Introduction:
Fast growing companies don’t struggle because they lack data they struggle because the data doesn’t tie out, isn’t timely, or can’t stand up to auditor scrutiny. Our month end close service gives you a disciplined, repeatable close process run by experienced accountants, so your team can focus on decisions, not debits and credits.
What We Do
- General Ledger Reconciliations. We deliver clean, supportable reconciliations for all key balance sheet accounts:
- Bank and cash reconciliations
- Accounts receivable and accounts payable tie-outs
- Inventory and COGS reconciliations
- Fixed asset and depreciation schedules
- Prepaids and accruals
- Payroll and benefits reconciliations
- Credit card and employee expense reconciliations
- Intercompany balances and eliminations
- Deferred revenue and contract liabilities
- Journal Entries & Adjustments. We prepare and post properly documented journal entries:
- Accruals for expenses and goods/services received not invoiced
- Revenue adjustments and reclasses
- FX revaluation entries
- Depreciation and amortization
- Lease accounting entries (e.g., ASC 842)
- Equity-based compensation expense entries
- Loan interest and amortization
- Other recurring and non-recurring adjustments
- Revenue month end support. For SaaS and other recurring-revenue models, we can take over the mechanics of the revenue close:
- Monthly revenue calculations based on contracts and billing data
- Contract asset and liability roll forwards
- Cutoff procedures for revenue and deferred revenue
- Unbilled revenue and accrued revenue schedules
- Checklists to ensure compliance with ASC 606 / IFRS 15
- Help with month end close. At the end of each close, depending on your requirements we can help with:
- Balance sheet reconciliation month end reporting.
- P&L with month over month and budget vs. actual variance analysis
- Basic commentary on major variances.
- Any additional month end close procedures which you would require.
How We Work
- We agree on a standard checklist and timelines.
- We work securely in your systems or in a segregated environment, depending on your preference and adhering to your security protocols.
- You get a single point of contact plus a small dedicated team if required. Who will assist you and work remotely as part of the Finance / Accounting department.
- Important to emphasize here is the direct point of contact and no red tape or layers in communication. Will ensure two hours of overlap time between the US and India thus you can communicate with your offshore team on a daily basis.