Monthly Close
Bookkeeping
These services handle the routine, transactional processing to keep the records up to date. It ensures the financial activity is recorded accurately and consistently but does not interpret the data, manage the close or provide financial oversight. The primary value is to provide accurate, timely and clean data. Typical responsibilities include reconciliations, payroll entries (not processing), and maintaining supporting documents for month-end close.
This service is for small organizations or businesses with a very simple infrastructure and limited types of transactions.
Accounting
Provides a higher-level, structured accounting function. It includes bookkeeping tasks plus the processes, controls and financial oversight needed to produce reliable financial statements; it is not just data entry. The typical responsibilities may include full month-end close, cash flow tracking and reporting, balance sheet schedules and reconciliations, etc. The primary value is reliable financial reporting, stronger controls and operational clarity.
