March 4, 2022 | 6-minute (1026 words)
Outsourcing is a feature of remote working environments across the globe. R...
Accounting is at the heart of any well-run company. Our accounting services make sure your books are in balance and error-free by taking care of everything from bank reconciliation and invoicing to cash flow management and year-end reporting. We also seamlessly integrate accounting and bookkeeping services into your preferred systems. All you have to do is review and approve. Done.
Your general ledger is the keystone to generating and preparing accurate and timely financial records. Using monthly reconciliation and reviews of key accounts, as well as providing and implementing all recommended changes, our accounting outsourcing services team create an accurate account of your general ledgers. Our process often includes opening/closing accounting periods, recording accounting activities for the period’s end, accruals, adjustments and closeout. We then review and analyze the general ledger trial balance for abnormal and inappropriate balances or any discrepancies, at which point we take corrective actions. Our outsourced accounting services team also analyzes trial balance relationships and develops controls to ensure the integrity of financial statement data.
Our accounting services team scours your bank statement to confirm that your transactions align with your balance sheet, so you can avoid discrepancies, errors or fraud.
We provide an accurate assessment of how a company’s spending and revenue generation meet the financial forecasting projections to identify areas over or under budget, whether you can or should hire additional employees, or even shine light on a gross profit margin that isn’t in line with expectations. The report is prepared monthly and reviewed with financial statements to determine areas of the business that are not meeting expectations and require further investigation.
Stay informed on the health of your business through our outsourced financial services, which give you access to detailed financial reporting, including income statements and balance sheets, so you’re aware of transactions, cash flow and reconciliations.
Escalon allows us/allows me not to worry about the back office accounting function at the end of the day. We really see Escalon as an integral part of our business as part of our team honestly, sharing in the success of us, growing the business tremendously, and helping us all along the way.
Bill Brownie, CFO of Eargo
One of the things that I know has been very helpful is keeping the expenses low on the accounting and financial side of my startup, so that I can focus primarily my efforts on the development of the product, research/development, and clinical studies.
Mitch Levinson, Cerebrotech Medical Systems Co-Founder & CTO
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We provide you with essential business services so you can focus on growth.