Information Technology
Fast growth across several entities outpaces what the finance team can reliably report.
Fix the reporting before the business outgrows it.
Bookkeeping and day-to-day accounting, handled
Accounting Solutions is Source360's accounting and bookkeeping service, for business owners, growing companies and accounting firms that need their records kept accurate without expanding the internal team. We record the transactions, reconcile the accounts and close each period.
The records everything else is built on
Accounting Solutions keeps the day-to-day records right. Bookkeeping and reconciliation are the work. The point of the work is that you, your bank, your auditor and your tax adviser can all rely on the same numbers without checking them first.
It is a different job from Financial Reporting, and it comes first. Accounting Solutions records and maintains the transactions. Financial Reporting takes those records and prepares the statements and management reports your stakeholders see. One creates the records; the other presents them.
Tax Intelligence then works from the same records to prepare and file your returns. Because all three sit inside one firm, the figures stay consistent from the ledger through to the filing, instead of being reconciled between separate providers.
When businesses bring in accounting support
These are the situations where keeping the books internally has stopped working as well as it needs to.
Records behind or incomplete
The books are not current, so nobody can answer a straightforward question about the position without doing the work first.
Month-end takes too long
Closing the period runs into the next one, which pushes back reporting and leaves less time to act on what it shows.
Inconsistent records
The same kind of transaction has been recorded different ways over time, so figures cannot be compared between periods with confidence.
Reconciliations falling behind
Bank accounts have not been reconciled recently, so differences accumulate and become harder to trace the longer they sit.
Several entities to keep straight
Each entity keeps its own records in its own way, which makes anything covering the whole group a manual exercise.
Invoices and payments to stay on top of
Supplier invoices and customer balances need recording and monitoring consistently, and that work is being fitted around everything else.
What your records go on to support
Accounting Solutions is where the financial information starts. Everything below works from the records it produces.
Enabling Financial Reporting
Financial Reporting prepares your statements and management reports directly from these records, so nothing has to be rebuilt or reconciled before reporting can begin.
Underpinning Tax Intelligence
Tax Intelligence prepares and files your returns from the same records, so what you file and what your books show agree.
Extended by Outsourcing Services
Where more capacity is needed, Outsourcing Services supplies additional accounting professionals so the work continues at the same standard.
What you get from records kept properly
Fewer errors to find later
Transactions are recorded correctly the first time, so corrections stop turning up during reporting, tax preparation or an audit.
Books that are current
The records are up to date rather than weeks behind, so a question about the position can be answered when it is asked.
Stronger financial administration
The routine work runs to a schedule rather than depending on whoever has time, which is what keeps it consistent.
Information ready for tax
When a filing is due, the underlying information is already accurate and organised, so preparation does not start with a clean-up.
Consistent bookkeeping
The same activity is recorded the same way each period, so figures can be compared over time without adjusting for how they were entered.
Records that keep up
As transaction volumes rise, the same process handles them, so expanding does not mean rebuilding how the books are kept.
From your current books to a running routine
Every engagement follows the same four steps, so you know what is being done and when each period closes.
Review
We review your existing records and how they are currently kept, so we know what is accurate, what is outstanding and what needs correcting first.
Setup
A consistent way of recording each type of transaction is put in place across every entity, so the same activity is handled the same way wherever it happens.
Day-to-day bookkeeping
Transactions are recorded, bank accounts reconciled, and payables and receivables maintained as part of the ongoing routine.
Month-end and year-end
Each period is closed on schedule and the records handed over ready for reporting and tax, rather than needing work before they can be used.
Different operations, the same requirement
What gets recorded differs by industry. The need for those records to be accurate and current does not. These are the industries we work in most often.
Healthcare
Regulation and cost pressure make it hard to keep an up-to-date financial picture.
Compliance and performance reporting belong in one view.
Manufacturing
Margin pressure and multi-site operations obscure true cost and profitability at unit level.
Consolidation reveals where margin is actually created.
Professional Services
Utilisation, billing and partner economics depend on information that is rarely consolidated.
See which work is actually profitable, not just which is busy.
Financial Services
Regulatory reporting demands increase faster than internal capacity can absorb them.
Meet reporting demands without adding headcount.
CPA Firms
Seasonal demand and talent scarcity constrain capacity precisely when client work peaks.
Scalable support that protects the client relationship.
Thinking behind the approach
These pieces cover what happens when financial information sits in too many places, and what consolidating it properly makes visible.
Why Scattered Information Delays Executive Decisions
Most delay is not caused by missing data. It is caused by information that has never been reconciled into a single view.
Read InsightWhat Multi-Entity Consolidation Reveals About Performance
Consolidation is treated as a compliance exercise. Handled well, it is the clearest view of operating performance a business has.
Read Insight
Evidence you can examine
Our research states its methodology up front, so you can judge how it was produced before deciding whether to rely on it.
Let's Talk Through It.
Speak with an advisor about the reporting, compliance or capacity questions your business is working through.