The General Ledger Chart of Accounts is the backbone of any financial system. It is the basis from which analysis and reports are developed. We will guide you through the process of creating your initial General Ledger Chart of Accounts. We can then assist you with the actual set-up of the Chart of Accounts in the system.

Perhaps your General Ledger Chart of Accounts was created long ago when the firm was smaller and had fewer offices. Perhaps you inherited a Chart of Accounts from your predecessor, or their predecessor. Or maybe it is just time for a change because the current Chart of Accounts is not allowing you the ability to robustly and usefully analyze data and transactions. Whatever the case, we can help you re-design your Chart of Accounts. For more complex updates or re-designs, we can also assist you in converting your data electronically.

Our consultants are extremely well versed in reporting needs for busy accounting departments. We can help you create financial statements and other financial reports. We can assist with determining reporting needs, developing report specifications, and overall report development, report testing and deployment of new reports.

You may know that AAC can develop all your internal reports, but we can also assist you in determining the best analytical reports to provide relevant information to specific audiences. Our tremendous experience in this area will give your firm insight into best practices implemented in the industry.

Need an extra hand to assist with month-end or year-end processing? We are very skilled in these areas and can assist at whatever levels you need.

The month-end reconciliation of subledger information with the General Ledger sometimes gets ignored. The task of reconciling these items, once they have been let go for a while can be daunting and labor-intensive. We can assist you in making make this otherwise overwhelming task manageable.

Understanding and being able to analyze, balance and reconcile multi-currency and multi-company transactions can be a very daunting task. We have developed tools to assist you with these items. We are also experts in this area and can help you gain a much better understanding of this challenging area. Each firm is different and has different challenges to consider. Your solution needs to work for you, and we will work side-by-side to make that happen.

We are experts with 1099 processing and keep abreast of the ever-changing requirements.

Everyone knows the need to prepare WIP and AR reports every month, and the overall critical importance of these numbers. But, does everyone know how to make sense of them, and how to track and analyze WIP and AR properly? AAC can help you better understand and track WIP and AR in your firm. Good practices in this area have a direct and positive impact on the firm’s bottom line.

We have many years of experience setting-up systems for managing fixed assets within the firm. We can help you develop and implement new procedures to make this otherwise difficult task much more manageable.

Having many CPAs in our group, we offer a wealth of experience in developing budgets for firms. We can participate in developing your budget, as well as with developing procedures for managing input into the budget from firm management and departments. We are incredibly adept at helping you analyze budget information and to gain a detailed understanding of the management information most essential to the firm’s executive committee.

Whether or not you currently have a collections process in place, we can help you review and refine your current process, or to create a new and more robust one.

There are many types of cash accounts that firms use daily. Often, as new types are needed, procedures for managing those accounts come together out of necessity, and without much thought to the firm-wide process. AAC can assist you in developing appropriate.