financial-accounting

Online Financial Accounting Services

Financial accounting is a branch of accounting that deals with the process of recording, summarizing, and reporting the business transactions resulting from business operations over a period of time. Financial accounting information is of use for both internal and external users and thus require to follow accounting standards and principles. The primary purpose of the financial accounting process is to prepare the financial statements of an organization. However, preparing a financial statement is no easy task as accurately data must be recorded for a specific period. Also, preparing a financial statement is not the end of it, the financial statement has to be analyzed, and future plans have to be developed to improve existing conditions. Provided the complexity of financial accounting and the fact that you must adhere to IFRS or US GAAP, it is suggested that you outsource your financial accounting process to a financial accounting service provider.

We at Whiz Consulting provide one of the best financial accounting services in the USA. We provide our services to businesses is based in New York, Texas, California or any other parts of the United States(US). We help our clients to understand their financials better and assist in achieving their financial goals faster. We will help our clients prepare financial statements, debtor & creditor analysis, financial reporting, tax compliance, and much more.

What do we provide as a part of our Financial Accounting Services?

Bookkeeping Service

We provide the following bookkeeping services –

  • Bank & Credit Card Reconciliation
  • Accounts Receivable & Payable Management
  • Payroll Calculation & Tax Payments
  • Inventory Management & Reconciliation
  • Monthly Financial Statements
  • Financial Ratios Reporting
  • Budgeting Quarterly/Yearly
  • Cash/Revenue/Expenses Forecasting
  • KPI Reporting
  • Strategic Advice on Managing Revenues, Expenses & Cash Flows
  • Planning Individual & Corporation Taxes
  • Finalizing State & Federal Taxes and Payments
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Accounts Payable

We make sure you never breach payment terms with your clients by preparing a daily, biweekly or weekly report for accounts payable and sending the same to you on time. Our outsourced accounting service covers the scanning of invoices to ensure payment terms and other processes that adhere to your company policy. It will be our responsibility to ensure that things are exactly as they should be and inform you when they are not.

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Accounts Receivable

If you are not sure how much you ought to receive from your debtors, you cannot expect your business to sustain, let alone talk about growing. It is essential to make sure you receive what the others owe you that too on time to keep that cash flow moving. It is our duty to ensure you receive money from your debtors on time. We provide this by reminding you of the overdue payments or by contacting the clients directly on your behalf.

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Financial Reporting

With years of experience working with US clients, we know exactly what is needed by the regulatory bodies and produce the same for you. We got you covered, whether financial statements, periodic reports, debtor reports, bank reconciliation reports, financial analysis reports, ratio analysis or any ad-hoc report. We can even get in touch with your CPA and make sure everything is there as and when he wants.

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Payrolls

We look after payrolls for our clients, including pay calculation, reimbursement, deduction, payslip generation, amount to be withheld for federal and state income tax, social security and Medicare contribution amount, payment of tax, and tax return preparation. We will be happy to look after all or a part of them for you. Our online accounting service will help you keep a vigilant eye on the complete payroll activity for your business.

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TAX Filing

With the experienced Accountant and CPA in our team who has been serving USA Clients for an extended period, we can prepare and lodge your tax returns and also planning your tax liability in the most efficient way

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Why Hire Whiz Consulting for Financial Accounting Services?

Expertise in US GAAP

We are well acquainted with the accounting standards and adhere to the US GAAP or IFRS as per the business requirement.

Vast Experience

With our experts’ vast experience working with varied industries, we can assist your financial accounting needs.

Cost Saving

The cost incurred in hiring an in-house accountant or hiring a CPA for Financial Reports is higher than our cost-effective service.

Services Customized to your Need

Our services can be customized as per your business requirements, whether regarding reporting interval or the number of services to be availed.

Confidentiality of Data

At Whiz Consulting, we take data confidentiality very seriously. So, we make sure that the data shared between the clients and us are secure and protected.

Business Growth

We help businesses with the heavy lifting task to focus on the core activity allowing the business to grow to its maximum potential.

Financial Accounting For USA Based Businesses

As a financial accounting advisory services provider, we provide our services in various parts of the USA. With years of experience in multiple industries and different business sizes, we understand what is required for the financial process. We also make sure to comprehend the business requirement, serve each client specifically, and help achieve growth in their business. Right from bookkeeping to financial strategies, we help businesses in every step of the financial accounting process.

Frequently Asked Questions (FAQs)

Financial accounting is the branch of accounting that is concerned with recording, summarizing and reporting business transactions through financial statements. These statements are used by both internal and external users.
Some of the advantages of financial accounting are maintenance of business records, preparation of financial statements, Comparison of results, Decision making, Evidence in legal matters, Provides information to related parties.
Outsourcing the financial accounting process is as safe as outsourcing any other business function. The information that one can access from financial accounting is very critical to business. You must take proper precautionary actions to help secure your financial data—outsourcing to a reputed service provider like Whiz Consulting. Also, an NDA (Non-Disclosure Agreement) can be signed to put your mind at ease.
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