Accounting Services Company West to East Business Solutions, LLC

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Accounting Services Company West to East Business Solutions, LLC

Accounting

The Accounting department plays a vital role in managing the organization's financial activities, maintaining accurate financial records, ensuring compliance with regulations, and providing financial information for decision-making and external reporting purposes.

West to East Business Solutions handles accounting for small, medium and large business with expertise in both private and publicly traded companies.

Services provides by accounts

Financial Reporting: The Accounting department prepares financial statements, including income statements, balance sheets, cash flow statements, and statements of equity. These reports provide a snapshot of the organization's financial performance and position.

General Ledger Management: The Accounting department maintains the general ledger, which is the central repository for all financial transactions. They record and classify transactions, ensure accuracy and completeness, and reconcile subsidiary ledgers to the general ledger.

Budgeting and Forecasting: accountants assist in the budgeting process by gathering data, analyzing trends, and collaborating with other departments to develop accurate financial forecasts. They monitor budget performance, provide variance analysis, and recommend adjustments as needed.

Accounts Payable: the Accounting department manages the accounts payable process, including reviewing and processing vendor invoices, ensuring timely payment, and maintaining accurate vendor records. They also reconcile vendor statements and address any discrepancies.

Accounts Receivable: accountants oversee the accounts receivable function, ensuring timely and accurate customer invoicing, tracking payments, and following up on outstanding balances. They may also manage collections and credit control processes...: https://westtoeastllc.com/services/accounting