Small and Medium Business Owners often put off accounting work when they are busy operating and servicing Customers but come audit season, they’ll likely spend hours each day trying to identify and resolve accounting or inventory discrepancies. honeyBEE's Extended Work Bench helps our Clients as highlighted below
DAILY
A disciplined approach on a daily basis does tonnes of good for your financial maintenance. Furthermore, it is highly beneficial in the long run, in that, errors can be rectified at the minimal level itself than letting them accumulate and later having to deal with losses incurred. With regards daily accounting,
- Refresh and update your financial data
- Reconcile cash and receipts
- Review and reconcile transactions
- Record and categorize expenses
- Record inventory received
WEEKLY
A weekly approach keeps track of reports, cash flow and logistic records. Key operations include:
- Record payments received, deposit cash and checks
- Invoice clients
- Review employee timesheets
MONTHLY
A monthly approach is more of an overview, preservation of records and maintenance of reliability
- Pay vendors, or at least schedule bills to be paid
- Track budgets and variances
- Back up your data
YEARLY
For the larger part, an annual approach caters to compliance and regulatory requirements and importantly, performance reporting to stakeholders
- Preparing year-end financial statements
- Completing an audit
- Filing of year-end tax returns
Finance and Accounting
We help make your daily financial operations easy, less complicated and stress-free. With us, processes such as invoicing, financial report drafting, Ecommerce order reconciliation, financial software updates such as QuickBooks, Netsuite and the like are completely made hassle-free. In addition, we employ automated expertise in subscription operations that helps in giving clarity to strategize marketing measures while being cost-effective as well.
Billing Services
Billing statements based on required schedules.
Cost basis
Cost basis input and calculation, capital gains tax rate calculation.
Corporate actions
Stock splits, reverse splits, spin-offs, cash dividends, mergers and acquisitions, bond calls, tender offers, ticker and CUSIP changes.
Fees & expenses calculation
Calculation of management fees, incentive fees, excluding special members and accruals.
Partnership reports
Cost and time-effective report generation
Auditor liaison
We communicate and coordinate directly with your auditor(s) to keep track of financial documentation at the closing of every financial year.
Book keeping is one of the most crucial yet underrated skills, much required for the present day. While traditional methods continue to exist, it is highly important to adapt to digital terms. Keeping this in mind, we have services that includes professional assistance and fully automated bookkeeping services. With an extensive experience and refined skillset, it is only justified that your finances are managed in the best and most profitable manner by honeyBEE relentlessly.
We hold a staunch global presence and has catered to many a successful organization, and helped them manage their finances in a hassle-free manner.
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Hassle-free
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Cost Effective
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Expertise
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Professional Assistance