You’ve Got Questions,We’ve Got Answers!
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Yes we do! NetDeposited operates as a fully outsourced accounting department, offering real-time bookkeeping services that provide you with a full year of audit ready books, working with a variety of industries.
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Our team specializes in GAAP accounting, with years of complex balance sheet accounting knowledge. We can do anything from multi-entity intercompany clearing to tying out multi-state sales tax into one line on the balance sheet to multicurrency support.
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In a climate where AI can be used improperly, the team at NetDeposited trains other accounting professionals on the correct automation tools and workflows to enhance AI’s effectiveness when helpful, and when to use hard-earned skill.
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Absolutely we can! NetDeposited is a cloud-based accounting service that caters to the entire US, with no geographical limit. We specialize in nationwide sales tax, supporting sellers with multi-state economic and physical nexus.
Whether you're in Los Angeles, Detroit, or any other city, we can serve your business needs.
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Yes. We can support cash basis accounting if it meets your business needs. However, we primarily work with accrual basis accounting because it provides a more accurate view of financial performance, particularly for inventory-based businesses. Accrual accounting ensures proper Cost of Goods Sold (COGS) recognition by matching inventory costs to the revenue they generate, resulting in more reliable profitability reporting and business insights.
We'll help determine the best method based on your business and reporting requirements.
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We work with a wide range of accounting, ecommerce, and business management software to help streamline your operations. This includes general ledger platforms like QuickBooks Online and ECI/Spruce, ecommerce platforms such as Shopify, Amazon, and WooCommerce, as well as payment processors like Stripe, PayPal, and Square. We also support inventory management systems including Cin7 Core and Katana, automation tools like A2X and Synder, bill pay solutions such as Bill.com and Ramp, and sales tax software including Avalara and TaxJar.
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At NetDeposited we do not use blanket solutions for all. We carefully analyze your operations and determine what integrated systems will work best for your desired reporting outcome. We can customize your P&L and are experts at knowing what will work for your needs and more importantly, what will not save you tons of needlessly wasted hours on trial and error.
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We do! At NetDeposited we aren’t just accountants, we are software implementation experts. One of the things we are passionate about to our core is when and where to use AI. This is a new and exciting industry that as of now, is still unknown and developing and because of that we prioritize security to the utmost of importance. We use tools to automate the data entry, but we still use our skills as accountants to verify everything. We reconcile ALL clearing accounts to ensure everything is accurate and ties out to source systems. Sales tax in one system calculating slightly differently than the other? Not to worry, we reconcile systems to find ANY difference and prove the balance sheet. We can then take that data and create AI based intelligence and insights in OUR secure AI reporting tool for our clients in a way that is tailored for them.
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Yes we can and we love doing that! Many of our clients prefer to manage some things, and we come in at month and do the “heavy lifting”.
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Absolutely! We work with businesses across a variety of industries such as insurance, financial services, technology and SaaS, health and wellness, manufacturing, and more!
Our team provides comprehensive services tailored to the unique needs of each business. Whether you sell products, provide services, or operate in a highly specialized industry, we're equipped to serve as your trusted financial partner and help support your growth.