Our Finance & Accounting Process

At Invensis, we boast of a well-defined Finance and Accounting (F&A) process meticulously designed to streamline financial operations. From initial data collection to final reporting, our structured approach ensures accuracy, compliance, and transparency every step of the way, delivering optimal results for your business's financial management needs.

How We Streamline F&A Process

We bank on a systematic approach to ensure precision, transparency, and efficiency in managing your financial needs. Explore the steps below to gain insight into how we deliver tailored solutions to optimize your financial operations.

How We Streamline F&A Process
  • Identifying and Recording Transactions

    • Receiving the transaction details and financial activity from clients
    • Gather and verify supporting documents from you.
    • Input transactions into the accounting system with all relevant details.
  • Preparing Journal Entries

    • After recording transactions, we analyze them into debits and credits
    • Our accountants allocate suitable ledger accounts, ensuring accurate categorization.
    • We follow double-entry accounting principles, recording equivalent debits and credits
  • Posting to the General Ledger

    • The recorded journal entries are transferred to corresponding accounts in the general ledger.
    • Account balances are adjusted by our experts to reflect the financial position changes resulting from posted journal entries.
    • We verify posted information for accuracy, ensuring reliability in financial reporting and analysis.
  • Generating Unadjusted Trial Balance Report

    • Trial balance is computed at the end of the accounting period (quarterly, monthly, or yearly), summarizing all ledger account balances to create an initial unadjusted trial balance.
    • Review to confirm total debits are equal to the total credits recorded and ensure the accuracy of the ledger before adjustments.
  • Preparing Worksheets

    • Arrange information from the unadjusted trial balance in the right structure for analysis.
    • Adjustments needed to correct accounts based on business transactions and accounting principles are computed.
    • Our experts record adjustments in the worksheet to facilitate their incorporation into financial statements later.
  • Preparing Adjusting Entries

    • Identify and record transactions initially missed during the regular accounting cycle.
    • Adjust entries for accrued revenues/expenses or deferred revenues/expenses to adhere to accrual accounting principles.
    • Make necessary adjustments to accurately reflect the financial position and comply with accounting standards.
  • Generating Financial Statements

    • Consolidate adjusted balances and adjustments from the trial balance into financial statement formats.
    • Summarize revenue, expenses, and net income to provide a snapshot of company profitability.
    • Present assets, liabilities, and equity to illustrate the company's financial position at a specific point.
    • Analyze operating, investing, and financing activities to detail sources and uses of cash.
  • Closing the Books

    • Identify revenue, expense, and dividend accounts as temporary, slated for closure at period-end.
    • Generate closing entries to transfer temporary account balances to the retained earnings account.
    • Adjust the retained earnings account to reflect the period's net income or loss, resetting temporary accounts for the next accounting period.

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Invensis - The Most Trusted Finance and Accounting Outsourcing Company

We have earned our position among the foremost finance and accounting firms through our extensive experience delivering robust support tailored to businesses across diverse industry sectors. Over the years, we have harnessed the expertise of a team exceeding 1000 professionals, efficiently processing over 400 million invoices with an exceptional accuracy rate of 99%, resulting in cost reductions ranging from 25% to 30%. Our clients rely on our comprehensive suite of services to effectively manage their financial affairs and achieve key objectives such as benchmarking, informed decision-making, regulatory compliance, precise financial reporting, and transparent communication with stakeholders.

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What Our Customers Say

Invensis' auditing and taxation services assisted us in effecting significant changes in the business's focus and nature. They have always provided us with a comprehensive and top-rated service, allowing us to meet deadlines internally and externally.

Norman Will
Leading Financial Institution in US

Invensis has helped us obtain business-critical data on our Accounts Receivable processes. This helped us make good cash flow decisions, motivate our teams, and maintain our focus on profit maximization.

Elijah Miller
Leading Telecommunications Company in UK

Invensis has been an outstanding business partner for over four years. Our Accounts Payable workflow has generated daily volumes of invoices to be processed, and Outsourced Bookkeeping handles the volume precisely. As a result, it's fantastic to arrive at work every day without any backlog.

Patrick Smith
Leading Customs Brokerage Company in UK
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Contact Information

You can reach us at:

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+1 (302)-261-9036
Locate Us
Invensis Inc. 2785 Rockbrook Dr STE 204 Lewisville, TX 75067

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