Back Office and Outsourced Accounting Services
Owning a business is challenging and there is seldom time to oversee a full-time accounting department. Our experienced small business accounting professionals can handle the day-to-day tasks through our Back Office and Outsourced Accounting Services. We provide a full-service accounting team that possesses the knowledge and experience to handle all of your accounting needs. The Back Office Accounting Services and Outsourced Accounting Services that McKonly & Asbury provides include:
Maintenance of an accurate and up to date general ledger is the life blood of generating and preparing accurate and timely financial information. Our process includes a monthly reconciliation and review of key general ledger accounts as well as providing and implementing all recommended changes to ledger accounts.
Monthly, weekly or daily (depending upon the need of the business), our professionals will provide accurate reconciliations of cash and updated cash flow forecasts and analysis to ensure that your business is operating with appropriate levels of cash flow and cash needs.
Monthly, weekly or daily (depending upon the need of the business) our professionals will track, manage and handle all accounts receivable needs. From processing payments, to cash deposits and cash collection, we will handle all your accounts receivable needs.
Monthly, weekly or daily (depending upon the need of the business) our professionals will handle all accounts payable items. From vendor payment to application of invoices and payables management, we will handle all your accounts payable and disbursement needs.
Maintenance and accurate reflection of all fixed assets within your business is vital, not only for financial statement purposes but for tax purposes. Differences in depreciable lives and deductibility for Generally Accepted Accounting Principles (GAAP) and tax can make for headaches and overall mismanagement of assets. Let our team of professionals management depreciation expense and accumulated depreciation of your business assets for both financial statement and tax purposes.
Our team of professionals will provide a complete monthly financial package generated from your accounting system. This financial package will include balance sheet(s), income statement(s), and other performance related management ratios and analysis. Our firm uses leading edge technology for dashboard and key performance indicator reporting such as ProfitCents to generate financial ratios and other business analysis to help you effective run and manage your business.
Let our team of professionals provide you with industry expertise to help you make financial and business related decisions, without the cost of having a full time CFO or controller on staff. We can customize a plan that fits your business in order to support your financial and accounting related functions. Our professionals can provide support with many specialized related matters as it relates to your business.
We can assist your business by providing short-term accounting and staffing solutions to meet your business related needs. No job is too big or too small for our team. We can provide experienced personnel to meet your accounting and finance needs on an interim or long-term basis.
Let our professionals help you determine the most appropriate business and tax structure for your start-up. We will also help and support the establishment of business and financial operations and internal controls and systems design to ensure the right level of internal control is in place to mitigate any business risks to may be apparent.
With any growing business, assessment of potential business purchases and other strategic alliances is critical. Making the right decisions in this environment can be the difference in quick sustainable growth or being side tracked with a transaction that does not fit financially or culturally with your business. Our business professionals have years of experience in transaction advisory, valuation and business growth support.
When you combine our experience of reviewing P&L’s from across almost every industry to the analytical resources we have access to, you get a valued partner that can lead an internal Lean Operations assessment and program implementation. When expense areas are compared to industry averages, the result can help prioritize overhead areas where savings can be realized. In this day and age, process improvements need to go hand in hand with controlling costs as well as each step forward in growth. Our service offerings include business operations assessments and business operations program implementation.
Many times businesses will encounter obstacles in communicating internally or externally, usually around issues in which a negotiated outcome is desired. McKonly & Asbury’s senior leadership has served on more than 100 boards across many industries. We apply this experience for our clients in the form of board meeting, retreat facilitation and strategic planning services. A third party can often free up participants to focus on the issues at hand rather than the concerns over potential relational challenges. The same holds true when an outside facilitator can help plan and even participate in strategic level negotiations with key hires, buy sell agreements, variable compensation plans, etc. McKonly & Asbury service offerings include: board meeting / retreat facilitation, strategic planning, and negotiation consulting.
Our team of professionals can help assist and manage all of your information technology needs. From identifying the right technology solution, to implementation of software and hardware, to accounting software implementation, let our team take the stress out of managing your data and technology needs.
What We Do
- Advisory Services
- Assurance Services
- Entrepreneurial Services
- Professional Placement Services
- Tax Services