case study

Accounting Procedures of a US Retail Business

Case Studies

Case Studies in the USA:

  • Bookkeeping procedure in a US retail business
  • Payroll department of a US employment firm
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Case Studies in the UK:

  • The UK-based logistics company's bookkeeping procedure
  • Payroll services for Ireland and the UK
  • An accounting firm case study
  • Bookkeeping for a food and beverage firm in the United States
  • Bookkeeping for a food and beverage firm in the United States
  • Accounting for a company that manages events

Case Studies of Australia:

  • Process of payroll for an Australian business

Case Studies of Dubai:

  • An analysis of the floral supply company's case

Difficulties encountered:

  • Prolonged bookkeeping because of the large number of supplier invoices and remittances that the client receives each week.
  • Poor Accounting Voucher Data Retrieval
  • Increased Bookkeeping Department Costs as a Result of Mindspace Team Rotation
  • Month Ends used to occur every two to three months.

Solutions:

  • US bookkeeping is Xpert Edge Global Team's area of competence. Initially, we created a process flow by studying the bookkeeping procedure.
  • After that, the client used to scan the entire FTP server as a "shoebox."
  • The Xpert Edge Global Team initially places the scanned data in the appropriate folders in accordance with the SoPs.
  • The team works remotely to access the client's server and completes QuickBooks bookkeeping.

Advantages:

  • Month Ends is finished in thirty days.
  • 7 days of month-end bank reconciliations
  • The clients have also contracted with Xpert Edge Global to handle their AP and AR reconciliations.
  • The F&A staff focuses mostly on regulatory compliance issues and management reporting.
  • 60% cost reduction in the accounting department
Process of Workflow
Costs of Bookkeeping
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India Office

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USA Office

Lorem Ipsum es simplemente el texto de relleno de las imprentas y archivos de texto. Lorem Ipsum ha sido el texto de relleno estándar de las industrias desde el año 1500,

uk Office

Lorem Ipsum es simplemente el texto de relleno de las imprentas y archivos de texto. Lorem Ipsum ha sido el texto de relleno estándar de las industrias desde el año 1500,

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