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Financial Accounting Services
Financial Accounting Services
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 "We help our clients turn change into opportunity. Our Financial Accounting Services are designed to help our clients take advantage of change by combining the right mix of growth and protection strategies." The Accounting & Financial Services Division is responsible for collecting, analyzing, recording, auditing and reporting all financial transactions of the City in accordance with all applicable accounting, City and other governmental requirements and/or guidelines. This division is also responsible for billing and collecting miscellaneous City revenues as well as providing oversight management of the City's Financial Management Systems. Specific areas of accounting and financial reporting responsibilities include the General City, Utilities, Grants (Federal, State and Local) Pasadena Community Development Commission and Parking Operations. The Accounts Receivable Section of this Division performs billing and receivables management for paramedics service, false alarms, occupancy inspection and property damage. The internal audit function performs financial and other audits as necessary to maintain adequate systems of internal control, safeguard assets and ensure the preparation of accurate financial reports. Our Offshore Outsourcing Expertise in this Area are :
Web-based Accounting System - Access to information / data storage - Secure approval process - Flexible reporting - Bank and other account reconciliations - Maintain asset sub-ledgers - Preparation and maintenance of workpapers - Monthly and year end close procedures Financial Reporting Processes : - Financial statements, including drafting footnotes - Consolidations - Management Reporting - Budgeting, forecasting and financial analysis - Regulatory reporting, including SEC and NASD Income Tax Services : - Income Tax Compliance - Coordinating choice of legal entity - Structuring entities - Review of entity formation and equity offering documents - Tax Planning Strategies Advisory Services : - GAAP/Technical Support for Complex Accounting Issues - Financial statement audit support services - Consultation on accounting and tax implications of significant agreements and transactions Transaction Support, including - SEC Reporting - Mergers & Acquisitions - Private Placement Memorandum 4Accounting/Financial Services3 Accounting, Book-keeping Services, QuickBooks, General Ledger, Financial Services, Cash flow analysis. We at FIN-LEX can handle almost any assignment ranging from bookkeeping to Financial Planning including Financial Analysis, taxation, and tax filing matters. We can do it quickly, accurately and efficiently and at a fraction of the cost of doing the same work in-house. Here are some the projects our specially trained staff can handle for you: Accounting Services We can systematically compile and record the financial transactions from the business documents like invoices, payroll time cards, paid bank checks, and receiving reports. This also includes preparing special journals (daily logs) like sales journal; a purchases journal, a cash-receipts journal, and a cash-disbursements journal are used to record recurring transactions. Our services include the preparation of: General Ledger Income statement Balance sheets Detailed activity reports Bank reconciliation Budgeting Inventory Maintain inventory records Inventory level reports Accounts Receivable Invoicing clients Receiving payments Deposits Aging reports Tracking delinquent accounts (e.g. 60, 90 and 120 days) Accounts Payable Enter invoices Scheduling payments Making payments Check printing Aging reports Job Costing Track costs by job Budgeting Job profitability reports Financial Services FIN-LX can prepare formal accrual basis statements in accordance with Generally Accepted Accounting Principles (GAAP) established by the American Institute of Certified Public Accountants. A range of services provided at FIN-LEX include Financial modeling, forecasting, transactional analysis, management reporting, and profitability analysis. Cash Flow Analysis We compare your cash position at the end of the year to the position at the start, and the constant flow of money in and out of the business over that period. Financial Ratios We do the Financial Ratio analysis for you to enable you to: To compare your business's current performance to its previous performance To compare the your business's performance to others of similar size or in the same industry Our services also include a range of customized analysis as per your requirements. To name a few, we do : Month by month "analysis", including detail in these categories: Deposits; Transfers in; Withdrawals; Transfers out; Purchases (excluding money market purchases); Sales (excluding money market sales); Dividends; Interest Received; Interest Charged; Fees; Closing month end balance; Net Assets Invested (amount deposited less amount withdrawn on a monthly basis; and Profit/loss on an ongoing basis, from inception to ending or most recent balance. Damage analysis showing closed transactions by purchase and sale (including dividends/capital gains/interest/tax) and open / unrealized transaction by purchase and last closing balance or transfer balance Cash in cash out comparison Market Adjusted analysis (we like to use the Vanguard funds - Vanguard S&P Index fund, Vanguard Total Bond Fund, Vanguard Long Term Bond Fund, Nasdaq QQQs, and percentages of each (e.g. 50% Vanguard S&P Index and 50% Vanguard Total Bond Fund) depending on an appropriate portfolio model for that client. Statements are frequently accompanied with graphs and charts providing visual representations depicting many different perspectives of your operations, showing changes and trends over periods of time and relationships between key factors of your business. The above is illustrative and not at all inclusive. Suntec provides a full range of Accounting and Financial Services including book-keeping services, QuickBooks, general ledger, financial Services, cash flow analysis. |