Outsourced Accounting Services Provide CFO-like Oversight Without the Expense
Business administrative functions like accounting, bill payment and payroll are critical but time consuming and require substantial staff and resources. Small and medium-sized businesses often struggle to find cost-efficient ways to handle these duties properly. Business owners often don’t have time or expertise. And high-level staff like controllers and CFOs can easily command six-digit salaries, office space, benefits and other resources that many businesses need but can’t fully afford.
Recent technology has yielded more cost-efficient ways to address these needs through outsourcing without sacrificing capabilities. By combining and moving some or all of these functions to a secure, web-based platform, companies can have real-time access to an accounting department at a fraction of the cost.
Outsourced Accounting Services Tailored to Fit Your Needs
- Real-Time Accounting – Generate timely and accurate financial statements, as often as daily, by utilizing secure, web-based accounting software to download business banking and credit card activity. Business owners gain immediate access to current financial reports via a secure online platform.
- Month-End Closing – Reconcile bank and credit card accounts to financials and post monthly adjusting entries as needed.
- Bill Payment – Setup bills, credit cards, and expense reports to be received and processed for payment based on desired payment schedules. Establish controls to provide proper management oversight and approval before bills are actually paid. Enable approvals via smart phone or tablet. Generate year-end 1099 forms.
- Budgeting – Preparing budgets and cash-flow forecasts becomes much simpler to perform and easier to outsource with real-time data available via our accounting software.
- Payroll – Setup and processing of payroll for all your employees — including direct-deposit, retirement plan and other deferrals and withholding, payroll tax remittance and reporting, and W-2s – can also be outsourced to CoNexus and by integrating payroll with accounting software, our team can seamlessly import data to keep everything in synch.
- Web-Meetings – For quarterly or other periodic review meetings, our CPAs can review financials with business managers and owners and address questions and planning issues.
Let CoNexus build the perfect outsourced accounting package for your business. Contact one of our specialists for more information.