The ultimate goal of our Transactional Services is to provide you with timely and accurate financial statements. Although this sounds simple enough, there are many steps that go into financial statement preparation. Let’s take a look.
We begin by reconciling all your bank accounts and credit card accounts while recording all accounts payable and receivable activity. We then proceed to book all month-end, quarter-end, and year-end adjusting accrual entries to ensure all your organization’s revenue and expenditures have been accounted for in the proper reporting period.
Whether you are using ‘Stripe’, ‘Paypal’, or other data-capturing applications, we’ll work with you to integrate your financial technologies with your accounting system to ensure you’re equipped with a state-of-the-art financial ecosystem.