Outsourced accounting services delivered for international software company

Challenge

A growing international software company based in Europe wanted to enter the US market, but didn’t want to take time and money to build a financial infrastructure in case their foray into the market failed. 

Solution

Our outsourced accounting team provided full-service back office support for the software company, including accounts receivable, accounts payable, and monthly GAAP financial reporting. We streamlined complex software revenue recognition into an automated process to ensure audit readiness at year end. We also delivered monthly accrued and deferred tax calculations and consolidated financial reporting requirements to meet both US and international reporting requirements.

Outcome

The company’s expansion has experienced continued success. With the help of BerryDunn’s outsourced accountants, the company was able to meet all federal regulations and compliance requirements quickly, enabling them to focus on rapid growth rather than US accounting and tax compliance.