What is Outsourced Accounting and Bookkeeping?
We define Outsourced Accounting & Bookkeeping as having an external accounting department manage your in-house accounting needs.
Consider an accounting company an extension of your team. It provides day-to-day accounting services, including transaction processing, bill payment, sales invoicing, payroll and financial reporting, but with the economy of scale and cost that’s difficult to achieve with internal account departments.
An outsourced accounting company brings the benefits of financial expertise, scalability, and efficiency which helps you streamline your operations. You can focus on growing your business and making data-driven decisions while your outsourced team handles your every accounting need.
Outsourcing does not mean offshoring. It means any solution that is not employed by your company. The most cost-effective solutions offering the most value are often a combination of onshore and offshore.
Benefits of Outsourced Accounting & Bookkeeping
INDUSTRY-SPECIFIC OUTSOURCED ACCOUNTING KNOWLEDGE
Our skilled professionals specialize in ecommerce, professional services, software and tech-based businesses. We grasp these industries' unique financial needs and intricacies, along with the necessary tools for success.
Our industry-specific knowledge means we provide expert guidance aligned with best practices. Our outsourced accounting services empower you to make informed financial decisions.
Efficient and Streamlined operations
We simplify and automate your accounting processes, leveraging our expertise. Our advanced systems and optimized workflows enable streamlined invoice generation, efficient expense tracking, seamless bank reconciliations, and accurate financial reporting.
By eliminating complexities and reducing manual tasks, we focus on improving your business while ensuring efficiency and minimizing errors.
Reporting You Can Count on
Stay informed in rapidly evolving industries. Our reporting capabilities offer real-time visibility into your financial performance. We provide accurate and timely financial statements, KPIs, cash flow projections, and tailored critical metrics.
This information allows you to make data-driven decisions and swiftly adapt to market changes.
Scale Your Business with Support
Rapidly growing ecommerce and software businesses require scalable accounting systems and workflows. That’s where outsourced bookkeeping and accounting becomes invaluable.
Our accounting solutions are tailored to grow with your business, whether introducing new product lines, expanding your customer base, or venturing into new markets.
Dedicated Business Continuity
Business continuity is our priority. We recognize the vital role of uninterrupted accounting operations in your business's smooth functioning.
We employ a dedicated team approach to guarantee consistent and reliable support, even in unforeseen circumstances. Your team comprises four highly skilled professionals collaborating closely to manage your accounting needs.
Exceptional Value and savings
Reduce expenses on hiring and training an in-house accounting team. Our competitive pricing packages are customized to meet your industry's specific requirements, offering expert financial support that optimizes your budget.
Hiring a part-time, fractional team in-house for role is nearly impossible. Outsourcing prevents over- or under-hiring. Only pay for what you need.
Outsourced Accounting Is Just The Start
Basis 365 provides more than just outsourced bookkeeping and accounting services. We are your partners – an extension of your team. Our outsourced accounting solutions include
Real-time transaction processing
Invoicing your customers
Paying your vendors
Running payroll
Management reporting
Budgeting, forecasting, KPI trending
Our focus is to give you the peace-of-mind needed so you can focus on what you love about your business.
We do more than handle your books. We help you understand the numbers that drive your business.
We do this by:
Monthly or quarterly financial reviews – whichever frequency you prefer.
Oversight into your balance and profit and loss statements.
A dedicated team ready to answer any accounting questions you have.
Our CFO plans can also set, track, and forecast your financial goals.