FINANCE AND ACCOUNTING OUTSOURCING SERVICES
Focus on vital business strategies while we
take care of your F&A - addressing your business
needs and pain points
It’s decision time. And you’re still not sure what to do. Why? Because you don’t have enough information to go on. Yes, you’ve got the P&L, but it’s not updated. You’ve got inventory projections, but you don’t know how accurate they are. You’re not sure if you can trust the latest A/R report or the performance data from your various locations.
To top it all off, you haven’t got anyone who can help you interpret this data – let alone benchmark it against other companies like yours. There are just too many missing pieces.
QBSS is a professional finance and accounting outsourcing service provider that can help you stay on top of the numbers game. We bring to you the right mix of financial and accounting talent, expertise, and industry best practices to support your business.
We offer the financial insight you need to grow your business while freeing up your time and resources to manage your core business better. Outsourcing finance and accounting to QBSS will:
- Make your financial processes more efficient.
- Improve your working capital management.
- Generate insightful and actionable financial reporting.
- Mitigate risks of financial leakages, fraud, and non-compliance.
- Create an agile financial and accounting process tailored for growth.
The goals and needs of your business will determine the scope of outsourced finance and accounting services. If you are new to outsourcing, we recommend you start small and then expand as you become more comfortable with the concept of outsourcing financial services. If you have outsourced before, we think you will find we are a different sort of service provider than you may have worked with in the past. Contact us for a free consultation to assess your finance and accounting outsourcing requirements.
Our Current Offerings
Our comprehensive Finance and Accounting services helps you have better financial control through sharper insights and streamlined processes for healthy cash flow, maintaining accurate documentation, and more to drive long-term growth.
Our services improve the “Record to Report” process. This, in turn, ensures, on-time delivery of accurate financial data, thereby strengthening compliance.
Our services improve the “Record to Report” process. This, in turn, ensures, on-time delivery of accurate financial data, thereby strengthening compliance.
- Profit and Loss Statements
- Balance Sheet
- Cash Flow Statement
- General Ledger
- Bank Account and GL Reconciliations
- Cash and Credit Card Deposit Verifications
- Inter-Company Accounting
- Fixed Asset Account Management
- Inventory Accounting
- Corporate Consolidation Reporting
- Compliance Reporting
QBSS’s “Procure to Pay” services ensure companies are able to efficiently optimize their working capital. Consequently, business processes are streamlined and smart cash management ensured.
- Mailroom Services
- Invoice Processing and Disbursements
- Approval Workflow
- Vendor Management
- Electronic Invoice Integration
- Statement Research
- Utility Tracking
- Positive Pay
- 1099 Reporting
- W9 Tracking
- Tax and License Processing
- AP Aging Report
QBSS provides an end-to-end solution that provides a holistic view of the “Order to Cash” process. This, in turn, serves to enhance overall operational and financial performance.
- Prepare, Verify, and Dispatch
- Order Management
- Customer Billing
- Customer Inquiries
- Cash Management
- Monitor and Follow-Up for Collections
- Setup and Monitor Customer Master
- Bad Debt Analysis
- Accounts Receivable Reconciliations
- Accounts Receivable Aging Report
We offer practical, prudent and hands-on advisory support, and insights in specific business areas to enhance your agile decision making and critical strategic initiatives planning.
Our services help create a consolidated view of your financial model for acquisition analysis with quality and accuracy.
- Review multiple acquisition targets in one file with sensitivity toggles
- View consolidated P&L and Cash Flow for all selected acquisitions
- See revenue and expense forecasts including monthly/quarterly EBITDA/adjusted EBITDA numbers
- Automatic covenant testing for lenders, such as Leverage Ratios, FCCR, and more
- Include investing activity considertation values into the calculations
- “What If” analysis to evaluate increase/decrease in revenue or cost assumptions and the effect on EBITDA, Net Income, Cash Balances and Financial Covenants
- Identify debt-equity split for debt and equity schedules
- Visuals of key benchmarks such as Revenue, Income, CAGR, Key Ratios and Stock Prices
- Dynamically adjust revolver drawdown based on minimum cash balance to be maintained
- Comparisons of forecast versus actual post acquisition
Our services offer executive-level support and management of finance teams to drive enterprise value.
- Review and identification of opportunities for EBITDA improvement
- Management of budget and forecasting cycles
- Assessing organization and making recommendations for growth
- Preparation for acquisition, merger or exit
- Implementing plans to optimize cash flow
- Providing guidance and oversee due diligence activities for raising capital and attracting investors
- Management of year-end processes and review of year-end closing
- Preparation or management of audit process
- Review and preparation of facility reporting
Our services help systemize your various evaluation and documentation needs with effectiveness.
- Review of existing processes for streamlining and standardization for uncovering automation opportunities
- Providing experienced professionals for developing policies and procedures for startups and other companies
- Documentation of Standard Operating Procedures
- Organization and guidance in updating existing documentation
- Updating backlogged processes, determining the reason for the backlogs with implementation of improvements
QBSS takes care of the complete Human Capital Management and Payroll needs. Our unique approach addresses the employment life cycle from pre-hire to post-retire thus successfully managing your talent while reducing your HR overload. Regardless of your company’s size, our flexible technology and service models streamline processes, improve productivity and simplify administration to help you achieve peak performance.
- Flexibility for Small Business to Enterprise payroll (self-service and managed options)
- Mobile Options for accessing and updating information on-the-go
- Automate the handling of federal withholding and other payroll taxes
- Report Center with access to hundreds of standard reports
- Ability to create, modify, share and customize reports through Report Center as well
- Data exports available for ease of loading data into third-party applications
- Labor distribution and job costing by organization unit or specific job
- Time and attendance tracking solutions fully integrated with payroll
- Automation of data sharing with key systems and vendors (i.e., GL. POS. 401(k), etc)
- Evaluate for HR Administration and compliance
- Review procedures for industry best practices and efficient operations
- Supervise basic HR functions and guidance to management on HR administration
- Provide strategic HR methods in relation to business objectives
- Provide tools and recommendations to enhance organizational culture
- Strategic guidance relating to staff engagement, development, and performance management
- Support creation of compensation philosophy and total rewards package
- Manage, advise and administer employee benefit plans through an HRIS
- Maintain Employee Handbook
- Oversee and facilitate employee on-boarding, talent acquisition, and off-boarding processes
- Act as the HR compliance advisor relating to local, state, and federal labor laws
- Advise on employee relations coaching
- Liaison for management and the Board of Directors.
- Facilitate a transition of electronic HRIS
- Partner with management to facilitate performance management practices
How we give our clients More to Go On, while focusing on lean operations:
See Further
- Enable faster decision making in real-time, with digitally enhanced, compliance ready and accurate reporting delivered within 10 business days
- Gain an end-to-end holistic view through analytical dashboards, reports and benchmarks
Scale Smarter
- Enhance technical and technological capabilities without inflated overheads
- Grow your business without added pressure on your resources or overhead
- Focus on “big-picture” strategies and not back-office operations
- Boost bottom-lines with up to 40-60% reduction in costs
Stand Stronger
- Garner actionable insights from a team of industry experts
- Leverage vertical-specific best practices, while being fully compliant with regulations and tax legislation
Leverage our proprietary tools to gain business insights.
The latest trends and strategies
Latest Articles
Infographics
Vertical experience and authority to
provide domain expertise and benefits
“ To succeed in your business, you have to determine your core competencies and focus your time and energy on your own core business and operational metrics. Our interest is in driving the operational excellence of our restaurants, not handling the burdensome accounting tasks. We serve hot and fresh food with fast and friendly service in clean and safe restaurants. We rely on QBSS to get where we need to be with our financial processing. ”
PRESIDENT & CEO, LARGEST FRANCHISE OPERATOR OF PANCAKE RESTAURANTS
“ We rely on QBSS to help us get to where we need to be with our financial processing. Running a profitable business that attracts repeat customers is up to us. ”
MIDWEST MULTI-LOCATION RESTAURANT FRANCHISEE
“ We have partnered with QBSS since 2009, and could not be more pleased. The team they have assigned to manage our account has been very professional and always willing to help. They have been a great asset in allowing us the ability to manage our business in a much more efficient manner than was ever possible in the past. Specifically their QConnect program has allowed us to review P&L's much easier with the ability to drill down to the actual invoice. When doing our financial review we are now able to have answers immediately instead of having to sort through a stack of paperwork to locate a hard copy of the invoice. We are also now able to review P&L's on a weekly basis resulting in fewer issues when the preliminary monthly P&L is delivered. By reviewing the weekly P&L's, especially near month end, this has helped us eliminate any surprises when we receive the P&L's. QBSS has been able to provide our final P&Ls several days earlier than we were getting in the past, therefore, allowing us to close out the month end sooner. ”
PRESIDENT, LEADING FRANCHISE OPERATOR OF DRIVE-IN RESTAURANTS
“ We contracted with QBSS and handed them a seriously flawed accounting system. A month and a half later, they had us ready to present a credible budget to our Board. One year later, the budgeting process is far easier than it has been. It is the basis for better planning and control than we have ever had, and provides a great deal of comfort for those of us who live with numbers. ”
BOARD CHAIRMAN OF YOUTH ORGANIZATION
“ I’m very pleased with the way QBSS has handled the relationship with our store. Because their staff is familiar with our business, they are able to help us interpret our data and identify trends, and they respond when we need additional information. The current economic climate has presented us with many challenges for controlling costs and maintaining profitability. The experienced staff has provided us with ideas and recommendations that have contributed greatly to helping us protect our bottom line. I would highly recommend QBSS for their professionalism, efficiency and affordability. ”
OWNER, UPSCALE FAMILY-OWNED COMMUNITY SUPERMARKET
“ Our project implementation and transition was quite smooth. QBSS always responded well whenever there was an issue to be sorted out. ”
A LEADING CLOTHING MANUFACTURER
“ I've always been pleased with Quatrro because their people are very supportive and are always willing to listen. Their accountant also takes the initiative and calls us with her questions or suggestions. I also feel that Quatrro understands our needs as an independent store. For example, the layout of their reports is easy to follow and works well with Auto Parts Industry. ”
