Cloud-based Accounting Solutions
Cloud-based Accounting Solutions
Our Services
We specialize in providing innovative outsourced accounting that is customized to your organization’s unique needs, whether you need help with invoicing, financial reporting, or analysis that aligns with your company’s KPIs.
AP (Accounts Payable)
Manage and process all outgoing payments, including vendor invoices, employee reimbursements, and other expenses. Ensure timely payments, maintain vendor relationships, and keep accurate records of all transactions.
AR (Accounts Receivable)
Track and manage incoming payments from customers. This includes issuing invoices, following up on overdue accounts, and ensuring timely collection of payments to maintain healthy cash flow.
Payroll
Administer employee compensation, including salary payments, tax withholdings, and benefits. Ensure compliance with local, state, and federal regulations and provide detailed payroll reports for accurate record-keeping.
Clean Ups
Correct and organize financial records that may have been neglected or mismanaged. This involves reconciling accounts, correcting errors, and ensuring all financial data is accurate and up-to-date.
Balance Sheet Reconciliations
Regularly compare and reconcile balance sheet accounts to ensure accuracy and completeness. This process helps identify discrepancies and ensures that all financial statements are reliable and accurate.
Cash Flow Management
Monitor and manage the movement of cash in and out of the business. Develop strategies to optimize cash flow, ensuring that the company has sufficient funds to meet its obligations and invest in growth opportunities.
Financial Reporting
Prepare and present financial statements, including income statements, balance sheets, and cash flow statements. Provide insights into the company’s financial health and performance, helping stakeholders make informed decisions.
Accounting Process and Procedures
Develop and implement standardized accounting processes and procedures to ensure consistency, efficiency, and compliance with regulations. This includes documentation and training for staff.
Customer Management Reporting
Generate reports that provide insights into customer-related financial data, such as sales performance, payment history, and profitability. These reports help in making data-driven decisions to enhance customer relationships and business strategies.
GAAP (Generally Accepted Accounting Principles)
Ensure that all financial practices and reports comply with GAAP, providing a standardized framework that enhances the credibility and reliability of financial information.
Accounting Software Selection and Implementation
Assist in selecting the most appropriate accounting software for the business’s needs. Oversee the implementation process, including system setup, data migration, and staff training, to ensure a smooth transition.
Budgeting
Develop comprehensive budgets that align with the company’s strategic goals. Monitor actual performance against the budget, providing insights and recommendations for adjustments as needed.
M&A (Mergers and Acquisitions)
Provide expertise in evaluating potential mergers and acquisitions. This includes financial due diligence, valuation, negotiation, and integration planning to ensure successful transactions.
Business Advisory
Offer strategic advice to help the business grow and succeed. This includes financial planning, risk management, performance improvement, and identifying opportunities for expansion and profitability.
Partnering with BakPak means gaining a collaborative and high-touch partnership that leverages extensive industry experience to meet your unique needs. We specialize in providing tailored solutions for various sectors, ensuring your financial operations are efficient and compliant. With a commitment to excellence and personalized service, BakPak is your trusted partner in achieving financial success.
Primary Specialties:
- Nonprofit
- Professional Services
- Restaurant Groups
- Healthcare
Our clients
We've been lucky to work with many great organizations across various industries over the last decade.
Contact Us
We’re happy to have a 10 minute conversation and see if BakPak would be a good fit for your organization’s accounting needs. Fill out the form, give us a call at 561-567-0000, or email us at jwoodrum@bakpak.com.