Frequently Asked Questions

An outsourced accounting service manages day-to-day financial operations that would otherwise require an internal finance team. As per general understanding, these services include:

a) Bookkeeping
b) Accounts payable and receivable
c) Bank reconciliations
d) Payroll support
e) Financial reporting
f) Tax preparation support, and
g) Month-end close activities

In addition, many providers offer cash flow reporting and management insights. As the business expands, the provider can also support budgeting, forecasting, and financial controls. This allows business owners to devote more attention to growth and customer acquisition.