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Frequently Asked Questions
Your Questions, Answered
Have questions? We’ve got the answers! Our FAQ page covers everything you need to know about our accounting services, processes, and how we can help your business thrive.
Do you only serve businesses in a specific industry?
The majority of our clients come from various industries. We can and do serve businesses across all sectors but specialize in providing accounting solutions tailored to specific business needs.
How do you define different industries?
Industries encompass any business that provides goods, services, or entertainment and all companies that directly support them. Examples include retail stores, service providers, manufacturing companies, eCommerce businesses, and professional services, among many others.
What geographic areas do you serve?
We provide services to clients in all 50 states.
Is my accounting outsourced overseas?
No. All work is completed in our offices located in the USA.
What makes your service unique among accounting providers?
In addition to all the services one might expect, we provide more. Among the things that make us unique:
● We provide a weekly flash report to deliver key business insights rather than waiting until after month-end.● We offer a two-week cash projection and then review it against accounts payable to determine the necessary timing for paying bills.● We conduct a month-end statement review to find missing invoices.How is business accounting different?
● Technology – There are systems specifically designed to serve various industries that can provide competitive advantages when used properly.
● Expertise – Our professionals understand financial reporting standards, cost management, and expense segregation specific to different industries.
● Financial Management – Tracking expenses, payroll reporting, and tax compliance are crucial to any business’s success.
● Success Rate – Running a business is challenging. Without proper bookkeeping and financial analysis, achieving long-term success becomes even more difficult.What does an end-to-end back-office solution include?
Our comprehensive back-office solution goes beyond standard accounting services and includes bookkeeping, accounting, and finance functions:● Bookkeeping – Entering data, maintaining the general ledger, responding to vendor inquiries, and completing reconciliations. We eliminate the need for in-house bookkeeping staff.
● Accounting – Financial statement preparation, cash management, credit applications, complex transactions, payroll processing, and tax filings. We act as your accounting department.
● Finance – Budgeting, forecasting, investor reporting, and banking relationships. We serve as the CFO for smaller companies and work closely with CFOs in larger ones.What benefits do I get from using your services?
Many, including:
● Industry-specific expertise tailored to your business needs.● High-end financial expertise at a cost savings.● Organization, peace of mind, and more time to focus on growth.● Access to our extensive network of contacts.● Assistance in finding reliable suppliers and vendors.What special technology do you use?
We use advanced financial and accounting systems tailored to various industries, including ERP, POS (point-of-sale), AP (accounts payable) processing, and specialized reporting software. This includes QuickBooks, financial analytics platforms, and a range of payroll and business management tools.
Do you provide advice to help run my business?
Yes. We are not typical bookkeepers or accountants. We provide strategic insights and financial guidance to help drive your business forward and grow profitability.
Is any of your technology proprietary?
Yes. We have developed special reporting applications designed to streamline processes. Many of the reports we produce are custom, and we also have software that integrates with various financial and operational systems.
Do I need to change my ERP system (general ledger accounting system) if I use you?
We can accommodate any ERP system, as well as set up a new one or transition from your current system to a more efficient one.
Can you do my tax return? Do you offer tax services?
We offer a full range of tax services, including annual federal and state tax filings, sales tax, commercial rent tax, and other necessary filings to ensure compliance.
Will I save money if I use your services?
Let us show you how. Every client we have worked with has found they saved 50% or more versus the cost of doing the work internally.
How difficult is transitioning from my current accountant or accounting department?
We outline tasks, create a project plan, and execute it efficiently. We have handled many transitions and made the process seamless and set up.
What do you charge for your services?
Our solutions are customized to eaconent’s specific needs, and pricing is determined based on service requirements.
Can you help me raise money or obtain financing?
Indirectly, we can help. We can introduce you to our network of commercial banks, venture capital funds, and lenders. We also create special financial reports designed to appeal to investors and lenders.