“I have known and worked with Tim as my accountant personally and professionally for more than 10 years. His integrity and accounting insight and advice is beyond reproach. He has always been proactive and ahead of the game.”
YOUR ACCOUNTING DEPARTMENT WITHOUT THE OVERHEAD
Outsourced accounting provides your small business with a full accounting department experience without hiring an in-house accountant and accounting team.
We can handle all your business accounting needs, including day-to-day bookkeeping, transaction coding, accounts payable, accounts receivable, payroll and/or payroll management, financial reporting, along with several other services.
Benefits of Outsourcing Accounting for Small Businesses
Outsourcing the accounting of a business to Financial Optics will ultimately earn small business owners more time and financial freedom. How? By outsourcing your accounting services, you have the freedom to work on your business while someone else handles your accounting.
INSIGHT:
Outsourced Accounting Services
The Outsourced Accounting Team You’re Looking For
If you’re looking for an accounting department that can handle your business far beyond just its bookkeeping needs, look no further. Financial Optics can provide you with precise, professional, and thorough accounting with our Outsourced Accounting Services.
Our team can ensure that your business’s books are always in balance, up to date, and accurate. We take an individualistic, comprehensive approach to accounting with each of our clients, and we will cover everything from daily bookkeeping, bill pay management, invoicing and receipts, reconciliations, and year-end reporting to cash flow management.
Whatever your business needs, we can handle it. We take a hands-on approach to accounting for your business while also allowing you the flexibility and freedom to approve, change, or make any adjustments as needed. After all, it is your business and your accounting! We’re just here to make your life easier any way we can and help you use the numbers to create a better business.
No matter what service you’re looking for, we have the professional expertise necessary to understand and navigate the complexities of any financial challenges your business may face. Our team can provide you with knowledgeable guidance and help you to make informed financial decisions when it comes to your business.
SAVE TIME & REDUCE OPERATING COSTS
Reduced Hiring and Operational Costs
It can be expensive and incredibly time consuming to interview, hire, train, onboard, and maintain an in-house accounting department. Let alone trying the manage the day-to-day operations of a highly technical business process. But your business may not be large enough to warrant a full in-house accounting department for its day to day financial and accounting operations.
Outsourcing accounting services saves operational costs that could go into the growth of the business. You can increase the number of your sales staff, get more equipment, or even expand the physical facility of your business.
AVOID COSTLY MISTAKES
Decreased Errors and Increased Accuracy
Hiring an in-house accounting team involves a lot of training – everything from onboarding to getting your accountant or accounting team familiar with your industry and your business. And attempting to take accounting on yourself with everything else on your plate opens the way for costly mistakes.
We can offer accuracy from the start of operations. Our automated systems and models track and keep financial records in order. And we make sure to double and triple-check transactions and records for any mistakes that may have slipped by.
24/7 ACCESS TO FINANCIAL DATA
Access to Periodic Detailed Financial Reports
Small business owners will have access to regularly updated financial reports to keep track of their income and expenses when they outsource accounting to Financial Optics. We’ll keep you informed and educate you on key matters like your business’s cash flow, income projections, key performance indicators, and advise you on major financial decisions.
This function comes in handy when you wish to share this information with your employees, partners, creditors, and/or legal counsel.
You’ll also get qualitative insight into your operations expenses, profits, and revenue from time to time to equip you with the financial knowledge so that you can control your business finances and have a solid foundation for the future of your business.
INFORMED BUSINESS DECISIONS
One of the amazing benefits of outsourcing accounting to Financial Optics is making smart and informed business decisions backed by accurate accounting and experienced analysis. Most outsourced accounting providers only crunch numbers and provide you with periodical reports. But here at Financial Optics, if you choose that level of service, our team is experienced and savvy enough to give you in-depth analysis to help you make important financial decisions and project the results.
You’ll be able to decide which expenses to cut off and which mode of income is more reliable in the long run. A periodic financial report also gives you an insight into managing operations and managing the compensation plans for new and old employees.
Working with us offers much more than the other outsourced accountants. We don’t just onboard any customers looking for accounting services, we’re looking for growth-oriented entrepreneurs who want to become financially savvy about running their business.
Our Outsourced Accounting Services
We will always take an individualized approach to accounting with each of our clients and provide you with the services needed for your business. If you need any other accounting services as your business grows or your needs change, we’ll adjust and work with you.
Accounts Payable
With our accounts payable service, your accounts payable entries will be tracked and managed by our accounting services team. This ensures that you are doing things like paying your vendors and suppliers on time. In addition to this, we will also make sure that your balance sheet stays on track and up-to-date in real time.
Accounts Receivable
Our team will also manage accounts receivable entries and invoicing for your company. This service helps you to avoid missing out on any money you are owed. For many of our clients the invoicing process is complex and requires a hands on approach from their management team. With our virtual systems this is still possible, and we can step into the process at whatever point makes sense to your business. At a minimum we help you stay on top of receivables aging and keep you informed who needs to pay you and when.
Financial Reporting
With our detailed financial reporting service, you’ll be able to stay up to date and informed on the financial health of your business. Our financial reporting includes income statements, balance sheet and cash flow reporting to help increase your awareness of cash flow and your business’s financial performance.
Credit Card Reconciliation
We will work to keep your financials air-tight and secure by checking your credit card activity to ensure that your corporate card transactions are reflected fully and correctly on your balance sheet.
Weekly Cash Flow Check-Ins
We get hands-on with cash flow management, reporting weekly on your current cash balance, to tell you what you owe, and who to pay each week based on our knowledge of your vendors and due dates.With dashboard reporting, you’ll be able to understand how your decisions are affecting profitability and cash flow, and how you can make improvements for sustainable growth.
Bank Reconciliation
Our services team will keep a close eye on your bank accounts in order to confirm that all business transactions are up to date and accurately recorded. This will help you to avoid any costly errors, discrepancies, and even fraud.
Payroll Processing and Reconciliation
This service ensures that the correct wages, salaries, deductions, reimbursements, and more are distributed to your employees on time. If you are already set up with an outside payroll service we work with them to ensure that accurate payroll entries are made in your ledger and reflected properly on financial reports.
How do we achieve this?
We use the numbers from your business to paint you a picture of your progress and growth curve. We offer weekly reports with detailed reports on a current cash balance and cash flow management. This information will help you run your business, and sleep better at night knowing your current financial position. The weekly reports also give insight into how your day-to-day business decisions affect your business. Thus, it’s easy to see where you are going against profits and how to make improvements.
At Financial Optics we don’t just crunch numbers and spit out reports. We provide accurate financial data and help you understand how to use the data to grow a healthier business..
Why not book a free 1-hour consultation session with our experts and let’s discuss your business? Let’s show you how you can improve your business by outsourcing bookkeeping to the right team.
GET THE ACCOUNTING HELP YOU NEED
Are you searching for an accounting team that cares about your business and wants the best for you?
Our financial services are tailored to your business so you can experience measurable growth. It all starts with a conversation.