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