August 4, 2022 | 4-minute (810 words)
Processing invoices is a tiresome task, but it demands continued focus and…
Accounting Done™
Accounting is at the heart of any well-run company. We 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 into your preferred systems. All you have to do is review and approve. Done.
GL Management
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, we 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 experts also analyze trial balance relationships and develop controls to ensure the integrity of financial statement data.
Reconciliation
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.
Budget Versus Actual
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.
Reporting
Stay informed on the health of your business with our 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
The best part working with Escalon is having a trusted partner… There’s a level of trust in the partnership I have that gives me a sense of safety & security. At the end of day, I trust they got my back.
Kabeer Mamnoon, Ready State Marketing CEO
We view Escalon as a true business strategic advisor and partner of ours… They’re always one or two steps ahead of us and provide us with right recommendations, resources, and support to allow us to scale quite quickly and effectively.
Gabriel Padva, Revenue Accelerator CEO
We really feel that there’s a roadmap for a future expansion with Escalon as well. So I would highly recommend Escalon to small businesses and startups.
James Lin, Better Chinese CEO
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
My return on equity is really giving me that solid tax advice so I do make the transactions promptly and I lessen my tax burden. The benefit to me is saving more money in the bank.
Steve Herbert, Polaris Capital, Herbert Bay Area Properties, and Sincere Property Management President
I highly recommend any real estate company to call Escalon Tax Services. You’ll get wonderful service, kind attentive time from Pankaj Shah and his associates.
Janet Pepe Davis, Hometown Realty Broker & Owner
Well now that we have Escalon, our day to day operations are much easier for us to manage and much more efficient. And also, there’s far less mistakes, so it’s a big relief to all my board of directors.
Rory Faber, Kilgoris Project COO
The biggest solution and value that Escalon is bringing to Propel is helping us get time back. We couldn’t have closed our Series B without all of you.
Ray Hein, Propel CEO
Before Escalon we have to make many educated guesses to run our business – We didn’t have all the data at our fingertips. Now we have a sound basis of fact to use as we make decisions to run our business on a daily and strategic basis.
Gil Ben-Dov, Total Phase CEO
