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December 24, 2021
Accounting Done™ refers to a unified platform for bookkeeping, invoicing, cash flow management and year-end reporting for businesses offered by Escalon. Our highly trained accounting professionals will expertly manage all of your business’s accounting requirements without the expense of hiring a similar in-house team.
The goal of Escalon’s accounting services team is to ensure that your business’s books are in balance and error-free. Our professionals take care of everything accounting-related, from bank reconciliation and general ledger management to financial reporting. They will also seamlessly integrate automation into your systems. All you have to do is review and approve their work.
Accounting Done™ comprises the following four elements:
A properly maintained general ledger is the cornerstone of precise, timely financial records. Our accounting experts will create an accurate account of your general ledgers using monthly reconciliation and reviews of key accounts. We will also implement and provide you with recommended changes.
Our GL management process entails:
The accounting team will review and analyze the GL ledger trial balance for abnormal and inappropriate balances or any discrepancies. At this point, we aim to take corrective actions in your financial records. Also, we will analyze trial balance relationships and develop controls to ensure the integrity of your financial statement data.
Under Escalon’s Accounting Done™ services, our accounting experts will review your bank statements to confirm that transactions align with your balance sheet to make sure there are no discrepancies, errors or fraud. In doing so, we ensure your data remains secure and confidential.
Our accounting experts will analyze your company’s spending behaviors and revenue generation methods to ensure that you meet financial forecast projections. We identify areas over or under budget and assess whether you can, or should, hire additional employees.
Your Accounting Done™ associate will also prepare monthly reports and review financial statements to determine business areas that are not meeting expectations and require further investigation.
Our accounting team will keep you apprised of the health of your business with detailed financial reporting. We accomplish this by preparing your monthly financial reports including income statements and balance sheets, so you’re aware of transactions, cash flow and reconciliations.
Benefits of Accounting Done™ services
Our accounting experts can work 24/7 with you to complete all your crucial tasks as scheduled or ahead of time. Here are the benefits of leveraging Accounting Done™ services.
With Escalon’s Accounting Done™ services, you can save on payroll costs of full-time, skilled accountants. Furthermore, you don’t have to invest money in accounting software or equipment.
Our experienced accounting team can analyze your financials and identify positive changes you can make to free up more of the business’ cash. Also, we can identify additional funding options for your business and help you process the paperwork for such applications.
We’ll provide you with access to a team of highly skilled and trained experts that employ cutting-edge technology and processes to guarantee your data is correct and safe. We enable you to take advantage of the latest technologies at no additional expense. Further, we can assist you in obtaining applicable Small Business Administration assistance programs and advise you on how to best use any funding received.
Our experts are also up to date on all the latest regulatory requirements. So, they can help ensure you remain compliant with evolving regulations that affect your business.
Equipped with broad knowledge and expertise, our accounting professionals will help you scale and expand seamlessly while dealing with the complexities associated with mergers or acquisitions.
Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.
Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.
Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.
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