Are you feeling overwhelmed with hiring challenges? Imagine finding a top-notch professional who excels in bookkeeping, offers strategic consulting, and navigates tax complexities, all for the cost of a beginner bookkeeper. Does this sound too good to be true? It’s not.

Embrace the power of LBMC’s Client Advisory & Accounting Services (CAAS), where our seasoned accounting firm delivers outsourced accounting solutions that can bridge this hiring gap. With us, you might be able to even eliminate the need for the position entirely. 

An Introduction to Client Advisory & Accounting Services

Client Advisory & Accounting Services (CAAS), also known as outsourced accounting, Client Accounting Services, or Cloud Accounting Services (CAS), have been used by innovative companies for years.

The recent developments in cloud computing and the ease of remote work have made it easy for companies in all kinds of industries to partner with a CAAS firm to receive a higher caliber of accounting at a fraction of the cost of a traditional approach.

Client Accounting Services are wide-ranging, covering everything from basic bookkeeping tasks to more advanced CFO-level strategic initiatives. Regardless of how much support you need, the savings are clear.

The salary for an entry-level bookkeeper can be as high as $57,000. But the true costs of hiring an in-house employee go far beyond that: payroll taxes, additional benefits, training time, and human resources issues. That’s not even considering the fact that staff members take vacations and sick days, or that you need to provide them with all the resources they need to be successful. All told, these kinds of additional investments can add tens of thousands of dollars to the total cost of running your bookkeeping function.

Companies with the willingness to embrace the latest technology use LBMC to do that work for $3,000 to $4,000 per month, plus a one-time setup fee*. In return, they receive high-quality bookkeeping backed by the talent and resources of a full-service CPA firm.

Hiring a CPA firm to serve as your accounting department gives you access to dedicated financial professionals who are invested in seeing your company succeed. Bookkeeping experts will be performing the day-to-day functions using tried-and-tested processes used by other leading businesses in your industry.

You’ll also benefit from unrivaled access to your CPA. With the full suite of CPA firm resources to assist with tax and estate planning strategies, budgeting, forecasting, key performance indicator analysis, and much more, you’ll never be in the dark about a financial issue again.

Today, many innovative companies have concluded the benefits greatly outweigh the loss of a person in a seat in the office. In today’s virtual environment, many companies already allow for some degree of remote work anyway.

How to Get Started with Client Advisory & Accounting Services

If all of these benefits sound good to you, your next question follows naturally.

How do you get started?

Here’s how things work when you partner with LBMC’s CAAS team.

Week 1

First, you’re introduced to an onboarding team consisting of a CPA, an onboarding specialist, and a bookkeeper. During the first week, the team gains access to your accounting software, assesses your current accounting environment, and makes recommendations to enable a seamless transition.

Weeks 2 – 3

After this initial assessment, our team will begin to implement your bespoke accounting plan. Exactly what this looks like, and how long it takes, depends on the services that your business has chosen and the quality of your existing accounting infrastructure.

Ongoing

After the onboarding cycle is complete, our bookkeepers will record your transactions daily, weekly, or monthly, and reconcile all bank and credit card statements. You have full access to see your financial information in real time whenever you want.

At the end of each month, or period you select, our team provides you with financial statements and analysis compiled by a CPA. If you have any questions, you can email, call, or text your CPA as needed.

Work with LBMC: A Leading Client Accounting Service

Reliable financial data is at the heart of every successful business. Without it, it’s impossible for leaders to make well-informed decisions that chart a path to success for their business. Everything flows from getting the basics right––and outsourcing is a surefire way to achieve that.

At LBMC, it’s our mission to help entrepreneurial businesses excel. We’re constantly innovating our practice and services to bring our clients a range of forward-leaning solutions that lead to successful outcomes.

If you’re interested in learning more about how LBMC’s outsourced client advisory and accounting services can address your company’s needs, contact us today.

* Estimated – Will vary depending on individual company circumstances.