What We Serve...

At CrossBow Accountants, we specialize in providing top-notch accounting and tax outsourcing & offshoring services to US-based CPAs and EAs, and small accountants. Our team of highly experienced professionals is dedicated to delivering accurate and timely results, allowing our clients to focus on growing their businesses. We are uniquely positioned to offer cost-effective solutions without compromising on quality.

Our firm typically follows a few key steps to provide their services. First, they will gather financial data from their client, including transaction histories, receipts, and invoices. This information is then entered into accounting software and organized into financial statements, such as balance sheets and income statements. Once the data has been organized, the firm's accountants will review the statements to ensure accuracy and identify any discrepancies or issues. They may also provide recommendations for improving financial performance. The firm will then provide their client with these financial statements, along with any accompanying reports or analysis. Communication and collaboration with the client are crucial throughout the process to ensure that the outsourcing firm is meeting their needs and providing accurate and timely financial information.

Bookkeeping

Tax Preparation and Review

The first step is to gather all necessary financial data and documents from the clients over a secured documents sharing software. This includes income statements, receipts, and any other relevant information. The next step is to analyze the data and determine what deductions or credits the client is eligible for. Once this is done, the firm must prepare the tax returns accurately and in a timely manner. It is important to stay up-to-date with changes in tax regulations and laws to ensure compliance. Finally, the our tax reviewer will review the tax returns prepared by the preparer for accuracy and completeness, then we are sending the tax return the client for final review to ensure accuracy and address any questions or concerns and filing. Outsourcing tax preparation can save your business time and money while ensuring that your tax returns are accurate and compliant with tax laws and regulations.

Accounts Payable & Receivable

Accounts payable and receivable are crucial steps in managing a company's finances. Accounts payable refers to the money that a business owes to its suppliers, vendors, and other creditors for goods and services received. The steps involved in accounts payable include verifying invoices to ensure accuracy, tracking due dates for payments, and processing payments in a timely manner. On the other hand, accounts receivable refers to the money owed to a company by its customers or clients for goods or services rendered. Steps involved in accounts receivable include setting up invoices and sending them to customers, tracking the due dates of payments, and following up with customers who have not paid on time. Managing accounts payable and receivable effectively can help a business maintain good relationships with its vendors and clients, improve cash flow, and ensure financial stability.

Payroll Processing

Our firm provides payroll processing services to clients. With our expertise in managing payroll, clients can rest assured that their employees will be paid accurately and on-time. Our services include handling payroll taxes, direct deposit, and employee benefits. We understand the importance of confidentiality and security when it comes to sensitive financial information. Therefore, we use the latest technology and strict protocols to ensure that data is secure and protected at all times. Our goal is to provide efficient and reliable payroll processing services, freeing up our clients to focus on their core business activities. Choose us to simplify your payroll management and help your business thrive. Overall, outsourcing payroll processing can be a smart choice for firms looking to streamline their operations and focus on their core business activities.

Software We Use