US Tax Filing for Manufacturing/US Retail businesses/Companies|US Bookkeeping for Manufacturing.

Outsourced CFO Services

This is a service that 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.

At the very least, we offer a preparer and reviewer for the client, but the accountants we assign to the client have access to our range of qualified, competent professionals who they defer to for questions and analysis. This allows the client to afford accountants at a lower cost, with access to expertise that typically comes at a higher cost.

Reasons to engage with an outsourced accounting firm:

1. General accounting/general ledger:

A majority of businesses use outsourced accounting services for general accounting, including the general ledger. Maintaining general ledger accurately and in a timely manner has a number of benefits, including spotting and preventing fraud, and making tax filing easier. When these functions are outsourced to a competent firm, it creates a system that makes fraud less likely.

2. Manage Accounts Payable and Receivable in a timely and accurate manner:

Managing Accounts Payable involves having accurate cash flow statements, so the owners will know the money in the account to pay the bills.

It’s difficult to keep Accounts Payable up to date if your Accounts Receivable runs behind. This can put your business in a tight financial spot, especially if you and your executive team strive for a real-time business model.

3. End-to-End accounting solutions and business process integration”

The owners of the business will always want their accounting software to integrate with other business productivity apps, for added convenience and capabilities on-the-go. In today’s integrated business world, business owners wants one company who can provide and manage it all under one umbrella.

4. Accounting consulting services and financial controllership:

Having a virtual bookkeeper (the accounting team to whom these functions are outsourced) concerned with the basic hygiene of accounting allows a financial controller to look into analysis and the higher-level picture. In other words, if the basics (such as timely and accurate bookkeeping, Accounts Payable, Accounts Receivable, and an up-to-date general ledger) is handled, it allows the financial controller to take accounting to the next level as a business advisor. Some areas that we can handle include GAAP compliance, business continuity, financial forecasting or consulting that relates to business processes and operations.