Our Services
Online Bookkeeping
Bookkeeping is the backbone of any business and pertains to collecting and organizing financial documents. It is a continuous yet tedious process that forms a base for all the different accounting processes. Any error in the bookkeeping process results in the collapse of the entire accounting function. Therefore, whether your business is small, medium or large in terms of operation, you must understand that to get a clear picture of your profit/loss statements and finances, you must have your bookkeeping in place.
We at Easy Finance provide online bookkeeping services to all types of businesses irrespective of the scale of operations while catering to the specific demands of each business. If you are exhausted from searching for “bookkeeping services near me” while not finding a service provider that can cater to your needs, you should give our bookkeeping service a try.
Bookkeeping outsourcing services are meant to free up your time and resources, which otherwise would have been invested in the bookkeeping task, which is not a core business activity unless you are an outsourced bookkeeping service provider. Our online bookkeeping services will allow you to focus on your core business activities, helping you to increase your overall productivity. In addition, our outsourced bookkeeping services focus on reducing the client’s overhead costs incurred in their entire financial activities while saving time, resulting in high efficiency.
Accounts Receivable
Accounts receivable is one of the most considerable visible assets on a balance sheet, and its significance is known to all. As a business owner, your focus is on acquiring new customers; hence, you put all your time, effort and money into the same. And once you acquire new customers, your focus is to deliver the product or service in the best possible manner. After this, your focus should be on collecting all the receivables, but this ends up being neglected, thus causing trouble for business cash flow and then causing debt. It is not an ideal situation for any business. Apart from financial loss, you lose credibility as a business and might fail to meet employee payroll cheques or even day-to-day petty expenses. This raises the need for efficient accounts receivable management is crucial for your business and will help you keep the money rolling in effectively constantly. Accounts receivable outsourcing is the most effective way to go about it.
We at Easy Finance understand the significance of accounts receivable and thus can help you take care of your receivables. As an outsourced accounting and bookkeeping services provider, we help USA-based businesses with their accounts receivable ensuring that it does turn into bad debt. With the help of the best accounts receivable software, we will streamline your accounts receivable process and help consistent cash inflow.
Financial Reporting
Accounting is a never-ending process that helps to analyze the financial well being of your business. You can analyze the financial well being of your business at the end of the financial year or a particular period with the help of financial statements. These financial statements are not user-friendly as it requires a person to have adequate accounting knowledge. As a business owner, one might or might not have accounting acumen. Financial statement analysis and financial reports serve as essential pieces of documents for business owners and stakeholders. The content of a financial report will differ for different business structures. However, it will essentially make stakeholders aware of the profit and loss, increase or decrease in assets and liabilities during a particular period. Financial reporting acts as a health report of the business's finance. Financial reports assist every business in analyzing and evaluating the previous financial year or QoQ (Quarter on Quarter) performance that allow business owners to have a standard for comparison.
Considering the importance of financial reports and analysis, you can outsource financial analysis and report to financial reporting solutions providers like Easy Finance . The expert team at Easy Finance are proficient in financial statement analysis and the financial reporting process. We can provide you with a comprehensive financial report and analysis alongside performing a financial statement audit helping you to prepare for an external audit.
Accounts Reconciliation
An act of checking whether the actual account balance matches the corresponding evidence is called accounts reconciliation. Reconciliation of accounts is a vital task for the financial health of any organization as it helps reduce any kind of errors. Every business requires accounts reconciliation that has to be in accordance with the size, structure, and business goals.
Accounts Reconciliation is a menial yet vital task. While business is occupied by core business activity, it cannot control and maintain your accounts regularly, so there is a need for accounts reconciliation. A periodic accounts reconciliation is a must as it will help you avoid bigger chaos in the future. It is important to know if there is any difference between the actual account balance and the bank statement. Reconciliation of accounts sounds simple, but it is time-consuming to record and maintain books of accounts, let alone invest more time in account reconciliation. The best way to deal with this issue is to outsource your accounts reconciliation process.
Easy Finance offers various accounts reconciliation services like bank account reconciliation, accounts receivable reconciliation, accounts payable reconciliation, and credit card reconciliation. Whether you are searching for specialized accounts reconciliation services for your USA-based small and medium businesses, corporate houses, or large organizations, our experts can take care of it all. Once you outsource accounts reconciliation services from us, you will save on time, effort, expense, and resources required for the in-house accounts reconciliation process.
Data Entry
The amount of data that a business deals with has also increased exponentially over the last few years. These data, when processed, give the business owner crucial information that helps in different functions of the business. Data entry is like the foundation of any business and has to be performed with finesse. But it consists of essential information, and hence it is required to be recorded and maintained accuracy.
Data entry work is a tedious task and requires a lot of time and attention. You can have either an in-house team or hire an outsource data entry services provider to reduce the workload of the business. It is more efficient to outsource a task like data entry to experts, reducing errors. Data entry outsourcing is not a new concept. Many businesses have outsourced data entry for many decades. Outsourcing data entry process will enable you to take a significant burden off your mind as our expert will manage the data better and ensure accuracy.
Easy Finance is one of the best data entry outsourcing companies in USA. We provide our data entry services in New York, Texas, California and other parts of the United States (US). Our experts at Easy Finance understands the importance of having accurate data for your business and will take care of your data entry requirement. We ensure accuracy and efficiency, helping you to focus on the activity resulting in overall enhanced productivity.
Accounts Payable
Business relies heavily on the credit that suppliers offer. Suppliers provide this credit for a certain period, and you might avail of some discount if you pay off this credit before the due date; this forms your accounts payable. It helps businesses operate by saving its fund for other expenses and allowing the business some time to pay back to suppliers, presumably after the final product or service sale. A cash rotation is happening in this process, which assists a business in functioning smoothly.
As tempting as delaying these payments, it is not suggested to do so, as it only gives a sense of having more funds in hand, but accounts payable can turn into bad debt over time. The need for accounts payable services arises as these payables must be paid off on time. We at Easy Finance provide accounts payable outsourcing services for businesses based in the United States (US), and we prepare a daily, weekly, or biweekly report per the business’s requirement. We offer efficient online accounts payable services and help improve cash flow and maintain your vendor relationships. It is imperative that you do not breach payment terms with your suppliers, impacting your business reputation. We will help you focus on other vital functions allowing you to grow your business while taking care of all payments, creditors, invoices and massive paperwork.
Payroll Outsourcing
As the word defines, payroll is the total amount the company pays its employees in a particular period. It is essential for any business to timely and accurately delivers to all its employees, which often turns out to be a tiresome task. One needs to manage the different pay structures of each employee while also making sure about other factors such as leave adjustments and reimbursements. And this has to be done while also keeping in mind compliance with tax and other statutory regulations.
Due to a lack of time and knowledge, businesses sometimes pay the wrong amounts, leading to employee dissatisfaction and penalties from the government. Payroll is a particularly time-consuming activity, from mapping timesheets to preparing employee payslips, salary disbursement, withholding income taxes from employee salary, social security and medicare contribution. Experts best handle these tasks, and thus the need to hire the services of payroll management solutions provider arises.
A straightforward way to tackle all these issues is to hire payroll service providers who can proficiently handle your payroll. Payroll management services greatly enhance your productivity while ensuring your payroll is processed without hindrance. Easy Finance is one of the top payroll outsourcing companies in the United States (US) that can help you tackle your business payroll process. We provide payroll processing outsourcing, which is cost-effective, efficient and timely. With our payroll management services, you no longer have to worry about employee dissatisfaction or government penalty.
Outsource Budgeting
While financial planning is crucial for business, what makes financial planning successful is budgeting and forecasting. Budgeting allows you to understand whether you will have enough finance to continue with your operations smoothly for a particular period. And forecasting helps determine the financial status of the business and future financial projections using historical data. Budgeting for your business helps prepare a business's financial plan to manage monthly, quarterly and annual cash inflows and outflows. While forecasting for your business helps identify trends that can be used to compare its financial position with its historical data, competitors, and other companies in the same industry.
Easy Finance has been providing accounting and bookkeeping services to businesses based in USA for a decade now. As per the business requirement, businesses outsource budgeting services or outsource forecasting services instead of the overall accounting process. This is done to help prepare for any possible opportunities and contingencies. We provide our budgeting and forecasting services in Texas, New York, Minnesota and other parts of the US irrespective of business size. Many small businesses neglect budgeting and forecasting tasks, but they are crucial for small businesses and larger organizations alike. For the same reason, we at Easy Finance provide customized budgeting and forecasting services for each business as per their requirement.
Invoice Processing
Invoice processing is a vital part of your business’s daily operations as this is the process and documentation of the inflow and outflow of funds. Most of the core business function is reflected in invoices, as it shows how much sale is conducted or how much cost you have incurred in terms of raw material. The number of invoices, both income and outgoing, increases with the growth in your business, and this might overwhelm you. An increase in the number of invoices means an increase in inaccuracy, resulting in dissatisfaction among customers and suppliers.
One primary invoice which needs to be processed without zero error is the invoices in which there is an outflow of money. While accounts payable invoice processing is essential, accounts receivable invoice processing is also crucial for business. Invoice processing is handled manually or by way of automated software. Manual invoice processing can be time-consuming and lengthy while purchasing invoice processing software can not be feasible for small and medium enterprises. This is where our service can be of help.