ACCOUNTING & BOOKKEEPING SERVICES_

CRESCO ACCOUNTING OFFERS AN EXTENSIVE RANGE OF ACCOUNTING AND BOOKKEEPING SERVICES TO SMALL AND MID-SIZED COMPANIES AND INDIVIDUAL CLIENTS_

Let us keep control of your bookkeeping obligations_

CRESCO offers an extensive range of Accounting and Bookkeeping services to small and mid-sized companies and individual clients. We are relatively small chartered accounting firms that most clients benefit by getting the personal attention that a lot of these growing businesses need.

Our in house accounting professionals are active members of highly reputable professional organizations and have access to a world of knowledge expertise and different resources at our fingertips.

Our main objective is to help business owners like you reduce time spent on non-essential tasks, enabling you to focus on core business functions and increase profitability.

OUR ACCOUNTING SERVICES_

We provide financial information to our clients in a timely and accurate manner. It is our commitment that we must not compromise. Our financial auditors and accountants prepare and report a meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis.

Our firm provides a full range of cost effective accounting services including the following:

This list is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.

Bookkeeping Services

Whether you are launching a start up in need of small business bookkeeping services or already run an established business, CRESCO can offer you a convenient bookkeeping solution. We provide you with easy access to qualified, seasoned bookkeepers and accounting professionals – without you ever having to hire them.

Our Bookkeeping Services Include the following:

1.) Accounts Payable Management (Vendor Bills and Payments)

2.) Accounts Receivable Management (Customer Invoices and Collections)

3.) Bank Reconciliation

4.) Inventory Management

5.) Recording and Reconciling Payroll Transactions

6.) Revenue Reconciliation with Bank Deposits

Controller Services

Our Controller Services provide you with access to knowledgeable CPA Level Expertise when your business demands it. Small and Medium sized business may not hire Financial Controller because the salary is cost prohibitive. With this function missing, many businesses lack the expertise to prepare, forecast and analyze operating budgets.

Our Controller level services can be customized to fit your needs and can include the following:

1.) Supervision and review of accounting staff’s work

2.) Ensuring all revenue and expenses incurred during the period has been recorded properly

3.) Fixed Asset Management

4.) Reconciliation of All Balance Sheet Accounts

5.) Preparation of Adjusting and Closing Entries

6.) Preparation of Financial Statements

CFO Services

Hiring a full time CFO (Chief Finance Officer) sounds expensive, consider our Part-time CFO services which will enable you to avoid spending money on high salaries yet still manage your financials. A typical team of CFO services consists of a Certified Public Accountant, a Bookkeeping or Accounting Specialist and a Customer Support Contact.

Our CFO Services include:

1.) Budgets and Forecasting

2.) Cash Flow Management

3.) Key Performance Indicators

4.) Financial Analysis

5.) Special Projects

6.) Financing

7.) Working with Professionals (CPA, Banker, Attorney etc)

Payroll Services

CRESCO Accounting offers customized Payroll Services which have the potential to save your business substantial costs as compared to an in house payroll professional. All your payroll information will be maintained accurately and securely.

Our Payroll Services include:

1.) Accurate Paydays

2.) Direct Deposit

3.) Professional Payroll Processing – pay checks and pay slips

4.) Payments to independent contractors

5.) Vacation and sick pay tracking

6.) All major pay types: salary, hourly wages, multiple pay rates, bonuses, expense reimbursements, allowances, holidays etc.

ACCESS YOUR ACCOUNTING DATA ONLINE_

CRESCO Accounting product offering give you access to the relevant accounting data of your company via our online portal, accessible to authorized stakeholders and employees.

The online platform provides a dashboard with an overview of cost, expenses, profit, liquidity and accounts receivable. The platform also allows to download the latest financial statements.

The platform also allows you to upload documents that need to be processed by CRESCO Accounting. It allows you to track the progress in processing this data and links to the e-mail and direct phone line of the accountants assigned to your company make it easy to stay in contact with CRESCO.

Stay up to date on your financials and join the new online platform of CRESCO Accounting.

Daniel dela Peña
Senior Accountant

Jeromme Tecson
Accountant

Make us your Payroll Accounting Services Partner_

When you are running a business, time is money. Just like Accounting functions, processing payroll internally is tedious, requires substantial man hours, and that demand increases as the organization grows.

Time spent on doing your payroll monthly or bi-monthly, managing considerable amounts of data and ensuring no miscalculations are made, is time taken away from the core tasks of your business.

Managing payroll involving different jurisdictions can be resource draining, from interpreting legislation, compliance with local rules, regulations and documentation.

CRESCO Payroll Outsourcing Services – which can include everything from pay calculations, deductions, record keeping, verifying the reliability of pay data, maintaining compliance with tax laws, records of new hires and edits existing employee files to handling of payroll enquiries, can help your organization to be better strategically positioned.

We are backed by leading technology solutions to maximize efficiency and delivery. Our solution consists of a communication portal, integrated data exchange and extensive reporting.

Payroll
Processing

Pay Calculation, Deductions, Benefits, Withholdings, Payments

Data
Verification

Set-up Employee
Record

Review of Contracts and Payroll Policy

Multiple Jurisdiction

Reporting

Payroll Register, Payroll Summary, Payroll Statement, Deposits and Payment Register

Record
Keeping

Employee Files, Medical Insurance, Visas, Leaves, Termination

Managed HR
Functions

Legislation
Compliance

Taxes and Local Rules

Forensic Accounting - detect fraud and misconduct_

Forensic accounting is a combination of accounting and investigative techniques used to discover financial crimes.

The types of crimes forensic accountants investigate are classified as “crimes against property.” Forensic accounting is also used in civil disputes and false claims to name some.

Our Forensic Accountants have the required skills and expertise to provide services across different forensic engagements.

They investigate crimes such as fraud and give expert testimony in court trials or a detailed written report for example to the owners of a company.

Our Forensic Engagements Include:

Identification of fraud which financially damages a company committed by staff and otherwise related individuals
Calculation of economic damages due to contract breach
Dealing with disputes post-acquisition, warranty breaches, etc.
Cases of reorganization, bankruptcy, or insolvency
Fraud related to securities, tax, money laundering
Business valuation and re-valuation
Investigation on compliance with anti-corruption measures
Disputes related to financial reporting
Prevention of fraud and dealing with false claims Act