Accountancy, Bookkeeping And Payroll Service

Accorp is a leading financial adviser firm with in-depth domain knowledge of the business and regulater environment that enable our clients to meet their strategic aspirations

End-to-end payroll processing

Auditing

Period End Accounting

CFO Services

Accounts payable i.e. Procure to pay process (P2P)

Accounting & Bookkeeping services

Accounts Receivable i.e. Order to cash process (O2C)

Payroll setup
Entering YTD information’s
ITime & Attendance System
Processing Payroll
Calculating employee and employer’s taxes
Direct Deposit
Depositing payroll taxes
Filing quarterly and annual payroll tax (940, 941)
Prepare and file year end payroll tax forms (W-2, W-3 & 1099)
Payroll reconciliation and balancing W-2

Vouching
Analytical procedures to check the reasonableness of expenses, e.g. depreciation reasonability
Variance analysis, involving identification of key differences and find the reason for the same
Entry of checks with relevant information and processing ACH and wires
Perform and document substantive procedures
Preparation of audit report

Preparing financial statements
EOY journal adjustments
General ledger scrutiny
Reconciliation of assets and liabilities at EOY
Analytical review and variance analysis
Preparation of cross reference working paper files
Preparation of excel schedules and working to support financial statements
Management accounts monthly/annually

Business Plan
Budget & forecast
Review Meeting
Reengineering of Process
Restructuring of Finance function, setting roles, responsibilities and authorities
Implementation of Accounting software’s, data migration, testing, user roles, mapping of chart of accounts, reports designing.
Management Dashboards
Accurate and timely vendor reconciliation
Issue of 1099s to vendors

Entering purchase invoices on the basis of supporting documentation like purchase orders, contracts and other related documents
PO based invoice processing involving matching of invoices with packing slips/goods receipts and purchase orders
Processing of AP invoices with tracking of input taxes such as Sales and use tax
Entry of checks with relevant information and processing ACH and wires
Processing of utility bills in accounting software based on scanned bills and/or by accessing online utility accounts
Creation and maintenance of vendor database
Ageing of payables and tracking of payables to ensure early payment discounts and/or adherence to existing payment terms
Accurate and timely vendor reconciliation
Issue of 1099s to vendors

Accounting system setup
Entering bank and credit card transactions
Bank and credit card reconciliation
General ledger accounting
Allocating the account entries
Entering payroll transactions
Reconciliation of payroll
Fixed assets accounting
Inventory Maintenance
Clean up or historical accounting
Preparing financial statement
Balance sheet reconciliation

Entry of sales invoices based on timesheet, sales orders, purchase orders and contracts
Customer payments/receipts processing
Reconciling sales booked through POS (Point of Sale) systems/online stores with the accounting system
Ageing of receivables and receivables tracking
Voice and email based collection support
Track and resolve delinquent accounts
Customer ledger maintenance
Customer profitability analysis – Know which customers are most profitable
Sales Order Processing Services
Receipting/Cash Application Services
Customer reconciliation and emailing of customer statements
Maintenance of customers database
Tracking of customer security deposits
Tracking of 1099’s issued by customers

Accorp has developed the traditional auditing role into a process that helps us gain a deeper understanding of our clients’ needs.

Our process uses knowledge and wisdom to provide value-added suggestions that help our clients achieve financial and operational success.

STRATEGIC INSIGHTS AND INPUT FROM YOUR OUTSOURCED CFO

Our professionals provide high-level expertise that help businesses make sound financial and accounting decisions and assist in making processes and technology run more efficiently. The benefits of outsourcing high-level finance and accounting functions include meaningful and succinct financials that stem from the fresh ideas, new answers, and strategic input that the experts at Sikich can provide.

Sikich helps determine, construct, and manage a financial path for business success by providing:

Business projections
Cash flow planning and predictions
Clean, accurate financial and accounting data
Competency in answering financial/accounting questions
Consultative services
Development of financial processes and metrics
Financial management of growth and rebound phases, including acquisitions and expansions
Strategic direction, forecasting, and solutions
Streamlined processes
Tax planning and audit facilitation
Wealth preservation and wealth creation guidance
Workflow assessment and mapping

FLEXIBLE ACCOUNTING SUPPORT TO MEET YOUR BUSINESS NEEDS

There is more to accounting than bookkeeping and payroll. Sikich offers comprehensive outsourced accounting solutions that meet every business need. Customized plans ensure you receive the exact services you need to succeed. Count on us to handle the entire function or just specific parts of it. Our capabilities include:

BOOKKEEPING

PAYROLL