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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.

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.