Successfully Leverage Accounting as a Strategic Tool.
Accounting Services that Exceed XPECTations
XPECT creates value for both businesses and individuals by providing outstanding professional services that leverage the skills and talents of our dedicated team. A categorized listing of services is provided below.
Outsourced Accounting Services
Outsourced Controller
XPECT will manage your internal accounting on a fractional basis. A typical scope of service includes managing financial close and reporting, assisting with establishing and implementing accounting policies and procedures, approving vendor payments, and monitoring collections and assisting with evaluating credit risk. We will also assist you with monitoring tax and other regulatory compliance requirements.
Financial Close
XPECT will manage your monthly accounting close process for you. This includes preparation of bank and account reconciliations, determination of accounting estimates, preparation and posting of journal entries, and preparation of any required reporting for the business.
Payroll Services
Outsource your payroll processing to XPECT. We manage your payroll processing for you on your payroll platform, process employee updates, and act as your first point of contact for payroll matters. We also prepare payroll gross up calculations when needed for our Japanese clients. This service may be combined with our payroll tax services.
Accounting Standard Monitoring and Implementation
Accounting standards have changed significantly in recent years. For a minimal fee, XPECT will monitor developments in accounting standards for you and meet with your team on an annual basis to review developments in accounting standards relevant to your business. When changes arise, XPECT will help you create and execute an implementation plan to ensure compliance by required implementation deadlines. Accounting standard implementation services require an additional fee.
Vendor Payments Outsourcing
XPECT will manage vendor payments for your business. We collaborate with you to create an online approval process for vendor payments. Our team manages the processing of vendor invoices and will process the payment to the vendor and apply the payment in your accounting system. We will also assist with verification of vendor account updates as required.
Customer Payment Processing
Accounting Software Services
Financial Statement Preparation
Audit / Tax preparation Services
Attest and Assurance Services
Financial Statement Review
Compilation Services
Financial Statement Preparation
Japanese Business Services
J-SOX Compliance Services
Expatriate Tax Services
Withholding Tax Services
FBAR Reporting
Payroll Gross Up Calculations
Parent Company Reporting Services
Tax Advisory Services
Nexus Reviews
Income Tax Filing Services
Sales and Use Tax Filing Services
Payroll Tax Filing Services
Tax Audit Services
Notice Response
Individual Services
Income Tax Filing Services
Tax Planning and Implementation
Notice Response
Outsourced Accounting @ XPECT
What is the importance of the accounting function to a business? At XPECT, we believe that a strong accounting function brings order to business operations, improves operational effectiveness, and enables better decisions by management. Whether you want to outsource a part of your accounting function or the whole operation, XPECT will tailor a solution that aligns with your needs and objectives.
Is outsourcing a possible solution for your business? The table below identifies common accounting challenges faced by small and mid-size businesses and how outsourcing with XPECT addresses the challenge.
| Business Challenge | Outsourcing Solution |
|---|---|
| Accounting consumes management time | Frees management to focus on other areas |
| Inadequate staffing | Skilled outsourcing team |
| Lack of specialized knowledge / skill | Access to specialized professional knowledge and experience |
| No redundancy in accounting operations – work doesn’t get done if a team member is absent | Operational redundancy with backup personnel and written documentation of accounting procedures |