USA Accounting & Taxation
Our bookkeeping outsourcing services are designed specifically for CPAs and accounting firms. Many CPAs work with small businesses to provide accounting and bookkeeping services. We provide the following services to CPAs:
For US CA, CPA and Accounting firms
The capability of accurate and timely financial information is the key to the successful performance of every business.
Our team of accountants and bookkeepers can assist you in any way you require. Our accounting outsourcing service covers all stages of the accounting process, from recording financial transactions in the books of business to classifying them into meaningful and orderly categories, summarize accounting data into useful reports, and interpreting financial data to aid decision-making.
End to End Outsourced Accounting Services for USA Businesses
We serve USA accounting firms in their accounting and tax returns preparation outsourcing needs, helping them increase profitability and streamline productivity.
USA Accounting firms can eliminate operational bottlenecks & streamline workload through our quick turnaround time and 2 stage review process. In tax season or other busy periods, we enable USA accounting firms to quickly scale up with us to meet staffing shortages.
Get more than 50% cost savings by hiring our experienced tax accountants with a fixed monthly fee or on per tax return basis.
With extensive experience in bookkeeping and accounting, we provide online bookkeeping services. By ensuring customer satisfaction, we offer value to outsourced bookkeeping. The following are the services that we provide:
- Bank Account Reconciliation
- Bank Feeds
- Credit Card Reconciliation
- Data Entry
- Accounts Receivable
- Accounts Payable
- Invoices Processing
- Bills Enter
- Batch Enter
- Finalization of Accounts
- Year End Journal Entries
Reconciliation allows us to keep track of the company’s cash status at regular intervals. The following points are included in the reconciliation process.
- Clear outstanding payments
- Clear deposit taxes
- Quick and precise matching of company’s book and bank balances.
- Prepare details of variances
- Verify consistency of balances
- Reconcile receivable accounts
- Reconcile payable accounts
We provide accounts receivable outsourcing services. These services allow us to concentrate on our core competencies, allowing us to boost our profitability and efficiency.
- Record and account for revenue
- Maintain client Bill and statements
- Reduce daily sales outstanding
- Maximizing the financial liquidity
- Reduce operational and administrative cost
- Prepare collection and cash flow management
- Customer creation and updates
- Booking of receipts
Supplier-facing processes are integrated and managed through accounts payable outsourcing services. We can reduce the cost of infrastructure, administration, human resources, and IT setup by doing so. It makes the accounts payable process a lot easier.
- Reduce accounts payable processing cost.
- Greater supplier satisfaction
- Customized reporting
- Integrate and manage supplier facing processes
- Supplier network management
- Exception resolution
- Multi-level invoice validation
In small enterprises, payroll services are critical. It benefits small businesses in a variety of ways, including the ones listed below.
- Payroll Sheet and Paycheck Creation
- From 940 – Quarterly
- From 941 – Annually
- Reporting and filling W2 and W4
- Employee insurance deductions
- Preparation of W1, W2, W3, 940, 941, 1099 Forms.
- Payment of taxes to state and federal.
- Preparation of payroll journal for upload into you accounting software
The management is unable to analyse the company’s development in numerous business activities due to financial reporting and analysis. The following are the points to consider when reporting on accounts payable and receivable management.
- Revenue and profit forecasting
- Monthly Accrual Postings
- Doing Year End and Month End
- Real time report updating
- Profit and loss statement
- Cash flow statement
- Empower outsourcing partners
One of the major services we provide to CPAs is fixed asset and accounting outsourcing to US businesses. This encompasses the following points, which are outlined below.
- Real time report updating
- Reporting solutions available
- Management reporting within the budget
- Expense and overhead analysis
Services for preparing tax returns
Business
We look after:
- 1120 – Corporations
- 1120S – S Corporations
- 1165 – Partnership Tax Returns
- 1040 – Individual Tax Returns
For tax preparation, we utilize the following software:
- UltraTax
- Drake
- Pro Series
Accounting Outsourcing Process
Setting Up A System
Design a system for sending data, assign timelines to different tasks, and allow them to approve.
Sharing of Data
Depending on your workload and needs, you can share your data daily / weekly via Dropbox, Google Drive, or email.
Processing of Data
Based on your input, we will start entering data into your accounting software and ask questions as needed.
Review & Follow Up
We regularly review our activities, seek feedback, and make corrections as necessary to provide the best possible service.
SOFTWARES WE USE
