Focused Review of Books of Accounts & Preparation of Restated Financial Statements
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Case Study
Focused Review of Books of Accounts & Preparation of Restated Financial Statements
The company is engaged in providing telecommunication tower services.
The business situation
- The company faced fragmented financial processes, inefficient manual bookkeeping, and delays in investor reporting
- They urgently required an integrated financial management system to streamline daily operations, ensure compliance, and provide timely, detailed financial insights to investors and internal stakeholders
Our team’s role
ERP Deployment & Automation
Deploying QuickBooks (ERP tool) and automating the transaction booking and reporting process
End-to-End Bookkeeping
Managing day-to-day bookkeeping, internal and external reporting, and determining MIS structure and reporting requirements
MIS Framework & Investor Reporting
Providing regular financial reports to investors, including preparing financial statements in line with US GAAP
Payroll & Reimbursement Support
Assisting with the payroll process, including employee reimbursements
Taxation & Compliance Assistance
Supporting taxation and compliance matters
Policy & Process Documentation
Developing and documenting policies and procedures, including process flows for significant account balances
Comprehensive Finance Management
Managing overall finance functions, including booking transactions, preparing monthly reports, reconciliation statements, vendor and customer ageing reports, highlighting excess or short payments by customers, and preparing purchase order utilization reports
The value our team added
- Quarterly and annual financial statements, including timely submission of MIS
- Financial statement closure process re-vamp to streamline the book closure process
- Automation of bank reconciliations and other financial-related reports wherever possible
- Assistance with Fixed asset management
- Providing support in payroll processing and employee expense claims (using Rippling and Rydoo applications)
- Prepare tax filings such as Form 1065 and tax returns, and review the Federal and State filings applicable to the entity
- Enhance the MIS structure based on management feedback
- Suggest improvement to policies & procedures
- Build a scalable finance function that will adapt to the client’s growing business
Scale Finance with Speed and Accuracy
From ERP Setup to Full-Spectrum Reporting and Automation, We Handle the Numbers So You Can Focus on Growth
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