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Monthly Close

Financial strategizing, forecasting and budgeting throughout the year are critical components to running a thriving small business or start-up. To ensure that these financial modelling tasks are accurate, completing a monthly close process at the end of each month is vital. Month-end closes will clearly depict your business’ financial status while preventing future accounting mistakes and preparing you for a more straightforward tax filing process come April. By outsourcing your month-end close checklist, our expert accountants present your business’ financial standing, outlining excessive spending and allowing you to optimize cash flow.

Month-end Close Process

Monthly closes are crucial in making strategic financial decisions. These monthly statements confirm account balances, compare accounts receivable vs accounts payable, record asset value changes, and organize balance, profits, losses, revenue, and expense sheets. The information presented within monthly reports is crucial in financial planning and identifying and solving any financial discrepancies before they escalate.

Outsourcing monthly closes and financial reporting removes the burden of gathering and filing financial spreadsheets and invoices and allows our accountants to provide expert insight into how to best utilize and exploit the results to strategize financial decisions.

At VFO, our team of expert small business accountants are on a mission to remedy the confusion surrounding month-end close procedures. With our extensive understanding of the process, we can efficiently produce monthly closes while highlighting essential information and providing financial guidance on best interpreting the results, effectively pointing you in the optimal direction for fostering financial growth. To learn more about our expertly crafted monthly closes for small businesses and start-ups or to schedule a FREE 30-MINUTE CONSULTATION, get in touch at support@lme.qtb.mybluehost.me or schedule a meeting online.

Payables & Receivables

No more fumbling around in Excel sheets. With VFO, you are paired with a dedicated virtual accountant that specializes in small business financials .

Monthly Close

This process is to confirm account balances, identify and solve for any discrepancies, and produce monthly financial statements that help start-up owners make strategic decisions.
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Cash Management

Our virtual financial officers supply powerful insights that support growth plans, relieve burdens, and are easily accessible.

Payroll Admin for Start-Ups

Let us take the payroll reins and show you how easy it can be, so you can focus on growing your business and have peace of mind it’s being done accurately.
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Budgeting & Forecasting

Financial modeling and forecasting is critical in order for us to understand a company’s financial health and project how they will perform in the future.
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Due Diligence Support

Our team of virtual financial accountants and advisors can prepare and organize all of the expected documentation for the due diligence process.
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Free Consultation

Contact our virtual accountants at VFO for a free consultation for your small business!
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