Paro specializes in connecting businesses like yours with elite outsourced accountants and audit experts who can provide the support you need to adopt GAAP and maintain compliance. Our professionals have extensive experience in:
01. Account Reconciliation
Get bookkeeping discrepancies identified and corrected before they escalate. In addition to performing bank account and credit card reconciliations, have an expert manage your receivables, payables, payroll and more to ensure accuracy.
02. Monthly Financial Reporting
Outsource the burden of your month-end close. Get timely, GAAP-compliant balance sheets, income statements and cash flow statements each month, whether you’re a public, private or nonprofit organization.
03. Internal Audits and Assurance
Comply with SOX requirements or prepare for an upcoming external audit with our internal audit services. They include internal control implementation and preemptive audit testing or sampling.
04. GAAP Standards Implementation
Receive expert guidance in navigating complex and ever-evolving GAAP standards, including ASC 606 revenue recognition and ASC 842 lease accounting.
Why Choose Paro Experts
Paro employs a rigorous vetting process to ensure that our network of fractional experts includes nothing but top talent. Our process includes:
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Detailed Application
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Interview
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Skills Assessment
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Background Check
Detailed Application
Only 2% of applicants are accepted, with many coming from Big Four firms and Fortune 500 businesses.
In addition, we don’t pair you with just any
accounting expert. Our AI-powered platform assesses your unique circumstances and matches you with the professional whose experience and skillset best suit your requirements.
Case Study: How Paro Helped Nanophase Technologies Achieve GAAP Compliance
Nanophase Technologies Company (NTC) experienced an explosion in revenue that
tripled its transaction volume within a year after a downsizing.
This created a financial reporting burden that overwhelmed its lean accounting team, leaving NTC’s president and CEO on his own to ensure GAAP compliance.
Though the need was great, it wasn’t enough to justify the expense of a full-time CFO or controller. Instead, NTC engaged one of Paro’s fractional experts, Bradley, who was able to take over:
- Lease accounting and revenue recognition
- Quarterly and annual financial statement creation
- Lease footnote compilation—which alone takes up to 12 hours
His work improved NTC’s ability to prepare for external audits while freeing up its internal accounting team to focus on other critical responsibilities. Now, NTC’s GAAP-compliant accounting processes flow smoothly year-round, and they’re able to stay well ahead of financial reporting deadlines.
Achieve GAAP Compliance
with Paro
Get expert, on-demand support to help adopt and maintain GAAP compliance as your business grows.
