Outsourced Accounting Department
Saving You Time & Helping You Grow
Managing your finances can be stress and time consuming. Sure you can handle most of it when you're a tiny business. But as you grow in size, your finances grow equally in complexity. It's never a question of IF you need to hire someone to help you manage all these moving pieces...it's WHEN.
Your accounting "ecosystem" is actually comprised of eight different sections. That's why it's so complex and time consuming. Each section has to be working in tandem with the other sectors, otherwise you have financial chaos!
Our goal is to take over each section for you, one by one, so you can focus on managing and growing your business:
Build a solid foundation from which to grow.
Save time and never have to track and pay your bills.
Ensure cash is always flowing into your bank on time.
Manage all aspects of your payroll from A to Z.
Don’t get shut down or incur unnecessary penalties.
Your Accounting Department
Choose our Accounting Department service to save you time and re-focus your attention on the growth and management of your business.
Dedicated Team Of Local Accountants
Focused On Growth & Management
Team Will Grow With You Over Time
Cloud-Based Systems (access any time, any where)
Security Systems To Protect Information
Flexible Pricing Within Your Budget
CFO Services Group Solutions: A Sample Scenario
Acme Association, a 501(c)(3) nonprofit, struggled to make every dollar count. Too small for a full-time bookkeeper, they are required to track expenses across a growing number of government grants and programs, including event and fundraising costs, salary for staff members working on multiple programs, travel expenses and reimbursable expenses, overhead allocations and more.
In addition to complete payroll services, we implemented an outsourced accounting plan to regularly classify each dollar spent or received, provide budgeting and reporting information and prepare quarterly reports required by federal grant programs. We also created and manage an annual budget. The company regained staff time to focus on their mission and peace of mind that their financials are handled accurately and on time.
Joe Smith owns several businesses, including a restaurant, a retail store, several investment real estate properties, and a consulting firm. Technology made it easy for him to dive into several lines of business, but he had no system for tracking income or expenses. When we talked, he was not even sure which segment was draining his profits.
Our managerial accountants sorted through hundreds of transactions and assigned each to separate business “buckets.” Now we provide a monthly, easy-to-read report that clearly shows winners and losers. Based on these actual numbers, we discuss ways to make winners more profitable and explore reasons why losers are not performing. In at least one case, incorrect pricing was to blame and the newly organized books provided data that allowed our entrepreneur to make adjustments for a decent margin. Later, when Mr. Smith sought funding to grow one segment, our designated CFO presented his financials to stakeholders on the company’s behalf. His businesses are back on track with clear accounting processes and expert advice just a phone call away.
Startup C Company had hired other accountants in the past, but remained frustrated and stressed over recording and chasing reimbursable expenses. Like many consultants, C was spending lots of money on behalf of clients and needed a reliable tracking and invoicing system. Most importantly, they needed to know when they were or were not paid.
We established and implemented an organized, dependable financial system for the company, ensuring that invoices are sent and paid on-time. Unlike C’s previous accountants, we are a dedicated, U.S.-based team flexible enough to deliver exactly the services they needed. Better control over receivables and our regular reports on outstanding invoices provide the details this growing company needs to remain financially healthy. Our regular tracking and invoicing eliminated the aggravation that was getting in the way of good business.