Our Services

We offer comprehensive outsourced bookkeeping and accounting services.

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.

WHY FINACCURATE?

More bang
for your
buck.

We manage your books; work seamlessly with your CPA and payroll service provider and deliver insight to improve your business. Lower cost. Higher ROI.

We do the work.

Unlike bookkeeping services where the bookkeeper notes what accounting entries need to be fixed, we do the work: delivering timely, accurate and complete financials each month.

Experts in B2B businesses.

We have strong technical skills in complex accounting transactions including inventory management, cost accounting, cost analysis, profitability analysis, budgeting and forecasting. Our team has the breadth of industry experience to quickly understand your business while others only offer basic accounting services.

People and technology.

We offer the best of both worlds — people and automation. With FinAccurate, accounting professionals will be actively involved in the review and analysis of your financials. While automation enables efficiencies, we do not believe that automation alone provides the level of service that our clients need and deserve.

No bait and switch.

You have a team of proven professionals with one point of accountability. You meet your FinAccurate Accounting Manager during client setup and that same manager remains active and involved in your business.

Accounting
Details

Big Picture
View

We Deliver
Business Sense.

Financial analysis, reporting and budgeting

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.

Bookkeeping Services

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

Payroll Support

Our clients typically have a payroll service. However, there remains a need for someone to review and manage the information that the payroll service provider needs to run payroll. FinAccurate provides such services including the following:

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

Controller Services

Many clients require additional accounting services in the form of controller services to support the growing needs of their business operations. Below is a list of controller services that FinAccurate offers our clients as part of our outsourced accounting services:

  • 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

Tax Preparation & Tax Planning

Tax return preparation is best left in the hands of a tax professional with access to highly complex professional tax software and who can check the results against their knowledge of the latest tax laws. FinAccurate provides such services including the following:

  • Prepare your tax return with our professional software
  • Adjust or catch up your business or investment bookkeeping records so they are tax-ready
  • Check for every deduction you are eligible for
  • Double- and triple-check your tax return’s accuracy
  • Review any red flags generated by our tax software and inform you of any that might increase your risk or review or audit
  • Explain the complex in an understandable way so you can feel confident you’ve made the right decision
  • Electronically file your individual, corporate, and estate tax returns at the local, state, and national levels so you can get any refunds back as fast as possible
  • Provide you a link where you can check on your refund status
  • Keep you informed of due dates within the scope of our engagement with you so you can stop worrying whether you’ve forgotten to file something important
  • and more!

Typically, prospective clients have a year or more of bookkeeping backlog. So we find it best to first work through the backlog on an hourly basis and get your books caught up and organized. Then we can define a normal run rate for bookkeeping and accounting services to establish a fixed monthly investment.

To get started with our outsourced bookkeeping and accounting services, contact us to set up a discovery meeting. We will discuss your current situation, your top pain points and needs to then develop a plan to get you started!

I met Jay and was immediately impressed.

I referred her to one of my clients, an entrepreneur. For two years, my client is happy and we as his CPAs count on FinAccurate for thorough, accurate and timely financial records. The relationship works great. FinAccurate offers a high quality, efficient solution combined with business acumen not found with similar alternatives. I will continue to recommend their services.

Howard Flitt, CPA
Founding Partner
Paresky Flitt & Co.

Project Management Services

As our clients’ businesses grow, we assist in enabling them to scale. Our capabilities extend to project management where we manage implementing new software or technologies for our clients. Contact us today to discuss a strategic initiative that needs strong project management expertise.

Get Started.

Let’s schedule time to talk.

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BookkeepingFinancial AnalysisController ServicesPayroll Support