternative for outsourced bookkeeping and accounting services. As the owner of a B2B business, you can spend more time running the business then being mired in accounting details with FinAccurate as your outsourced accounting services provider. We deliver business sense to you on a regular basis in the form of reliable, accurate and timely financials AND insight and recommendations to improve operations, processes and controls.

The FinAccurate Accounting Manager typically meets with our clients monthly to review financial reports with the Small Business Owner. Other reports may be generated and provided to the client’s CPAs as well.

FINANCIAL ANALYSIS

Standard analysis is completed and reviewed with each client monthly including major expense analysis, profitability analysis and variance of actuals to budget. Adhoc analysis is also prepared at the request of the client.

FINANCIAL REPORTING

The following are standards reports that are generally generated, analyzed and reviewed with the client and/or the CPA:

• Balance Sheet
• Profit and Loss Statement (month and YTD)
• General Ledger (typically provided to CPA)
• Cash Flow Statement
• Aging Accounts Receivable
• Aging Accounts Payable
• Prepaid Expenses by Vendor
• Accrued Expenses by Vendor
• Deferred Revenue by Customer
• Open Sales Orders by Customer
• Ad hoc reporting as appropriate/requested

BUDGETING AND PROJECTIONS

FinAccurate works with the business owner to develop annual budgets and update as well as updated forecasts and projections.

We work with all accounting systems ranging from enterprise software such as Oracle and SAP to online software such as QuickBooks and Sage (formerly Peachtree). Accurate bookkeeping services are essential to any business owner relying on reports to make informed decisions. As a Small Business Owner, you need peace of mind knowing your books are accurate and complete in a timely manner. Do you have a backlog of bookkeeping to be sorted through? No worries! Fin had 18 months of work for us to sort through and get updated. Our bookkeeping services include the following:

ACCOUNTS RECEIVABLE

• Billing/Invoicing
• Managing and collecting open receivables
• Revenue recognition
• Cash application
• Monthly statements
• Customer credit management – including establishing and actively managing credit limits

ACCOUNTS PAYABLE

• Invoice processing
• Payment processing
• Vendor master data creation and management
• Vendor statement reconciliation – typically completed for top vendors
• Vendor issue resolution
• 1099 Reporting

GENERAL LEDGER ACCOUNTING

• Bank account reconciliation
• Balance sheet account reconciliation
• Sales commission reporting
• Recording inventory activity
• Recording and reconciling credit card transactions
• Recording and reconciling payroll transactions
• Reporting indirect taxes (e.g., value added tax (VAT), goods and services tax (GST) and sales and use taxes
• Maintaining chart of accounts

• Supervision and review of accounting staff’s work
• Review of proper recording/recognition of revenue
• Preparation of adjusting and closing entries
• Balance sheet & profit & loss review
• Inventory management
• Fixed asset management
• Accruals & provision calculation and preparation
• Prepaid expenses
• Accrued expenses
• Accrued payroll
• Policies and procedures management
• Co-coordinating with select advisors including CPA or banker
• Tax & audit support

• Review employee timecards
• Track and report employee vacation and sick days
• Manage additions to payroll and terminations
• Submit payroll (commonly bi-weekly)