Outsourced Accounting Teams to Support Your Company
What is outsourced accounting? Outsourced Accounting provides a full-scaled accounting department for small businesses which includes a Staff Accountant, Accounting Manager, Controller, and CFO. The accounting team handles the day-to-day transactions, accounts payable, accounts receivable, payroll, management financial reporting, and other services that are critical to the success of the business. Our outsourced accounting services are different from a traditional bookkeeping service or CPA firm.
Why Do Companies Outsource Their Accounting?
There are many reasons why companies choose to outsource. Some of these reasons include avoiding the risk of employee turnover and costs of hiring more employees, and to gain access to outside expertise that they could not afford otherwise. Companies who choose to outsource are focused on improving the overall performance of the growing business by looking at the financial data and financial reports of how the business is actually performing.
At TGG outsource accounting company, we work alongside companies to understand their goals so their assigned outsourced team can provide a tailored accounting solution.
Learn how an Outsourced Accounting Partner can help you grow
Outsourced Accounting Teams – Why They Work
For Companies with Internal Accounting Staff
An outsourced accounting team does not have to be a replacement for your internal team. Many businesses are concerned that they already have a bookkeeper or a small accounting team and that this may prohibit a relationship with an outsourced accounting firm. Quite the contrary, we enjoy the partnership with your internal people and aim to support them through teamwork and excellence in financial management.
For Companies Looking to Outsource Their Entire Accounting Department
The TGG Way™ provides a team of 4 experienced financial professionals to every client. With this team we can be your entire accounting team. The TGG teams are comprised of a CFO, Controller, Accounting Manager and Staff Accountant. Weekly reports close the loop with stakeholders allowing for full financial transparency.
Benefits Of Outsourced Accounting
INCREASE PROFITABILITY
We help you improve financial performance by providing an insightful monthly financial package coupled with expert guidance on how to use that information to achieve profitable business growth.
SCALABILITY
We provide support as either your full internal accounting department or by partnering with your existing team to fill in the gaps and provide confidence in your company’s reporting.
REDUCE RISK
Having a dedicated four-person accounting team outside of your business reduces your risk of fraud, and increases accountability, by incorporating proper internal controls.
ENSURE ACCURACY
With the TGG team approach, our clients receive unmatched accuracy to increase business valuation, lower the chance of overpaying taxes, increase gross profit margins, reduce audit and regulatory risk, while increasing confidence in the numbers.
Other benefits include:
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More time and Freedom
If you are currently owning your reporting, free up your time to focus on more important matters. We can take care of this side of the business while you take care of the rest.
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Reduce Costs
Outsourcing your accounting allows you to surpass new hire training costs. Your team of experts is equipped with the necessary skills right out of the gate.
Why Consider a Remote Accounting and Finance Team
An outsourced finance team offers numerous advantages that help businesses thrive in a competitive landscape. One key benefit is cost savings—companies with a financial outsourcing team can access expert-level financial services without the expenses of full-time hires, office space, or training. This model also provides scalability, allowing businesses to easily adjust the level of financial support as they grow. With specialized professionals, such as CFOs and Controllers, working remotely, companies gain deeper insights through accurate financial reporting, cash flow management, and forecasting. Remote outsourced accounting teams ensure continuity by reducing risks associated with employee turnover and absence while also leveraging cloud-based tools for secure, real-time collaboration. This flexibility empowers businesses to focus on growth, knowing their financial operations are handled by a reliable, professional team, no matter where they are.
The TGG Way™: Your Superior Accounting Outsourcing Company
We use an objective and measurable system for implementing accounting best practices and quality control. Our professionals bring you superior finance and accounting acumen and experience to ensure your business operations are at optimum efficiency to increase profitability, reduce risk and maximize value.
Lowered Risk of Fraud
With internal team members paying bills and accessing financials without oversight, there is always a risk of theft and fraud. An outsourced accounting firm is accountable not only to each other, to their own CEO but also to your company’s C-suite and management. By outsourcing your accounting, you significantly reduce the risk of internal fraud.
Excellence Based on Years of Experience
The team at TGG has 20+ years of experience building out the TGG Way™. Our processes work because we implement structures onto which all reporting can be scaffolded. Our CFOs, Controllers and Accountants have all been trained in the TGG Way™ and adhere to the highest reporting standards. We insist on it, they rely on it, and you benefit from it.
Systems That Work
The TGG Way™ is a system based on the financial reporting and excellence that allows the largest and most successful companies in the world to thrive. We implement strict reporting standards and hold our team to the highest GAAP compliance standards, so you can focus on your company’s growth and success.
Signs Your Company is a Good Fit for an Outsourced Accounting Team
- You are in a stage of rapid growth.
- You feel you have an under qualified accounting or bookkeeping team.
- You are preparing for an exit.
- You have a lack of certainty around accuracy with your current financials.
What Is an Outsourced Accounting Department?
An outsourced accounting department is when a business hires an external team to manage tasks like bookkeeping, payroll, taxes, and financial reporting. This option is popular among small and medium-sized businesses because it saves money compared to hiring in-house staff.
Outsourced accounting teams allow companies to focus on core activities while ensuring financial tasks are handled by experts using the latest tools and practices. Providers often follow strict data protection policies to keep information secure. With cloud-based systems and remote work becoming common, outsourced accounting teams offer flexibility, cost savings, and accurate financial management to help businesses stay organized and grow.
What Accounting Services Does TGG Offer?
Our Accounting Department Responsibilities
Outsourcing accounting for small business owners is a game-changer when it comes to efficiency and cost-savings. TGG offers a variety of financial and accounting services for small to medium-sized businesses. These include, but are not limited to:
WHAT IS THE ROLE OF AN OUTSOURCED ACCOUNTING MANAGER VS A CONTROLLER?
Do you need an accounting manager vs. controller? Accounting managers and controllers have separate yet related responsibilities. An accounting manager is responsible for delivering complete, accurate, and timely financial statements to the controller. The controller analyzes and interprets these statements before communicating their content in a way that the rest of your leadership team can understand.
This means that an accounting manager is well-equipped to prepare accurate financial data, but a controller will aid you in making data-driven decisions that propel your company forward. That’s why at TGG, an outsourced controller (TX) serves as the client lead to help you align your company vision with your finances.
DO WE OFFER CFO AND CONTROLLER SERVICES?
TGG offers both outsourced CFO and controller services. Outsourcing controller services can help you achieve strategic insights into various parts of your organization’s financial management. But an outsourced CFO can provide a comprehensive analysis of your company’s financial health, which can guide your decisions for the future.
Most typically, consulting controllers serve as the client leads at TGG. These financial professionals aim to increase your organizational efficiency and deliver a new standard of excellence. And by outsourcing your CFO and controller services to us, you’ll get access to industry-leading expertise at a fraction of the cost of a full-time employee.HOW CAN TGG HELP YOU IMPROVE YOUR BUSINESS PLANNING?
The best decisions depend on data. That’s why TGG emphasizes delivering timely, actionable financial reports, cash flow forecasts, and more. These insights will give you a better understanding of your company’s past, present, and future financial performance so that you can plan your business goals accordingly.
But data is just the start. By partnering with a team of financial experts, you’ll benefit from our unique knowledge and skills. A consulting controller can help you make sense of your most valuable data so that you can make the most informed decisions for your business.
