What is Outsourced Accounting?
Outsourced accounting is where Apex provides a full accounting department experience for your small business.
We take care of the day-to-day accounting function just like an internal accounting department would. Our experts handle everything from:
- Accounting data entered and reconciled
- Invoicing and receiving payments
- Preparing financial reports
- Paying your bills
- Payroll
- Innovating accounting processes with technology
- And much more!
Why Outsource?
Outsourced accounting is no longer a trend, it’s how businesses will get the most out of their accounting and bookkeeping function.
If your accounting department is like most, it generates no revenue. Further, it is no surprise that if your accounting department has a 40 hour work week, they will find a way to fill it, whether productive or not. At Apex, we are in the business of accounting which creates a culture of innovation and improvement on how we deliver our services. We innovate toward the most efficient performance of tasks which leads to fewer errors, more timely reporting, allowing more time for us to provide added value and advice, all in a more cost effective manner to you.
A 2018 Survey conducted by Bill.com with support from CPA.com, asked 1,700 companies their opinion on how outsourced accounting has affected their business:
- 80% of businesses that outsource accounting have more time to focus on their business.
- 79% of the clients stated they would refer their outsourced accountant.
- 50% say they no longer worry about mistakes in their accounting function.
- 30% of the companies say that their outsourced accounting service has made them more profitable.
Here are just a few of the reasons businesses are switching to outsourced accounting.