Over the course of your business’s lifecycle, you will face
many obstacles; and how you go on to manage them will
ultimately determine your short- and long-term success.
To this end, the best way to ensure the longevity of your
business is to maximize your team’s skills and bring the
necessary professionals in to fill the gaps.
Owners typically don’t start a business because they’re
passionate about managing cash flow or becoming a world-
famous payroll guru – and this can lead to a lot of issues
within a company’s back office. Most of the time, if there
even is an accounting department, it’s understaffed. Your
accounting professionals are too busy executing their day-
to-day responsibilities to even think about using real-time
data to proactively run the business.
Yes, bills need to be paid and invoices need to be collected,
but the true value of a rock-solid accounting department lies
within actionable data. By following accounting and book-
keeping best practices, you’ll gain the information needed to
make more strategic decisions, embrace timely opportuni-
ties and drive long-term business growth.
If your company doesn’t have an accounting department, if
you need to expand or revamp your existing department or if
you’re searching for a controller, consider looking into client
advisory services (CAS) for outsourced accounting services;
month-end support and consulting; and proactive advisory
services.
Introduction To Client Advisory Services
On their own, services such as bookkeeping, month-end
accounting support and data-driven consulting aren’t new.
But by taking a different approach to these traditional
services, we can reveal new, exciting opportunities for
owners of small- to mid-sized businesses.
In the past, for example, businesses would drop off their
bookkeeping- and write-up-type work to be compiled and
analyzed at month-end. Now, when businesses use CAS,
the firm is responsible for maintaining the business’s records,
assisting with daily transactions, and providing financial
statements in real-time. As a result, the firm can better serve
the client as an advisor.
CAS fills the growing need for general ledger maintenance;
accounts receivable and payable services; bank and credit
card reconciliations; month-end closes; and reliable advice
from industry experts. CAS may also result in reduced
employment costs and onboarding expenses.
How CAS Works
CAS requires you to rethink the traditional back-office
structure. By providing custom, outsourced accounting
services that leverage cloud-based solutions, your CAS team
will take on the role of controller in your company. Beyond
transactional work, these professionals will provide you with
reliable advice and strategic insight designed to help you
better understand the company’s financial wellness, gain
momentum and consider the big picture.
Another great aspect of CAS is that it can be customized to
address your business’s specific needs. If you need somebody
to handle daily transactions, great! If you’re looking for ways
to analyze real-time financial data to become more proactive
in the market place, that’s fine too. You can choose as many
or as few of the services as you want.
If you would like to learn more about our suite of client ad-
visory services, email me to find out how CAS can help you
get more from your company.
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