Bankers’ Referrals
Bankers are key partners addressing the credit and financial capitol needs of your business. Collaboration of a businesses banker and CPA is a major asset for any business owner; assisting the business owner by guiding them toward beneficial alternatives. When a CPA is reviewing a client’s file and realizes the need of financing alternatives,they can then assist their client by recommending potential financing options and directing the client back to the banker for available options. The client, the banker and the CPA are benefited by this working relationship.
Banking Industry Accounting Services
- Production of Financial Statements, for subsidiary companies in accordance with IFRS
- Accurate and timely preparation and reporting for senior management
- Liaise with parties such as external/internal auditors
- Attend day to day routine accounting and operational issues with the business team
- Monthly balance sheet and P&L of subsidiaries for internal reporting
- Finalizing of statutory reporting and external audit
- Daily extraction, production and analysis of financial data relating to Islamic banking and reporting of unusual balances
- Ensuring journal entries are passed in a timely manner to reflect accurate reporting
- Running daily reports from the system and reconciling this to the GL
CPAs are license professional tasked with understand the current tax code and directing their clients’ tax strategy to reduce expenses, drive revenues and maximize profits. CPAs do not give financial advice like those in banking. A Sarasota CPA should understand the tax liability of available financing options in order to direct the client how to inquire of their banking professional. There is a fine line Laura Keitel observes daily in her working relationships with bankers.
If your account or CPA has not spoken to potential financing alternatives that would affect positive change to your company’s taxes, contact Laura Keitel today to begin a path to increased profitability.
