Outsourced Accounting Services

The NVO team provides virtual accounting services that meet the needs of small to mid-size clients.

The range of ongoing outsourced accounting services that we offer include:

Management Reporting and Financial Analysis
Monthly, Quarterly and Annual Financial Statements / Reports
Budgeting/Planning
Cash Flow Forecasting
General Ledger Maintenance and Month-end Reconciliations
Accounting Policies, Procedures & Forms
Chart of Accounts Set-up
Bank & Credit Card Reconciliations
Payroll
Inventory Management
Fixed Assets Accounting
Accounts Receivables Management
Estimates/Sales Order Generation
Customer Invoicing
Receiving Customer Payments
Accounts Receivable, Sales and Customer Reporting Accounts Payables Management
Entering Bills
Paying Bills
Accounts Payable, Purchasing and Vendor Reporting Data Entry

Special Projects

We also specialize in helping businesses meet time-sensitive deadlines or critical initiatives through financial and accounting special project work, some of which is described below:

• Assistance with preparation of business plans, budgets, cash flow forecasts, pro-forma financial information, and other financial analysis and models used by management for decision-making purposes.
• Assistance with vendor negotiations and banking relationships.
• Participation in software conversion/implementation projects.
• CFO, controllership and other accounting roles on a temporary or contractual basis.
• Assistance with project management, cost accumulation, and related cost and financial analysis.
• Assistance with preparation for audits of financial statements and other projects with tight reporting deadlines.
• Implementation of monthly, internal financial reporting processes.
• Design and implementation of accounting policies and procedures, including hiring and training accounting staff.
• Cleanup of accounting records; we have been referred to as a “giant housekeeper”.
• Assistance to non-accounting management in understanding financial reports.
• Liaison between executive management and investment bankers in M & A transactions and providing due diligence services.

Accounting Policies & Procedures

We believe that the foundation of a reliable accounting department which provides accurate and timely financial information efficiently is to have written policies and procedures. Therefore, we strive to maintain an up-to-date set of such procedures and follow them to the extent possible, yet remaining flexible to meet the needs of the client.

Fees

We provide our clients with quality work at affordable prices which are client-specific. All work is performed and billed on hourly basis. In some situations, where it is determined to be more beneficial to an existing client, a monthly retainer arrangement may be agreed upon based on prior months’ billings.