Outsourced Accounting Services
No matter the size, running an accounting/finance department is tough. Businesses are always finding new markets and creative partnerships, while you are left to figure out how to account for it all. New ERP’s, unique arrangements, required audits, and constant requests from the leadership team cut into the already-busy day job of a team with limited resources.
We’ve been there before, and we can help. Let our team provide the resources and expertise that you may need to tackle the many challenges of a company’s accounting and finance. Learn more about our services below, or check out our Zeroed-Insights for past articles on operational accounting matters.
Our Outsourced Accounting Solutions include:
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Closing an accounting period can be challenging, whether it is for a given month, quarter, or year. Any turnover in the team can lead to a lack of experience or knowledge on how to reconcile and support key GL accounts.
Our team can be plugged in to help your close process in a multitude of ways, whether you need someone to manage the close process, to tackle the messy/complex areas, or even to support any task due to the recent departure of a team member. Our past experience can help us to complete any accounting area, and even find opportunities to take less time in future periods.
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Recording transactions and closing the books is just one part of the process; preparing the necessary financial reporting and statements is a task of its own. Whether producing monthly internal statements for management, or a full set of US GAAP financial statements for audits/reviews, the time it takes to prepare these statements can be significant.
With an extensive background in both internal management reporting, as well as audits/reviews, our team understands the requirements and efforts it takes to prepare a full set of financials. By providing simple reports from your accounting system, such as a trial balance or transaction detail, our team can build a full comprehensive set of financial statements that meets the needs of both internal and external stakeholders
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While basic bookkeeping may meet the needs for a smaller company, the complexities of a company’s finance/accounting grow quickly as a business obtains various forms of funding, expands into new markets, or has multiple subsidiaries/divisions. Hiring a Controller can help manage most of these complexities.
With former Controllers in our own team, we understand the power of having someone on your team to help manage the many accounting and finance demands of a business. Through our Controllership Services, we can bring accounting leadership expertise to a growing company, on either an interim or permanent basis. We can also supplement existing Controllers by focusing on certain tasks and responsibilities, to give your people the capacity they need for the many other tasks that they face.
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In recent years, many companies are making the decision to outsource their entire accounting operations to a third-party provider. By having an experienced accounting provider manage your books, you can devote fewer company resources to back-office functions, and often save money in the process.
Our team consists of accountants at all levels, from staff accountants to Director/CAO/CFO levels of expertise. Let us handle all of the accounting and finance needs of your business, often at a fraction of the cost of hiring multiple accounting team members in-house.
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Losing a team member is tough. In the accounting world today, we face a shortage of accountants, and it is often extremely difficult to find a solid candidate with the necessary accountability and high-quality work product that you might expect.
Let us support your team while you search to find the right accounting hire, whether that be at the staff accountant level or up to accounting leadership or a CFO role. Our team can ensure that your business’ accounting team continues to operate at the same level that you expect, whether on an interim or permanent basis.
Meet Your Accounting Team
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John Ikosipentarhos
President/Co-Founder
John Ikosipentarhos is a CPA in Orange County, CA, with 10+ years in public and private accounting. Specializing in corporate accounting and finance, he helps companies leverage new technologies and automate workflows to reduce costs. He has a Bachelor's in Business Administration with an Accounting emphasis from Cal State Fullerton. -
Danielle Lewis
Director
Danielle Lewis is a Nevada-based CPA with 10+ years of experience, specializing in US GAAP and regulatory standards like ASC 980. She holds advanced degrees in accounting and economics from the University of Nevada, Reno.
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Matt Moschetti
Director
Matt Moschetti is a Nevada-based CPA with 10+ years of accounting experience that includes audits, technical accounting advisory, and corporate accounting roles. He holds a Bachelor’s degree in Business Administration with majors in Accounting and Information Systems from the University of Nevada, Reno.
Frequently Asked Questions (FAQ)
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You should consider outsourcing your accounting to an accounting expert sooner rather than later. This is especially true if there is nobody on your current team with accounting or finance experience, or if you find yourself spending more than an hour or two each week doing your bookkeeping.
You and your team should focus on how to best grow the business and provide the most value to your customers. Back-office activities such as accounting should be delegated and outsourced to third-party providers who can efficiently manage these tasks, and often at a lower rate compared to a full-time or part-time hire.
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In many cases, and especially for smaller businesses, it is likely cheaper to outsource accounting to a third-party instead of bringing on a new full-time hire. Outsourced accounting experts can complete accounting tasks and provide accurate reporting, often in far less time than a standard 40-hour work week, and do not require payment of payroll taxes and benefits compared to a full-time employee.
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Outsourced accountants handle everything that you would expect a full-time accounting employee to. This can include all aspects of key functions such as bookkeeping, payroll, customer invoicing, and vendor payments and financial reporting for a small business.
For a larger business and if outsourcing a specific role, the outsourced accountant will perform the duties that are normally expected for that role. This includes tasks such as oversight of month-end close and monthly financial reporting for an outsourced Controller role.
Specfic duties should be agreed upon between you and your outsourced accountant, and a good outsourced accountant will bring suggested duties as well based on their experience in that given role.
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One example for outsourced accounting is for a small business, where a company may choose to outsource their entire accounting function to an outsourced provider. The provider will perform all bookkeeping duties, including processing of customer invoices and vendor payments, within either the company’s existing accounting system or the provider’s own system.
For larger businesses, it may be more beneficial to outsource certain responsibilities that are outside the expertise and/or capacity of the existing accounting team. This may include an outsourced Controller for oversight of month-end close processes and monthly financial reporting, or a temporary bookkeeping resource if a member of the company’s accounting team leaves unexpectedly.
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Outsourcing a company’s accounting functions to an accounting expert can be a good idea for companies of all sizes.
For smaller businesses, outsourcing accounting is often more efficient and cost-effective than hiring a full-time bookkeeping employee, and allows business leaders to focus on higher-value activities within the company.
For larger businesses, outsourcing key roles such as a Controller can help supplement the existing accounting team to focus on specific initiatives, such as oversight of month-end close and financial reporting, or special projects such as a new ERP implementation.
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The key disadvantage when outsourcing accounting is a lack of control and immediate communication. Outsourced accounting providers generally service multiple clients, and so will complete the accounting for your business at their discretion, and may not respond to a question or call as easily as an internal team member.
Because of this, it is important to find an outsourced accounting provider that is responsive, proactive on any issues or requests, and provides high-quality results in line with your expectations.
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By outsourcing your accounting to an accounting expert, you can experience the following 5 key benefits:
Expert guidance. Engaging an accounting expert allows them to focus on the correct accounting treatment for transactions, allowing you to focus on other matters.
Faster Timelines. Due to their expertise, an outsourced accountant can normally process transactions within a few hours for a given week.
Lower cost. Hourly or monthly fees for an outsourced accountant are often lower than the salary of an equivalent full-time hire, and do not require payroll taxes or benefits.
High quality reporting. An outsourced accountant can tap their expertise to ensure correct accounting treatment, and provide financial reporting in a clean, easy-to-understand format.
Focus on Key Activities. Having your bookkeeping handled by an outsourced accounting expert gives you the peace of mind to focus on other tasks, such as customer service or growing the business.
Insights From Our Blog
Let us support your accounting team.
Interested? Fill out the brief form below to request a quote for our Outsourced Accounting Services; we will respond within 24 hours (or less) to schedule a discovery call.