Small and medium sized businesses are usually at a crossroads when it comes to their bookkeeping and accounting, especially if they’re growing. “Should we hire a Controller or should we try to do it ourselves?”
There’s a third option that gets frequently overlooked: outsourced accounting services.
Outsourced accounting didn’t really exist ten years ago, but small businesses are turning to full-service outsourced accounting firms more often to increase efficiency, add professionalism and save time and money.
Most business owners assume that having an in-house bookkeeper, Controller, or CFO who can pay bills, run payroll and manage company finances is the best scenario for their business. They believe having a person down the hall will ensure they have a clear view of the company’s financial position, but this isn’t always the best solution.
In this post, we’ll explain why having access to greater financial expertise can be game-changing for small businesses looking to grow.
R&D Tax Credits: What You Need to Know
Learn about R&D Tax Credits, including eligibility, benefits, and the claiming process. Find out how TGG Accounting can help maximize your tax savings and more.
Purchase Price Allocation: Everything You Need to Know
Learn about Purchase Price Allocation, its importance, benefits, and how TGG Accounting can help you navigate this critical financial process.
What Is Close Management Software?
Optimize your financial close process with close management software. Enhance efficiency, accuracy, and compliance with our comprehensive solution. Learn more.
Our Guide to Automation in Accounting
Explore the benefits of accounting automation in our guide. Learn how to streamline processes, enhance accuracy, and boost productivity in your business.
What is Days Inventory Outstanding (DIO): Definition, Calculation & Formula
Verify your accountant’s work for accuracy & reliability. Check for errors, communication, & adherence to deadlines. Ensure your financial stability.
How To Calculate Adjusted EBITDA
Verify your accountant’s work for accuracy & reliability. Check for errors, communication, & adherence to deadlines. Ensure your financial stability.
Top Line vs. Bottom Line: Definitions, Differences & Examples
Verify your accountant’s work for accuracy & reliability. Check for errors, communication, & adherence to deadlines. Ensure your financial stability.
EBITDA in Finance: Everything You Need To Know
Verify your accountant’s work for accuracy & reliability. Check for errors, communication, & adherence to deadlines. Ensure your financial stability.
Operating Income vs. EBITDA: Definitions, Formulas & Examples
Verify your accountant’s work for accuracy & reliability. Check for errors, communication, & adherence to deadlines. Ensure your financial stability.
How To Check On My Accountant’s Work
Verify your accountant’s work for accuracy & reliability. Check for errors, communication, & adherence to deadlines. Ensure your financial stability.
How to Become a CFO: Your Essential Guide
Learn the steps to becoming a CFO and elevate your career in finance. Start your journey to financial leadership today.
TGG Accounting’s Remote Work Revolution: Navigating the Changing Landscape of Work
Remote work is the new norm across various industries. Learn how it has catalyzed a revolution in how TGG Accounting operates and collaborates.
How Can You Audit Your Own Accounting Department?
Learn how to effectively audit your accounting department with expert tips and guidance. Ensure accuracy and compliance for business success.
How to Outsource Accounts Payable & Receivable
Explore the benefits of outsourcing financial services domestically without offshoring. Discover top outsourced accounting companies in the USA.
Outsourcing vs Offshoring: Why You Should Choose Outsourcing Instead
Explore the benefits of outsourcing financial services domestically without offshoring. Discover top outsourced accounting companies in the USA.
How Can You Audit Your Own Accounting Department?
Learn how to effectively audit your accounting department with expert tips and guidance. Ensure accuracy and compliance for business success.
Mastering Restaurant Cash Flow: Essential Management Tips for Success
Discover key strategies for effective restaurant cash flow management to ensure operational stability, growth, and long-term success in the industry.
OUTSOURCED ACCOUNTING VS HIRING IN-HOUSE: WHAT BUSINESS OWNERS SHOULD KNOW
Small and medium sized businesses are usually at a crossroads when it comes to their bookkeeping and accounting, especially if they’re growing. “Should we hire a Controller or should we try to do it ourselves?”
There’s a third option that gets frequently overlooked: outsourced accounting services.
Outsourced accounting didn’t really exist ten years ago, but small businesses are turning to full-service outsourced accounting firms more often to increase efficiency, add professionalism and save time and money.
Most business owners assume that having an in-house bookkeeper, Controller, or CFO who can pay bills, run payroll and manage company finances is the best scenario for their business. They believe having a person down the hall will ensure they have a clear view of the company’s financial position, but this isn’t always the best solution.
In this post, we’ll explain why having access to greater financial expertise can be game-changing for small businesses looking to grow.
Cash Flow Forecasting Software: An In-Depth Exploration
This guide helps you better understand cash flow forecasting software and its benefits, limitations, and how it can help you elevate your cash flow forecasting capabilities.
Financial Consolidation Explained
Understanding financial consolidation helps you maintain accuracy, compliance, and efficiency in your financial reporting.
Statement of Operations vs Income Statement
Read below for a clear explanation of an income statement vs. a statement of operations.
Operating Working Capital: A Comprehensive Guide
As a business owner, you need a clear understanding of working capital and how it applies to your company’s financial situation. We’re here to explain everything you need to know about this key financial metric and its helpful applications for your company.
Understanding What an Exit Plan Is & Its Importance
What is an exit plan? It’s a question any business owner should be able to answer. Below is a quick and simple definition.
Most Important Financial Ratios: Your Guide & Insights
Navigating the complex world of business finance requires a deep understanding of financial ratios. These ratios serve as vital indicators, providing insights into various aspects of a company’s financial health and performance.
How Is Free Cash Flow Calculated?
This detailed guide teaches you everything you need to know about a specific form of cash flow — Free Cash Flow (FCF). Read below for a helpful definition, tips for financial stability, and more.
Understanding Financial Analysis: Your Guide to Mastery and TGG’s Expertise
Financial analysis delves into a company’s viability, stability, and profitability. The process is something like a health check-up for businesses — you examine your company’s financial statements the way a doctor looks at vital signs.
How to Improve Cash Flow: What You Should Know
In this detailed guide, we’ll show you how to improve cash flow and get you acquainted with our unique strategy for maximizing your long-term profits and keeping your business stable and healthy.
Understanding What Cash Flow Is: A Comprehensive Guide with TGG
Running a business and handling company finances can be a challenge, but knowing how to measure, predict, and modify your cash flow makes your work easier. In this guide, we’ll answer common questions about cash flow, show you why it matters for your business, and help you accurately predict yours.
Cash Flow Forecasting Models: What To Know
Read below to learn everything you need to know about accurately predicting your cash flow and how our expertise in business finance consulting can be a game-changing asset for your business.
TGG Client Spotlight: RMS
RMS is one of our favorite long-term clients. We’re consistently impressed by their team and the way they’re changing their industry.