May 25, 2022 | 4-minute (646 words)
High-achieving employees are hard to find. In fact, the Society for Human Resource Management estimates that in many c
The numbers alone can only get you so far. To make sure your financials are pointing you in the right direction, Escalon’s FinOps allocates time with a seasoned CFO who has the experience and insight necessary to make smart, informed decisions that will take your business to the next level. Done.
Our advisory team provides financial forecasting and financial planning insights to determine how your business decisions will affect growth in the short and long term.
Our financial management consultants compile in-depth reports — key performance indicators, break-even points, unit economics, profitability — providing you with real-time financial reporting to make informed decisions.
With our detailed financial projections in hand, you can present your business’s financial state to your board with confidence, letting your numbers tell the story.
Our CFO-level financial analysis and financial health reporting tools give you the thought leadership and key performance indicators you need to identify whether your company is thriving or just surviving.
Our financial budgeting tools will help you accurately anticipate capital expenditures, cash flow and more so you can chart a course forward.
Our detailed financial analytics break down patterns and identify outliers. We then leverage big data, through predictive financial analyses, to find the trends that will help or hurt your business.
Expenses that are unorganized and unattended expenses can throw your whole operation out of whack. We help you make sure that your bills, expense reports and credit cards are monitored and taken care of in a professional and timely manner. Done.
We provide accurate and timely payments for all recurring and nonrecurring bills. We provide verification and approval of bills from suppliers, making sure to reconcile them with services/goods receipts and purchase orders.
Our bill-paying services comprise:
Collating all bills that come from service providers and clients.
Keeping a detailed schedule of all payables.
Paying bills manually (check) or electronically.
Storing all bills electronically for easy access.
Delivering client reports on a regular basis.
Providing each client with their own private and secured fax number and email address to send invoices.
Furnishing complete year-end financial reports with assets and liabilities.
Disputing unwarranted charges.
Our financial accounting services team manages your accounts payable entries, ensuring vendors and suppliers are paid on time. We also make sure your balance sheet stays on track and up to date.
We check your credit card statements to verify all transactions made through your corporate card are accurately reflected on your balance sheet, keeping financials secure.
Without a steady inflow, your company can’t keep up the good work. We make sure invoicing, inflow and debts owed are paid to you in full. Done.
Our financial accounting services team
manages your accounts receivable entries and invoicing so you know who needs to pay and when, so you get what you’re owed when it’s due.
Our cash application specialists monitor your company’s cash inflow and maintain organized financial records. And we help you keep track of financial information with regular reports, which allow you to stay up to date on collection management if needed.
After verifying contact information and gathering details on a company that owes you money, we can effectively inform debt collectors on behalf of your business. Though we primarily call debtors to start, we also email, fax and mail a short demand letter, typically within one business day of the claim. Upon making contact, we try to find the reason behind the unpaid bills so we are better able to come up with a strategy to obtain payment, as quickly as possible.
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.
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.
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 with our detailed financial reporting, including income statements and balance sheets, so you’re aware of transactions, cash flow and reconciliations.
It is easier to stay on top of things when you have an eye on everything. From finances to benefits, we provide you with a dashboard that aggregates all of your providers and software platforms, so you know what’s going on in your business at all times. Done.
For decades, small- to mid-sized businesses without enterprise-level needs and resources had limited options for accounting software. But times have changed. There are now myriad software platform solutions that suit small- and mid-sized businesses without breaking the bank. We can work with your current platforms or help you source new ones perfect for your business. We then integrate them into our customizable Company Command Center that puts all of this critical information from across your business right at your fingertips.
Escalon’s experienced accounting and bookkeeping teams have the expertise you need on federal regulations and statutory compliance requirements for complete confidence your records will be current and risk-free. Done.
We provide you with tool alerts about upcoming requirements so you never miss mandatory business compliance filings. Submitting paperwork is as easy as clicking a button. And if you’ve already taken care of a filing, you can just as easily dismiss alerts.
We ensure filings are filed on time, accurately and conform with legal requirements.
Our tax processing professionals oversee every aspect of your federal taxes, from preparing forms and schedules to unearthing the best deductions for your business to filing with ease. Our tax management professionals also ensure that your state taxes are filed with care and expertise, and that all forms and schedules comply with your state’s specific regulations. Our sales tax services help you understand state laws related to sales tax, which products are eligible, and how to implement sales tax so your business stays compliant with local regulations.
Keeping tabs on your company’s advisers and software providers can be onerous. We alleviate this pain before it starts. Our Sure Setup gathers everything into a single place and connects it to our proprietary platform, ensuring your people, our people and all of your systems are in total sync. Everything and everyone are now on the same page, making your job easier. Done.
Escalon is able to save you time and eliminate frustration by identifying and optimizing the flow of information among invoicing, accounts receivable, banks and other information sources. These flows are then connected to our proprietary technology platform that automates everything, increasing accuracy and reducing time that would otherwise be spent on such tasks.
Once your workflows are up and running, we provide you with instructional information on what is being tracked and what needs to be done, and by whom.
Once we have created an optimized collection of platforms and procedures, we work to make sure everything is working together, seamlessly, so your responsibilities are as minimal as possible.
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
Get expert advice on every topic you need as a small business owner, from the ideation stage to your eventual exit. Our articles, quick tips, infographics and how-to guides can offer entrepreneurs the most up-to-date information they need to flourish.
May 25, 2022 | 4-minute (646 words)
High-achieving employees are hard to find. In fact, the Society for Human Resource Management estimates that in many c
May 24, 2022 | 5-minute (890 words)
When it comes to attending lengthy meetings, whether virtual or in-person, many employees have reached their limit. Al
May 23, 2022 | 6-minute (1077 words)
No matter the industry or size, every business needs several types of insurance coverage to protect its work and asset
We provide you with essential business services so you can focus on growth.