ABA Tax Accounting Finance and Accounting Outsourcing Services
ABA Tax Accounting Finance & Accounting Outsourcing provides companies with high performance within finance. Outsourcing finance and accounting presents a series of unique challenges that require expertise and sophisticated technology. The competitive advantage in every industry goes to those financial managers who strategically leverage lower costs and streamline their business processes. Equally, this must be balanced with ensuring compliance with GAAP, IFRS and the Sarbanes-Oxley Act.
The task of the Chief Finance Officer and other finance executives has changed drastically with the constant effort companies are employing, seeking to align company objectives with finances. Aside from fulfilling the tasks expected of CFO’s, controllers and finance executives, they are also being expected to contribute to the enhancement of the company, by driving down costs while improving efficiency.
By outsourcing certain finance and accounting functions your company can gain the necessary room for innovation that you need in order to cut on costs, while improving internal controls, and thus driving a transformation of your finance and accounting operations. ABA Tax Accounting is ready, willing and able to assist you in performing finance and accounting services which include:
• General Accounting and Bookkeeping
• Accounts Payable
• Accounts Receivable
• Tax Return Preparation Service
• Outsourced Staffing Service
You would realize a range of benefits by outsourcing your finance and accounting outsourcing needs with ABA Tax Accounting. We understand that your requirements are unique, and we work with you to ensure our solutions achieve your business objectives.
General Accounting and Bookkeeping Outsourcing
Accurate and timely bookkeeping and maintenance of various day to day accounting books in order to record financial transactions such as sales, purchases, income and payments is essential in running a business. A simple data entry error can have a significant effect on the financial statement. Therefore, decisions made based on wrong numbers will definitely have a negative impact on your company. An effective accounting and bookkeeping process must be able to track and maintain your income and expenses as well as collect the necessary financial information for your various tax returns. We offer accounting and bookkeeping services including Bank Reconciliation services among others.
Accounts Payable Outsourcing
Accounts payable (A/P) or payables is an important function in finance and accounting. Your company’s ability to track and maintain payment obligations for various different transactions can affect your standing as a business as well as your credit rating. Prompt payments to your vendors can ensure prompt delivery of goods or services that you need in order to be able to deliver the best products and services to your clientele. Prompt payment also ensures that you keep costs at a minimum, avoiding costly fees such as late payment fees being deducted from your budget. Thus it is important to have an efficient and reliable accounts payables process in place which ensures that you can keep track of all your transactions and payments that you need to make every single day. ABA Tax Accounting’s accounts payable outsourcing services include but are not limited to:
• Purchase Order Matching and Entry
• Check Preparation
• Travel and Expense Claims Processing
• Credit Card Processing
• Vendor Master Maintenance Service
• Tax Preparation and Filing
• Insurance Claims Processing
Accounts Receivable Outsourcing
Managing accounts receivables (A/R) or receivables efficiently is a requirement for every company. But time constraints and a need of manpower and other resources may place pressure on a company seeking not just an efficient accounts receivable process, but also continuous growth centered on innovation. By outsourcing accounts receivable processing, business managers are able to focus on core business tasks while simultaneously trimming costs of finance and accounting, and boosting the company’s productivity and profitability. With ABA Tax Accounting’s reliable accounts receivable outsourcing services we can assist your company at any point in your accounts receivable process including:
• Sales Order Processing
• Invoice Processing
• Accounts Receivable Collection
• Accounts Receivable Custom Reporting
Outsourced Tax Return Preparation Services
CPAs and Accounting firms find it very difficult to handle the hectic client demand during the tax season. For these reasons they are discovering that outsourcing these back office functions saves payroll and other overhead costs and frees up valuable time. More and more accounting firms are opting for outsourcing tax return preparation to help minimize operating costs, maximize efficiency and gain competitive advantages. ABA will prepare your tax return and provide you with the finished files. Using ABA to outsource the tax return preparation process is simple. Scan and upload, or fax the source documents to ABA. Our outsourced Tax Preparation Services are supervised by EAs or CPAs. All types of tax returns are processed by ABA for businesses and accounting firms including:
• Individual Tax Preparation – Form 1040
• Business Tax Preparation – Form 1065, 1120, 1120s, 1041, 990
Outsourced Staffing Services
ABA Tax Accounting can provide any number of CFOs, Controllers, Staff Accountants or Bookkeepers on demand at the shortest notice, with a minimum of four hours per day, for any number of hours per week or per month. Beyond the high quality professional services rendered there is a vested advantage to your company as these services come devoid of any employment benefits to your company. Outsourcing saves money, eases workload, and gets you the know-how you need when you need it most.
ABA Tax Accounting provides customized, high-quality, cost effective and 100% U.S. based finance and accounting outsourcing solutions for Accountants / CPA firms as well as other small, medium, large businesses, non-profit organizations, and federal, state, local governments who do not want to have a large in-house accounting team. Our aim is to reduce the burden of “behind the scene” functions of businesses so that they can focus on their core revenue generating roles.
By partnering with ABA Tax Accounting, you can focus on growing your business while we take care of the rest. We can help you divest yourself of the headaches associated with managing your financial information. We can make sure that your books are always in order and that you receive the necessary financial reports, thereby improving your profits. At ABA Tax Accounting, we develop Dedicated Operating Teams which act and operate as if they are an internal department of your company without the risks and costs of setting your own office.
Do you want to build your revenue, reduce your expenses and expand your capabilities at the same time? Do you want to get access to highly skilled resources and significant cost savings? Do you want to concentrate more on your core business? Do you worry about HR, workplace, or facility issues that commonly derail expansion programs? ABA Tax Accounting outsourcing will give you a competitive advantage and provide numerous outsourcing benefits, including:
• Reduction in expenditures
One of the biggest reasons why businesses seek an outsourcing partner is in order to lower overhead costs and expenses. Immediate savings to the client are derived from the ABA Tax Accounting lower cost in wages, benefits, and operational expenses.
• Ability to refocus on your bottom line
By outsourcing to ABA Tax Accounting the non core activities you are effectively realigning your whole company’s operations towards activities that help grow your business. Whether this would be product development, sales, services and other activities, having an outsourcing partner that will drive non-core activities for you will help you achieve your targets and improve your bottom line.
• Diversification and expansion of your talent pool
ABA Tax Accounting outsourcing affords you with a bigger talent pool from which to build your teams. For start-ups, outsourcing would give you access to skilled and experienced employees who can assist you with building your business. For medium sized companies building an outsourced team to complement an existing team would allow greater flexibility and would increase capabilities in their market.
• Increased control over business outcomes
ABA Tax Accounting outsourcing gives companies the ability to manage and organize business results in a variety of critical areas, including increasing reliability, improving cost variability and allowing effective planning and implementation of ideas.
• Improved adaptability to changing environments
The diversification of a company toward an outsourced vendor helps share risk. It allows companies to apply strategies and modifications at a faster and more controlled rate.
Why Outsource with ABA Tax Accounting?
While the concept of outsourcing is simple, finding an outsourcing partner whom you would actually rely on and trust to help you build and grow your business is another story. By outsourcing with ABA Tax Accounting you not only gain the benefits above, but you also gain a reliable and trusted outsourcing partner who will treat your business like its own. We gain our clients trust by working with them and adapting with them as their business grows and their requirements change.
How it works
Quite simple, really! An accounting system is eventually about various business documents being listed, processed to certain business rules and updated into books of accounts. You get a high speed scanner and get all business documents (purchase orders, supplier invoices, goods arrival reports, sales orders, delivery reports, sales invoices, collections, payments, expense reports, payroll inputs) scanned and stored into our secured and the state of the art CyberCabinet.
Why offshore while you can outsource onshore for about the same amount and create jobs here in the USA! If you want to get started utilizing ABA Tax Accounting Outsourcing Solution, please call us today at toll free 866-936-0430 or email firstname.lastname@example.org.