Accounts Receivable
Managing accounts receivable takes a toll on a business’s limited resources, taking up time that could instead be invested in growing the business. Bookkeeping 360’s offers you high-reliability so that you can maximize efficiency and focus on growth opportunities which will ultimately reduce the cost of managing accounts receivable without sacrificing quality and swift account turnover.
Bookkeeping 360 provides several key advantages for firms looking to offshore their accounts receivable. We employ Dedicated Operating Teams who run and function as if they were the in-house accounts receivable department of your business, tailor fitting processes to make them more efficient and convenient to your business.
Accounts Payable
Bookkeeping 360 offers proven and systematic accounts payable outsourcing services that help our clients simplify procure-to-pay operations. We help them ensure maximum accuracy to your accounts payable management with the aid of our dedicated accounting specialists handling it.
At Bookkeeping 360, you can easily open and track purchase orders and transactions. You can track costs and eliminate errors by monitoring your entire business process flow through purchasing, receiving, and account payables.
Our experienced team of accounting analysts will handle your entire purchase order process including updating fields, database entry, fulfillment tracking and shipping delivery, depending on your needs. We understand that PO processing needs to be done accurately and on time to ensure client satisfaction and improve order-to-cash performance.
Vendor Reconciliations
Vendor statement reconciliation allows you to make sure that there are no inaccuracies or mistakes in the amount that vendor charges you and the services, inventory or supplies you receive. Vendor statements usually arrive at the same time every month. Vendor statement reconciliation needs matching the vendor statement’s line items with the invoices.
Bookkeeping 360 offers the unique service of vendor statement reconciliation to various prospects including corporate firms. We ensure that you will get highly accurate results within the given deadlines.
Bank/Credit Card Reconciliation
Credit card and Bank reconciliation help an organization to make sure that a bank or credit card company has not performed any error. It is really important for an organization to perform a credit card/Bank reconciliation process at regular intervals to ensure that you haven’t missed any business deductions.
There are some important things, which you will require for the reconciliation of your credit card/bank. These things are your credit card/bank receipts, credit card/bank statement, and the system for reconciling the receipts. Basically, you would like to get away to ensure that your receipts match up with the amount that is billed on the credit card/bank statement.
Cash and Accrual Accounting
Bookkeeping 360 offers accrual-basis reporting to recognize your revenue and expenses during the period when transactions actually occurred. We can record your prepaid and accrued expenses, accrued payroll, and deferred revenues. This could also be applied to your prepayments.
Monthly Account Entries including GL Adjustment
An important part of closing the accounting books for your business is posting to the General Ledger any corrections or adjustment entries you find as you close the journals. This type of posting consists of a simple entry that summarizes any changes you found.
The process of proving out your journals, or any other part of your bookkeeping records, is a good opportunity to review your internal controls as well. As you find errors during the process of proving out the books, keep an eye out for ones (probably similar errors that appear frequently) that may indicate bigger problems than just bookkeeping mistakes. At bookkeeping 360 we ensure that you will get highly accurate results within the given deadline.
MIS/Monthly, Quarterly or Annual Reporting
Ensuring relevant and useful internal and external business reporting and senior management in making decisions and facilitating the understanding of the performance of organizational functions or units by producing various kinds of reports, CEO dashboards, Variance analysis, Rolling forecasts, Commercial billing variance, etc.
The primary function of MIS is to help stakeholders to take an action, answer a question or ask the right question. The questions or actions should directly relate to tactical or strategic goals.
Financial Statements
The need or importance of a financial statement is to satisfy the needs of the users of the financial statements and which provides relevant information’s about the business to the interested parties like the Government, management, creditors, share holders, etc.
Clients can avail accuracy and clarity in financial reports with our professional financial statement preparation services for your balance sheets, income statements, report analysis, and financial statements.