FAQs
Accounting Services
Starting a trial is simple. Contact us, and we’ll set up a trial period where you can experience our services first-hand. This trial focuses on demonstrating how we can alleviate your financial management stress and streamline your accounting processes.
We provide essential financial reports, including Profit and Loss Accounts, Balance Sheets, and Cash Flow Statements, along with customized analytical reports tailored to meet your specific needs.
We have different communication mediums, such as mail, chats, teams, slack, and other relevant platforms with which we keep consistent and regular communication. We also conduct weekly meetings so that we can have clear one-to-one contact with our clients.
Yes, Globus Finanza will provide you with an experienced bookkeeper depending on your requirements. You can hire a bookkeeper on a full-time, Part-time, or hourly basis.
Yes, Globus Finanza has all the necessary software systems and secured IT infrastructure to manage our client’s bookkeeping jobs to ensure smooth workflow.
We need to assess the volume of work, the scope of work, the number of transactions pending for posting, the reconciliation required, adjustments required to close the books, etc., and based on that either we can propose you fixed price cost for the project, or you can hire staff for the required number of hours to complete the job.
Yes, you can also hire an accountant for full-time, part-time, or a fixed number of hours as per your requirement if you can’t estimate the number of hours upfront. We are flexible to work with the model convenient for you.
Generally, it depends and varies from one business to another. However, we need the following documents as per our common checklist
- Revenue Transactions
- Bank Accounts information & statement
- Previous year’s financial statements and tax return copy
- Inventory details
- Intercompany Transaction
- General Ledger
- Any other information for year-end accounting
Our procedure for providing year-end accounting services includes establishing a closure timetable, assembling unpaid invoices and receipts, examine asset accounts.
Tally up all transactions, and close out the accounts payable and receivable. accumulate receivables, accrue debtors’ obligations, adapt entitlements and grants, etc.
The length of time to complete your year-end accounting services will vary depending on the complexity of your business and your specific needs.
Yes, we have a data entry specialist, you can hire them for your Data entry work.
It depends on various factors such as the size & complexity of the invoices, software speed, whether a document needs to be attached with posting transactions or not, whether master for invoice processing is available in the software or not, etc. We can provide an estimate once we receive some basic information.
We can provide weekly, bi-monthly, monthly, and yearly depending on your requirements.
Yes, we have a data entry specialist, you can hire them for your Data entry work.
It depends on various factors such as the size & complexity of the invoices, software speed, whether a document needs to be attached with posting transactions or not, whether master for invoice processing is available in the software or not, etc. We can provide an estimate once we receive some basic information.
We can provide weekly, bi-monthly, monthly, and yearly depending on your requirements.
We follow this process flow of inventory in the Manufacturing business:
- The issue of the purchase order
- Receipt of material
- Preparation of job card and BOM by the production department
- Submission of stock requisition by the production department to the store department
- The issue of material by store department
- Production of finished goods
- Quality testing
- Sale of goods
No, we don’t provide physical stock count service. We can help you set up the system for robust inventory management solutions by integrating financial accounting, cost accounting, and inventory accounting.
Yes, our team is well-versed in e-commerce inventory management. Our team can help you choose the best e-commerce inventory management software considering the user interface, integration with your accounting & other software, and pricing of the software.
We use various restaurant inventory management software depending on the requirements of the clients and integration with POS systems such as Posist, Restaurant 365, Marketman, Oracle NetSuite, UPserve, etc.
We adapt to your preferred payroll schedule, whether it’s weekly, bi-weekly, monthly, or another frequency. Our flexible approach ensures that our services align seamlessly with your business operations.
We use the best payroll software to process payroll like ADP, QuickBooks, Gusto, Paychex, Paylocity, etc.
We charge fixed payroll setup fees for one time, employee onboarding fees for new employees, and variable fees per employee for every payroll run.
- Revenue Transactions
- Bank Accounts information & statement
- Previous year’s financial statements and tax return copy
- Inventory details
- Intercompany Transaction
- General Ledger
- Any other information for year-end accounting
Our team meticulously calculates gross pay, determines the correct deductions, and maintains rigorous audit trails for payroll records. This comprehensive approach ensures compliance and accuracy in every payroll cycle.
Tally up all transactions, and close out the accounts payable and receivable. accumulate receivables, accrue debtors’ obligations, adapt entitlements and grants, etc.
Yes, you can share your employee’s data without any hesitation, your data will be completely kept secure. We use secured IT infrastructure for sharing, processing, and reporting client’s confidential data.
We specialize in crafting detailed financial reports, such as balance sheets, P&L statements, and cash flow statements. Our services also include conducting detailed financial analysis, budgeting, forecasting, and variance analysis to provide crucial insights for your business’s strategic financial planning.
Our team expertly analyses cash inflows and outflows, suggesting improvements for enhanced business liquidity. We focus on optimizing your business’s operating, investing, and financing activities without impacting key relationships, thus ensuring better cash flow and finance management.
Our service cost varies per client since some choose to outsource functions completely to us while others prefer only a part of the services that we offer.
As such, we work with each client in order to determine their needs and then develop a unique pricing model per the services required by them. While we cannot provide an approximate service cost to you, we assure you that outsourcing to us will be significantly lower than hiring an on-site employee for your requisites.
We need to assess the volume of work, the scope of work, the number of transactions pending for posting, the reconciliation required, adjustments required to close the books, etc., and based on that either we can propose you fixed price cost for the project, or you can hire staff for the required number of hours to complete the job.
Yes, you can also hire an accountant for full-time, part-time, or a fixed number of hours as per your requirement if you can’t estimate the number of hours upfront. We are flexible to work with the model convenient for you.
Generally, it depends and varies from one business to another. However, we need the following documents as per our common checklist
- Revenue Transactions
- Bank Accounts information & statement
- Previous year’s financial statements and tax return copy
- Inventory details
- Intercompany Transaction
- General Ledger
- Any other information for year-end accounting
Our procedure for providing year-end accounting services includes establishing a closure timetable, assembling unpaid invoices and receipts, examine asset accounts.
Tally up all transactions, and close out the accounts payable and receivable. accumulate receivables, accrue debtors’ obligations, adapt entitlements and grants, etc.
The length of time to complete your year-end accounting services will vary depending on the complexity of your business and your specific needs.
Tax Services
We specialize in tax preparation outsourcing services, catering to both businesses and CPA firms. Our blend of professional expertise and approachability ensures cost-effective solutions, meticulous accuracy, and strict adherence to tax filing deadlines.
Provide your clients’ necessary financial and personal information to the outsourcing service provider. This can include W-2s, 1099s, and other financial statements. The outsourcing service provider will then use this information to prepare your clients’ tax returns and share the same with you.
Yes, we do provide either 15 hours of free trial or a couple of returns for you to assess the quality of our tax preparation services. Once you are satisfied then only you can decide to go ahead with Globus Finanza
You can go for a return model where you can outsource to us the number of returns you have and pay only for it. You do not need to bear the cost of full-time staff or a fixed number of hours cost.
You can hire a full-time tax preparer for tax season and utilize the same resources for either accounting work for a non-tax season at a discounted rate or hire for part-time at the same rate.
We specialize in tax preparation outsourcing services, catering to both businesses and CPA firms. Our blend of professional expertise and approachability ensures cost-effective solutions, meticulous accuracy, and strict adherence to tax filing deadlines.
Provide your clients’ necessary financial and personal information to the outsourcing service provider. This can include W-2s, 1099s, and other financial statements. The outsourcing service provider will then use this information to prepare your clients’ tax returns and share the same with you.
Yes, we do provide either 15 hours of free trial or a couple of returns for you to assess the quality of our tax preparation services. Once you are satisfied then only you can decide to go ahead with Globus Finanza
You can go for a return model where you can outsource to us the number of returns you have and pay only for it. You do not need to bear the cost of full-time staff or a fixed number of hours cost.
You can hire a full-time tax preparer for tax season and utilize the same resources for either accounting work for a non-tax season at a discounted rate or hire for part-time at the same rate.
We specialize in tax preparation outsourcing services, catering to both businesses and CPA firms. Our blend of professional expertise and approachability ensures cost-effective solutions, meticulous accuracy, and strict adherence to tax filing deadlines.
Provide your clients’ necessary financial and personal information to the outsourcing service provider. This can include W-2s, 1099s, and other financial statements. The outsourcing service provider will then use this information to prepare your clients’ tax returns and share the same with you.
Yes, we do provide either 15 hours of free trial or a couple of returns for you to assess the quality of our tax preparation services. Once you are satisfied then only you can decide to go ahead with Globus Finanza
You can go for a return model where you can outsource to us the number of returns you have and pay only for it. You do not need to bear the cost of full-time staff or a fixed number of hours cost.
You can hire a full-time tax preparer for tax season and utilize the same resources for either accounting work for a non-tax season at a discounted rate or hire for part-time at the same rate.
We specialize in tax preparation outsourcing services, catering to both businesses and CPA firms. Our blend of professional expertise and approachability ensures cost-effective solutions, meticulous accuracy, and strict adherence to tax filing deadlines.
Provide your clients’ necessary financial and personal information to the outsourcing service provider. This can include W-2s, 1099s, and other financial statements. The outsourcing service provider will then use this information to prepare your clients’ tax returns and share the same with you.
Yes, we do provide either 15 hours of free trial or a couple of returns for you to assess the quality of our tax preparation services. Once you are satisfied then only you can decide to go ahead with Globus Finanza
You can go for a return model where you can outsource to us the number of returns you have and pay only for it. You do not need to bear the cost of full-time staff or a fixed number of hours cost.
You can hire a full-time tax preparer for tax season and utilize the same resources for either accounting work for a non-tax season at a discounted rate or hire for part-time at the same rate.
Tax planning helps individuals and businesses effectively manage their financial affairs to reduce tax liability and ensure compliance with tax laws. It can help maximize after-tax income, plan for future expenses, and achieve financial goals.
We can provide expert advice on complex tax matters, help you identify opportunities for savings, assist in creating a customized tax plan tailored to your specific needs and goals, and ensure compliance with ever-changing tax regulations.
Tax laws are subject to change regularly; therefore, it is recommended to review your tax plan annually or whenever there are significant life changes (Marriage, Divorce, Birth of a child, Retirement, etc.) that may impact your tax situation.
Audit Services
Our review process includes detailed inquiry and analytical procedures, focusing on providing a mid-level assessment that assures the absence of material misstatements in financial statements.
Our compilation services provide a clear presentation of financial statements, complying with AICPA standards. This service is ideal for internal reports and offers a straightforward view of your company’s financial condition.
Yes, we take care of each of our clients’ needs and offer customized services that best suit their requirements, thus, bringing optimal output at all times
If you don’t have much work, you can go for project-based engagement rather than hiring full-time audit support staff. However, for the project-based model, you need to provide us with the scope and magnitude of the work well in advance.
Yes, we can provide you with full-time dedicated staff for 8 hours a day or part-time staff depending on your requirements. You can also hire staff for a fixed number of hours if you don’t have much work.
Advisory Services
Globus Finanza offers two primary service models for outsourced CFO services:
End-to-End Outsourcing: Complete oversight of financial functions suitable for start-ups and small to mid-sized businesses.
Dedicated Staffing: Part-time or full-time dedicated CFOs tailored for mid-market companies and large enterprises seeking extended financial management support.
Globus Finanza offers several advantages with its virtual CFO services. We provide expert financial oversight and strategic guidance tailored to your business needs, enabling you to focus on core operations while ensuring financial stability and growth. Our services are cost-effective, providing CFO-level expertise without the expense of a full-time executive.
The cost of a virtual CFO service will vary depending on the size and complexity of the business. The service can be provided on a monthly or annual basis, and businesses can choose to pay for the service as a lump sum or on a pay-as-you-go basis.
Our virtual CFO services are beneficial across various industries and cater to businesses of all sizes, from start-ups and SMEs to large corporations. We tailor our services to meet each client’s unique financial needs and growth objectives.
Our Virtual CFO can work according to your needs and work. Generally, when you hire a full-time virtual CFO, they work for 8 hours a day/5 days/a week.
To begin with, our team takes note of how our client’s business operates, their tangible and intangible assets, prior earnings, and relative valuation. Once, we get clarity on the same, we move ahead with further procedure.
Yes, our team after ascertaining your needs, customizes the services that best suit your requirements. As such, tailor-made services are offered from our side per the requisites of our clients.
We possess a highly skilled team with years of experience in the industry. Our CEO is a Certified Financial Analyst degree holder, all our business valuation specialists have an in-depth understanding of the intricacies pertaining to the business valuation segment.
We also make sure that our mavens stay updated at all times, and hence, we train them through various programs at regular intervals, which further assist us in bringing effective services to you.
Financial modeling can benefit your business by providing insights into your company’s financial health, helping in strategic planning, identifying growth opportunities, and improving decision-making processes.
Our financial modeling service stands out for its accuracy, attention to detail, customized approach to each client’s needs, timely delivery of projects, and expertise in handling complex financial scenarios
The time required to complete a financial model depends on the complexity of the project and the scope of work involved. Typically, we provide clients with a timeline at the beginning of the engagement based on these factors.
Yes, we take data security seriously and have robust measures in place to protect our clients’ sensitive information. We adhere to strict confidentiality agreements and industry best practices to ensure that your data remains secure throughout the engagement.
