Save time and money by outsourcing your small business accounting and bookkeeping services
Streamline processes, ensure checks and balances, and savor constant coverage
As a small-to medium-sized business owner, you are pulled in many directions. When you outsource your small business accounting and bookkeeping services, you gain so much more than the dollars you spend in exchange. You not only save time, but you save money by ensuring you aren’t hit by any non-compliance tax penalties, built-in checks and balances to prevent fraud, and with constant coverage there won’t be any missed payments, so you won’t have late fees, ensure invoices are sent timely for optimal cash flow. Plus, we ensure timely and accurate payroll eliminating delays, errors, or unbalanced accounts which all can cause serious pain to your business. Our accounting for small business group services ensures your operations run smoothly so you don’t have the headaches and hassles.
Some of our monthly small business accounting and bookkeeping services include:
Accounting system processes
From day one with our outsourced accounting services, we’ll review your existing accounting system processes and set them up if necessary with the industry’s best accounting software to ensure streamlined operations. This simplifies time and expense tracking and ensures accurate financial data in real time while also maintaining proper checks and balances for security.
Account reconciliations and analysis
These traditional debit and credit activities include monitoring accounts receivable and payable, following up on late transactions, bank reconciliations, and maintaining the balance sheet, ledgers, and subledgers. With professional tax and accounting experts performing these duties, your business runs more efficiently, and you have peace of mind knowing your company is always compliant with all agencies, saving you from costly non-compliant penalties.
Accounting software training and support
An added benefit to choosing Back Office Advisors as your outsourced small business controller is our accounting software training capability. We provide training on accounting software either in-person or virtually, and also are available to support your staff as they encounter questions so your internal accounting team can be most productive.
Payroll services for small business
Effective payroll processing includes more than paying employees on time. Accuracy means keeping employees happy and taxing agencies satisfied. With our payroll for small business service, we calculate necessary tax withholdings and other deductions and allocate accordingly ensuring you remain compliant. Our payroll service also includes payroll reports outlining human capital management such as overtime payouts, benefit usage, and other details for at-a-glance reporting.
Monthly bookkeeping and accounting
Knowing your real-time financial situation with our monthly bookkeeping and accounting services allows you to make data-driven business decisions. This positions you to be proactive instead of reactive. By employing dual-control capabilities with accounting department outsourcing, proper checks and balances are in place to protect you against fraud.
Month-end close
The importance of month-end close reports is critical to a healthy business. Once we build your budgeting and forecasting reports, the month-end close reports provide insight and help measure KPI (key performance indicators). By monitoring these month-end closing reports, we are able to help you focus on financial goals and make necessary adjustments. These month-end close reports are detailed but easy to read and we’ll provide feedback during the reporting process, so it all makes sense.
Supervision of bookkeeping and accounting staff
With outsourced accounting services from Back Office Advisors, you don’t have to worry about the oversight or supervision of your bookkeeping and accounting staff. Our accounting outsource services help prevent fraud, ensure accurate and efficient accounting practices and procedures, and prevent gaps. We take the hassle out of supervising your bookkeeping and accounting staff.
Financial statement preparation and analysis
Our outsourced accounting and controller service includes preparing monthly financial statements and financial statement analysis. When we perform a financial statement analysis we assess the company’s short- and long-term viability. The financial statement analysis enables us to identify strengths and weaknesses and recommend change accordingly. Examples include liquidity ratios, activity ratios of accounts payable and receivable, sales-to-working capital, profitability ratios, and debt-to-equity ratios, cash flow planning, and more. The primary benefits of financial statement analysis impact investing decisions, lending decisions, and top-level strategic decisions of the business.
Eliminate the hassles and headaches with our online accounting service
Let’s talk about your business
Follow Us
