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What is Outsourced Accounting or Bookkeeping?

Outsourced accounting is a service which provides a full, accounting department experience for small businesses. An accounting department handles the day-to-day transaction coding, accounts payable, accounts receivable, payroll, management financial reporting and many other services. 

Outsourced accounting providers have a full compliment of accounting professionals allowing them to offer a small team of accountants at a lower cost to hiring.

 
 
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Accounting Is Just The Start

We can process your transactions daily, just like an internal accounting department. Our expert accountants can handle the following accounting functions:

  • Real-time transaction processing

  • Sales invoicing

  • Vendor bill payment

  • Payroll processing

  • Management reporting

  • Budgeting, forecasting, KPI trending

We're an extended part of your team keeping a constant eye on your accounting, giving you peace-of-mind and helping you achieve your business goals. 

UNDERSTAND YOUR NUMBERS

We do more than process transactions for you. We help you understand the numbers driving your business.

We do this by:

  • Having a monthly or quarterly consultation with you to go through your numbers.

  • Helping you understand the balance sheet and profit and loss statements.

  • Review the Accounting Intelligence Dashboard (optional for each plan) with you to define and measure business goals.

Benefits of Outsourced Accounting

Many companies outsource a business process. You may already outsource your payroll process, so you’re familiar with some of the general benefits of outsourcing. Outsourced accounting has similar benefits as well as many others:

FREEDOM

Free your time to work on your business while we handle the accounting for you through the use of a secured cloud-based accounting software. This enables you can have access to your accounting records from anywhere in the world and at anytime. 

REAL-TIME INFORMATION

Your accounting is processed as it comes in. You work with us on what you want to do next. We are able to work on the same data at the same time ensuring it is currently and live. This puts actionable, current data at your finger tips.

ELIMINATE HIRING COSTS

It’s expensive to hire, train, and maintain an accounting department. Outsourcing the accounting function eliminates hiring and training costs.

ENHANCE BUSINESS CONTINUITY

Valuable knowledge walks out the door when a key accounting personnel leaves your company. The risk of knowledge loss and enhance business continuity with outsourced accounting.

SECURITY

Your accounting data is stored on secured servers in the cloud protecting against physical data loss, and to enhance business continuity and disaster recovery.