Services

Home » Services » Accounting » Period-end Closing Services

Period-end Closing Services

Knowing your numbers is the most vital part of moving your business or organization forward. Accurately reporting your weekly, monthly, quarterly and yearly financial stats is crucial to achieving that goal.

Beyond transaction processing, it’s crucial to have accurate reporting of your weekly, monthly, quarterly and yearly financial stats to fully understand your business.

Month-end closing services such as maintenance of fixed asset records and depreciation schedules, reconciliation of bank accounts, recording of general and adjusting journal entries in general ledger software, preparation of schedules to support significant general ledger balances, and preparation of monthly or quarterly financial statements under SSARS 21 standards are just a few of the way to ensure you remain on a path to success.

Maybe keeping a full accounting team on payroll isn’t yet within your reach. Fortunately, cloud-based applications such as Intacct, QuickBooks and QuickBooks Online, Restaurant365 and other systems have made the job of understanding your organization’s financial health easier than ever before – and our team is ready to roll up our sleeves and work closely with you.

The Ericksen Krentel team of Client Accounting Services professionals provides a local, personalized and responsive service tailored to meet your business goals. Not only can we put together your weekly, monthly, quarterly and yearly financial numbers, we can also interpret what they mean for the successful continuation of your enterprise.

Blog

Your knowledge source for achieving your business and personal financial goals.

COVID-19 Updates: What You Need to Know

As COVID-19 (coronavirus) continues to spread throughout the New Orleans metropolitan area, we want to provide you with information on the precautions we are taking to protect the welfare and safety of our clients and staff while still providing the efficiency and quality you expect from Ericksen Krentel.

Hurricane Ida Update

Our thoughts and prayers are with all of the people affected by Hurricane Ida. Ericksen Krentel team members have spent this week checking in on each other, our families, and our clients to ensure that everyone is in a safe position. Our New Orleans and Mandeville offices are currently closed due to power outages. We expect our Mandeville office to re-open shortly and will post the status updates of both offices on our website and social media as we know more details. We will do our best to assess the situation of our clients and people, and intend to return to each office as quickly as possible.
We have learned through our experience with past disasters and the ongoing pandemic to be adaptive to new technologies and have implemented cloud-based applications that allow us to efficiently operate remotely. In the interim, we are available to the extent that is possible in working remotely with our many affected clients and their personnel.
As recovery operations begin to take shape and progress, please do not hesitate to call on us to assist in your financial, tax, and other needs. You can reach your Ericksen Krentel professional directly through their normal email address or if you need immediate assistance, send a message through communications@ericksenkrentel.com to receive a return call from one of our professional team members. We look forward to a complete recovery and once again working directly with our clients.

What to Know About Restaurant Revitalization Grants in the Rescue Plan Act

As the COVID-19 pandemic and its economic devastation continues, the $1.9 trillion American Rescue Plan Act of 2021 (ARPA), which was signed into law March 11, 2021, expands relief provisions first introduced in the Coronavirus Aid, Relief and Economic Security (CARES) Act from March 2020 and introduces new measures to help businesses and individuals.