Outsourced Accounting

For closely held businesses, every day is an opportunity to get ahead of your competition. And while proper accounting is a critical component of any business’s success, the time, resources and expertise required to manage these operations can drain your energy and focus.

Our Edge

Wiss Outsourced Accounting In-The-Cloud is the smart solution to handle all your back office and advisory needs, including remote work requirements. This Cloud-based service offers peace of mind: transparency and access to the monthly accounting cycle anytime, anywhere.

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Service Offerings

Revenue Cycle

  • Invoice customers on a monthly basis
  • Record customer receipts on a weekly basis
  • Monitor Accounts Receivable Aging

Expenditure Cycle

  • Enter bills in bill.com on a weekly basis
  • Pay bills through bill.com system on a weekly basis after designated client personnel approves them
  • Record cash disbursements on a weekly basis
  • Record credit card transactions on a weekly basis
  • Record payroll journal entry biweekly
  • Record expense reimbursements
  • Monitor Accounts payable Aging

Reconciliations, Filings & Reporting

  • Weekly cash flow management
  • Reconcile bank accounts on a monthly basis
  • Reconcile credit card accounts
  • Reconcile intercompany accounts with related entities on a monthly basis
  • Reconcile other balance sheet accounts
  • Post month-end journal entries when applicable
  • Sales Tax Filings
  • Prepare annual 1099s
  • Dashboard reporting to include monthly financials and performance indicators

“Wiss is an absolute necessity in the running of our business. We started off with utilizing outsourced accounting services, and have grown our relationship with Wiss to now incorporate HR services/support. I’m excited to continue this business relationship and continue to explore how else we can utilize the Wiss offerings.”

Chelsea Butler
Operations & Administration Manager, Theranica USA

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