YGAP Certified Accounting ERP Professionals Act as your Finance and Accounting Team.
Yantrainc General Accounting Practice (YGAP) provides assistance with financial operations through cloud software. Which frees up time and resources to focus on your core competencies. We become your extension and take responsibility for performing routine accounting tasks, such as bookkeeping, accounts payable and receivable, and financial statement preparation.
With cloud ERP software model of outsourcing, businesses can streamline their accounting processes and reduce operational costs, while benefiting from access to skilled accounting professionals and advanced technologies and expertise. Additionally, YGAP provides businesses with real-time insights and analytics to help them make informed decisions about their financial operations.
ERP Accounting Software Expertise
YGAP assists with accounting operations by leveraging our expertise in ERP accounting software
and financial management solutions to streamline processes, improve efficiency, and enhance the overall financial health of their clients. Here’s how we use our ERP expertise to provide accounting assistance:
Cloud Accounting Software Selection: Assist in selecting the right cloud accounting software that best fits business needs. The choice of software depends on factors like the size of the business, industry-specific requirements, and budget constraints.
Implementation and Setup: YGAP helps in configuring the software to align with the client’s chart of accounts, tax codes, and other financial parameters. This ensures that the software captures the specific financial data relevant to the client’s business.
Data Migration: If the client is transitioning from legacy accounting systems or spreadsheets, YGAP assists in migrating financial data to the cloud platform. This includes importing historical transactions, customer data, vendor records, and more.
Automation and Integration: YGAP leverages cloud software’s automation capabilities to streamline financial processes. For example, we can set up automated bank feeds, recurring transactions, and invoice reminders.
Real-Time Financial Reporting: Cloud accounting software provides real-time access to financial data. YGAP fuses this feature to generate up-to-date financial reports, including income statements, balance sheets, cash flow statements, and customized reports tailored to the client’s needs.
Security and Data Backup: YGAP ensures that client data is secure in the cloud. They set up appropriate access controls, user permissions, and data encryption. They also establish regular data backup and disaster recovery procedures to protect against data loss.
Compliance: YGAP firms use cloud software to stay up-to-date with compliance requirements. This enables them to provide advisory services to minimize liabilities and ensure compliance.
Expense and Receipt Management: Many cloud accounting platforms offer tools for expense tracking and receipt management. YGAP helps clients implement these features to simplify expense reporting and ensure that no deductible expenses are missed.
Scalability: YGAP ERP accounting software expertise helps clients adapt to changing needs by adding new features or integrating additional modules as necessary.
Training and Support: YGAP offers training to clients and their staff to ensure they can effectively use the automated accounting processes. We also provide ongoing support and troubleshooting to address any issues that may arise.
At Yantra General Accounting Practice we use our ERP accounting software expertise to provide a range of financial services that enhance our clients’ financial operations. Offering advantages in terms of accessibility, automation, security, and scalability, enabling YGAP to deliver more efficient and effective accounting services.
Accounting Services offered Via YGAP
YGAP will work with your business to set up the general ledger and configure it to reflect the business’s chart of accounts, accounting policies, and financial reporting requirements. We ensure that all transactions are accurately recorded, and generate regular reports from the general ledger to provide a complete picture of the organization’s financial health.
YGAP with accounts payable manages the payment of bills and invoices, including vendor management and reconciliation of accounts payable. We ensure that the balances match with external sources such as bank statements and other financial records, and provide any required ongoing support to the business.
YGAP will be responsible to manage and collect customer payments for goods or services provided. Generate and send invoices, process the payments received, and manage collections efforts for overdue accounts. We ensure that with AR management businesses improve cash flow, reduce administrative burden, and ensure that customers are paying their invoices on time.
YGAP is designed to provide specialized assistance and guidance to top-level executives to carry out their duties more effectively. YGAP provides the necessary resources, information, and expertise to help them make strategic decisions, manage critical issues, and achieve the business objectives for strategic planning, and the right administrative control.