Acumatica
Bookkeeping Services

We ensure that your accounting data from journals and sub-ledgers such as Accounts Payable, Accounts Receivable, Cash Management, and Fixed Assets are posted and up-to-date. Current and accurate financial statements, including the Income Statement and Balance Sheet are derived from the General Ledger.

The money you owe to your suppliers, is a liability on your company’s balance sheet. We can help process and review transactions between your company and its suppliers, ensuring that all outstanding invoices are approved, processed, and paid.

Claims for payment for goods and services that have been ordered but not yet paid. We can assist in maintaining customer profiles, invoicing, recording received payments, making transfers from an undeposited account to the GL bank account, recording fees, preparing the trial balance, and more.

We will work with your payroll provider to record all expenses related to your payroll transactions. This will include net and gross pay, payroll taxes, insurances, unions, and other deductions.

Multi-Currency is the ability to sell and purchase goods in a currency other than your base currency. We can help you manage the currencies and rates you need to run your business. We will also work with you on the revaluation of accounts if required.

Intercompany Accounting involves recording financial transactions between different legal entities within the same parent company. A month-end process includes the reconciliation of these transactions along with a settlement. We can record and reconcile inter-company transactions, including Inventory, Accounts Payable, Accounts Receivable, and Cash Management.

We can help you manage and reconcile your Deferred Revenue, which is money received for goods or services that you have not yet delivered or performed. These revenues are registered as a liability until the goods or services have been delivered or performed.

Inventory Management is the ordering and tracking of stock as it arrives at your warehouses. Order Management is the process of receiving and tracking customer orders. We can assist in setting-up stock and non-stock items, data entry of physical inventory, sales order and drop-ship management, item sales, and profitability reporting.

Fixed Assets refer to a long-term tangible piece of property or equipment that your company owns and uses in its operations to generate income. We will help record fixed assets transactions such as depreciation calculations, custom schedules for accurate accounting and reporting, tax tracking, and reporting scenarios independent of general ledger postings.

You will get several financial and operational reports for complete visibility of your business operations. You will be able to analyze actuals versus budgets, cash flows, balance sheet position, inventory movement, inventory valuation, purchase accrual summary, open orders, item-wise sales, and profitability, amongst other reports set up in Acumatica.