Top 5 Outsourced Accounting Firms for CPAs

Top 5 Outsourced Accounting Firms for CPAs

Top 5 Outsourced Accounting Firms for CPAs

  • 25 Sep, 2024

Key Highlights

  • Find the best outsourced accounting firms that help CPAs manage their work better.

  • Learn about the advantages of outsourcing, like special skills and modern technology.

  • Get tips on how to choose the right outsourcing partner for your firm's needs.

  • Discover the savings and flexibility that come with outsourced accounting solutions.

  • Discuss common worries and recognize the risks that come with outsourcing accounting services.

Introduction

Hey! Let's talk about how CPAs are changing things up in 2024. The financial world is always changing, right? So, CPAs are looking for smart ways to do better work and help their clients more. That's where outsourced accounting comes in “ it's been a real game-changer!

Outsourcing helps CPAs do more, spend less, and focus on what really matters—delivering awesome service to their clients. Instead of juggling every in-house task, they can simplify operations by handing off time-consuming back office work. Pretty cool, huh? In this blog, we’re gonna check out the top 5 finance and accounting outsourcing firms that are helping CPAs handle all the wild stuff in finance these days and grow their businesses.

Exploring the Top 5 Outsourced Accounting Firms for CPAs in 2024

Top 5 Outsourced Accounting Firms for CPAs

So, why should CPAs team up with these outsourced firms? Well, it's like having a super-smart friend who's great at math! These firms can do all sorts of things like bookkeeping, taxes, audit support services, and even give advice like a CFO. They're flexible too “ they can change their services to fit what each CPA needs.

We're gonna look at the top 5 firms for 2024. This info will help CPAs figure out which one's the best fit for them. Each firm has its own special skills and cool tech, so CPAs can find the perfect partner to make their business better and more successful.

It's like picking the right teammate for a school project “ you want someone who's good at the stuff you need help with, right? Same idea here! Let's dive in and see what these top firms have to offer!

Outsourced Accounting Firms

  • Globus Finanza

  • Bench Accounting

  • CliftonLarsonAllen Accounting

  • Mossadams

  • Indinero

1. Globus Finanza: Outsourced Accounting firms for CPAs

Globus Finanza is a top provider of professional services. They offer a full range of accounting solutions designed for the unique needs of CPAs. With offices around the world and a skilled team, Globus Finanza provides great financial management support. This helps CPAs focus on their main skills and give excellent service to their clients.

Their experienced accountants and financial experts know the best practices in the industry. This ensures accuracy, compliance, security, and helpful financial insights.

Globus Finanza supports you with any accounting function, such as small business accounting, bookkeeping, tax compliance, and financial reporting. They work seamlessly with your team to provide reliable, scalable, and cost-effective accounting solutions.

Service Category Services Offered Estimated Pricing (Monthly)
Bookkeeping Financial transactions recording, general ledger maintenance, cash flow management, account reconciliation (based on transaction volume)
Payroll Management Payroll processing, tax filings, employee payments, compliance with federal and state regulations Starts at $100 (based on employee count)
Tax Services Tax return preparation (Individual, Partnership, LLC, Corporation, Public Charity & Private Foundation), tax planning Varies (based on complexity) (Pay per return or Hourly basis)
Financial Reporting Periodic financial statement preparation, profit and loss, balance sheet, customized reporting (based on reporting frequency)
 Accounts Receivables Management Invoicing, collections management, credit analysis Custom pricing (based on receivables volume)
Accounts Payables Management Vendor payments, bill processing, expense tracking (based on volume)
Audit Services Audit, support services, review, compilation, audit preparation Custom pricing (based on audit scope)
Advisory Services Virtual CFO, business valuation, financial modeling, cost analysis Custom pricing (based on complexity)

Globus Finanza's Features

  • Advanced financial analytics with industry-specific insights and KPI tracking.

  • Flexible service schedules: daily, weekly, or monthly with real-time adjustments.

  • Seamless integration with all major financial software and custom ERP systems.

  • Global team of experts available 24/7, with specialized industry knowledge.

  • Comprehensive services: bookkeeping, tax, CFO advisory, and Audit support service.

  • Cutting-edge cybersecurity to protect financial data and ISO Certified company.

  • User-friendly client portal connected through remote desktop.

  • Continuous learning through webinars, training, and resource library access.

  • Specialized in QuickBooks, Xero, NetSuite, and all major accounting platforms.

  • Customizable service packages to fit unique business needs.

  • 120% money-back guarantee and innovative pricing options.

2. Bench Accounting: Personalized Service for Every CPA

Bench Accounting changes the game for outsourced accounting by giving a personal touch. They provide CPAs with dedicated accounting teams and custom technology tools. This helps to make workflows smoother and improve efficiency.

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Besides the main accounting services, Bench Accounting also offers helpful advisory services. They assist CPAs with financial planning, growth strategies, and improving business processes.

Their focus on a smooth client experience, strong technology, and personalized help has made Bench Accounting a trusted partner. CPAs looking to boost their practice and grow sustainably can count on their support.

Service Category

Services Offered

Estimated Pricing (Monthly)

Bookkeeping

Monthly bookkeeping, financial statements (P&L, balance sheet), income statement, tax-ready financials

Starts at $300 (based on transaction volume)

Payroll Management

Includes all Essential Plan services + unlimited tax advisory, tax filing, and one-on-one support with tax experts

Starts at $200 (based on employee count)

Tax Services

Specialized plan for businesses behind on bookkeeping; includes organizing past financials, filing historical taxes

Varies (based on complexity)

Financial Reporting

Payroll integration, invoicing integration, financial insights dashboard

Starts at $400 (based on reporting frequency)

Bench Accounting's Features

  • Detailed financial reports, including profit and loss statements.

  • Catch-up bookkeeping for previous months.

  • Year-end tax filing assistance.

  • Cash-basis bookkeeping as standard.

  • Real-time financial data tracking.

3. CliftonLarsonAllen: Accounting Support for CPAs

CliftonLarsonAllen makes accounting easier for CPAs. It offers a full range of services that help with tax compliance, connects with accounting software, and provides accurate financial reporting.

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They use technology to automate tasks. This helps improve accuracy and makes things clear for CPAs. This way, professionals can handle their work better and give clients timely, reliable financial insights.

CliftonLarsonAllen has a team of skilled accountants. They offer personalized support to help CPAs with complex accounting processes and ensure they follow industry standards.

Service Category

Services Offered

Estimated Pricing (Monthly)

Outsourcing Services

Outsourced CFO, controller services, accounting, finance transformation, accounts payable/receivable

Custom pricing based on services

Audit & Assurance

Financial statement audits, reviews, compilations, employee benefit plan audits, internal audits

Varies (based on scope and business size)

Tax Services

Tax planning, tax return preparation, tax compliance, R&D tax credits, state & local tax, international tax

Varies (complexity and size)

Advisory Services

Mergers & acquisitions, business valuations, transaction advisory, cybersecurity, IT consulting

Custom based on project and services

Wealth Advisory

Investment planning, retirement planning, estate planning, risk management

Varies (based on portfolio size)

Industry-Specific Services

Specialization in industries like healthcare, real estate, manufacturing, construction, nonprofits, etc.

Tailored pricing for each industry

CliftonLarsonAllen's Features

  • Outsource part-time or full-time professionals, including staff accountants, controllers, and consulting CFOs.

  • Staff accountant services cover accounts receivable/payable (AR/AP), reconciliations, payroll, HR, monthly closings, and sales tax compliance.

  • Controller-level services provide back-office accounting support for accounting software selection, financial forecasting, tax management, and financial statement preparation.

  • Partner with industry-specific experts who understand your unique business requirements.

  • Receive on-site or remote assistance tailored to your business's location.

4. Mossadams: Comprehensive Support for CPAs

Mossadams helps CPAs by offering complete support for their accounting department. This includes preparing and analyzing financial statements, providing CFO services, and helping with strategic financial planning.

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Their skilled team works as part of your firm. This means you can avoid busywork and concentrate on important client work.

With Mossadams, CPAs can tap into lots of knowledge and experience. This helps them improve their financial operations, make smart business decisions, and reach their growth goals.

Service Category Services Offered Estimated Pricing (Monthly)
Audit & Assurance Financial statement audits, reviews, compilations, employee benefit plan audits Varies based on scope
Tax Services Corporate tax planning, compliance, state & local tax, international tax, R&D credits Varies based on client size
Consulting Services Business consulting, IT consulting, transaction services, cybersecurity Custom based on project
Wealth Management Investment advisory, estate planning, retirement planning Varies based on portfolio size
Risk Management Internal audit, fraud prevention, regulatory compliance Varies based on engagemen

Mossadams's Features

  • Tailor your engagement plan to only pay for the specific services you require.

  • Collaborate with a dedicated team, including a staff accountant, manager, controller, and CFO.

  • Reconciliation, AP and AR, tax, payroll, audit, and financial planning services.

  • All accountants are experts in U.S. accounting standards.

  • Highly flexible plans that can be adjusted as frequently as on a monthly basis.

5. Indinero: Flexible Accounting Expertise for CPAs

Indinero is a great option for businesses looking for outsourced accounting services. They use cloud-based accounting and tax software to provide a wide range of financial management services to business owners. With Indinero, you get everything from bookkeeping to accounting, tax, and even outsourced CFO services all in one plan.

You can start with the basics included in your membership and then customize the level of assistance you need as your business grows and changes. It's a flexible option that can adapt to your evolving needs.

Service Category

Services Offered

Estimated Pricing (Monthly)

Bookkeeping

Financial transactions recording, general ledger maintenance, cash flow management, account reconciliation

Starts at $300 (based on transaction volume)

Payroll Management

Payroll processing, tax filings, employee payments, compliance with federal and state regulations

Starts at $200 (based on employee count)

Tax Services

Tax return preparation (Individual, Partnership, LLC, Corporation, Public Charity & Private Foundation), tax planning

Varies (based on complexity)

Financial Reporting

Periodic financial statement preparation, profit and loss, balance sheet, customized reporting

Starts at $400 (based on reporting frequency)

Accounts Receivables Management

Invoicing, collections management, credit analysis

Custom pricing (based on receivables volume)

Accounts Payables Management

Vendor payments, bill processing, expense tracking

Starts at $250 (based on volume)

Audit Services

Audit, support services, review, compilation, audit preparation

Custom pricing (based on audit scope)

Advisory Services

Virtual CFO, business valuation, financial modeling, cost analysis

Custom pricing (based on complexity)

Indinero's Features

  • Offering bookkeeping, accounting, tax services, and CFO advisory support.

  • Advanced technology tailored to automate and streamline accounting tasks.

  • Flexible pricing options for monthly, quarterly, or annual plans.

  • Optional corporate payroll services available as an add-on.

  • Access to a dedicated team of accountants, with additional CFO and controller services.

The Unique Advantages of Partnering with a Specialized Accounting Firm

In today’s competitive environment, outsourcing your accounting operations is no longer just a cost-cutting strategy—it's a way to optimize performance, free up internal resources, and focus on growing your business. For CPAs and firms of all sizes, partnering with a specialized firm that offers a suite of outsourced financial and accounting services helps meet evolving demands while driving business growth.

When you outsource your accounting and finance needs, you're not just offloading tasks—you're gaining access to best-in-class accounting professionals who bring deep expertise, scalability, and strategic insights. Whether you’re looking to augment your existing team or completely outsource your entire accounting function, these professionals can help streamline financial operations and improve outcomes.

More Time for Core Services and Clients

For CPAs, outsourced accounting services provide a strategic edge. By delegating routine but essential functions to a comprehensive outsourced team, CPAs can focus more on their core business, such as advisory services and nurturing client relationships.

This also enables CPAs to make informed decisions based on timely and relevant financial and operational data, while staying up to date with evolving industry trends. As a result, they can offer more value-added services, positioning their firm for long-term business growth.

Specialized Expertise That Aligns with Your Business Goals

A key advantage of working with outsourced accounting and finance professionals is the niche expertise they bring. Whether your firm requires help with financial reporting, tax planning, or adopting new accounting systems, the right partner delivers tailored, strategic solutions.

These experts not only understand accounting practices but are also familiar with industry-specific requirements—whether you’re serving law firms, tech startups, or growing businesses. Their goal is to provide the best match of services to meet your firm's unique needs and help you scale effectively.

Leveraging Technology for Seamless Accounting Operations

A strong outsourced accounting team leverages modern tools to boost accuracy and efficiency. From automated accounting systems to real-time dashboards, these technology-driven services give you clarity and confidence in your numbers—allowing you to make informed decisions with ease.

These firms invest in secure and scalable infrastructure, ensuring your data is safe while enhancing productivity. By combining financial and accounting expertise with cutting-edge tools, they help streamline your internal accounting team’s workflows and minimize manual errors.

How to Choose the Right Outsourced Partner

If you're looking to outsource your entire accounting process or just specific tasks, choosing the right firm is crucial. Evaluate your financial and operational goals, current pain points, and areas that need support. The right partner will align their offerings to your growth plan—whether it’s for services for small businesses or larger organizations.

Consider their:

  • Industry specialization

  • Experience with accounting systems

  • Security protocols

  • Communication standards

  • Track record with outsourced financial solutions

Your outsourced provider should act as an extension of your team, committed to helping you focus on running your business while delivering high-value insights.

Partner for Clarity, Efficiency, and Business Success

Choosing a firm that provides full accounting support, from bookkeeping to CFO-level analysis, ensures your business or practice gets the support it needs to grow. Whether you want to augment your existing accounting team or fully transition to outsourced solutions, the right partnership will bring measurable value.

At the end of the day, outsourced accounting is more than a trend—it’s a strategic move that allows CPAs and businesses of all sizes to work smarter, scale faster, and build practices rooted in clarity and confidence.

Conclusion

In conclusion, working with a specialized accounting firm can give you expert help that fits CPA needs. The best outsourced accounting firms for CPAs in 2024 offer personal service and special technology that can really boost the way you work. CPAs should look for firms that match their specific needs and check how well they blend technology and security while choosing. By using the benefits of these firms, CPAscan make their work simpler and focus more on providing great service to their clients.

Frequently Asked Questions

What Criteria Should CPAs Use to Evaluate Outsourced Accounting Firms?

CPAs should evaluate potential firms by looking at their experience in financial performance consulting. It is important to check if they follow best practices and GAAP. Also, a proven track record of improving financial KPIs is necessary. Lastly, firms should have strong security measures to protect sensitive data.

How Do Outsourced Accounting Firms Enhance CPA Productivity?

Outsourced accounting firms make work easier and clearer. They help by keeping processes smooth. They also give access to experts no matter the time zone. Plus, they use strong project management tools. This all helps to save time for CPAs.

Can Outsourcing Accounting Functions Save Money for CPAs?

Yes, outsourcing can help save money. It does this by lowering extra costs and providing better pricing models. You also get expert financial insights. This all leads to better budgeting, more profitability, and stronger financial control for CPAs.

What Are the Risks Involved in Outsourcing Accounting Services?

Potential risks are data security breaches, compliance issues, and problems if the outsourcing firm has human resources issues. To reduce these risks, it is important to have a detailed due diligence process. This process should look at security measures, compliance guidelines, and the firm's past performance.

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