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Transaction Processing and Prep

Predicting cash needs, using cash flow to your advantage and investing idle cash are the basics of sound financial management. To get there, you must have a solid, sound and streamlined transaction processing system.

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.

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.

Our cloud-based accounting and bookkeeping team provides 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. We can evaluate your billing and collections activities, cash disbursements and banking relations to determine where additional cash opportunities exist and identify alternative methods for you to better use cash.

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

Our goal is to accurately and timely process your information while helping you increase control of cash, accounts receivable and accounts payable to provide you with innovative strategies and insight to operate your business or organization more profitably.

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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.

Louisiana Delays Income Tax Return, Payment Deadline to July 15

No penalties or interest will be assessed provided the returns and payments are submitted to the Department by the July 15, 2020. However, interest and penalties will begin to accrue July 16, 2020, on the outstanding balance of tax due.