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Choosing The Right Accounting Services For Your Business

December 9, 2020

Accounting, Business, Insight article

Authored By GreerWalker

Are you finally ready to hire an accounting provider? You’ll be happy to learn there are customizable options available to you. One of the best things about outsourced accounting for businesses is the degree of flexibility and scalability it offers. Services can be tailored so you only pay for what you need now, and you can scale services as your organization grows and your needs change.

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GreerWalker is a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries. Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources. For more information on how GreerWalker can assist you, please call (704) 377-0239.

While valuable, this ability to customize your accounting services can make it a little tricky to show how we structure our services so, to simplify things, we often explain it in terms of three standard levels of service. Generally, most organizations choose a level of service that lands within one of these three categories:

Basic Accounting

Our basic accounting services take care of daily financial processes, such as customer invoicing, accounts payable processing, payroll processing, and bank and credit card reconciliations. This is ideal for organizations with simple accounting needs who want to free up time for higher-value work. Engaging an outsourcing firm to take care of these functions ensures more stability than simply hiring a bookkeeper.

Advanced Accounting

Our advanced accounting services are ideal for businesses that have slightly more complex accounting needs. This might include project accounting and billing, purchasing and inventory accounting, and maintaining fixed assets. This advanced level of service is often perfect for a CFO or controller who needs support with the daily processes of a more complex organization in order to make the best decisions with timely, accurate data.

Full-Service Accounting Department

We also offer businesses a full-service model, which means you receive the services of a complete accounting back-office and all processes and procedures are taken care of. This includes specialized needs, such as revenue recognition, debt and capital lease accounting, and cash management. This level of service is perfect for growing organizations or businesses with complex accounting requirements.

Additional Accounting Services

Some businesses choose to add the services of a virtual CFO/controller for strategic advisory and direction from a financial expert who can provide a balanced perspective, help with decision-making, manage debt and capital lease accounting, and more. We also offer consulting and can assist with specific projects, such as investment analyses and workflow designs.

As you can see, outsourced accounting is customizable for the needs of any organization, and it has the versatility to change as your business grows. Regardless of where your business is based, we provide a virtual team to be your full department or support existing personnel, with a wide range of skills and experience that can scale with the needs of your business.

Ready to make the jump? Please contact us to learn more about our services and how we can help your business save time, money, and energy.

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