Outsourced Accounting Services

Accounting That Saves You Time & Helps You Grow

Managing your business finances can be stressful 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. It might be less expensive and easier to hire outsourced accounting services rather than add to your headcount

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 of accounting for you, one by one, so you can focus on managing and growing your business:

Bookkeeping Foundation

Build a solid foundation from which to grow.

Payables Department

Save time and never have to track and pay your bills.

Receivables Department

Ensure cash is always flowing into your bank on time.

Payroll Department

Manage all aspects of your payroll from A to Z.

Compliance Management

Don’t get shut down or incur unnecessary penalties.

Affordable Outsourced Accounting Services

Choose our Outsourced Accounting Services 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

Outsourced Accounting Services:  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. 

Our Solution:

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 Outsourced Accounting Department Solution:

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.

Our Outsourced Accounting Department Solution:

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.  

  • YouTube

1441 L Street NW, Floor 12
 Washington, DC 20005

©2020 by CFO Services Group

Privacy Policy