Accruals & Prepaids

Accounting experts at Assivo can handle the proper tracking, recording, and adjusting of accrued and prepaid expenses. This frees up your finance team to focus on higher-level tasks while we ensure your financial statements accurately reflect your financial positioning.  

By partnering with Assivo, you can be confident that your financial records are precise and compliant with accounting standards. We diligently manage accrued expenses, making sure they are recorded as they are incurred, even if payment is pending. This approach aligns with GAAP’s matching principle, meaning expenses are recorded in the same period as the revenues they generated. 

For prepaid expenses, we handle the systematic allocation across the relevant periods, ensuring that these costs are recognized gradually, which helps stabilize your financial outcomes and reflects actual usage.

When you delegate this process to Assivo, your business benefits from enhanced accuracy and compliance in financial reporting. Our service reduces the risk of financial reporting errors, ensuring your records are always up-to-date and reliable. This supports better decision-making and ensures your business remains in good standing with regulatory requirements.