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Outsourcing your accounting can have a variety of benefits for your business, including:
These are just a few of the perks of using our outsourced accounting service. In addition, working with an outsourced accountant or CFO can provide auxiliary support to your existing financial team.
The ideal accounting department should have the experience, margin, and manpower to meet all of your business’s specific needs. If you’re having trouble scaling your business, are scaling faster than you can handle, or need temporary additional financial services, an outsourced accounting team can be incredibly helpful.
In addition, our CEO Matt Garrett recommends outsourcing any financial team role that is less than 25 hours per week. Thanks to the pandemic, Matt says it’s easier than ever to find high-quality outsourced financial personnel who provide high-quality work with integrity.
Matt Garrett, TGG’s CEO, says that every financial service has the potential to be outsourced. For example, the overwhelming majority of businesses outsource their banking, CPA services, and more. In some cases, outsourcing these services is legally necessary to keep your business working above board.
In addition to these services, you can also outsource your accounting team. TGG-Accounting offers outsourced accounting services that function as extensions of your in-house staff. Our outsourced financial professionals can help you optimize your expenses, strategize to maximize your profits, and even work alongside a fully-outsourced CFO.
To learn more about outsourcing your accounting with TGG, check out this video from our CEO, Matt Garrett.
The cost of outsourcing your accounting can vary depending on the personnel you hire and their rates. For example, a CFO may charge up to $500 hourly for their services to your company. In contrast, an outsourced accountant working around 25 per week may require a comparatively small monthly fee.
Thanks to the TGG Way, you can count on our outsourced financial team to be a worthwhile investment. All of our outsourced financial professionals work with integrity, efficiency, and a real investment in your business’s success.
At TGG, we offer four levels of service to all of our clients:
Each of these roles benefits your company in different ways, but not all of them may be necessary for your business. For example, if you run a small business, you may do perfectly well with a staff accountant assisting you. On the other hand, a rapidly growing company can greatly benefit from all four of our levels of service.
An outsourced accounting company may be able to handle payroll and tax preparation for your business. However, not all outsourced accounting firms offer these services. It’s important to make sure that you know what’s on offer to you and your business before choosing an accounting firm to work with.
At TGG, we offer help with staffing and recruiting, which can get ideal candidates in your doors for roles like CFO, accounting manager, and more. If you’re looking for an in-house employee to manage payroll, tax preparation, and more, we can help.
You always have the option of discontinuing your services with an outsourced accounting company and bringing your accounting back in-house. However, it’s important to be prepared for the added responsibility of in-house financial work. We recommend taking a preparatory course, such as our TGG University program, to become fully prepared for the added responsibility.
In addition, if you’re ready to add a full-time, in-house financial staff to your business, we can help you with recruiting and hiring. As mentioned above, we’re pros at finding the ideal candidates to join your team in the long-term. We can help you find hires for all of the following positions:
To learn more about our accounting staffing and recruiting services, click here.
While it is possible in some cases to work with an outsourced accounting team in India or elsewhere, we don’t recommend it. Working with a stateside team tends to mean better communication, more accountability and integrity, and faster turnaround times.
While some foreign accounting agencies boast low rates for their services, this often means a compromise in quality. When you work with TGG, you never need to worry about this trade-off. We do all of our work with clear communication and full transparency, which often are the exception, not the rule, with overseas accounting agencies.
If you’re considering an overseas financial team, we advise against it; it’s always a better investment to work with a trusted American company like TGG.