ACCOUNTING OUTSOURCING
 

In today's competitive marketplace, outsourcing accounting functions can reduce overhead costs, reduce risk of fraud, ensure accurate and timely financial information and allow management to focus on core business activities.

The need for competent accounting personnel exists from the infancy of every business and increases as the business grows and becomes more sophisticated.  Why consider utilizing your CPA as your controller?

• You cannot find and retain knowledgeable accounting staff
• You need more knowledge and insight than your bookkeeper can provide
• You have information that you want kept confidential (payroll, etc.)
• You are too busy handling operations to manage and create growth
• You need to reduce overhead

Although cost cutting is an important factor in deciding to outsource, it is rarely the only reason to outsource.  Many business owners outsource to free time and resources for increased focus on growth with the increased confidence that their financial information will be accurate and timely. Additional benefits of outsourcing accounting services include:

• Reduce the risk of fraud
• Minimize investments in accounting software, computers, etc.
• Confidence in your financial information  

Functions typically outsourced include:

• Payroll processing services (Learn More)
• Accounts payable processing - bill payments

• - Preparation of vendor checks
• - Monitor vendor aging
• - Preparation of 1099's

• Sales and use tax return preparation
• Bank reconciliations
• General ledger maintenance
• Accounts receivable - invoicing and receipts

• - Post invoices and receipts to customer accounts
• - Prepare month-end statements
• - Monitor aging and collections

• Preparation of financial statements
• Process job cost records (contractors)