What is your AccountingIQ?

Are you struggling to decipher your business’s financials?

When it comes to understanding your company’s financial health, having a sharp AccountingIQ is a necessity. Financial clarity empowers leaders to make smart business decisions, seize opportunities, and mitigate risks. If you’re still relying on manual processes or don’t have a pulse on your company’s financials, it’s time to rethink your approach. Today’s most successful businesses use accounting software solutions to streamline and automate their processes.

Staying ahead with AccountingIQ

Real-Time Data from Experienced Accountants

AccountingIQ, The A Team’s accounting software solutions practice, understands how important the right software is to the success of your business.

By combining advanced software and technology with our deep understanding of financial operations, we provide businesses with the tools needed to unlock their full potential. From reducing manual workloads to delivering real-time insights, AccountingIQ transforms how you manage and interpret your numbers.

We specialize in delivering accounting software solutions that provide real-time financial reporting and analysis—vital tools for identifying trends, monitoring performance, and making informed business decisions. With customizable KPIs and real-time financial dashboards, we turn complex data into clear, actionable insights designed to align with your unique business goals.

Contact us for a complimentary AccountingIQ consultation

Is your business experiencing any of these challenges?

Data Entry Errors

  • Duplicate Entries: Transactions entered more than once.
  • Omitted Transactions: Missing entries for expenses, revenues, or other transactions.
  • Incorrect Amounts: Typographical errors in numerical data.
  • Misclassified Accounts: Entries assigned to the wrong general ledger account (e.g., expenses posted as assets).

Reconciliation Errors

  • Bank Reconciliation Issues: Discrepancies between bank statements and ledger balances.
  • Intercompany Account Mismatches: Errors in accounts for subsidiaries or related entities.
  • Uncleared Items: Checks or deposits left unresolved for an extended period.

Software Configuration Errors

  • Chart of Accounts Setup Issues: Improperly structured or overly complex charts of accounts.
  • Tax Settings Misconfigurations: Incorrect tax codes leading to under- or over-reporting of taxes.
  • Automation Errors: Workflow automation rules that are misconfigured, leading to inappropriate postings or approvals.

Reporting Errors

  • Inaccurate Financial Statements: Mistakes in balance sheets, income statements, or cash flow reports due to data inconsistency.
  • Incorrect Period Close: Posting transactions to closed periods, distorting financial reports.
  • Consolidation Errors: Mistakes in merging data for multi-entity businesses.

Compliance Issues

  • Regulatory Reporting Errors: Noncompliance with tax filings or local accounting standards.
  • Improper Record Retention: Failing to store data for the required retention period.
  • Incomplete Audit Readiness: Gaps in documentation needed for audits.

Inefficient Processes

  • Manual Interventions: Over-reliance on manual inputs in automated systems.
  • Integration Failures: Poor syncing between accounting software and other systems (e.g., CRM, ERP).
  • Outdated Software: Using software versions lacking critical updates or security patches.

Currency and Foreign Exchange Issues

  • Currency Conversion Errors: Incorrect exchange rates applied to transactions.
  • Multi-Currency Configuration Issues: Errors in handling multi-currency transactions in global operations.

Aging and Write-Off Issues

  • Aged Receivables and Payables: Delayed follow-up on overdue invoices or payments.
  • Incorrect Write-Offs: Writing off items prematurely or inaccurately.

Recommendations for Review

  • Perform an Initial Data Integrity Check: Evaluate the accuracy and completeness of transactional data.
  • Assess Internal Controls: Are appropriate approval workflows and checks in place?

If you're experiencing any of these challenges...

Let AccountingIQ provide you with SOLUTIONS!

AccountingIQ Transforms your Financial Processes

with Cutting-Edge Accounting Software Solutions & Apps

No matter your challenges, we have the software and technology solutions to help your company transform its accounting operations to better fit your business’s unique needs.

1. Maximize Efficiency & Minimize Errors

  • Reduce financial discrepancies
  • Automate repetitive tasks

2. Speed Up Month-End Close

  • Boost process efficiency
  • Improve business agility

3. Access Real-Time Financial Insights

  • Instantly view dashboards & reports
  • Make faster, more informed decisions
  • Increase financial transparency

4. Understand & Control Cash Flow

  • Improve forecasting
  • Reduce shortfall risks
  • Prepare for future opportunities

5. Cut Monthly Accounting Costs

  • Lower operational and administrative costs
  • Spend less time fixing manual errors
  • Reallocate resources for growth

Choosing the Right Software is Important in Driving your Business Forward

Through the strategic implementation of advanced software and technology tools, The A Team’s Accounting IQ professionals help businesses make well-informed, timely decisions by:

  • Streamlining complex accounting tasks
  • Automating routine processes
  • Enhancing data accuracy

Our expertise lies in the adoption of state-of-the-art software, as well as tailoring solutions to the unique needs of each client to provide a seamless integration of technology into their existing financial ecosystems.

We have experience with an array of software and apps including:

QuickBooks Online
QuickBooks Desktop
Sage Intacct
Fathom
PowerBI
Jirav
Bill.com
Ramp
Tipalti
Fyle
SAP Concur
A2X
TaxJar
Cash Flow Frog
SOS Inventory

Contact us for a complimentary AccountingIQ consultation

What To Expect

When You Hire Our AccountingIQ Team

  • We’ll start by performing an initial needs assessment, carefully reviewing your accounting operations and procedures, and identifying areas that need improvement.
  • We will work with you to develop an implementation project plan that will help you understand the changes and how they can enhance visibility into your financials.
  • We will seamlessly transition your outdated financial systems to your new cutting-edge platform.
  • We can also train your staff to manage and operate your new accounting software solution.

If you’re looking for a turnkey solution, our AccountingIQ Team can take on your entire operation, creating custom interfaces between software packages and providing accurate and timely custom reports and analyses. And if you need to integrate your current accounting software with new packages or tailor it in other ways, we’ll provide individualized customization services targeted to your company’s needs.

The A Team views flexibility as one of the keys to a successful engagement. We take guidance from you, making recommendations along the way to help streamline your processes and simplify your financial operations.

CASE STUDIES

Client Success Stories

Growth and Operational Complexity

An innovative, wellness-focused Client turned to AccountingIQ for a scalable solution to handle their future growth and operational complexity. Their existing QuickBooks Online setup did not have the robust features and automation necessary for their multi-entity business structure, leaving them with manual processes and inefficiencies.

AccountingIQ migrated the Client to Sage Intacct, a sophisticated accounting solution, enabling them to streamline intercompany transactions and leverage advanced reporting capabilities. By building intercompany relationships within Sage Intacct, the system intelligently aligned transactions across the multiple LLCs, eliminating cumbersome manual reconciliation. With added metadata fields, the Client also gained powerful insights and tracking tools, positioning them for long-term scalability. As a certified Sage Intacct Accounting Partner (SIAP), The A Team not only was able to provide the software at a significantly reduced cost to the Client, but also was able to provide the Client with accounting expertise post-implementation so that the Client was supported on its new software.

To further enhance efficiency, The A Team implemented Bill.com for accounts payable management, Concur for receipt tracking and expense reporting, and use Insperity to  integrate payroll with the general ledger. This approach reduced manual tasks and established best practices for the Client going forward.

By aligning the Client’s needs with cutting-edge software, AccountingIQ delivered a custom, scalable solution that will support the Client’s future growth.

Distribution Challenges

Another one of AccountingIQ’s Clients, a music publishing company, faced challenges with their distribution process. Their main vendor relied heavily on data pulled from QuickBooks Desktop to fulfill orders from the warehouse, but the process was inefficient and incompatible with their growing needs. To modernize their operations, the Client turned to the AccountingIQ practice for a tailored solution that would streamline logistics and align with their unique workflow.

AccountingIQ migrated the Client from QuickBooks Desktop to QuickBooks Online, incorporating a custom integration to exchange data seamlessly with their distributor. They collaborated with the software development team at the distribution company to help build an application that met the Client’s specifications and found workarounds that would fit into the existing workflow. AccountingIQ not only helped design an application that aligned with the Client’s operational requirements, but also trained the staff on the new systems.

The project required exceptional communication and creative problem-solving. The AccountingIQ practice overcame non-intuitive challenges by devising innovative workarounds tailored to the Client’s needs.

Meet The A Team:

AccountingIQ Practice Leadership

Headshot of Scott Cipu. The A Team's Fractional CFO and Director of Technology Services

Scott Cipu

Director
Fractional CFO
Headshot of Jeff Thomasson, The A Team's Senior Controller

 Jeff Thommason

Senior Controller
Headshot of Kevin Tseng, the A Team's Director of the Not-For Profit Practice, and Controller

Kevin Tseng

Controller
Picture of Duana Hutchinson, The A Team's Controller

Duana Hutchinson

Controller

Ready to explore the many benefits of using the right accounting software solutions?

Contact AccountingIQ today to discuss how we can help you streamline processes, save money, and boost your business intelligence.

Let’s grow smarter – TOGETHER.