Let us handle the day to day accounting so you can reduce costs and free
your mind to focus on guiding your business and caring for your customers.
How do we best serve your interests as one of our clients? We help you manage the business as your fully staffed accounting department. Our accounting clients are assigned a CFO, controller, accounting supervisor and accounting staff, which results in you having the accounting department horsepower to help you find ways to reduce costs, increase your revenue and improve your ability to serve your customers. Why endure the overhead expense of a full-time accounting department when you can have the depth of a fully staffed accounting department at a reasonable fixed cost?
Accounting is one of the easiest processes for a business to outsource, potentially saving you money. Through accounting outsourcing at Grennan Fender Hess & Poparad, LLP, we can help you reduce overhead, reduce operating expenses and free up valuable resources strained with competing priorities. You will be able to focus on day-to-day business needs while our experienced and highly trained accountants and CPAs handle your accounting. Why settle for a bookkeeper when you can have a fully functional, world-class accounting department to compete with larger businesses?
During our free consultation, we ask questions to gain a deeper understanding of your business, your goals and your vision for the future. We will discuss your current account needs and work together to develop a plan. We will recommend a choice of software solutions to help streamline your current processes or we can adopt your existing accounting system.
PROPOSAL FOR SERVICES
We will ask you to provide certain information, such as recent financial statements and bank statements. Based on the information we gathered during the initial consultation and upon reviewing these documents, we will customize our services to best suit your needs. Our fees are based on the nature of your business, the volume of transactions and the frequency with which you want the information updated (weekly, semi-monthly, monthly).
Fixed pricing – We will determine a monthly fixed price, which will be steady, predictable and easy to budget for you. This will allow us to focus on you and your business, not the clock. You will only be charged for the services you need and the time it takes for us to perform those services.
USING CLOUD ACCOUNTING
We utilize online tools to efficiently and securely obtain your transactional documents and information. We utilize many accounting systems, including QuickBooks (online and desktop), Intacct, NetSuites, Great Plains, Sage, Peachtree and others. We also use additional tools such as Bill.com, Expensify, Plan Guru, Shopify, Team Viewer, etc. to facilitate the accounting process.
We record and post the day-to-day transactions in the general ledger system based on the information agreed to during the proposal process. We reconcile period-ending balance sheet balances and reconcile due-to and due-from related entity accounts, and we propose adjusting entries as needed.
We manage the capitalization of your property and equipment and calculate and track its depreciation period to period. We provide ongoing communication with the management team and are available for meetings. We are part of your team.
Our team is your CFO, controller, accounting supervisor and accounting staff — We’re your accounting department.
Grennan Fender Hess & Poparad, LLP are staffed to handle the day-to-day bookkeeping function of your organization. We process your bills and manage your accounts payable. We also offer billing services, along with bank account reconciliation services. Our bookkeeping services include maintaining vendor files and collecting the day-to-day transactional information necessary to process monthly accounting and financial statements.
Financial statements provide information critical to managing a business. The information needs to be timely, reliable and in a format that follows the flow of your business. We work with management to gain a deep appreciation for what is important to communicate through the financial statements. We work with your management team to design the accounting system to capture transactional data, which provides information necessary to monitor the progress of your company. We prepare the monthly, quarterly and annual financial statements, including a balance sheet, income statement and income statement by department, business line or segment. We customize these statements to fit your exact needs.
Being proactive is one of our firm’s core values, and the budget process is an excellent example to demonstrate proactive management. A budget is never perfect — it’s an estimate, and it’s a tool used to monitor performance. The best budgets are built on industry experience, historical fiscal and operational activities, changes in the business environment and wish list items necessary to run a business. Budgeting is directly connected with the concept of proper fiscal guidance, necessary for proper monitoring and required for maintaining accountability. We work shoulder-to-shoulder with your management team to build budgets from the ground up. We work as a team to implement the proper monitoring and oversight processes to provide your leadership reliable and continuous reporting. As the business year evolves, operational and fiscal attributes naturally change, and as a result, ongoing budget maintenance is critical to the continuous fiscal responsibility. Ask us how our firm can do this for your business.
Our accounting clients enjoy freedom from stress when it’s time to prepare for the annual financial statement audit. We serve as the direct point of contact for the organization’s external auditors. We ensure organization is audit ready and directly work with the auditors to provide them supporting evidence along with reconciliations, reports and schedules prepared during the course of our accounting services. At the end of the audit, we read the audited financial statement draft and provide you with comments on the financial statements and related footnotes. From the beginning to the end of the audit process, our staff is your CFO, controller and accounting staff.
Grennan Fender Hess & Poparad, LLP are staffed to handle the day-to-day bookkeeping function of your trust or estate. We process bills and manage the accounts payable. We provide billing when needed, along with bank and investment account reconciliations to ensure adequate monitoring of the financial activity. We maintain the records, files and historical information needed to ensure fiscal integrity. We meet with the representative or trustee on a regular basis to go over the transactions, sign checks and provide financial statements reflecting fiscal activity to be reported to beneficiaries.
Watch a quick video to learn how Clarity Accounting can benefit your business.
At Grennan Fender Hess & Poparad, LLP our mission is to accelerate success through financial clarity.
Planning, efficiency and open communication define our firm’s approach to assurance and auditing. We operate at the highest level of integrity and objectivity and ensure compliance with ethics and independence standards. Our collaborative quality assurance and auditing services help you identify hidden opportunities or potential trouble areas. Click here to learn more about our Audit & Assurance Services.
Trying to navigate the federal tax code can be time consuming, complex and confusing. Most importantly, understanding which tax laws apply to you and what impact they have is critical to ensuring you can make decisions that are “tax friendly.” Click here to learn more about our Tax Services.
We believe in easy and open communication. For more information about how we can best serve you, click here to connect today.
Growing your business without a road-map can bring difficulties, inefficiencies and personnel challenges. Our collaborative Business Optimizer Process helps business owners and their executive team specifically define goals, benchmark current positions and develop and implement a plan to achieve them. The Strategic Services Group helps build the necessary value drivers to enhance the business value, whether ultimately transitioning to a third party or key employees. Click here to learn more.