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Outsourced Accounting Services

outsourced Accounting

What is Outsourced Accounting?

Handling all your bookkeeping and payroll needs in-house requires staff who are experienced in these functions, as well as continual updating of your accounting software. These are time-consuming tasks and can be easily outsourced to an experienced provider. You can outsource as much or as little of the work and ensure that you have adequate internal controls to avoid any risk in having the same people perform multiple duties.

Why Choose Outsourced Accounting?

Reduce Business Risk

Outsourcing ensures you have adequate internal controls by providing a system of checks and balances to help reduce fraud opportunities and verify the accuracy of your financials.

Scalability and Support

Outsourcing allows you to grow your business without the additional time and expense of adding resources. Your outsourced team grows along with you and makes it a priority to keep up to date on accounting standards.

Software Upgrades

Upgrading software will no longer be a concern as your provider will have the latest updates and offer the best solutions for your business size and industry.

Customized Reporting

Reports can be established to give you and your management team the weekly, monthly, and yearly reports you need. The experience of an outsource provider will offer report options you may not already have in place.

How Do You Choose an Outsource Provider?

Start by researching companies that provide these services. There are many individual options for payroll, taxes, etc., so be sure you investigate companies that can provide all the services you need rather than a piecemeal approach. Be sure to ask questions like:

  • What are the baseline costs?
  • What are other consulting options available?
  • What processes does the outsource company use?
  • What software does the outsource provider support?
  • How will the outsource provider integrate with your current business technology?
  • How long will the move to outsourcing take?

Once you have pricing, review your options and ask for work samples and references before choosing a provider. The outsource company should lead the efforts once you sign the contract and the transition process should be seamless.

What are the SVA Outsourcing Options Available?

SVA will create a tailored solution to meet your needs based on our three service levels.

   Bookkeeping Services:

SVA will take on the role of your internal bookkeeper using either QuickBooks Online or Sage Intacct. Our experts will handle these functions for you:

  • Enter and pay vendor bills
  • Customer invoicing and receipts
  • Monthly bank and credit card reconciliations
  • Payroll processing utilizing Paychex

Why choose this option? If you want to fill a gap when staff leaves and not worry about rehiring, turn your bookkeeping over to SVA. As we take care of it all for you, you won’t need to worry about software installations, upgrades, or staff training. Adequate internal controls and reduced risk are inherent when you outsource to an accounting firm, plus you get access to our experienced team who will review and consult with you monthly.

   After-the-Fact Entry:

Your team will continue to process transactions and SVA will enter your information in either QuickBooks Online or Sage Intacct. This service package includes:

  • Entry of information in the accounting software
  • Preparation of monthly bank and credit card reconciliations
  • Your team will continue writing your checks, creating your invoices, making deposits, and using your payroll system for processing

Why choose this option? You still benefit from not having to worry about software installations, upgrades, or staff training. You continue to perform the functions noted above, but SVA does the data entry and monthly processing. This option reduces your staff time each month and our experienced team will review and consult with you monthly.

   Monthly Review:

Your team will continue using your current accounting systems, writing checks, generating invoices, making deposits, and creating payroll. SVA will meet with you monthly and prepare the reconciliations and any necessary adjustments of journal entries. This service package includes:

  • Working with your existing accounting system and, using best practices, SVA will help you make the most of your current system
  • Monthly, quarterly, and/or annual review of accounting transactions
  • Financial statement review and consultation

Why choose this option? You will keep your existing processes and staff, but SVA will bring another level of expertise to review and consult on your financial statements.

Whats Included In All Three of These Service Levels?

  • SVA will help you understand your numbers and create goals to improve your financial statements.
  • SVA will share valuable Key Performance Indicators (KPIs) to help you make better management decisions.

SVA’s team has years of experience providing bookkeeping and back-office support. The onboarding process is customized to your needs, and our bench strength provides for a fluid transition of service deliverability. Let SVA help you run your back office, so you can focus on growing your business.



Understanding When and Why You Should Outsource Your Accounting

Take the first step in understanding if your business is ready to outsource its accounting by downloading this eGuide.


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