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Accounting Consultants
Welcome to Accounting Consulting! Solid financial records are the foundation of any financial plan. Businesses and individuals can all benefit from having key financial information at their fingertips for planning purposes. Tracking spending by category, investment performance, and budgeting are all key areas in managing one’s finances.
Would you like to be able to have your financial information available any time you need it? Do you end up paying an accountant exorbitant fees to sort through receipts, bank statements, etc.?
Accounting and Tax Software can help with:
1) Quicken or Quickbooks setup
a) creating accounts in the software for each of your bank accounts, credit cards, investments, etc.
b) setting up the accounts to access online banking capabilities. This allows for downloading transactions directly into the software instead of manually posting thereby saving time and money
2) Data entry
a) for most accounts, this can typically be done by downloading transactions via online banking
b) if you prefer not to use online banking for fear of internet security, manual data entry is performed
c) transactions are categorized into income and expense categories. These categories are used to provide several useful reports for tracking one’s financial situation.
3) Reconciliations and Reports
a) all accounts are reconciled on a monthly basis. Accounts can be reconciled with greater frequency, as needed.
b) using expense history and estimates, a budget can be created in a matter of minutes using the software’s budgeting feature.
c) Reports available include financial statements, budget to actual variance analysis, expense tracking, and more.
For businesses, have you considered a revenue accountant?
You may ask, what is a revenue accountant?
The Revenue Accountant is expected to understand software revenue recognition in a multi-element environment.
They should:
Prepare month, quarter, and year-end revenue accounting close functions
Prepare monthly revenue reports for management
Analyze and understand various service/product offerings and revenue/expense streams to ensure proper revenue recognition
Assist in quarterly and annual audits and ongoing management/analysis of VSOE and SOX
Preparation and completion of ad hoc projects and tasks
