VentureSolve offers a virtual accounting department for clients focused on developing and growing their core business. We assume the entire accounting function or portions selected by the client.

Typical services include:

Accounting
• Develop and document processes and internal controls related to all accounting functions with consideration given to SEC, PCAOB and COSO guidance for best practices
• Maintain the chart of accounts and general ledger
• Complete routine processes, including:
   > Accounts payable
   > Payroll processing
   > Accounts receivable billing and cash application
   > Manage fixed assets
   > Inventory
   > Equity and debt transactions

Reporting and Communication
• Complete monthly balance sheet reconciliations, journal entries and all other financial statement close processes
• Assist in the preparation of budgets, cash flow forecasts and other unique reporting requirements
• Prepare monthly and year-end financials in accordance with US GAAP
• Prepare monthly meeting with client's management to discuss results and future budgetary needs
• Coordinate audit with an independent CPA firm
• Work with tax professionals to prepare annual tax return

IT
• Implement web-based accounting application, eliminating the need for in-house financial application and related infrastructure