Web-based Accounting Services Computerization and technology has revolutionized the accounting field in the past twenty-five years. Web-based developments continue to do so and N. Cheng & Co. has focused energy and resources to stay on technology’s cutting edge. In 1999, N. Cheng & Co. became the first CPA firm in the Northeast to offer the AccuLink System7, enabling clients to harness computer technology to outsource most bookkeeping functions. In 2001, as web-based options have become reliable, faster, and more cost effective, we are now utilizing Intacct, a web-based accounting software. The need.  Many non-profit organizations and small businesses cannot afford the time and costs associated with recruiting, training and retaining sufficient qualified bookkeepers. As a result, they often make critical daily decisions based on dated and incomplete financial information. The solution.   N. Cheng & Co. can solve this problem through our outsourcing services. We work with clients to set up an efficient chart of accounts and cost centers that will be used to produce reports needed for internal management as well as the external reporting requirements. We assist the client in developing a working familiarity the accounting system and train them in coding transactions. Clients scan support for cash deposits, bank statements, invoices, vouchers, and payroll prepared by payroll service into the system. Within 24 hours, we enter all the transactions into the system. The client decides which checks to print, and prints the checks at their office. N. Cheng & Co. Staff prepare monthly bank reconciliation, and financial reports. We meet monthly with our clients to review their financial statements and discuss financial management issues. Advantages of the Intacct system. Since it is a web based system, the client, or anyone with the client’s authorization to access the system, can look at the financial reports and information from anywhere at any time, as long as they have access to the Internet. This system provides the capability to respond instantly. Both N. Cheng & Co. and the client have access to the same documents and we are able to assist in their decision making process. When adjustments are needed on the books, upon completion they appear on the client’s screen and updated reports can be generated immediately. When viewing financial reports on the system, a client can look at the details that make up that number by clicking on the selected number on the screen. They can even view the related invoice or supporting document by clicking on a specific transaction in the general ledger account. Our unique approach to outsourcing combined with our extensive experience with the non profit industry is the equivalent of having our entire firm as your fiscal department.