Client Accounting Services – Kentucky
Kentucky business owners and executives need timely and accurate financial reports to inform both everyday and strategic decisions. Disruptions to the accounting and financial reporting process due to unexpected staff turnover, outdated accounting systems or an overwhelmed department can lead to significant frustrations and missed opportunities.
While some attempt to address the challenge internally, the time needed and cost incurred can be significant. For this reason, many turn to Client Accounting Services to address short- and long-term issues.
Adams Brown, Strategic Allies and CPAs, is a Certified Public Accounting (CPA) firm that provides client accounting services to companies in Kentucky and across the U.S. We work with a variety of organizations ranging from those with no internal financial team up to those with a sophisticated accounting department that need additional support. The team can help you identify issues, understand needs and implement timely solutions. The result is an optimized accounting process that makes managing your business easier.
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Whether you’re looking for assistance with a short-term project or need ongoing support, Adams Brown stands ready to assist.
Outsourced CFO Services
- Assisting with federal and state tax compliance and reporting
- Developing cash flow improvement programs
- Developing key relationships with venture capitalists, bankers, auditors and lawyers
- Developing strategies and tactics to minimize overall tax liability and exposure
- Evaluating and creating internal controls
- Evaluating equity transactions
- Managing capital to improve profitability
- Overseeing financial and accounting functions
- Producing accurate, meaningful financial statements
- Serving as a liaison to lenders, investors and other outside financing sources
Outsourced Accounting Services
- Post cash receipts and disbursements
- Reconcile bank accounts monthly
- Process accounts payable including obtaining proper account codes
- Manage payroll and payroll reporting
- Set up customized chart of accounts
- Manage invoicing and accounts receivable
- Prepare general ledger and financial statement compilations
- Summarize data required for tax returns
- Prepare sales tax returns
- Assist with day-to-day journal entries
- Set up and support QuickBooks software
- Manage depreciation schedules
Benefits of Outsourcing
About Kentucky
Kentucky’s rich history in agriculture sets the foundation for a vibrant agricultural industry. The state is renowned for its horse breeding and racing, with famous horse farms and the iconic Kentucky Derby capturing the world’s attention. Additionally, Kentucky is a major producer of tobacco, corn, soybeans and livestock, contributing to the state’s agricultural heritage.
The manufacturing sector plays a significant role in Kentucky’s economy, employing a substantial portion of the workforce. The automotive industry has a strong presence in the state, with major manufacturers like Toyota and Ford operating assembly plants and generating thousands of jobs. Kentucky also boasts a robust aerospace industry, with companies like Lockheed Martin and General Electric manufacturing aircraft components and providing engineering services.
