480-229-5735
Lead Your Business with Confidence
Outsourced Accounting
The Outsourced Accounting team manages the organization's financial activities. It maintains accurate financial records, ensures regulatory compliance, and provides financial information for decision-making and external reporting purposes.
West to East Business Solutions handles accounting for medium- and large-sized businesses in both private and publicly traded sectors.
Accounting Services
Utilizing outsourced accounting saves time, money and gives access to a team of professionals with years of experience.
Financial Reporting
Prepare financial statements, including income statements, balance sheets, cash flow statements, and statements of equity. These reports provide a snapshot of the organization's financial performance and position.
General Ledger Management
Maintain the general ledger, which is the central repository for all financial transactions. Record and classify transactions, ensure accuracy and completeness, and reconcile subsidiary ledgers to the general ledger.
Budgeting and Forecasting
Assist in the budgeting process by gathering data, analyzing trends, and collaborating with other departments to develop accurate financial forecasts. Monitor budget performance, provide variance analysis, and recommend adjustments as needed.
Accounts Payable
Manage the accounts payable process, including reviewing and processing vendor invoices, ensuring timely payment, and maintain accurate vendor records. Reconcile vendor statements and address any discrepancies.
Accounts Receivable
Oversee the accounts receivable function, ensuring timely and accurate customer invoicing, tracking payments, and following up on outstanding balances. Manage collections and credit control processes.
Cash Management
Monitor and manage the organization's cash flow. Track cash inflows and outflows, prepare cash flow forecasts, and optimize the use of available cash to meet the organization's financial obligations.
Financial Analysis
Perform financial analysis to assess the organization's financial performance and trends. Interpret financial data, identify areas of improvement or risk, and provide insights and recommendations to management for informed decision-making.
Internal Controls
Help establish and maintain internal controls to ensure the accuracy, integrity, and security of financial data. Implement controls to prevent fraud, perform periodic audits, and ensure compliance with accounting principles and regulations.
Tax Compliance
Ensure compliance with tax laws and regulations. At West to East Business Solutions we calculate and remit taxes owed, and work closely with external tax accountants, auditors and tax authorities during audits or inquiries.
Fixed Asset Management
Record, track, and depreciate organization's fixed assets. Ensure accurate and up-to-date asset records and reconcile physical assets to accounting records.
External Audit Support
Collaborate with external auditors during the audit process. Provide the necessary financial information, reconcile accounts, address inquiries, and assist in the resolution of any audit findings.
Quality of Earnings (QoE) Analysis
Evaluate how much of a company’s reported profit is accurate, sustainable, and supported by normal operations and cash flow. Help business owners, buyers, lenders, and investors see true financial strength.
Benefits of Outsourced Accounting Services
Outsourced accounting helps you manage your finances and free up time to run your business. Here are four key benefits:
Lower Costs
Get the accounting support you need without building a full-time team.● Reduce hiring and training costs.● Spend less on staffing and accounting systems.● Access experienced professionals within your budget.
Expert Advice
Work with professionals who understand accounting rules, tax requirements, and your industry.● Keep your financial records accurate and organized.● Get clear answers to accounting questions.● Use current tools and proven processes.
Support That Grows With You
Your accounting needs change as your business grows. Outsourced services can adjust with you.● Add support when your workload increases.● Adapt services as your business changes.● Get help without hiring more employees.
More Time for Your Business
Let an accounting team handle day-to-day financial tasks so you can focus on your goals.● Serve your customers.● Improve your products and services.● Build relationships and pursue growth.
"Outsourcing Accounting services is a great solution in today's world. It brings global resources togethers for your convenience."
Alison Bromfield, Senior Accountant West to East Business Solutions