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Bookkeeping Services

Outsourcing frees up businesses to off-load non–core, yet vital areas of
its administration to companies specializing in that area.

Bookkeeping: GKM

CPAs need to provide services to small businesses at effective rates and GKM’s acumen helps by providing small business bookkeeping services at affordable rates. Small businesses typically need to spend available time and resources on core processes and hence outsource the bookkeeping function to CPAs. There are always financial and tax issues, employee benefits and insurance concerns, technology challenges, and numerous other business problems which prevent a focused approach to core business. CPA firms, by partnering with GKM could provide these services to small businesses at more cost-effective rates.

We use a variety of accounting software which specializes in small business bookkeeping such as Quick Books, Sage, Peach Tree, Creative Solutions, MYOB and others. If there is any other software that you want us to use, our staff will acquire the necessary expertise within a short span of time and begin using it.

Why GKM?

  • In short, GKM delivers a proven and cost-effective way to enable you to concentrate your resources and time on what you do best—growing your business. When factoring in expenditure like salary, medical benefits, payroll taxes, paid time off, and other benefits for an in-house bookkeeper, you would clearly see the benefits of sourcing accounting services for your business.

    GKM also offers specific services such as bank & credit card reconciliation, accounts receivable and payable management, chart of accounts set up, after the fact payroll and Inventory tracking. If the client processes their own payroll, we replicate it on the software used by CPA to enable accurate generation of payroll tax returns and earnings summary reports. GKM also helps prepare year-end W2 summaries and 1099 reports.

Benefits you can derive out of opting for GKM’s book keeping services:

  • Certified, trained & dedicated virtual accounting workforce
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  • Flexibility to focus on core business
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  • State-of-the-art technology & industry-benchmarked best practices at affordable rates
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  • State-of-the-art technology & industry-benchmarked best practices at affordable rates
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  • Reduced administrative & operating costs
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  • Greater focus on compliance through standardized processes and methodologies
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TAX COMPILATION SERVICES

GKM’s accounting professionals also provide compilation services to CPA’s. Based on requirement these services may be monthly, quarterly or annual (tax compilation prior to tax prep). Of the three levels of risk assurance namely audit, review and compilation; compilation is possibly the easiest in that it is merely a presentation of financial data and does not require CPA’s opinion or conduct of various audit assurance procedures. Therefore it is also the easiest of the three to source.

FINANCIAL COMPILATION SERVICES

GKM’s team provides quality financial compilation services and also ensures that relevant tie-outs to source documents are done and any omissions properly documented. Financial compilation services are offered as part of tax preparation services as well as separately. As part of these services we also take into account the requirements for a tax return and ensure all information is made available to CPA prior to tax prep. 

ACCURATE FINANCIAL STATEMENTS

GKM’s team will familiarize itself with a client’s business prior to taking on a compilation task so as to gain a fair understanding of the way the business is conducted – the standard transactions and practices common to the business and the industry. This ensures that the compiled financial statements are free of material errors, represent a fair view of the business and may be used for strategic planning/expansion or funding purposes.

TAX COMPILATION SERVICES

GKM understands that cleanup and back work projects are part of every CPA firm’s tax season tasks and these are time-consuming during peak season. GKM has special back work teams deployed during tax season to help CPA’s with a load of back work projects. If you typically have back work clients during the tax season, GKM will help complete the project smoothly and minimize your time-spent on such tasks. compilation; compilation is possibly the easiest in that it is merely a presentation of financial data and does not require CPA’s opinion or conduct of various audit assurance procedures. Therefore it is also the easiest of the three to source.

High Quality Services

GKM also provides financial analysis services. Financial planning and analysis are areas of core competence. Our team prepares and provides financial analysis reports based on CPAs requirements.

Planning

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Development

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Free Consultation

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