Finance & Accounting
Driving Accuracy. Fueling Growth.
CogNet’s Finance & Accounting services are designed specifically for the demands of the HR outsourcing industry — including PEOs, ASOs, Payroll Providers, and HR Technology companies. We understand that for HR outsourcing firms, finance isn’t just about clean books — it’s about precision, compliance, and seamless alignment between payroll, benefits, tax, and client billing.
Through our Extended Office as a Service℠ (EOaaS℠) model, we manage the day-to-day financial operations that keep your business and your clients running.
With CogNet managing the day-to-day finance operations, your internal teams can focus on strategic initiatives like cash flow optimization, growth planning, and profitability tracking — while we ensure the numbers behind the business are accurate, timely, and audit-ready.
Expertise Where It Matters
That’s why our Finance & Accounting services are built to connect directly to your payroll and tax processes, ensure client billing accuracy, and provide the financial controls outsourcing firms need to scale confidently.
What We Handle:
- Bank Account Reconciliation
- Payroll Tax System to General Ledger Reconciliation
- Client Billing Support & Accounts Receivable Monitoring
- Accounts Payable Entry & Vendor Payments
- Purchasing & Buyer Support
- Journal Entry Preparation & Input
- Maintaining Ledger Account Master Files
- Trial Balance Creation & Balancing
- Monthly & Quarterly Financial Reporting Packages
- Management Book Preparation
- Expense Report Processing
- Imports/Exports to General Ledger Systems
- New Hire Reporting to State Agencies
- Audit Schedule Preparation
Why It Works for HR Outsourcing Firms:
Payroll systems must be updated as employees join, leave, or change roles. CogNet ensures that:
- Accurate reconciliation between Payroll, Tax, and General Ledger
- Transparent, audit-ready reporting for internal and client-facing needs
- Financial processes designed to support multi-client, multi-state environments
- Cost control and resource efficiency without sacrificing accuracy
- Scalability to support high-volume transactions and growth