Billing and accounts receivable
Important considerations about the AR process includes invoicing for products or services in the shortest time possible; billing and credit terms should also encourage payment within the shortest time possible. Since accounts receivable is one of the most important assets of an organization, a review of performance measurements such as aging, AR turnover, and bad debt analysis is also essential.
QCG can assist organizations with their billing and collection process, as well as review of performance measurements.
Accounts payable
A well-designed AP system involves accumulating, approving, coding, inputting, and paying bills on time. However, a more effective AP system incorporates policies that reduce inefficiencies in processing time, maximize credit terms, optimize cash disbursement process, and monitor the AP process.
QCG utilizes a powerful web-based accounting platform with document management functionality. Clients can easily outsource their AP process by transmitting invoices to QCG via secured portal. QCG processes the checks, only after the client approves invoices for payment. Clients have the option to fully outsource their AP process or request specific functions to improve internal controls within their organizations.
Cash management
Organizations can maximize their available cash by methodical management of cash collections and disbursements. QCG can assist organizations maximize cash flows by forecasting, budgeting, and analyzing the timing of collections and disbursements.
Payroll
QCG partners with a leading payroll service provider to process payroll for small business clients (1-150 employees.) Our payroll service includes federal and state electronic tax payments and filings, direct deposit, and unlimited payroll runs.
Full bookkeeping
QCG provides full bookkeeping solutions to organizations looking to off-load all accounting functions. The initial step will include establishing accounting policies and procedures with management to determine their financial goals and objectives. From there, QCG will perform accounting functions based on agreed policies and procedures. Clients will receive a financial reporting package on a monthly basis, in addition to regular weekly updates.
Financial reporting
Today's evolving business environment has resulted in drastic changes in the accounting industry. Regulatory bodies are frequently amending old guidelines and issuing new, more complex accounting guidance. Companies who turned to their external auditors in the past for assistance must now find alternative resources to ensure auditor independence.
QCG assists organizations prepare financial statements. We have extensive experience in financial reporting, from basic to more complex accounting transactions. We also assist organizations plan their audit process and respond to auditor inquiries.
Controllership
QCG assists small organizations who are looking to fill the role of an interim controller, part-time controller, or full-time controller. Our role is to provide timely, relevant, and reliable financial and operational information to advise and assist management make informed business decisions. Our tasks include supervising accounting staff, processing transactions, and creating financial reports.
Quickbooks users
We support Quickbooks Online and Quickbooks for Mac. We assist organizations with all accounting functions, from accounting system set-up to bookkeeping and financial reporting matters.