Outsourced CFO

Excelfront comes up with years of experience serving clients in various industries in US, Canada and UK. Our team of more than 40 professionals strive to serve companies on various levels in the accounting and finance segment.

Indeed, it is expensive and challenging to run a dedicated accounting and finance department and Excelfront can help you cut your cost. Finance is the back-bone of any business and it is very important for the management to get an up-to-date financial dashboard in order to take the right decisions at the right time. Let Excelfront add value to your business.

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1

Management Reporting

Our team of seasoned finance professionals prepare in-depth management reports mentioning comparative financial analysis, product / service wise profitability, project profitability, Key Performance Indicator tracking, break-even points, unit economics and many more customized reports designed just for your company which help you make informed decisions.

2

Forecasting and Budgeting

We use various financial models and analysis to predict future financial performance and create a plan for the allocation of financial resources. Our team of professionals can help you in preparing budgets and comparing actual results with budgeted numbers. This can help you anticipate operational cash flows and capital expenditure. They can be used by businesses of all sizes and in various industries to make informed decisions about financial management and planning.

3

Financial Analysis

Financial analysis is the process of evaluating a company’s financial performance using various financial metrics and ratios. Out team can help you analyze the financial statements such as the balance sheet, income statement, and cash flow statement, as well as industry and economic data. You can use this information to evaluate a company’s past performance, forecast its future performance, and make recommendations for investment or business strategy. These reports can be used by investors, managers, and other stakeholders to make informed decisions about a company.

4

Accounts Payable

Our team of AP professionals help our clients manage their accounts payable efficiently AP services include:

Bill processing: Checking bills received from the vendors for accuracy and completeness, and entering them into the company’s financial system
Payment processing: Scheduling and making payments to suppliers and vendors, including setting up automatic and manual electronic payments and handling payment disputes.
Vendor management: Managing relationships with suppliers and vendors, including maintaining contact information and monitoring vendor performance.
Reporting and analysis: Providing businesses with regular reports on their accounts payable, including aging reports and vendor account summaries.
Audit and compliance: Ensuring that payments are made in compliance with company policies and government regulations

5

Accounts Receivable

Excelfront’s AR Professionals help our clients manage their accounts receivable in an efficient manner. AR services include:

Invoicing and billing: Generating and sending invoices to customers, and following up on unpaid or overdue invoices
Credit management: Setting credit limits, and monitoring customer accounts for potential issues
Collections: Following up with customers who have unpaid or overdue invoices, and taking steps to collect payment
Reporting and analysis: Providing our clients with regular reports on their accounts receivable, including aging reports and customer account summaries
Cash application: Applying customer payments to the correct invoices and reconciling the customer accounts

6

Bookkeeping

Your accurate and up-to date account books can help us prepare the management reports in an effective way. Our team of bookkeepers update your books of accounts regularly. Bookkeeping services include:

Posting accounting entries using various online and offline accounting software
Reconciling the financial accounts like bank accounts, credit card accounts and loan accounts
General ledger review to ensure the transactions are being posted in the correct account

7

Payroll Processing

We use online payroll processing platforms to process the payroll on weekly, bi-weekly, semi-monthly and monthly basis. These services include:

Calculating payroll: Determining the amount of pay owed to each employee, taking into account factors such as hours worked, salary, and deductions
Payroll tax compliance: Ensuring that payroll taxes are calculated and withheld correctly, and filing and paying payroll taxes on behalf of the business
Direct deposit and check printing: Delivering employee pay through direct deposit
Employee self-service: Providing employees with online access to their pay stubs and other payroll-related information
Record keeping: Maintaining accurate records of employee pay and payroll taxes for compliance and audit purposes