Understanding the difference between accruals and prepaid expenses is very important when matching things properly in GAAP accounting. Our expert team has all the knowledge to keep your business in a good place!
Our team sees businesses leave money on the table constantly in regards to security deposits. People forget to account for these as assets and do not track them properly, which can easily lead to lost money at the end of the contract.
Whenever we are working on any type of accounting implementation or cleanup, the chart of accounts is one of the most important things we focus on. It is the core of your financial and accounting information, but problems could be on the horizon if you are not capturing the data appropriately.
When we first began working with PBM Solutions, their team had a great business model but needed help from a back office perspective to take advantage of some major growth opportunities. We took over PBM's accounting, established a scalable infrastructure and implemented new technology solutions. The company now has the ability to grow as desired with no fear of operational capabilities holding it back.