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MyTrueBooks for CPAs

Accountant

Are you a CPA firm looking for highly competent resources to offload your responsibilities and save majority of your costs?

We provide team for Audit support, Financial Due Diligence Assistance, Accounting & Bookkeeping, Report Conversions, Account cleanup, GAAP Conversions (USGAAP to IFRS and vice versa) and tax preparation services to CPA firms.

The team consists of Qualified Indian CPAs (Chartered Accountants) with vast experience in the field of accounting, compliances and reporting. The team is committed to Deliver, optimize and add value to every assignment taken by ensuring highest quality of competence, skills and ethics to act as your extended arm.

We provide our services in the following areas :

Audit Support

  1. Preparation of Risk Control Matrix, SOPs and Flowcharts

  2. Support in Test of Details 

  3. Substantive procedures (Analytical testing, expectation building)

  4. Sarbanes and Oxley Act Documentation 

  5. PCOAB Documentation 

  6. Drafting of Financial Statements 

  7. Post Audit procedures .

Financial Due Diligence Support

  1. Preparation of Data books 

  2. EBITDA, Net Debt and Working Capital analysis based on Transaction

  3. Reporting in advances visualization tools such as Power BI 

Bookkeeping

1.  Daily Data Entry

  1. Your sales documents are picked up from Point of sales/sales invoices. 

  2. Purchase Posting 

  3. Expense Posting 

  4. Posting from Bank accounts. 

2.  Order to cash cycle

Right from recording of sales to settling receivables we take care of everything in between which includes 

  1. Posting account of revenue 

  2. Posting receipts/payments 

  3. Integration with Order to Cash processes with suitable POS and other softwares. 

  4. Accounts Receivable Reconciliations

3.  Procure to pay cycle

Right from posing purchase and expense invoices to tracking your payments to vendors, we take care of everything in between which includes 

  1. Post of purchases/costs

  2. Posting of payments from bank statements 

  3. Integration with Procure to pay processes with suitable Expensify and other softwares. 

  4. Accounts Payable Reconciliations

4.  Inventory Management

  1. Setting up of product codes 

  2. Maintenance of stock ledgers 

  3. Cost allocation 

  4. Valuation assistance based on USGAAP/IFRS

5.  Sales tax summaries

Based on your product/service, state and country, we prepare monthly sales tax summaries for filing of returns and state tax payments.

GAAP Conversion

We are equally proficient in IFRS, USGAAP, INDAS and IGAAP. We offer the following solutions in this domain

  1. GAAP translation ( IFRS to USGAAP and vice versa)

  2. Reconciliation statements on GAAP adjustments 

Interactive Reporting

We help in converting traditional reports and MIS to interactive PowerBI reports and so that the reports talk to the client and fetch the answers to the questions in real time basis.

How's this data shared with us?

Data can be shared with us through:​​

  1. Our secured web portal (ISO27001:2013 Certified)

  2. Email

  3. Any other cloud storage platform.

How do we manage your data?

We follow three steep method to ensure that all the vouchers are mapped with the entries posted in your books of accounts which include:​​

  1. Indexing of data

  2. Arrangement of data

  3. Reporting and cross-mapping the vouchers in accounting softwares.

How can you access the data?

You can access the data through our web portal. Just login to your account and you will find all the vouchers neatly indexed and tying back to the record in accounting softwares so that no data gets lost no matter what.

Software Compatibilities

Xero Accounting Software logo

Xero

Odoo Accounting

Odoo Accounting Software logo

Microsoft Dynamics

Microsoft Dynamic Software logo

NetSuite

NetSuite Software logo

Bill.com

Bill.com Company logo

Quickbooks

QuickBooks Accounting Software logo
FreshBooks Invoice and Accounting Software company logo
Myob Accounting Software company logo
Quicken Finance and Money Management Software logo
Wave Financial Services Software logo
Sage Business Management Software logo
Microsoft Power BI Software logo

Power BI

Sage

Myob

Quicken

Wave

Freshbooks

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