Many organizations struggle with significant challenges related to their accounting function. Even with adequate resources and effective leadership, they may still experience issues with providing accurate reports, timely closing of the books, inefficient manual processes, absent internal controls, and/or accounting policy compliance.
The good news? It may be easier than you might think to peel back the onion, identify the issues, and implement effective solutions. An accounting assessment helps organizations create a more efficient and scalable finance and accounting process.
An assessment empowers your accounting department to make the changes necessary to support strategic decision-making and become an asset to the organization. It involves acquiring an understanding of the entire organization as well as a “deep dive” to analyze all components of your accounting system.
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The resulting accounting system assessment provides management with valuable information regarding the accounting system and use of related applications, implementation of best practices, development of stronger internal controls, as well as budgeting and reporting. Operational inefficiencies are identified and recommendations for improvement, including cloud-based technologies, are provided in a formal report.
What do cloud-based technologies mean for today’s accounting and finance teams? New cloud-based tools and services often result in significant savings in time and staff resources. With this in mind, many organizations are quickly adopting these new technologies to increase efficiency and support their bottom line.
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AGLA’s professionals lead the way in experience with the most popular technology available in today’s rapidly changing accounting environment. We offer ways to streamline cumbersome processes in order to save you time and help you focus on your core activities.
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The use of cloud-based technologies assist in the processing of routine business transactions such as accounts payable, timekeeping, expense reporting, and accounts receivable.
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We partner with technology solutions such as QuickBooks Online, QuickBooks Desktop, Sage Intacct accounting software, Bill.com (cloud-based automated accounts payable and more), Nexonia (cloud-based automated expense reporting and more) and many more.
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AGLA has a technology council that performs research and sits around the table to evaluate and tests new technology. This strategy empowers AGLA with industry technology knowledge and skills and thus offer the best possible options to its clients.
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During the engagement, our team actively seeks ways to achieve efficiency in the accounting process and makes valuable best practice recommendations.
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While we leverage the latest technology, we also embrace the importance of personalized service for our clients. New technologies work best with experienced guidance and support.
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In-depth review of the organization client's system.
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Interview with the key stakeholders.
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Planning and documentation.
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Developing an understanding of the Organization.
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Recommendations and Reports.