You’ve built a business and made your dream a reality. But when it comes to the financial and accounting aspects of your business, you’re at a loss. You know you need good numbers to help your business operate, strategically grow and—frankly—survive. But what if you don’t have that type of understanding?
Proper accounting is critical to your success and growth. You need solid, up-to-date numbers for bank financing, investor relationships, tax purposes … the list goes on.
If you ignore the numbers, you can cause serious damage. Outsourcing these critical business functions can help you become aware of your current financial state and future growth opportunities, all while freeing up time, so you can focus on what really matters—your business.
Outsourced accounting can significantly improve the way your business operates. Companies that invest in accounting services, outsourced consulting, and other services to navigate the ins and outs of their finances set a benchmark for future growth.
Finance outsourcing services offer a broad set of benefits, including:
Your financial data tells a story (though it’s expressed in numbers rather than words) about where your business has been, where your business is currently and where it has the potential to go in the future.
But what happens if you don't understand it? After all, numbers can be aggravating and frustrating and probably aren't the reason you got into business.
You need sound financial data to make good business decisions. Your accounting professionals should be able to help. They’ll work with you to find out where you’re making money and losing money. Plus, they’ll ensure you have the financial data necessary to make the right decisions for your business. Otherwise, you’re just taking a shot in the dark.
You know your business, we know the numbers. Our team loves taking the burden of accounting and finance functions away so you can dream about what's possible for your business.
We provide outsourced accounting, including bookkeeping, high-level financial knowledge, payroll, CFO expertise and more. Our services provide you with insight and foresight into your business, allowing you to avoid sharp turns and potholes along the way.
From one-time projects to continuous on-call help, our team of strategic CFOs and financial consultants can help you make the most of your next business venture, set yourself up for growth and plan for what’s ahead.
Plus, we do it with cloud-based accounting systems, so you have real-time data access every step of the way. Have a system you already love? We can use that to deliver valuable information when you need it most. Our goal is to give you the high-level financial guidance you need, no matter where you are in your business.
"When we had turnover in our internal accountant position, Eide Bailly came in and filled the void. They took the time to understand our organization and developed new processes that helped us streamline processes and gain confidence in our financial statements. We now have more time to focus on critical tasks for our mission, knowing our accounting is in good hands."
"Eide Bailly has their eyes on our operation and can keep us on course throughout the year. They have trained us to be able to understand the numbers. No matter what's going on in the office, we all look at our numbers every single day. We are all about patient care, but we have a large team and we have to make sure we are protecting everybody on our staff and ourselves and our patients by being good businesswomen."
Having Eide Bailly’s accountants help with specific tasks has made it much easier for us to have the right person in the right position doing the right thing rather than trying to have all the knowledge and skill concentrated in one person who then tries to do too much."
Financial services outsourcing has the power to change the face of your organization. When you outsource financial services, you commit to developing upgraded processes with the potential to supercharge your brand. If you are unsure whether outsourcing your accounts is right for you, here are the answers to some of the most common questions.
An outsourced accountant is equipped to handle all things regarding your business financials. Eide Bailly is one of the top 25 accountancy firms in the country. Our CPAs can handle everything from basic accounting functions to representing you in an IRS audit.
We can also identify growth opportunities, assess the viability of future investments, and even help you restructure your overseas outposts.
Third-party accounting services, outsourced financial consultancy, and other outsourced financial functions are almost always cheaper than hiring an internal team.
While the hourly rate of finance and accounting outsourcing is higher, the difference is that you only pay for the services you need — with no downtime. You are not taking on the costs of hiring, training, benefits, and salaries.
Finance accounting services via a third-party firm will save your business in the long-term.
Never. Accounting services outsourced are the same as hiring an independent contractor to design your website. You maintain 100% control of every decision and sign off on every detail.
You decide when vendors are paid, which direction your business moves, and whether you accept recommendations made by your CPA. Your accountant performs the same functions as an internal accountant without the obligations and expenses of recruiting a full-time professional.
Partner/Business Outsourcing Practice Leader
Ensure you have the professional reporting service, management resources, technology solutions, and timely reports you need to help direct your business endeavors.