Our services are a robust amalgamation of GAAP-compliant bookkeeping, sophisticated transactional accounting, and revenue-focused fiscal management. Leveraging QuickBooks and FreshBooks, we offer an intricate audit-to-report pipeline for our clients.
Our online accounting services integrates advanced technological solutions, including AI-driven automation and cloud-based platforms, to streamline and enhance your cross-border tax return preparation process. By leveraging cutting-edge methodologies such as Agile and Lean Six Sigma, we facilitate swift onboarding of a dedicated team of outsourced tax preparers who are adept in handling complex international tax regulations and compliance requirements.
Integrating seamlessly with your internal team, our scalable overseas services enhance productivity during peak tax periods, mitigate bottlenecks, and ensure optimal utilization of your company's resources. We harness technologies such as Robotic Process Automation (RPA), Cognitive Automation, and Digital Process Automation (DPA) to significantly curtail operational and infrastructure overheads by up to 50%. This not only boosts the ROI of your tax services but also liberates valuable time, enabling you to diversify your client portfolio without compromising on quality and accuracy. Contact us now to reduce over-all tax liabilities!
Streamline Financial Planning with Our Accounting & Bookkeeping Services
Harnessing the power of automation and AI algorithms, we execute complex accounting bookkeeping services. We implement Robotic Process Automation (RPA) for generating intuitive invoices, categorizing daily bank transactions, and calculating sales tax online, thus enhancing the accuracy and speed of our services. By integrating with your ERP, we ensure seamless data sharing and timely reporting.
We initiate financial book sanitation, followed by systematic monthly, quarterly, and year-end reviews using top-tier software like QuickBooks, Xero, and Sage. We generate financial statements, manage sales tax filings, and use advanced tools for cash flow forecasting.a
We offer QuickBooks Payroll, simplifying the disbursement of payments to employees and contractors. Our services give you access to a wealth of business intelligence through insightful reports, thus empowering clients to capitalize on hidden revenue opportunities.
We use software like QuickBooks and Xero to manage accounts receivable and payable, conduct monthly bank and credit card reconciliations, and ensure compliance with GAAP and IFRS. We also provide specialized services in areas such as inventory accounting, fixed assets management, and depreciation calculations.
We use platforms like ADP, Paychex, and Gusto for tasks ranging from setting up new employees to processing final pay checks. Our services include accurate gross-to-net calculations, benefits administration, and ensuring compliance with payroll tax laws across 160+ countries. We manage complex requirements like expatriate payrolls and multi-state tax issues.
Our virtual CFOs deftly steer your enterprise through the maze of financial complexities. We provide expert-level guidance in financial modeling, EBITDA optimization, and working capital management, ensuring strict adherence to GAAP and IFRS standards. Our best practices in the industry pivot your financial strategy towards sustainable growth and enhanced shareholder value.
We ensure a thorough analysis of your financial statements, ensuring unwavering compliance with SOX, COSO framework, and PCAOB standards. Using sophisticated data analytics and AI technologies, we enhance the efficiency and accuracy of audit procedures, enabling deeper insights into financial trends and anomalies.
Our services offer specialized scrutiny in strict accordance with ACFE guidelines. We blend accounting, auditing, and investigative skills to detect any irregularities, discrepancies, and fraudulent activities. Our proficiency in complex financial litigation and dispute resolution ensures the unyielding integrity of your financial operations.
Our financial risk assessment experts provide a detailed analysis of potential financial threats, stringently adhering to Basel III and CRD IV standards. Using advanced predictive models and financial indicators, we identify, assess, and mitigate financial risks, thereby promoting financial stability and ensuring business sustainability.
We adopt a systematic, technology-driven approach to optimize your financial operations. We access your existing financial processes, implement automated daily sales reporting and streamline digital payroll processing systems. Our technology platform also integrates with third-party applications for seamless data movement.
Starting with system setup, we implement automated cost accounting and digital inventory management systems. Predictive budgeting and forecasting tools are then used for strategic financial planning. Our platform is equipped with real-time data visualization tools for improved financial insight.
Our real estate accounting services begin with a thorough understanding of your property portfolio. Using AI, we automate property acquisition accounting and development accounting processes. We implement automated lease accounting, CAM reconciliations, and real estate tax compliance using advanced tax software.
Our dental accounting services adopt a systematic approach to fiscal management for dental practices. With a comprehensive financial analysis, we use the latest software to automate dental practice valuations, overhead rate analysis, and cash flow management processes. Our system integrates with practice management software for seamless data exchange.
Our retail accounting services adopt a phased approach to economic management. Initially we set up automated inventory control and digital sales audit systems. Bank reconciliations and cash flow management are automated using AI-driven tools. Our system is designed for easy integration with your POS and e-commerce platforms.
Our trucking accounting services use a systematic, technology-driven approach. We start by setting up digitized receivables and payables management systems. Automated fuel tax reporting, driver settlements, and equipment tracking systems are then implemented. Our system integrates with logistics software for efficient data exchange.
Our electrical contractors accounting services start with an assessment of your existing financial systems. We then implement automated job costing, project management, change order control, and tools and equipment tracking systems. platform integrates with project management software for seamless data movement.
Accounting Services Process Flow
Discover our sophisticated and astutely engineered accounting workflow, designed to enhance your business's financial efficiency, thereby fostering growth and prosperity.
Data Acquisition and Logging
The first step in our process encompasses the comprehensive collection and logging of key financial data into our state-of-the-art accounting infrastructure.
Financial Record-keeping
Our accomplished financial record-keepers meticulously document every monetary transaction, thereby ensuring full transparency and accountability.
Account Reconciliation
We perform a thorough cross-verification of your financial records against bank statements to guarantee absolute data accuracy.
Financial Statement Preparation
We prepare lucid, detailed financial statements that provide a complete snapshot of your business's financial position.
Financial Examination
Our experts undertake a rigorous examination of your financial data to discern patterns, explore possibilities, and pre-emptively identify potential hazards.
Taxation Services
Our taxation services team manages your tax responsibilities with precision and punctuality, whilst ensuring total compliance with the latest tax legislation.
Financial Projections and Planning
We assist in formulating pragmatic financial projections plans, as a roadmap for your business's financial journey.
Advisory Services
We offer nuanced advice on diverse financial matters, helping your business improve financial efficiency and develop strategic initiatives.
Audit Assistance
We prepare all requisite documentation and provide comprehensive support throughout the audit proceedings.
Financial Stewardship
We guide you in the prudent management of your financial resources, ensuring they are effectively harnessed to meet your business objectives.
Regulatory Compliance and Advisory
We help your business maintain compliance with complex financial regulations and provide expert advisory on financial best practices.
Expert B2B Accounting Consulting for Efficient Financial Management
Our business accounting services are designed with an integrated approach emphasizing the power of digital transformation. As experienced advisers, we provide timely direction and recommendations in diverse scenarios. We focus on enabling unprecedented growth by preparing organizations to harness modern technologies and adapt to newer and more efficient accounting workflows. Our bookkeeping and accounting services include advanced reporting, controllership transformation, and governance, risk, and controls. We help meet complex and evolving accounting needs, from operational and technical accounting to regulatory compliance and financial reporting. From expert guidance to detailed insights and decision-making, we help manage integrated transformation across multiple projects. Overall, our business accounting advisory services are designed to help you turn accounting and reporting from a hurdle to an opportunity!
Offshore Accounting Services for Better Cost Efficacy
Many enterprises are seeking innovative methods to optimize their accounting operations - a primary approach being the outsourcing of accounting services. The decision to outsource not only enhances operational efficiency but also offers significant cost benefits and facilitates informed financial decision-making, thereby redefining the traditional business model. While cost efficacy is a huge aspect of outsourcing professional accounting services, there are other contributing factors too.
Risk Mitigation
Offshore accounting services have the expertise to implement advanced control mechanisms to mitigate risks associated with fraud, non-compliance, and financial reporting errors. With global accounting standards and practices, we ensure that your financial records adhere to the best accounting practices.
Scalability and Flexibility
Offshore accounting services offer scalability and flexibility to businesses. They can adjust the level of their services based on your business needs, allowing you to efficiently manage seasonal demands or business expansion.
Offshore accounting firms prioritize data security. They have stringent data privacy policies and use advanced technology to protect sensitive financial information from breaches and unauthorized access, ensuring your financial data's safety and integrity.
Seamless Accounting Talent Integration for Improved Financial Accuracy
Our accounting staff augmentation services enable our overseas clients to effectively grapple with unique challenges ranging from intricate financial regulations, high transaction volumes, multifaceted business models, and global integration complexities to proactive financial planning and reporting demands. Our professionals intricately weave into your corporation's fabric, amplifying your accounting capabilities with their seasoned expertise.
We empower organizations by driving down operational costs associated with recruitment, training, and benefits. Your focus remains on the core competencies while we manage the critical yet supportive functions such as accounts payable, accounts receivable, bookkeeping, financial analysis, and payroll processing. During quarters of peak financial activity, we hustle alongside your in-house team to meet your accounting standards, update your bookkeeping methodologies, and prevent penalties arising from non-compliance with regional and international tax laws.
Distinctive Features of Our Accounting and Bookkeeping Services
Inventory Management
Financial Statements
Tax Filing
1099 Forms
Budgets & Forecasts
Tax Planning
Consulting & Financial Reporting
Tax Compliance & Ratio Analysis
Cash Flow Forecasting
DCAA Compliance
Fixed Asset Management
KPI Tracking
Bank Reconciliations
Financial Statement Preparation
Sales And Use Tax Returns
Financial Records Management
Tax & Audit Support
Budgeting & Forecasting Support
What Sets Us Apart as Your Strategic Accounting Service Provider?
As a stalwart in the accounting industry, our firm leverages technological innovation and regulatory expertise to deliver superior accounting services. Our aim is to empower businesses with comprehensive financial solutions, mitigating risk, and fostering growth.
Robust Financial Regulations
We strictly abide by financial regulations such as the Sarbanes-Oxley Act (SOX), and the Generally Accepted Accounting Principles (GAAP). This ensures your accounts are not only accurate but also compliant with all legal requirements.
Skilled and Experienced Professionals
Our team comprises of Certified Public Accountants (CPAs) and Chartered Financial Analysts (CFAs), who bring years of industry experience to deliver accurate and efficient results.
Advanced Accounting Technologies
We harness the power of advanced technologies such as AI and cloud computing, implementing software like QuickBooks and Xero to streamline our processes and improve accuracy.
Diverse Industry Expertise
With experience across industries like healthcare, technology, and retail, we tailor our services to meet your specific industry needs, understanding unique accounting challenges each sector faces.
Global Recognition and Credibility
As a globally recognized firm, we have been awarded the 'Best Accounting Firm' by International Finance Magazine for three consecutive years, reflecting our commitment to excellence.
Comprehensive Services
From tax preparation, audit support to financial reporting and consulting, we offer a range of services that cater to all your accounting needs.
Adherence to International Standards
We strictly follow the International Financial Reporting (IFRS), ensuring our services are reliable, and of the highest quality.
Innovation and Adaptability
We continually adapt to the evolving business environment, leveraging new technologies and innovative methods to meet the changing needs of our clients.
Global Market Access
We provide access to markets worldwide, helping businesses navigate international financial landscapes and capitalize on global opportunities.
Transformative Accounting Services for Diverse Industries
Automotive Accounting
Accelerate financial accuracy with our specialized automotive accounting, integrating industry-specific ERP systems for streamlined operations.
Grocery/Food Distributors
Improve bottom-line health with our inventory accounting services, featuring demand forecasting and cost of goods sold analysis tailored for grocery and food distributors.
Healthcare
Secure compliance and optimize reimbursement processes with our healthcare accounting services, focusing on revenue cycle management and Medicare cost reporting.
Hospitality
Amplify profitability with our hospitality financial management suite, offering dynamic pricing analytics and occupancy rate optimization.
Manufacturing
Control production costs and enhance financial efficiency with our manufacturing accounting services, featuring job costing systems and waste reduction analysis.
Restaurant/Retail Accounting
Personalize your financial strategy with our restaurant and retail accounting services, integrating POS data with labor cost management tools.
Technology
Navigate the financial landscape of innovation with our R&D tax credit analysis and SaaS metrics reporting, tailored for technology firms.
Defence
Maintain rigorous financial discipline with our defence contract accounting services, providing DCAA compliance and cost accounting standards expertise.
Banking & Finance
Strengthen financial frameworks with our banking and finance accounting services, including Basel III compliance and risk-weighted asset calculations.
Real Estate
Drive investment decisions with our real estate accounting services, offering capital gains forecasting and 1031 exchange tracking.
Insurance
Optimize claim-to-cash cycles and risk assessments with our insurance accounting services, incorporating actuarial data analytics and reserve estimation.
Education
Advance financial stewardship in education with our fund accounting services, featuring FASB compliance and endowment management.
Legal Services
Enhance fiscal responsibility with our legal accounting services, including client trust fund oversight and partner distribution calculations.
Manufacturers and Distributors
Streamline supply chain finances with our cost accounting services, utilizing variance analysis and just-in-time inventory strategies.
Additional Services We Offer
Financial Analysis Services
Capitalize on our advanced analytical frameworks and financial intelligence to drive your company's competitive edge and market positioning.
Tax Preparation Outsourcing Services
Mitigate risk and elevate fiscal efficiency with our comprehensive tax preparation outsourcing, designed for corporate tax burden reduction.
CFO Services
Engage with our senior-level CFO services to refine financial strategies and operational insights, fostering sustainable growth and investor confidence.
CPA Services
Experience precision and integrity with our CPA services, delivering unparalleled financial scrutiny and assurance to uphold your corporate reputation.
Accounts Payable Services
Implement our strategic accounts payable systems to unlock value across your supply chain and procure-to-pay cycle, ensuring optimal cash management.
Accounts Receivable Services
Optimize your cash inflow with our targeted accounts receivable management, employing strategic methodologies to strengthen your financial base.
Software We Leverage to Deliver State-of-the-art Accounting Services
Outsource Accounting Services to Flatworld Solutions
Adhering to SOC 2, GDPR, ISO 27701, ISO 27001, and ISO 9001 global standards, we offer reliable and accurate cross-border accounting services. Our cross-border services are designed to navigate the complexities of US and international tax legislation, effectively tackling seasonal talent shortages and long-term role demands. We leverage our expertise in tax software like tax software like Intuit ProSeries, Drake, and Lacerte to ensure precise and compliant tax return preparations.
Our services yield significant, sustainable year-on-year cost savings for clients, facilitating reinvestment in growth-oriented activities. We offer flexible engagement models to cater to a variety of needs, providing comprehensive coverage for all tax services. Whether you require seasonal, permanent or ad-hoc work, we enable you to hire accountants with technical expertise and commitment to quality to empower your business. Contact us to increase client retention and acquisition, while freeing up bandwidth for enhanced client engagement and service expansion.
FAQs
USA
Flatworld Solutions
116 Village Blvd, Suite 200, Princeton, NJ 08540
PHILIPPINES
Aeon Towers, J.P. Laurel Avenue, Bajada, Davao 8000
KSS Building, Buhangin Road Cor Olive Street, Davao City 8000