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 $2,000 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.
