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Business Upturn Creates Demand for Outsourced Controller/CFO Engagements

Business Upturn Creates Demand for Outsourced Controller/CFO Engagements


by Hugh Duffy

Business Upturn Creates Demand for Outsourced Controller/CFO Engagements

With the upturn in the economy, onshoring, and impending Obama Care, there has been a resurgence in outsourcing accounting. By outsourcing, I'm not necessarily saying offshore, just that there has been a renewed interest in keeping headcount low and outsourcing the accounting work to local accounting firms. Realistically, most small accounting firms can perform this task far cheaper and more efficiently.

Each accounting firm approaches this slightly differently. Below are the three most common ways:

Outsourced Controller - Outsourced bookkeeping and accounting to a local accounting firm. Work is done locally and covers everything from accounts payable to financial statements to payroll and cash flow reporting.

Outsourced CFO - In addition to outsourced controllership responsibilities, this firm takes on more strategic roles for the client's business. The roles can go as far as turnaround management, receivership, M&A, and tricky financial management consulting engagements.

Virtual Controller/Remote Location - This is similar to outsourced controllership but leverages technology to deliver the real time financial reporting.

Below are examples where we've helped accounting firms deliver these type of services online:

Outsourced Accounting and QuickBooks - Pittsburgh PA

Outsourced Accounting - Seattle WA CPA

Outsourced CFO and Controllership - Boston CPA

Online Controllership - Real-Time Access - Sage - Peachtree - QB - Memphis TN

Remote Controller - Cloud-Based Accounting - Atlanta GA CPA

Call us if you'd like help generating leads from businesses interested in outsourced their accounting and/or financial function.

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Hugh Duffy, BYF CEO and Co-Founder

Hugh is the consummate marketing coach for accountants and takes pride in the impact that it has on their practice, and lives. Hugh has more than thirty years of marketing experience. Since 2003, he has been teaching accountants on how to improve their marketing and make more money from their accounting practice.