Accounting | By Andrew Smith | 2024-08-26 07:38:32

Top 15 Outsourced Accounting Companies for U.S. CPA Firms to Enhance Efficiency

Outsourcing accounting services is popular among businesses. It looks to streamline its financial processes. It saves valuable time and reduces costs. The demand for top CPA accounting outsourcing companies will rise as a result. These specialized organizations give a range of services. It is from bookkeeping to financial analysis.

Finding the right outsourced accounting firm can be crucial. It is needed to maintain proper financial management. This article deals with the top outsourced accounting companies for CPA firms in the USA.

CPA Outsourcing

Chartered professional accountant (CPA) outsourcing is essential in the accounting process. CPA outsourcing is delegating accounting tasks to a third party. You allow your business to focus on operations while leaving financial management to experts. It will happen when you outsource CPA accounting aids. You can outsource accountants for a specific task. It involves tax preparation or the entire finance function.

Outsourced CPA firms consist of CPAs. They have experience in handling various financial tasks. They usually fall under the umbrella of finance. These firms use advanced technology to provide proper services. This makes them an attractive option for employers.

Selecting an Outsourced Accounting CPA Provider: Factors To Consider

There are a few key factors you should consider to help you narrow down your options. It involves:

Cost considerations

Outsourcing accounting can be a cost-effective option for businesses. It is especially true when you hire external accountants in locations like LatAm. They are the ones who offer competitive rates. However, it's essential to consider different firms' fees. Look for transparent and competitive pricing that fits your budget.

Service offerings and specialized expertise

Outsourced accounting firms may specialize in different services. They also have varying levels of expertise. Consider your business's needs and look for a firm that offers the services you require or follows specific practices, such as utilizing certain technology or hiring accountants from particular countries.

Confidentiality

Financial information is sensitive. It ensures that the outsourced accounting firm has proper security measures. It protects your data, which is crucial. Looking for firms with secure systems and protocols is essential. It only helps in handling confidential information.

Reputation and track record

Research the reputation and follow the record of potential outsourced accounting firms. Look for reviews from previous clients to get an idea of their reliability.

CPA Accounting Outsourcing Companies: Services Provided

CPA accounting outsourcing companies have plenty of services. Part of narrowing down your choice comes from finding out which services your firm needs.

Here are some financial services that can often be outsourced to a remote CPA:

Credit card management:	Statement reconciliations, fraud detection and prevention, and expense categorization and reporting
Fixed asset management:	Tracking and recording of fixed assets, depreciation schedules and calculations, and capital expenditure reporting
Debt account management:	Management of loan and credit card accounts, interest calculations and accruals, and debt schedule maintenance
Accounts receivable:	Invoicing, billing and collections, and cash application
Accounts payable:	Invoice processing, vendor management, and expense tracking and reporting
Payroll:	Processing of payroll, tax withholding and reporting, and employee benefits administration
Prepaid and accrued expenses:	Expense management, tracking, reporting, and reconciliations
Other compliance-related tasks:	Tax preparation and filing, financial statement preparation, and assistance with audit support and strategies

Top 15 CPA Accounting Outsourcing Companies

CPA accounting outsourcing companies are easy to find. These firms help you to hire remote professionals. These are well-versed in U.S. accounting practices. The accounting practices are like the Generally Accepted Accounting Principles (GAAP). We’ve compiled a list of 15 potential partners. It involves both general outsourcing companies. It also affects companies specializing in CPA accounting outsourcing.

It’s listed in no particular order. Each one has its expertise.

Fino Partners

At Fino Partners, we have an extensive network of finance talent, including highly qualified and experienced CPAs who can provide efficient and reliable outsourced accounting services for your business.

Unison Globus

Unison Globus is an outsourcing company specializing in CPA services. It involves managing accounts payable and receivable. It conducts bank and credit card reconciliations. It also provides detailed financial reporting.

TOA Global

TOA Global is an outsourcing firm that recruits highly skilled accountants based in the Philippines. Its roster includes accountants with relevant degrees, significant experience, and training in U.S. accounting standards. The company offers general bookkeeping and handles corporate tax returns.

ScaleNorth

ScaleNorth provides outsourced NetSuite accounting with NetSuite CPAs. It promises to help businesses scale with its world-class cloud-based ERP system.

Adams Brown

Adams Brown Strategic Allies and CPAs offer various outsourced financial services. Its expertise includes outsourced accounting, finance department support, etc.

The company posts cash receipts and disbursements. It also conducts monthly bank reconciliations.

Insero & Co.

Insero & Co. CPAs is a business advisor that provides financial services to many clients. It aims to find strategic partners that want forward-looking insights along with its outsourced accounting services.

The firm’s external CFO services even extend to the board room, where the company can stand in to give strategic directives.

Cherry Bekaert

With a strong emphasis on tailored solutions, Cherry Bekaert offers outsourced accounting, tax planning, audit and assurance, and advisory services. Its client-centric approach makes it a valuable accounting outsourcing partner.

SuperAccountants

SuperAccountants offers accounting firms expert tax preparation and bookkeeping services. The company is working to address CPA shortages, help its clients fill talent gaps, and minimize the burdens of routine tax preparation and bookkeeping tasks.

ABA Tax Accounting is an accounting and consulting service that offers US-based outsourcing solutions. Its team of highly skilled professionals helps businesses, governmental entities, and nonprofits with accurate and timely financial data.

Sentient

Sentient is an accounting solutions group specializing in strategic outsourcing and process automation. It helps accountants and CPA firms improve scale, increase accuracy, and reduce operational costs with process automation, artificial intelligence, and expert staffing.

Q.X.

Q.X. Accounting Services provides professional tax services, accounting support, and payroll outsourcing. Its tax services are tailored to help firms, CPAs, and E.A.s during tax season. The company also offers digital transformation services, like thorough technology audits, to identify gaps in your tech stack.

Kreischer Miller

Kreischer Miller is a well-established outsourcing firm that caters primarily to private companies, providing expert support in outsourced accounting, tax planning, and financial advisory. Its tailored approach ensures each client receives personalized solutions.

Affluent Financial Services (AFS)

AFS is a team of certified public accountants offering outsourced accounting services for everything from real estate to manufacturing. Thanks to the experience it has gained through 30 years of operation, the AFS team can give you peace of mind that financial experts are handling your critical financial data.

Sorge CPA

Sorge CPA & Business Advisors is a firm specializing in providing financial services to healthcare businesses. With its outsourced accounting services, it offers highly personalized and responsive services that it claims are similar to the capabilities of large firms and improve financial efficiency.

Infinit Accounting

Infinit Accounting delivers high-quality accounting and financial services to businesses of all sizes. Its seasoned professionals use advanced accounting software and tools to ensure accuracy and efficiency.

Winding Up Note

Finding the right CPA accounting outsourcing company and hiring the right outsourced accountant can make all the difference in effectively managing your business finances.

The top firms we have highlighted offer specialized services. It involves reliability and client satisfaction. It can benefit your business in the long run.

Book a free consultation today with Fino Partners. It helps you learn more about our services. Also, we can help you hire the best outsourced accounting expert.

Frequently Asked Questions (FAQs)

Selecting an outsourced accounting service provider who fits your company is hard. That is, finding a proper provider must fit the business's unique needs. A preferred ideal third-party solution will offer extensive industry experience, certified professionals and proven methods for success. As outsourced accounting services are intended to relieve in-house staff from tedious, manual tasks, ensure the provider you partner with has the advanced tools and proven methods to achieve accurate financial reports, measure success and identify errors.

Outsourced accounting involves hiring a third party. The third party handles a company's accounting functions. It involves bookkeeping, financial reporting, etc. This allows organizations to focus on their operations. It also benefits from the expertise of accounting professionals.

Companies can measure accuracy by comparing outsourced reports with internal records. Conducting regular audits and analyzing financial metrics also helps maintain accuracy. After all, seeking feedback can provide insights into their accuracy.

Outsourced accounting can benefit many business types. It includes small startups and mid-size companies. Companies can find value in hiring an external firm to handle accounting services regardless of growth rate. It also helps to improve financial reporting.

Yes. If you decide to outsource your accounting functions, you can develop a collaborative relationship with the provider and guide the partnership through setting expectations, defining needs and maintaining open communication. You can be as involved as you prefer, and the right firm will be flexible to specific levels of engagement.

Cloud-based accounting software helps in outsourcing accounting. That is the help in document management systems, electronic payment platforms, etc.

Technology plays an important role in ensuring financial data security. These involve encryption, multi-factor authentication, etc. All measures to protect sensitive information, too

Outsourced accounting service costs vary based on the scope of the services needed and the business size. Accountants may incur expenses and charged in a flexible mode. They may be charged hourly or structured within a fixed monthly package. They may incur additional costs or fees for extra services throughout the service.

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Top 15 Outsourced Accounting Companies for U.S. CPA Firms to Enhance Efficiency

CPA Outsourcing