Accounting for Electronic Gaming & Digital Home Services

Corefino’s Accounting for Electronic Gaming & Digital Home Services is a low-cost, high-return accounting solution replacement to the toxic combination of ‘Big 3’ enterprise resource planning (ERP) installations matched with internal accounting staffs. By replacing the aging on-premise paradigm with a people/place/platform value proposition: outsourced accounting experts, outsourced technology and its Triple-C (Connect-Correct-Comply) Best Practices/ workflow framework, Corefino is a strategic accelerator to mid-market CFO’s and controllers.

The CFO’s Strategic Accelerator

Corefino’s Accounting for Electronic Gaming & Digital Home Services provides CFOs and Controllers with the freedom to focus on their key business objectives rather than the increasing regulatory requirements, new reporting standards and the growing staffing complexities of running a global business. By trusting accounting procedures and practices to Corefino, CFO’s have more time to concentrate on strategic initiatives and growing their businesses, versus ongoing staff training and technology upgrade needs.

Within the electronic gaming and digital home services realm, Corefino provides the following services:

• Expert insight and best practices for revenue recognition
• Accounting for online subscription revenue
• Accounting for online advertising revenue and online advertising costs
• Accounting for product and software development costs
• Accounting for complex content licensing and royalty arrangements
• Processing of online micro-payment and virtual currency transactions
• Inventory management
• Accounts payable and receivables tailored to electronic gaming and digital home services
• General Ledger tailored for electronic gaming and digital home services

A Best Practices/Workflow Framework

Offering a unique combination of software-as-a-service (SaaS), business process outsourcing (BPO) and a custom-built technology portal, Corefino clients immediately benefit from the integration of our Best Practices/ Workflow framework which includes the following capabilities:

• Comprehensive GAAP-based Accounting

  Corefino adheres to GAAP accounting frameworks, financial statement conventions, and accounting law across all areas of accounting.

• Expense accounting

  Includes payable processing, payroll processing, credit card reconciliation, expense reimbursement, and 1099s.

• Revenue accounting

  Corefino provides invoicing, commissions processing, and revenue recognition.

• Balance Sheet Accounting

  Corefino provides bank reconciliations, general ledger, account analysis, cash flow and flash reports.

• Cash Accounting

  Corefino processes all cash receipts and disbursements, and prepares weekly cash status reports and monthly bank reconciliations.

• Reporting Services

  As a client, you will receive monthly, quarterly and annual financial statements, including Balance Sheet, Statement of Cash Flow, Profit and Loss from Operations, Expense summary, Actual vs. Budget analysis, month-over-month variance, equity capitalization and stock option accounting.

• Internal Control

  Corefino will establish and document accounting best practices for your accounting processes, as well as recommend internal controls for company-wide processes.

• Finance Services

  Corefino provides a review of all financial contracts, as well as assembles and delivers A/R data for collection efforts and monthly cash receipts processing.

• Diligence, Audit and Tax Services

  Corefino will prepare and deliver accounting documents as required for diligence requests, external audits, and for assisting with your annual tax preparation.

• Your Guarantee

  Corefino guarantees that you will always be ready to address any financial or business event

For details about Corefino’s Electronic Gaming & Digital Home Services, contact us directly by phone at +1.650.762.5621 or by email at