What we Do: Accounting on Demand. A 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 LLC 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 LLC 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. Corefino LLC clients immediately benefit from the integration of our Best Practices/Workflow framework which includes the following capabilities:
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Comprehensive GAAP-based Accounting
Corefino LLC 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.
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Revenue accounting
Corefino LLC provides invoicing, commissions processing, and revenue recognition.
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Balance Sheet Accounting
Corefino LLC provides bank reconciliations, general ledger, account analysis, cash flow and flash reports.
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Cash Accounting
Corefino LLC processes all cash receipts and disbursements and prepares weekly cash status reports and monthly bank reconciliations.
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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.
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Internal Control
Corefino LLC will establish and document accounting best practices for your accounting processes, as well as recommend internal controls for company-wide processes.
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Finance Services
Corefino LLC provides a review of all financial contracts, as well as assembles and delivers A/R data for collection efforts and monthly cash receipts processing.
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Diligence, Audit and Tax Services
Corefino LLC will prepare and deliver accounting documents as required for diligence requests, external audits, and for assisting with your annual tax preparation.
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Your Guarantee
Corefino LLC guarantees that you will be ready to address any financial or business event.