Outsourced Back Office
Outsourced back office. We’ve got your back!
Who does that?
Many business owners receive enormous benefits from hiring expertise and outsourced systems rather than managing these in-house.
Companies that are financially hands-off.
Companies without finance or accounting departments and companies retaining simple bookkeeping talent in house, often find they have insufficient internal knowledge and expertise. These businesses frequently outsource all of their finance and accounting needs so they can focus on other things.
Companies needing to supplement current resources.
Small to mid-size companies have some, but not all, of the finance and accounting resources, technology, or expertise they need in house. These companies find they have insufficient knowledge and expertise, or insufficient time to meet their needs. Hiring a Controller or CFO full-time would not be cost-effective for these companies. Outsourced finance and accounting services are a cost-efficient way to bridge the knowledge and skillset gap. These services can scale as the needs of the business change.
Companies needing technology and process expertise.
Companies with a sufficient internal staff are able to meet daily accounting requirements. However, having little to no experience with system implementations, cloud-based technologies, implementing processes, and applying best practices, often benefit from hiring outsourced expertise. These companies hire outsourced assistance for short- and long-term engagements to support accounting operations.
Why? Top 7 reasons companies outsource accounting and back office functions:
Competent financial management, reporting, and guidance.
Businesses need to have competent financial management, reporting, and guidance so the management team can focus on operations.
Businesses need the right people.
Some 70 percent of KPMG survey respondents said they are outsourcing accounting to get access to better talent. This helps clients focus on their business instead of their accounting.
Businesses need professional quality work.
Closely related to the demand for quality people is the demand for quality work. Businesses choose to outsource accounting because they want assurances that the firm’s accounting will be accurate and compliant in every part of the business.
Businesses need efficient and quality technology.
Instead of evaluating, testing, purchasing, deploying, and training on internal systems, businesses get the benefit of professional-level processes and achieve compliance by leveraging our expertise.
Businesses need built-in scalability.
When a company grows, back-office support does not grow by itself. Typically, a part-time or full-time employee becomes overwhelmed and the company then tries to hire more resources. This takes time and focus from management and can be a nagging distraction. Companies usually need to have access to many financial disciplines, and a single new hire is unlikely to have all the necessary skills and experience. Outsourcing with the right partner enables the kind of overnight scalability that can help a growing company meet all back-office needs in a timely, cost-effective manner. The outsourcer also brings the right talent as needed.
Businesses need ongoing advisory support.
The hands-on nature of outsourced finance and accounting services allows—and requires—more frequent client contact, giving us the opportunity to help clients address issues before they arise. This provides a much higher value to clients than reacting to situations after they have occurred, as some outcomes are irreversible.
Businesses need more time to focus on their business.
Helping clients efficiently complete and account for financial transactions allows them to spend more time on the business and less time on accounting. The efficiencies provided by a skilled services team and updated technology often convince clients of the benefit of changing their business approach.
What? Which services can be outsourced?
We are a boutique CPA firm that doesn’t believe in serving our clients in any way other than how they want to be served.
We treat every client as if they are our ONLY client. This extends to the accounting outsourcing in which we serve them. Why pay for an “all in one” package of services when you don’t need or use all of them?
Instead, we offer a Customized Package of services for every client – one that includes only those services that are needed – and excludes the others.
Plus, when we serve clients with custom-packaged services, what they receive is “greater than the sum of the parts.” Our team approach to serving clients means we adopt a 360-degree view of every recommendation, taking into account tax and financial consequences for accounting decisions, and visa versa.
When you have one, coordinated team of specialists serving your account, rather than specialty teams that can be siloed and disconnected, you’ll receive the best-considered advice we can render.
Find out how we can help you save on your accounting costs.
Once you have browsed our services, give us a call. We offer a free consultation to discuss how we might be of help to your firm as your outsourced accountants.
What Our Clients Say About Us
"This firm is terrific, I have worked with Jennifer Eubanks several times, and her firm provides first-class accounting support at very reasonable rates."
The CPA Department provides meaningful and actionable expertise related to preparing for DCAA audits, prepares winning pricing proposals, and provides overall strategies for small government contracting businesses to succeed.
"Jennifer is a trusted accountant and adviser. Her work ethics is second only to her expertise. Jennifer’s sense of resolve is perhaps the most telling… meticulous, persistent, and assertive comes quickly to mind. CPA Department has my highest recommendation."
"Very knowledgeable and helpful team. Work was done expediently. I will continue to use them and highly recommend them."
"Two years ago, my CPA retired and suggested I go to Jennifer Eubanks. I have been delighted with her work! I highly recommend Eubanks & Company."
"My firm started using EuCo from day one. I can attest that they have reduced the risk of many pitfalls we faced during our first few years. They continuously provide executable solutions to ensure our books and processes are inline and compliant. All this expertise at reasonable costs and great customer service."
"Eubanks & Company helped me out of a very sticky tax problem created by the neglect of a former accounting firm. I have nothing but the highest praise for this firm and the people working there. My ongoing experience is just as positive."
"Great, personal service - a trusted partner"
"We could not be more pleased with the service we have received from Eubanks & Co. It is our one-stop shop for all of our financial business needs. Jennifer leads her team to provide ethical and timely financial and regulatory compliance guidance for our government focused practice and we have recommended her firm widely. Thank you for all that you do! Your dedication to helping us remain compliant, set and meet our goals, and scale for growth is directly correlated with our continued success."
"Jennifer is a trusted accountant and adviser. Her work ethics is second only to her expertise. Jennifer’s sense of resolve is perhaps the most telling… meticulous, persistent, and assertive comes quickly to mind. Eubanks & Company has my highest recommendation."
"Have really enjoyed working with The CPA Department for the past several years. They have a great team that delivers professional and efficient service. Whether it be government contracting, day to day accounting needs, tax prep, or tax planning, they can handle your every need. We have already started leveraging their tax expertise with the new tax law changes. I highly recommend this CPA firm."
"We're extremely happy with the DCAA oriented consulting we're received, as well as the excellent service on general accounts issues. Our FAR and DCAA issues were more than we wanted to tackle alone and a significant part of our business. Jennifer and her team helped us through these hurdles and we couldn't be more pleased."
"Would highly recommend The CPA Department for business consulting, accounting and tax preparation needs. Jennifer and staff are very knowledgeable and go out of their way to help clients with their needs. You won't be disappointed."
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