IFRS or US GAAP, how should your financial statements be presented? A company can maintain its books under either US GAAP or IFRS, depending on the case. At the request of our clients, ORCOM US teams will ensure compliance with current US accounting standards and ethics.

Did you know that in many cases, U.S. companies can keep cash records as opposed to accrual records?

With a team of CPAs and French CPAs, ORCOM US can handle bookkeeping on both French and US GAAP or IFRS software packages.

Accounts receivable subsidiary ledger

• Entering invoices and editing the sales journal
• Entry of bank deposits and reporting to the head office
• Centralization in general accounting of all the above operations

General accounting

• Monthly bank reconciliations
• Monthly or quarterly review of the general ledger and past entries
• Recording of various operations end of month (depreciation, provisions…)
• Edition of a monthly, quarterly or annual balance
• Monthly analysis of all balance sheet accounts
• Issuance of periodic balance sheets and income statements (as required)
• Issuance of annual financial statements (limited review or compilation)
• Parent company consolidation package (French standards, IFRS, UK GAAP, US GAAP)

Accounts payable subsidiary

• Entering invoices and editing the purchase journal
• Entry of payments (checks or transfers)
• Centralization in general accounting of all the above operations

Inventory

• Inventory valuation
• Accounting (French or American method)
• Payroll auxiliary accounting
• Accounting entry of auxiliary payroll journal