Your organization may be growing rapidly or just starting out, organizationally complex or family-owned. Whatever the size or makeup of your business, you need a tailored approach to meet your business goals. That covers managing risk and receiving advice on financial reporting and controls, tax-saving strategies, business process improvements, and systems selection and implementation.

Regardless of your size, the key to business growth is understanding your organization in real time so you can quickly make the right decisions. Streamlining your accounting procedures in the cloud can give you 24/7 access to real-time, custom financial reports.

The Ericksen Krentel team of Client Accounting Services professionals provides that local, personalized and responsive service by creating actionable strategies that provide growth and focus on future goals.

Our services provide you with paperless document management, valuable analysis on quality control, easy year-end accounting and tax services, and an advisory team to help you establish a plan of action. That is achieved in three main areas:

Compliance Services (Cloud-based accounting and bookkeeping services)

Our team can provide cash receipts and cash disbursements transaction processing, such as electronic payment of bills using Bill.com or online transactions through your bank, physical check writing and recording all cash receipts and cash disbursements in your general ledger software, such as Intacct, QuickBooks and QuickBooks Online, Restaurant365 or another cloud-based application.

Vital compliance services available through Ericksen Krentel also include payroll processing, whether it’s outsourced to a third-party provider or performed in-house. Finally, our month-end closing services include:

• Maintenance of fixed asset records and depreciation schedules
• Reconciliation of all bank accounts
• Recording of general ledger and adjusting journal entries in general ledger software
• Preparation of schedules to support significant general ledger balances
• Preparation of monthly or quarterly financial statements under SSARS 21 standards

Performance Services (Outsourced Controller Services)

• Real-time accounts payable and accounts receivable management
• Real-time cash management reports
• Compilation and review of monthly or quarterly financial reports
• Variance analysis and comparative financial reporting

Strategic Services (Outsourced and Virtual CFO services)

• Budget preparation, analysis and advice
• Historical financial analysis and advice to management
• Financial strategy and modeling (forecasts/projections)
• Real-time cash flow analysis and advice
• Market analysis
• Strategic planning (financial and organizational)

For less than the cost of hiring a full-time controller or CFO, Ericksen Krentel’s Client Accounting Services team can help you see your whole business, from every angle, for every decision you make.

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