VentureForce Global is accounting data processing service provider, providing multiple level of accounting processes customization and support. Company has the team of accounting experts that can help maximize profit and lessen liabilities. Our professionals can streamline your entire accounting process.
The primary setup of your accounting system is perhaps an essential step in the process. It goes beyond just installing a ready software package. Designing and implementing your accounting system right from the start ensures that you will be able to extract useful, accurate, and useful information promptly that is vital to the success of your business. We also make sure that your accounting system not only serves your needs now but also in the future as your revenue grows and your business expands.
Customized Accounting Services
VFG create a custom accounting package for you, with any combination of accounting services including preparing your account planner, managing your fixed assets, preparing monthly/quarterly taxes, preparing, and processing payroll, preparing financial reports, internal audit, Cost of labor, installation and setup of QuickBooks accounting software, QuickBooks training, troubleshooting, and ongoing maintenance. As your accounting needs change, we will modify the service plan to match your business need.
Accounting Service Functions
- Establish Chart of Accounts
- Populating Data
- Account Receivables
- Account Payables
- Cash Reconciliation
- Credit Card Reconciliation
- Bank Account Reconciliation
- Personal Property Asset
- Business Liability
- Inventory Recording
- Report Building
- Report Customization
- Special Report
- Report Filing
- Deliverable: Financial Statements
- Profit or Loss or Income Statement
- Balance Sheets
- Cash Flow
Remote Accounting Resource
VFG offers remote shared and dedicated accounting professional resources. The remote shared professional accountant is provided where one professional accountant manages multiple clients and remote dedicated professional accountant is assigned and dedicated to one client who uses the resource as per their need or make the resource available as per need. The professional accountant performs all financial transactions recording, summarizing, review, and reporting of the business financial data.
Bookkeeping vs Accounting
Although tasks can be assigned to the same person, accounting is more analytical than bookkeeping, and it is a purely mathematical process.
The bookkeeping process begins with developing a system that would capture the company’s financial information beneficially without being too cumbersome for accounting.
The counter then monitors the system to ensure it produces the required information accurately and efficiently.
Finally, the accountant collects information on a monthly or quarterly basis, analyzes the data, prepares numerous reports called financial statements, and offerings the financial statements to business management so that critical financial decisions can be made.