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At OBG Outsourcing Private Limited, we understand that year-end accounting isn't just about closing the books—it's about ensuring absolute statutory compliance, maximizing tax savings, and giving you a clean slate for the new fiscal year.
Whether you are a growing business, a CPA firm, an EA, or an international bookkeeping practice, our specialized year-end closure support takes the seasonal crunch off your shoulders. Acting as your extended back-office team, we convert raw ledgers, trial balances, and unmatched entries into precise, audit-ready financial statements.
What We Cover: End-to-End Year-End Support
1.1. Deep Reconciliations & Ledger Scrubbing:Eliminating Discrepancies.
Reconcile all bank, credit card, merchant gateway (PayPal, Stripe), and loan statements.
Identify missing receipts, eliminate duplicate entries, and clear un-categorized items.
Perform intercompany reconciliations to align balances across parent and subsidiary entities.
2.2. Year-End Adjusting Entries & Schedules:Matching Principles & Accruals.
Calculate and post year-end accruals for unpaid liabilities, operating expenses, and bonuses.
Calculate prepaid expense schedules and deferred revenue recognitions.
Audit aging Accounts Payable (AP) and Accounts Receivable (AR), writing off uncollectible bad debts.
3.3. Asset & Inventory Adjustments:Valuation Accuracy.
Update fixed asset registers, calculate annual depreciation, and handle equipment additions or disposals.
Conduct year-end inventory valuations, physical-to-book reconciliations, and write-offs for obsolete stock.
4.4. Statutory Financial Statement Preparation:Framework Compliant.
Draft board- and tax-ready Balance Sheets, Income Statements (P&L), and Cash Flow Statements.
Prepare comprehensive notes to accounts and disclosures tailored to GAAP, IFRS, or regional statutory frameworks.
5.5. Audit File Preparation & Tax Readiness:Audit & Tax Support.
Compile an organized Provided-by-Client (PBC) audit binder with complete working paper trails.
Organize tax-ready file packages to ensure tax practitioners capture every allowable business deduction.
Deliverables Summary
| Deliverable | What It Covers | Value Delivered |
|---|---|---|
| Balance Sheet | Complete snapshot of assets, liabilities, and equity. | Proves true entity net worth to banks, investors, and tax authorities. |
| Profit & Loss Statement | Categorized revenues, COGS, and operational expenses. | Verifies exact profitability margins and uncovers hidden cost drivers. |
| Cash Flow Statement | Inflows/outflows across operations, investments, and financing. | Measures liquidity and tracks cash movement across the 12-month period. |
| Audit Working Binder | Supporting schedules, reconciliation proofs, and notes. | Dramatically accelerates external audit turnaround and cuts audit costs. |
Why Partner with OBG Outsourcing?
Software Versatility: Our team works directly within your preferred platform, including QuickBooks (Desktop & Online), Xero, Sage, MYOB, NetSuite, Tally, Zoho Books, and major tax prep tools (Drake, UltraTax, ProSeries).
Scalable Back-Office Overhead: Cut busy-season operational costs by up to 60% compared to hiring temporary local staff.
Multi-Tier Quality Control: Every file passes through a dedicated reviewer and senior accounting manager to guarantee zero error margins before final sign-off.
Overnight Turnaround: Leverage the time zone advantage from our India-based offshore delivery center to keep your accounting operations moving 24/7.
Ready to simplify your year-end closing?
Partner with OBG Outsourcing Private Limited to deliver clean, compliant, and audit-ready accounts on schedule.
Software We Use
