Not all organizations feel comfortable utilizing a third party accounting expert. Understandably, some executives desire to maintain these processes in-house. However, there are many benefits to outsourcing the day-to-day accounting operations of your organization. Ask yourself the following questions to see if TotalAccounting may be the right next step for you.
- Do you struggle to raise funds?
- Is operating on a leaner budget a dream and not a reality?
- Does your organization need a better way to keep costs down?
- Is the right person performing each accounting processes?
Now that you have determined your need to explore outsourced accounting let’s take a look at some examples of how something like TotalAccounting is an efficient and wise solution for you:
- Utilizing a third party accounting solution allows you to work with highly educated, accounting experts without having to hire a full time accounting staff. Staffing high level experts in this field is expensive and may not be the best decision for your staffing budget at this time.
- Additionally you are able to utilize this expertise on an as needed basis. Everything from accounts payable, to audit oversight, to CFO level expertise is available at any time.
- The financial reports you can receive from your outsourced team will provide valuable business intelligence to help you make the best possible decisions for your organization.
- A third party team can add to your internal controls, creating accountability and transparency with financial operations.
- With tax laws and regulations constantly changing, an outsourced team will help to ensure you are operating within compliance of laws and regulations.
- A TotalAccounting partner can present recommendations on best practices so your organization can run at optimum efficiency and effectiveness.
- Save money on technology. Utilizing an outsourced accounting team means you don’t have to invest in expensive software programs and maintenance.
- Save time and money on staffing. An outsourced accounting team means you won’t have to hire, train, fire, or manage an accounting department.
- When it comes time for the annual audit, your outsourced team will save you countless hours and headache’s as they will be fully ready for the audit process.
- Think of it like a buffet; you can pick and choose the tasks you would like to have your third party accounting team work on. Leave the rest on the table for another time.
- As your organization grows you can scale the services you are outsourcing according to your growth. This means your accounting team can grow with you at a minimal cost of time and money to your organization.
Here at Beck & Company, Certified CPA our TotalAccounting service team can help you reduce your back-office overhead and improve your processes so you can spend more time focused on your cause. We have a broad base of managerial accounting and systems experience and a deep understanding of nonprofit process and technology that enables us to apply knowledge from the past, together with up-to-date best practice know-how to help you solve your challenges and capitalize on the opportunities you face. We partner with you in each of your engagements, getting to know you and your unique challenges and objectives intimately. This combination enables us to develop tailored solutions to increase your effectiveness and help you achieve the goals of your mission. Contact us to today to learn more about TotalAccounting and begin partnering with us today.