Accounts Payable
- Develop a collaborative strategy for evaluation and approval of vendor bills with your team.
- Process incoming Vendor Bills and compare to company issued Purchase Orders.
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Process outgoing payments for on time delivery by preparing Batch Payments or Check Runs in consultation with the internal staff.
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Perform day to day financial transactions, including verifying, classifying, and recording accounts payable data
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Reconcile the accounts payable ledger to ensure that all bills and payments are accounted for and properly posted.
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Verify and investigate discrepancies, if any, by reconciling vendor accounts and monthly vendor statements
Accounts Receivable
- Generate and send invoices based on their readiness in Odoo (Orders to Invoice)
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Facilitate payment of invoices due by sending bill reminders and contacting clients (Follow Up Reports)
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Generate reports detailing Accounts Receivable status for management review.
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Understand compliance issues around accounts payable processes (W-9, sales tax, etc.)
- Post cash receipts in Odoo and review discrepancies.
General Bookkeeping
- Understand expense accounts and cost centers
- Review and approve expense reports including collection of receipts and comparison to credit card statements.
- Prepare and remit Sales Tax to your local taxing authorities.
- Compare partner ledger data in the event of any customer or vendor discrepancy.
- Perform bank reconciliation in Odoo using built in tools.
Controller / CFO Services
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Perform monthly closing entries and review any balance sheet accounts (ex. inventory valuation).
- Fixed Asset management including depreciation reviews and expense timing.
- Configuration and consultation on your Odoo Cash Flow Statement.
- Consultation on how to best setup complex manufacturing or inventory accounting processes in Odoo including WIP or Job Costing.
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Assisting the company ownership to develop financial plans and review results.
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Managing accounting procedures and developing workflow of controls.