Meru Accounting

Experience Hassle-Free

Accountz

Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements or Tax returns for Business Owners
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Hire Remote Team

Bookkeeping for Event Management
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Business Tax return filing by Certified
CPA / Enrolled Agent (Starts at $350)

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QuickBooks And Xero Certified Experts

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50% Reduction In Costs

Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements or Tax returns for Business owners

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Quality Driven
Approach

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QuickBooks and Xero Certified Experts

WEB BANNER 000

50% Reduction in
Costs

Part Time/Full Time Resources For

⚪ CPA Firms
⚪ Enrolled Agents 
⚪ Bookkeeping Firms
⚪ Tax Practitioners

Hire Remote Team​

Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Business owners

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Quality Driven Approach

WEB BANNER 011 1

QuickBooks and Xero Certified Experts

WEB BANNER 000

50% Reduction in Costs

Part Time / Full Time
Roles For

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9+

Years Of Success

600+

Happy Clients

1,100+

Completed Project

250k+

Hours Of Experience

20+

Software Used

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Bookkeeping software expertise

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Bookkeeping software expertise

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End to End Remote Bookkeeping & Accounting services for Business Owners & Accounting firms

Meru Accounting is a CPA firm providing complete outsource bookkeeping and accounting solutions to CPAs and small & medium-sized businesses across the United States, United Kingdom, Australia, New Zealand, Hongkong, Canada, and European countries.

bookkeeping services
Bookkeeping Service

Regular Management Accounts for your Business, We serve bookkeeping services for different industries.

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Setup Xero/Quickbooks

Set up your accounting software in a day through our checklist, for converting a client from your legacy software to Xero.

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Bookkeeping for CPAs

We help CPAs to reduce 50 % of their cost by outsourcing recurring tasks to us, with trust and security.

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Payroll

We do Payroll for all countries in all software and comply with all tax formalities of the IRS, HMRC, ATO, etc.

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Payable Accounting

Manage your Payables on daily basis, cost-effectively with reduced invoice discrepancies and disputes.

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Indirect Tax

We do BAS, VAT, GST101A, Sales Tax, etc. reduce attribution errors and costs, and ensure indirect taxes are handled correctly.

Automating Business Operations with Accountz

Accountz stands out as a remarkable accounting software that caters to the evolving needs of businesses in a digital age. Its core strength lies in its ability to offer a seamless and intuitive user experience. Accountz software understands that financial management is not merely about number crunching but also about providing businesses with a clear picture of their financial health. It excels in this by offering a wide array of features, from creating detailed financial reports to facilitating efficient expense tracking, all designed to empower businesses to make informed decisions and achieve financial success. Accountz is designed to be adaptable, offering a valuable tool for both small startups seeking simplicity and large corporations demanding a comprehensive suite of financial features.

The significance of Accountz becomes even more pronounced when considering its commitment to automation. Automation is at the heart of its functionality, reducing manual work and the potential for human error. With robust features for budgeting, forecasting, and managing financial data, Accountz provides a holistic solution that empowers businesses to take control of their finances. As the business landscape continues to evolve, Accountz remains at the forefront of financial management, simplifying the complexities of accounting, and allowing businesses to focus on growth and innovation while ensuring financial stability.

Features of Accountz

Accountz software offers a wide range of features designed to streamline financial management and provide businesses with the tools they need to effectively track, analyze, and manage their finances. Some of the key features of Accountz software include:

Benefits of using Accountz Software

Using Accountz Software can offer several benefits to your business:

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Data Security:

  • Security is a priority, and Accountz incorporates robust security measures to protect sensitive financial data. User access controls and encryption help safeguard information from unauthorized access.
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Customer and Supplier Management:

  • Users can maintain detailed records of customers and suppliers, making it easy to track interactions, outstanding payments, and purchase history.
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Integration Capabilities:

  • Accountz offers integration with various other software solutions, including accounting, CRM, and productivity tools. This ensures that financial data can be seamlessly shared across different systems.
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Multi-User Support:

  • Accountz allows multiple users to access the software simultaneously. This feature is particularly beneficial for businesses with collaborative accounting needs.
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Data Backup and Recovery:

  • The software includes data backup and recovery options to prevent data loss in case of system failures or other unforeseen events.
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Mobile Access:

  • Accountz provides mobile access through compatible apps, allowing users to manage their finances on the go using smartphones or tablets.
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Customer Support:

  • Accountz offers customer support services to assist users with any software-related queries or issues. This support ensures that users can effectively use the software and address challenges promptly.

How does Meru Accounting specialize in Accountz software?

Meru Accounting’s specialization in using Accountz results in a holistic financial management solution that empowers businesses with the tools, expertise, and support required for efficient financial operations, compliance, and strategic growth. We ensure that businesses have the financial services they need to navigate the complexities of the modern financial landscape effectively.

Core Aspects of Accountz Software

Conclusion

In conclusion, Accountz software stands as a versatile and user-friendly solution for businesses seeking efficient financial management. With a range of powerful features, including double-entry accounting, multi-currency support, bank reconciliation, invoicing, and expense management, it caters to businesses of all sizes. Accountz provides valuable tools for budgeting, tax management, inventory control, and comprehensive financial reporting. Its integration capabilities enable seamless data sharing with other software solutions, enhancing overall operational efficiency. The software prioritizes data security, ensuring that sensitive financial information is safeguarded.

Meru Accounting offers businesses a comprehensive and synchronized approach to financial management. Our expertise in Accountz’s feature-rich platform helps us provide comprehensive accounting and bookkeeping services. Our services allow businesses to have the tools and insights needed to maintain accurate financial records, make informed decisions, and adhere to regulatory requirements. Contact Meru Accounting and achieve financial proficiency in your business with Accountz software.

What Our Clients Say

Accounting for Construction Industry

Accounting for the construction industry is different from that in other industries. A normal industry follows stereotypical accounting methods and they work for them, but when it comes to constructing industry, the scenario is vividly different.

In the construction business, people work at new locations, and work done is quite different in nature, for regular terms. There are different factors that affect cost in the construction business like travel time, packing of tools and equipment, and delivery of materials at the job sites, which are all variable in nature.

In a construction business, the method of accounting counts revenue on the base of the profit estimation and what percentage of the project is completed, this is known as the Percentage of completion method. So overall accounting for construction business is quite complex and unique, also because it has to accurately track all the expenses, costs, and income for all the different job sites.

How does Construction Accounting differ from general accounting?

Categorization of sales: Unlike the regular business, the construction business stands for a wide range of selling products like engineering, coasting, labor, designs, service provided, etc.

Expense calculation: In a typical business, the expenses are mostly pre-decided or can be predicted but in a construction business, this is never the case. Even the categorization of the goods sold is differently Accounted for in Construction Business.

Knowing the break-even point: break-even point can be achieved by the balancing relation of income and expenses, but in the construction business, it’s very complex as there are already too many categories of items that make it hard to comprehend.

How can Meru Accounting help you with that?

We at Meru Accounting have specialization in Accounting for Construction Industry, house flipping business, and turnkey project accounting. We understand the different requirements that a construction business needs.

Xero Addon for Construction Industry: Workflow Max Benefits

  • We can have separate projects in Workflow max.
  • We can have various tasks in that.
  • In each task, we can assign the Cost and Profit.
  • We can assign tasks to each of the team members.
  • It automatically creates invoices in a single click.
  • We can convert the cost of WIP into the Sales Invoice automatically.
  • We can have the Budgeted Cash flow automatically from Xero.
  • It can automatically convert purchase orders to a bill in Xero instead of Duplicate Data entry.
  • We can assign margins in the% form of the cost.
  • We will be able to have Tracking of Profits for individual projects in Workflow Max.
  • You will have all the project’s performance on your Dashboard of Workflow max.

Unique Challenges of Construction Accounting

Accountant faces various challenges in performing accounting procedures. Such challenges arise due to the uniqueness of the industry. Experienced professionals and software such as Xero etc. can assist you in tackling issues the following issues:

Inaccurate Cost Estimates

In the construction business, multiple projects are simultaneously working at one go and are usually for a longer duration which may underestimate the project cost. The project may end up with additional use of material or equipment that increases the project cost, but a big blow is the labor cost. Imagine just a delay of a week or month in your budget or estimated time frame can cost huge in covering the additional labor cost.

Fluctuating overhead estimates

There is an overhead cost that covers a significant portion of the construction project cost. Overhead costs include office costs, space rental, equipment, and labor also. The needs of the construction vary from time to time and from job to job, it may need different things at different time frames, so it becomes difficult to have a vivid picture of the overall overhead cost. An accurate and efficient estimate at place cannot be done without determining the profit of your business.

Cost-recognition problems

A construction company recognizes revenue on the completion of the project, but the expenses are recurring throughout the project. It creates confusion about the profitability of the project and also takes a toll on cash flow if not cautious. For example, if you generate a bill on completion of the project, the stacked expenses throughout the project can decrease your cash reserve and end up with the illusion of profit.

Scope creep

Projects usually in the construction business have last-minute changes. Changes like material availability, site condition, additional equipment, etc. can have serious cost implications in the project and change the original plan. Clients may come up with add-on changes known as scope creep that create problems. 

To tackle such issues, the project manager must coordinate with the accounting team to determine if the additional cost is feasible and does not affect profitability. You can make your client happy but at the same time can control costs also.

We track, manage, report and categorize our client’s costs and expenses which ultimately help our clients to know which project to opt for, which bid can be turnout profitable, how to manage the billing procedures, and how to utilize resources to get the maximum return on investments.

We track our clients’ expenses and cost per property being developed by using class tracking or tracking categories in software like Xero, QuickBooks, etc. We also build a dashboard of different categories so that our clients can also track various expenses and costs from different construction sites. That saves the valuable time of our clients and is very easy for them. We do the bookwork so that our clients can focus on their construction fieldwork without any worries.