FINANCE AND ACCOUNTING OUTSOURCING SERVICES

Focus on Business Strategies and Address Challenges Pertaining to Finance and Accounting

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 help:

  • 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.

Finance & Accounting

Our services improve the Financial Reporting 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

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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

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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

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Business Improvement

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 profit and loss 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, etc
  • Include investing activity considertation values into the calculations
  • Analysis to evaluate an increase or 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
  • A consolidated view 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

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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

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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

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Payroll & HCM

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.

  • Evaluation of HR administration and compliance supervise basic functions and guidance to  management of the HR administration
  • 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

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  • Manage, advise and administer employee benefit plans through an HRIS
  • Maintain an employee handbook
  • Oversee and facilitate employee on-boarding, talent acquisition, and off-boarding processes
  • Function as an 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
  • Managed Payroll

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  • Executive Search
  • Executive Coaching and Development
  • Retained Talent Acquisition Search
  • Leader Coaching and Development
  • Organizational Development
  • Individual Coaching and Development

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Get more to go on

How Our Clients Get 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

Latest Insights

Latest Trends and Strategies

Latest Videos

Company Profile

QBSS Corporate Video

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Decoding See Further

DECODING GET MORE TO GO ON

Decoding ‘GMTGO’

Client Stories

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Even Those Doing God’s Work Need Help Sometimes

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Expanding Housing Means More Complexities

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Setting Up an Accounting Team From Scratch

Marketing Collaterals

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Finance & Accounting Services

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Frequently Asked Questions

What are Outsourced Accounting Services?
Outsourced accounting is the hiring of a third party (outside the company) to complete the organization’s finance and accounting functions. Outsourced accounting services encompass a range of finance functions, including; bookkeeping services, financial reporting, management reporting, tax services, accounts payable, accounts receivable, etc.
What do Outsourced Accounting Service Providers Do?

Outsourced accounting service providers enable a business to reduce overhead expenses, increase efficiency and make more informed business decisions. Accounting functions that are commonly outsourced are:

Accounts Payable/Accounts Receivable: Outsourcing the accounts payable and accounts receivable functions enables an organization to focus on the strategy of their cash flow rather than actually having to focus on the transactional work of processing and collecting, or paying, invoices.

Bookkeeping Services: Outsourcing this service gives the company access to reliable and accurate financial reports based on the transactional data entered throughout the period, which improves e financial data visibility for informed decision-making.

Enhanced Financial Reporting: By outsourcing finance and accounting functions, the business can leverage expert and timely advice from the service provider, on reports outside of the standard monthly financials including reporting around budgeting, benchmarking and trend reporting. These additional reports provide enhanced support for business strategy and decision-making.

Controller Services: Outsourcing this component of the finance and accounting work can bring enhanced expertise around audit preparedness and financial reporting - all of which provide insights into the financial health of the business.

Financial Planning: An outsourced accounting team can complete regular cash audit and budget tracking tasks that an in-house accounting team is often pulled away from completing on a regular basis. All of these activities allow the business leaders to better forecast future costs and revenues which lead to being able to make better-informed decisions about the future of the business.

Tax Services: This generally includes tax preparation and filing of sales and use tax as well as property tax and income tax, in order to ensure regulatory compliance and maximized tax benefits.

Is Outsourced Accounting Services Good for Small Businesses?

Outsourcing finance and accounting functions accrues a varietyof benefits to businesses, no matter the size:

Access to Accounting Experts: Partnering with a business process service provider with deep industry knowledge and expertise, the business’ books are always accurate, compliant and completed on time, with minimal risk of penalties or regulatory noncompliance.

Ease of Scaling Up the Business: Outsourced accounting services can ensure the business is able to scale-up back-office services with ease as the business grows and without any lag.

Access to Real-Time Information: A dedicated team of experts ensures that the company has real-time access to financial reports, allowing the leaders to make agile business decisions based on actionable and reliable data.

A Proactive Approach: An outsourced accounting team stays proactive and is able to identify and highlight potential threats and challenges as well. This, in turn, ensures financial reporting is more accurate and intelligent.

Why Partner with QBSS for Outsourced Accounting Services?

Quatrro’s finance and accounting services enables customers to have better financial control through streamlined processes sharper insights for healthy cash flow, the right people and technology to drive long-term growth.

Quatrro’s dedicated team of professionals brings decades of industry expertise and best practices in three primary domains: finance and accounting; business improvement and human resource services.

Now you have a way to get more to go on. Reach out to us.

Request a Demo