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.
We 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
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 Work on your business while we handle your accounting through the use of secured cloud-based accounting software; which enables you to have access to your accounting records from anywhere in the world at any time.
REAL-TIME INFORMATION Your accounting is processed as it comes in. You work with us on what you want to do next. We can work on the same data at the same time, ensuring it is current and up-to-date; which puts actionable and current data at your fingertips.
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.