Accurate, timely bookkeeping with customized charts of accounts & transaction posting.
Our bookkeeping service ensures financial records are maintained with precision and consistency. Gathering data from POS systems, bank feeds, and vendor invoices, then post all income, expenses, and required adjustments. We customize the chart of accounts for each business type and branch to enable consolidated reporting. Month-end closing procedures include trial balance verification, general ledger review for anomalies, and generation of Profit & Loss and Balance Sheet reports according to agreed timelines.
Proactive management of customer invoices, payment follow-ups, and AR aging to enhance liquidity.
We generate and issue invoices to customers, ensuring accurate mapping against the correct client accounts. Our team monitors receivables—tracking due dates, sending reminders, and escalating overdue payments—and maintains an AR aging report along with a collection-cycle calendar. We update customer contact details, credit limits, and payment terms, and retain payment confirmations and reconciliations for audit readiness.
Efficient handling of vendor invoices, payment scheduling, and AP aging to optimize cash flow.
Collecting and validating bills from all vendors, ensuring each invoice is recorded against the correct vendor profile. Our team schedules payments—preparing payment runs and seeking pre-approvals for high-value disbursements—and maintains an AP aging report along with a payment-cycle calendar. We update vendor contact details, payment terms, and bank information, and retain proof of payment for audit readiness.
Automated weekly reconciliation of cash and POS deposits with bank statements.
Utilizing weekly POS sales and cash-collection reports alongside bank feed data and deposit slips, we reconcile daily and weekly transactions. Variances exceeding 5% or recurring discrepancies are flagged and investigated in collaboration with each branch. A “Cash Variance Tracker” is maintained and shared weekly, and a full audit trail is preserved for compliance.
Actionable weekly and monthly dashboards highlighting profitability, cash variance, expense trends, and more.
We design tailored MIS reports and interactive dashboards using Excel, Google Sheets, or Power BI. Metrics include store-wise profitability, cash-variance analysis, labor-cost percentage, expense trends, AP/AR aging summaries, and rent/utility ratios. Reports are delivered on a weekly, monthly, or custom schedule, equipping stakeholders with clear, data-driven insights for strategic decision-making.
End-to-end sales-tax, federal/state tax extraction, reconciliation, drafting, and filing for each state LLC.
Statcounty Consulting LLP offers end-to-end tax filing solutions tailored to the complexities of multi-jurisdictional businesses. For sales tax compliance, our team extracts point-of-sale data, reconciles collected taxes against statutory liabilities by category, and prepares detailed draft returns for each state-specific entity. We maintain a master calendar of filing deadlines, secure your review and approval, and electronically file monthly or quarterly returns to ensure timely compliance and avoid penalties. On the federal and state income tax front, we begin with a thorough review of your bookkeeping records to identify deductible expenses, credits, and multi-state allocation factors. Leveraging deep expertise in U.S. federal tax codes and state-specific regulations, we prepare accurate corporate or partnership returns, ensuring optimal tax positions and compliance with IRS and state revenue authorities. Our process includes:
By integrating automated workflows, rigorous quality checks, and proactive tax-planning strategies, Statcounty Consulting LLP minimizes your tax burden, mitigates audit risks, and delivers peace of mind through transparent, compliant, and timely filings.
Structured, shared-drive repository for all critical business documents.
We implement a centralized document management system with a hierarchical folder structure in a secure shared drive. Key documents stored include franchise agreements, licenses and permits, invoices, receipts, and lease documents. Role-based access ensures the right stakeholders can retrieve or upload documents as needed, enhancing transparency and audit readiness.
Insightful cost-benchmarking across branches and customized SOPs for scalable operations.
We analyze vendor and branch expenses to identify cost-saving opportunities and benchmark performance. Our recommendations help reduce overheads and negotiate better terms. Simultaneously, we develop detailed Standard Operating Procedures (SOPs) for each core process—ensuring consistency, scalability, and streamlined training for your offshore team.
