Services
What Kind of Services We are Offering
Audenza operates as an extension of your internal staff. We perform a variety of financial and accounting services, and offer you the maximum flexibility by allowing you to rely on us for any of the services that we offer as needed. The following sections provide details regarding each of the services that you’ll have at your disposal should you choose Audenza as your accounting services provider.
Book Keeping
Bookkeeping is the most basic of all accounting functions. Bookkeeping involves maintaining accurate and updated records of all of your company’s financial activity. This includes bank records, tax filings, payroll records, purchase and sale records, and regulatory filings. These records are essential to regulatory compliance. Proper bookkeeping makes other accounting functions, such as audits, payroll, and tax preparation, much simpler and less time consuming.
Credit Control
Credit control is a business process that promotes the selling of goods or services by extending credit to customers, covering such items as credit period, cash discounts, payment terms, credit standards and debt collection policy. In general, credit control is a way to make it easier for your customers to purchase your company’s goods or services by offering attractive payment terms, thus making the purchase itself attractive. Efficient credit control can result in increased sales – and increased profits – for your company. But an important part of credit control is determining to whom you can reliably extend credit.
MIS Reporting
Management Information System, which assists a business firm in detecting the bottleneck areas, errors, and red flags which may affect the firm. MIS helps the firm to analyze the data collected and study it thoroughly to formulate strategic solutions for the problems identified. It is a combination of software, hardware system procedures, and process including storage which generates the report based on data received from different departments of the firm. The top-level management and the executive personnel always depend on the MIS report before making any vital decisions.
Business Consultation
We can help you adapt to today’s market dynamics and continue to compete for no matter the threats you might be facing. Tools to enable optimal remote work can help minimize or prevent disruption in your operations. We can scale our services to support change efforts ranging from tactical improvements to large-scale transformation efforts. Our business consultants are experienced leaders and practitioners who are customer-focused, delivery-excellence driven, and can navigate and manage complex projects, working effectively across diverse business and technology organizations.
Consultation for Accounting
An accounting consultant provides clients, such as companies and individuals, with services that help them analyze financial information so that they can make important business decisions. Their responsibilities involve creating and analyzing financial documents, looking for financial areas needing improvement, optimizing accounting procedures and forecasting future profits. Professionals help clients with financial management, financial forecasting and auditing.
Payroll Management
Payroll is a critical business operations function performed by your accounting team. Payroll involves managing all employee compensation, benefits, and withholdings. We manage your payroll on an ongoing basis, ensuring that all employees are compensated according to their employment agreements and benefit selections. Payroll outsourcing, which involves employing another firm to do the routine work of managing salary, its calculation and payment, along with any other related functions, has transformed into an extremely successful industry.
Invoice Processing
Invoice processing is a business function performed by the accounts payable department which consists of a series of steps for managing vendor or supplier invoices from receipt to payment, and recorded in the general ledger. Invoice processing is often performed with software and it is commonly referred to as automated invoice processing or invoice automation for short. An invoice processing flowchart is a structured guide detailing the steps for how accounts payable is to process vendor invoices.
Management Accounting
Management accounting is the process of planning, analyzing, putting all the information together, and passing it on to the managers. The managers then process it and use the information for decision-making. It is used to inform the managers about taking necessary decisions. Different industries use it differently; some use it for cost-cutting or resource management. This system is very important and necessary for all businesses to run.