Customer Ready - Corefino's Accounting on Demand Solutions

What We Do: Accounting on DemandA 2009 study by CFO Magazine reports that the average mid-sized organization is spending $1.2 million annually to maintain their on-site enterprise resource planning (ERP) solutions, which are largely financial-software centric. When coupled with record staffing turnover, changing employee requirements and a growing array of new accounting compliancy needs, it no longer makes sense for mid-sized organizations to lock themselves into technology and employee contracts.Corefino customers can reduce costs by up to 40% per year by using our ‘Triple Play’ solution to handle their organization’s routine accounting in the new, proven accounting on demand framework. And because it is not a software vendor, but an accounting solutions enabler – it is software agnostic. Corefino is partnered with many SaaS accounting solution providers; it will match the right technology solution, to the right people and the best practices ….that are right for growing mid-sized companies.A Best Practices/Workflow FrameworkOffering a unique combination of software-as-a-service (SaaS accounting), business process outsourcing (BPO) and a custom-built technology portal, Corefino clients immediately benefit from the integration of our Best Practices/ Workflow framework which includes the following capabilities:

  • Comprehensive GAAP-based Accounting

    Corefino adheres to GAAP accounting frameworks, financial statement conventions, and accounting law across all areas of accounting.
  • Expense accounting

    Includes payable processing, payroll processing, credit card reconciliation, expense reimbursement, and 1099s.

  • Revenue accounting

    Corefino provides invoicing, commissions processing, and revenue recognition.

  • Balance Sheet Accounting

    Corefino provides bank reconciliations, general ledger, account analysis, cash flow and flash reports.

  • Cash Accounting

    Corefino processes all cash receipts and disbursements, and prepares weekly cash status reports and monthly bank reconciliations.

  • Reporting Services

    As a client, you will receive monthly, quarterly and annual financial statements, including Balance Sheet, Statement of Cash Flow, Profit and Loss from Operations, Expense summary, Actual vs. Budget analysis, month-over-month variance, equity capitalization and stock option accounting.

  • Internal Control

    Corefino will establish and document accounting best practices for your accounting processes, as well as recommend internal controls for company-wide processes.

  • Finance Services

    Corefino provides a review of all financial contracts, as well as assembles and delivers A/R data for collection efforts and monthly cash receipts processing.

  • Diligence, Audit and Tax Services

    Corefino will prepare and deliver accounting documents as required for diligence requests, external audits, and for assisting with your annual tax preparation.

  • Your Guarantee

    Corefino guarantees that you will always be ready to address any financial or business event.