New York Business Advisory & Corporate Services Inc.

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Accounting & Bookkeeping

Accurate, compliant, and investor-ready accounting — wherever you operate

Modern businesses face more than just the task of “keeping books.” They must comply with jurisdiction-specific tax rules, global accounting standards, and investor reporting expectations — all while maintaining day-to-day operational clarity. Errors or gaps in financial reporting can lead to penalties, loss of credibility, or missed funding opportunities. At NYBACS®, we deliver end-to-end accounting and bookkeeping services designed for startups, SMEs, multinationals, and family offices. Whether you are a US company with foreign shareholders or a global entity managing multi-currency operations, we ensure your accounts remain precise, compliant, and growth-ready.

Why Professional Accounting Matters

  • Compliance – Adherence to US GAAP, IFRS, and local standards prevents regulatory risks
  • Transparency – Reliable books build investor and banking confidence
  • Tax Readiness – Clean accounting simplifies direct and indirect tax filings
  • Operational Efficiency – Streamlined payroll, expenses, and vendor management
  • Strategic Insights – Real-time reporting enables informed decision-making

Our Services

1. Cloud-Based Bookkeeping

  • Real-time financial tracking using QuickBooks, Xero, Zoho, and Netsuite
  • Bank feeds, reconciliations, and automated transaction recording
  • Scalable systems that adapt as your business grows

2. GAAP & IFRS Compliance

  • US GAAP for domestic companies and SEC-readiness
  • IFRS for cross-border and multinational entities
  • Conversion and consolidation for global group reporting

3. Payroll & Expense Management

  • Integrated payroll processing across jurisdictions
  • Employee reimbursements and expense tracking
  • Multi-country payroll compliance (US, UK, EU, GCC, Asia)

4. Financial Reporting

  • Balance sheet, P&L, and cash flow statements prepared monthly/quarterly
  • Custom management reports for boards, investors, and lenders
  • Budget vs. actuals tracking for growth planning

5. Budget vs. actuals tracking for growth planning

  • Accounting for USD, EUR, GBP, AED, SGD, and other major currencies
  • Consolidated financials across subsidiaries
  • FX translation and treasury reporting

6. Regulatory Filings Support

  • Sales tax, VAT, and GST compliance reporting
  • Payroll taxes, social contributions, and statutory submissions
  • Liaison with auditors and tax authorities for smooth compliance

Virtual CFO (VCFO) Services — via CFOArena.com

Accounting keeps your books in order, but growth demands financial leadership. That’s why NYBACS® offers Virtual CFO (VCFO) services through our dedicated vertical CFOArena.com. With CFOArena, you gain the benefits of a seasoned CFO — without the cost of a full-time executive. This service is available both as a standalone solution and as an extension of our accounting/bookkeeping services.

Our VCFO practice provides:

  • Strategic financial planning and forecasting
  • Investor reporting and board-level financial presentations
  • Budgeting, variance analysis, and scenario modeling
  • Capital structuring, fundraising support, and M&A readiness
  • Cash flow optimization and treasury management

Our Process

  • Onboarding & Assessment – Review existing books, structure, and reporting needs
  • System Setup – Configure cloud accounting software and reporting frameworks
  • Data Migration – Import historical records and reconcile balances
  • Ongoing Bookkeeping – Monthly entries, reconciliations, and expense tracking
  • Reporting & Compliance – Deliver monthly/quarterly reports and ensure filings
  • Strategic Layer (VCFO) – Advisory-led insights, board reporting, and financial leadership

Why NYBACS®

  • Global + Local Expertise – Review existing books, structure, and reporting needs
  • Industry Experience – Specialized support for tech, aviation, fintech, logistics, and consulting
  • Compliance-First Approach – Audit-ready records, no shortcuts
  • Scalable Systems – From early-stage startups to complex multinationals
  • Dedicated VCFO Vertical – Through CFOArena.com, offering strategic leadership in addition to compliance
  • Strategic Layer (VCFO) – Advisory-led insights, board reporting, and financial leadership

Who We Serve

  • Startups– needing investor-ready financials and VCFO support
  • SMEs – Specialized support for tech, aviation, fintech, logistics, and consulting
  • Multinationals – managing cross-border reporting and consolidations
  • Family Offices – requiring precise, regulator-friendly reporting
  • Growth-Stage & Fundraising Companies – needing strategic VCFO leadership
  • Strategic Layer (VCFO) – Advisory-led insights, board reporting, and financial leadership

Stay Compliant. Stay Investor-Ready. Scale with Strategy.

Accounting is not just about compliance — it is about trust and growth. With NYBACS®, your numbers remain transparent, compliant, and aligned with global standards. And with CFOArena, you gain access to strategic financial leadership to take you from compliance to capital markets. Schedule your Free Accounting or VCFO Consultation today and secure a financial system built for growth.
Schedule a Free Accounting Consultation

Our Services

Case Studies

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A San Francisco–based technology startup was managing its finances in Excel, which led to errors, inconsistent records, and difficulty in producing accurate monthly reports. The lack of structured accounting made it nearly impossible to present clear financial data to investors during fundraising discussions.

NYBACS migrated their books to QuickBooks Online, set up automated bank feeds, and implemented expense tracking policies that reduced manual work. We also created a standard reporting pack — balance sheet, P&L, and cash flow statements — aligned to US GAAP.

Within three months, the startup had investor-ready financial statements and a reliable reporting framework, which allowed them to confidently approach seed-stage investors.
Tech Startup in California
Migrated from Excel to QuickBooks Online, streamlined expense tracking, and delivered investor-ready financials within a quarter.
A Dubai-headquartered trading firm operated across the UAE, Europe, and Asia but maintained siloed accounts in each region. Transactions in multiple currencies (USD, EUR, and AED) made consolidations cumbersome and delayed decision-making. Additionally, VAT filings were often late, exposing the business to penalties.

NYBACS introduced a multi-currency accounting system, standardized chart of accounts across all subsidiaries, and consolidated reporting under a unified framework. Our team also automated VAT compliance and set up a calendar-based reminder system for timely filings.

The result was a seamless financial reporting process, real-time visibility into cash flows, and full VAT compliance — giving the management team confidence to expand operations further.
Dubai-based Trading Firm
Implemented multi-currency accounting and VAT consolidation across three subsidiaries.
A consulting group based in Germany was in talks with U.S. investors but faced a challenge: their books were prepared under IFRS, while investors required U.S. GAAP-compliant financials for due diligence. Without conversion, the deal risked stalling.

NYBACS undertook a full IFRS-to-GAAP conversion, reclassified assets and liabilities, and adjusted revenue recognition policies. We also created reconciliations for key accounts and prepared supporting documentation for audit readiness.

During due diligence, the group’s financials passed review without audit adjustments, reassuring investors and paving the way for a successful investment round.
European Consulting Group
Converted books from IFRS to US GAAP for investor readiness and audit success.
A newly established Singapore-based family office managed assets for high-net-worth individuals but lacked a structured bookkeeping and reporting process. The Monetary Authority of Singapore (MAS) required compliance-ready reporting, and investors demanded quarterly statements.

NYBACS implemented a MAS-compliant reporting framework, managed day-to-day bookkeeping, and set up quarterly reporting packs tailored for investors. Our team also ensured payroll, expenses, and investment income were categorized correctly for both internal and regulatory reporting.

The office achieved clean, timely reporting every quarter, which built confidence among its investor base and ensured smooth MAS compliance.
Singapore Family Office
Provided full-service bookkeeping and MAS-compliant reporting for quarterly investor updates.
A fast-growing SaaS company had strong revenue growth but lacked financial leadership at the C-suite level. The founders needed more than bookkeeping — they required a Virtual CFO to guide financial strategy, investor communications, and fundraising preparation.

Through CFOArena (our VCFO vertical), NYBACS stepped in as their outsourced CFO. We developed board-ready financial packs, built detailed fundraising models, and provided strategic insights on pricing and expense optimization. We also participated in investor calls to present financial metrics with credibility.

The company successfully raised a Series B round, backed by clean financial data and a strong forward-looking financial plan, demonstrating the value of VCFO as a growth enabler.
Growth-Stage SaaS Company (CFOArena VCFO)
Provided strategic financial leadership and helped raise Series B funding.

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About Us
Founded over five years ago, NYBACS® (New York Business Advisory & Corporate Services Inc.) has grown from a company formation provider into a full-service global advisory firm. Through a trusted global network, we deliver tailored solutions in international business advisory, cross-border compliance, tax structuring, entity formation, and mobility. As a US Chamber of Commerce member with an A+ BBB rating, NYBACS® helps businesses stay compliant and expand globally with confidence.
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Copyright © 2025 New York Business Advisory & Corporate Services Inc. All rights reserved. 

NYBACS® is a registered trademark of New York Business Advisory & Corporate Services Inc. (USPTO Serial No. 98898414). NYBACS® is not a licensed CPA firm, statutory auditor, or law firm, and we do not issue audit opinions or provide direct legal representation. Our role is to act as a compliance and coordination advisor, connecting clients with licensed auditors, attorneys, investigators, and service providers to ensure filings, tax, employment, and immigration matters are handled in accordance with jurisdictional requirements. We facilitate services such as company formation, IRS coordination, cross-border tax compliance, EIN facilitation, mobility solutions, fraud investigations, and employment services strictly in collaboration with qualified professionals. All filings, renewals, and legal submissions are completed under applicable laws, with NYBACS® serving as the coordinator to ensure accuracy, efficiency, and compliance. Privacy Notice: NYBACS® does not use cookies or tracking technologies on this website. Any personal data shared with us is handled securely and only for the purpose of delivering our services.

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