Whether you run an early-stage business or an emerging growth company, you and your team may not have the time or experience to handle every aspect of the accounting responsibilities needed to operate smoothly. Windes can help.
If you are struggling with transactions, payroll, accounting, or financial planning, our Outsourced Accounting Services can help your business run better, grow faster, and make more money.
Outsourcing Accounting Services from Windes allows your company to access expert assistance for time-consuming operations and processes. This cost-effective method reduces your overhead costs of hiring additional full-time accounting staff. Outsourcing your accounting also increases your business efficiency, allowing your team to focus on their roles while skilled professionals tackle your accounting or bookkeeping challenges.
If company growth is what you’re looking for, consider what accounting services can be outsourced and when you should use these services.
Managing Accounts Receivable and Accounts Payable
Outsourcing your accounts receivable (AR) and accounts payable (AP) helps improve cash flow and ensures on-time payments. This service is essential for new or small businesses with no designated financial team to handle all the tasks. Windes Outsourced Accounting Services can complement your staff and provide some or all of the following services:
- Invoicing approval and storage
- Order management
- Customer billing and payments
- Online payments
- Check processing
- Expense reporting
- Manage vendor inquiries
- Collections and debt management
- Cash forecasting
Accounting Services
Accounting services are essential and require attention to detail and constant updating. If your company does not employ a full-time accountant or bookkeeper, this task can overwhelm other employees. Accounting mistakes can lead to long-lasting negative impacts on your business. You can avoid errors by outsourcing these services to our team of professional accountants.
Outsourcing can help you save money, as you will not have to hire an additional employee or provide benefits. With many firms using cloud-based software, your books can easily stay up-to-date and accurate. Outsourcing your accounting offers you access to trained professionals who will look for oversights in your documents and fix any errors or omissions they find.
Windes Outsourced Accounting services will help balance your ledgers, manage your time and expenses, and handle invoice processing and employee expenses. Your outsourced accountant may also create comprehensive financial reports so you can better understand your financial data and use it to make well-informed decisions.
You don’t have to be a large business to benefit from our Outsourced Accounting Services. Early-stage companies need to have accurate bookkeeping, and outsourcing is a more affordable option to help their bottom line. More established companies can improve efficiency by outsourcing some services instead of hiring additional accountants as they grow.
Processing Payroll
Outsourcing your payroll processing allows your company to automate this task, leading to greater efficiency and reliability. Windes uses the latest in cutting-edge software to provide cost-effective payroll solutions.
Technology also reduces the risk of payment processing or tax return errors, saving your company from paying significant penalties. Startups and small businesses benefit the most from this outsourced service, as it helps them manage payroll and benefits needs and can adapt to grow with the company over time.
Financial Planning
Firms need operational analysis and oversight to review the health of their business and guide their decisions. Many of these responsibilities lie with the Chief Financial Officer (CFO) in larger, more established companies. These financial experts provide firms with business acumen to encourage growth.
However, not all startups and emerging businesses have the budget to hire a full-time CFO. Using Windes’ Outsourced or Fractional CFO Services offers smaller firms financial planning services at a fraction of the cost. Below is what you can expect from our Fractional CFO Services, which includes our Advanced Outsourced Accounting Services, as outlined below.
Advanced Outsourced Accounting Services
- Bank and Credit Card Reconciliation
- Recording Payroll Journals
- Form 1099 and 1096 Filing
- Management of Fixed Assets and Depreciation Schedule
- Form 571-L Property Tax Filing
- AR Invoicing and Recording Payment Receipts
- Accrual Adjustments
- Automated Accounts Payable
Fractional CFO Services
Our Fractional CFO Services include all of the Advanced Outsourced Accounting Services above, along with the following:
- Financial Planning & Analysis – including Financial Reports: Income Statement, Balance Sheet, Statement of Cash Flows, Profit and Loss % of Total Income, Revenue and Expense Graphs, Period Comparison
- Windes Accountant Insights
- M&A Advisory and Due Diligence Support
- Strategic Planning and Assistance with Decisions
- Board Advisory
- Budgeting
- Forecasting
- Contract Negotiation
- Manage Bank Relationships
- Scenario Planning
- Capital Raising
Tax Preparation and Filing
Your business must remain compliant with all local, state, and federal tax laws, which require accounting expertise. Windes will ensure your compliance while minimizing errors that can negatively impact your company.
In addition, our accountants can manage your payroll tax collection and filing in accordance with all tax regulations and tax planning services to help minimize your company’s tax liability in the future. Businesses of all sizes can benefit from Windes’ outsourced tax services.
Controller Services
Controller services provide your business with financial oversight and thorough cash flow analysis. This service is best utilized by well-established and growing companies who require more strategic guidance and insights to promote their growth. Windes Fractional Controller Services includes our Advanced Outsourced Accounting Services, as outlined below.
Advanced Outsourced Accounting Services
- Bank and Credit Card Reconciliation
- Recording Payroll Journals
- Form 1099 and 1096 Filing
- Management of Fixed Assets and Depreciation Schedule
- Form 571-L Property Tax Filing
- AR Invoicing and Recording Payment Receipts
- Accrual Adjustments
- Automated Accounts Payable
Fractional Controller Services
Our Fractional Controller Services include all of the Advanced Outsourced Accounting Services above, along with the following:
- Custom Reporting
- Process Review and Improvements (including but not limited to implementing new accounting software)
- Audit Support
- Internal Accounting Staff Management
- Internal Control Functions Assistance
- Cashflow Management
- General Advisory
- Consolidated Financials
- Investor and Board Reporting
- Compliance with Bank Covenants
- Department Performance Management
Preparing Financial Statements or Reports
With Windes’ Outsourced Accounting Services, you get access to a team of expert CPAs who will prepare the financial documents your business needs for internal and external reporting. These services help you track your cash flow by consolidating your earnings and expenses into financial statements.
Early-stage businesses use these financial reports to attract investors, boost public awareness, and ensure positive growth. Expanding companies often use internal reports to disclose financial performance to executives and board members. Financial statements inform businesses of all sizes on cash flow and budgeting issues, allowing leadership to make corrections for continued success.
Outsource Your Accounting with Windes
Windes’ Outsourced Accounting Services provide flexibility and experience to accommodate your changing needs. Whether your company requires more strategic financial planning or back-office transactional support, we have an outsourced accounting solution to fill the gaps and help you meet your goals.
Contact us today to learn how our outsourced accounting services can help your business run better, grow faster, and make more money.