At KAB Resources, we understand that managing finances can be time-consuming. Our outsourced accounting services are designed to provide consistent and reliable solutions tailored to your business needs.
We prioritize cost-effective, scalable services that ensure a clear return on investment. Whether you’re a startup or an established business, our team of experts is here to help you achieve financial stability and efficiency.
TESTIMONIALS
“Working with KAB has been a game-changer. Their reliable and cost-effective solutions give us hiring flexibility because of changing business needs. I don’t waste time with recruiting, training, and turnover in accounting, allowing us to focus on our core business.”
OUR SERVICES
We operate with industry-leading SLAs, helping you close the books quickly and confidently
Back Office Admin Services
Monthly Reconciliations
Accounts Receivable Processing
Accounts Payable Processing
Custom Dashboards
General Ledger
Audit Support & Preparation
Tax Filing Support
Operational Support
General Bookkeeping
Reporting & Insights
KPIs
Monthly Close
Journal Entries
Cash Flow Reporting
Accounting Automation
Typical Process to Get Started
Phase 1: Define
Objective: Understand your needs, gather necessary information, and establish the scope of work.
Discovery Stage
1.1 Initial Consultation
- Schedule a meeting to discuss your business needs.
- Gather information about existing accounting software, and specific bookkeeping needs.
- Assess requirements to determine the scope of work and identify any pain points or areas for improvement.
1.2 Proposal and Agreement
- Prepare a proposal outlining the services to be provided, including frequency, deliverables, and pricing.
- Review and revise the proposal with you, making any necessary adjustments.
- Draft and sign a service agreement detailing the terms of the engagement.
Phase 2: Design
Objective: Plan and understand the bookkeeping system, ensuring it meets the company’s needs and integrates with existing tools.
Onboarding Stage
2.1 Information Gathering
- Provide an intake form for detailed business and financial information.
- Provide a document checklist for required documents (e.g., bank statements, previous financial reports, tax returns).
- Obtain access to relevant systems (accounting software, etc.).
2.2 Setup and Integration
- Understand accounting software configuration.
- Import historical data from previous systems (if needed).
- Connect accounting software with other tools (if needed).
2.3 Initial Review and Cleanup
- Review the previous year’s transactions for consistency.
- Verify if balance sheet accounts are reconciled up to the start date.
- Make necessary adjustments (as requested).
Process Design Stage
2.4 Process Implementation
- Develop standard operating procedures (SOPs) for routine tasks (e.g., transaction recording, reconciliation, reporting).
- Set up a schedule for regular tasks (e.g., weekly transaction updates, monthly reconciliations).
- Establish regular communication channels and reporting frequency (e.g., monthly meetings, email updates).
Phase 3: Deliver
Objective: Implement, support, and continuously improve the bookkeeping processes to ensure ongoing success.
Transaction Processing Stage
3.1 Transaction Processing
- Record daily transactions accurately and timely.
- Save all receipts, invoices, and financial documents.
- Route transactions for approval.
Month-End Close Stage
3.2 Month-End Close
- Reconcile all bank and credit card accounts.
- Review and adjust journal entries.
- Ensure all expenses and revenues are recorded correctly.
- Close the books for the month ensuring accuracy and completeness.
Reporting Stage
3.3 Reporting
- Prepare financial statements (e.g., income statement, balance sheet).
- Review financial statements for accuracy and insights.
Optional Services
Objective: Provide additional services based on your needs.
4.1 Support Tax Filings
4.2 Support Financial Statement Audits
4.3 Support Compliance Filings