Financial Services & Institutions

Key Takeaways

• Accounting services for financial institutions, purpose‑built for banks and credit unions, delivered as white‑label support under your brand.
• Alignment with COSO, SOX 404, FDICIA, CECL, NCUA, and BSA AML programs, plus IRS compliance, GAAP, cash basis accounting, and SOC 2 certified processes.
• Coordination with external auditors to share control mapping and testing evidence, which reduces duplicate testing and speeds closeout.
• AMI and Premium AIS reporting integrated into reconciliations, liquidity checks, and confirmation workflows for near real time oversight.
• Practical coverage for Daily Statement of Account, Statement of Service Charges, Daylight Overdraft reporting, and electronic audit confirmations.
• Typical community bank internal audit cycles complete in about 4 to 6 weeks, with cleaner findings and less back‑and‑forth.

Our goal is simple, give you clean, defensible workpapers that pass scrutiny the first time, so you can focus on higher value client advisory.

Why Accountably for Financial Institutions

You serve a highly regulated sector, so you need a partner that respects evidence, controls, and timing. Accountably’s offshore professionals integrate with your team and follow your playbooks, or we bring ours if you prefer. We work inside your secure stack, produce audit‑ready documentation, and keep deliverables consistent across engagements, even in peak season. The outcome is capacity you can trust, plus the control alignment that banks and credit unions expect.

Who We Support

• CPA firms and EAs that manage bank and credit union audits, reviews, or tax compliance.
• Accounting practices that handle bookkeeping, reconciliations, and back‑office reporting for financial institutions and fintech partnerships.
• Firm leaders who need to scale without sacrificing quality, security, or client experience.

Compliance You Can Point To

From day one, we align to your governance model and document how we work.

• COSO internal control framework, SOX 404 control testing support, FDICIA and NCUA reporting alignment.
• IRS compliance, GAAP bookkeeping, and cash basis reporting where applicable for specific entities.
• SOC 2 certified processes and documented access controls for every role.
• BSA AML, IT and cybersecurity review support, and CECL data preparation that fits your models.

What You Can Expect

You get a reliable extension of your team. We start with a short discovery, secure access setup, and a pilot. Once you approve the workpapers and output format, we scale to steady state, complete with status cadences and clear SLAs. Evidence binds to control IDs, tick marks are consistent, and PBC lists stay current. When external auditors arrive, you already have the tie‑outs, samples, and screenshots ready.

Primary Services at a Glance

• White‑label offshore staffing and back‑office production that works under your firm’s brand.
• Federal, state, and multi‑state tax returns, including 1040, 1065, 1120, 1120‑S, 1041, and 990.
• Property tax and payroll tax filings, plus quarter‑end and year‑end support.
• GL reconciliations, bank recs, fixed assets, and month‑end close support.
• Audit‑ready workpapers that your reviewers and external auditors can follow without extra calls.
• Bookkeeping under GAAP and cash basis accounting, depending on your client’s requirements.

You keep client ownership and strategy, we handle the repeatable production work with the control discipline your FI clients demand.

Financial Institution Capabilities, Built Into Your Workflow

Our team is trained on the workflows that actually move the needle inside banks and credit unions. We plug into your audit programs, your tax stack, and your project plans, then we deliver with consistency.

Internal Audit and Control Testing, SOX 404 and FDICIA

• Coordinate risk assessments, process narratives, RCMs, and test plans with your internal audit leaders.
• Perform walkthroughs, sample selections, and control testing with clear evidence, screenshots, and tie‑outs to control IDs.
• Shareable artifacts for external audit to reduce duplication and shorten reviews.
• Practical focus on priority areas, for example deposit operations, lending, wire and ACH, ITGCs, and change management.

BSA AML, Cybersecurity, and IT Risk Support

• KYC file reviews, sanctions screening evidence, and exception follow‑ups with audit trails.
• User access recertifications, change ticket sampling, and backup restore evidence packaged for auditors.
• Issue tracking with owner, due date, and validation steps so items close without surprises.

AMI and Premium AIS Reporting, Without the Rework

We help you turn Federal Reserve data into clean reconciliations and clear audit evidence.

• AMI provides near real time visibility for balances and postings, seven days a week, which improves same‑day exception handling.
• Premium AIS extends data delivery and file options, which helps automate ingestion to the GL and liquidity dashboards.
• Our workbooks and scripts can prepare daily variance views, tie activity to the GL, and flag exceptions for follow‑up.

Fast access to AMI and Premium AIS reduces manual hunting, increases control coverage, and gives you a defensible story when questions come up.

Daily Statement of Account and Service Charges

• Use the Daily Statement of Account for transaction‑level postings across your Federal Reserve Bank account, including Secondary RTNs and respondents.
• Investigate exceptions with AMI drill‑downs and download files that match your reconciliation format.
• The Statement of Service Charges helps you attribute fees to activity, check for anomalies, and align monthly charges with daily postings.

Daylight Overdraft Reporting and Audit Confirmations

• Daylight Overdraft Reports, accessed through AMI or Premium AIS, give you granular details on intraday overdrafts and monitoring.
• Electronic Audit Confirmation Requests cover account balances, capital stock, Treasury Services, Discount Window loans and collateral, and Fedwire Securities holdings.
• We help your clients complete Authorization to Release Information to Accounting Firms forms so confirmations flow without delay.

What We Do, How It Helps, Why It Matters

Tax and Compliance Production, Done the Right Way

• Federal, state, and multi‑state returns, including 1040, 1065, 1120, 1120‑S, 1041, and 990, with schedules assembled to your standards.
• Property tax and payroll tax filings, with calendar tracking so deadlines do not slip.
• Workpapers tagged to source documents, reviewer notes, and version control, so updates are transparent.
• Bookkeeping under GAAP, with cash basis reporting where needed, and reconciliations that stand up in audit.

You decide the templates and review thresholds. We make sure every file meets your bar before it hits your desk.

Sector Coverage, Banks and Credit Unions

We tailor the same disciplined approach to different operating models, so your team can move faster with confidence.

Banks

• Loan reviews, credit quality assessments, and CECL data preparation aligned to your models.
• FDICIA reporting support and SOX control testing that fits your internal audit plan.
• ACH, cash management, and wire process testing with clear sampling and exception tracking.
• Daily Statement of Account, AMI, and Premium AIS support included in close and liquidity routines.

Credit Unions

• Member share accounting, net worth ratio monitoring, and NCUA call report support.
• Risk‑focused internal audit programs that mirror COSO and supervisory expectations.
• Cybersecurity and BSA AML reviews packaged for fast validation by external parties.

Engagement Model and Security

You need capacity, not risk. We treat security as the foundation of every engagement.

• SOC 2 certified processes, role‑based access, and least‑privilege principles.
• Documented SOPs, maker‑checker reviews, and peer QA for sensitive steps.
• Work inside your tech stack with VPN or VDI, plus activity logs you can review.
• Clear SLAs, daily or weekly status updates, and a single point of contact you can reach.

Our Process

• Discover, scope, and confirm the control and reporting requirements for each client.
• Set up secure access, templates, and naming conventions, then run a small pilot.
• Review output together, finalize the playbook, and lock sample sizes and thresholds.
• Scale to steady state with a cadence that keeps reviewers in control and surprises out of the picture.

Typical community bank internal audit cycles complete in about 4 to 6 weeks. Tax and bookkeeping workflows run year‑round with calendar tracking, so filing dates and reviews stay on schedule.

FAQs

What is different about accounting services for financial institutions?

You need evidence that maps to controls, not just clean numbers. We design workpapers, reconciliations, and confirmations that align to COSO, SOX 404, FDICIA, and NCUA expectations, so external auditors and regulators can follow the story without extra calls.

Do you support AMI and Premium AIS data?

Yes. We prepare daily files, map them to the GL, and create exception views that speed reconciliation and liquidity checks. Your reviewers get consistent outputs, and your clients get stronger oversight.

Can you help with Daylight Overdraft reporting and audit confirmations?

Yes. We package Daylight Overdraft details for review and manage electronic audit confirmations, including Authorization to Release Information to Accounting Firms, so confirmations complete on time.

How do you handle security and compliance?

We operate with SOC 2 certified processes and follow least‑privilege access. Our team works under IRS compliance, GAAP standards, and cash basis accounting where required, with evidence you can hand to any auditor.

What tax and bookkeeping support do you provide?

We produce federal, state, and multi‑state returns, including 1040, 1065, 1120, 1120‑S, 1041, and 990, along with property tax, payroll tax, reconciliations, fixed assets, and close support. All files are reviewer‑ready and consistent with your templates.

Ready to Move Faster With Confidence

If you want accounting services for financial institutions that pass scrutiny the first time, we are ready to help. Book a consultation with Accountably’s Financial Institutions team, get a short pilot, and see how clean workpapers, reliable reconciliations, and timely confirmations can free your partners to focus on strategy and client growth.

You own the client relationship and direction. We provide the capacity, control alignment, and day‑to‑day execution that makes everything work.