Accounting & Financial Operations

Palma Settimi Inc. delivers comprehensive accounting and financial operations services tailored to the needs of retail and wholesale businesses. Our team manages core accounting functions while maintaining close alignment with ownership, finance leadership, and external advisors.

Our work includes bank reconciliations, general ledger maintenance, and the accurate posting of accruals, prepaids, unearned revenue, and inventory-related journal entries. We support cost of goods sold analysis, inventory valuation, and year-end inventory guidance, including write-down considerations when appropriate.

We prepare and deliver monthly financial statements including balance sheets, income statements, trial balances, and detailed general ledgers within defined reporting timelines. These reports are supported by ongoing review and variance analysis to ensure accuracy and usability.

Cash flow oversight is a critical component of our work. We assist with cash monitoring, projections, and weekly cash management processes, ensuring vendors are paid accurately and on schedule while maintaining appropriate liquidity.

We also coordinate payroll processing, human resources administration support, benefits renewals, workers compensation audits, and employee onboarding and offboarding. Our team acts as a liaison between clients, PEOs, insurers, and employees to ensure continuity and compliance.

Additional support includes sales tax coordination, business license renewals, fixed asset tracking, depreciation schedules, and direct collaboration with tax preparers and auditors.