Bookkeeping can be time-consuming and repetitive for your team. However, cloud bookkeeping software has made it easier to outsource your bookkeeping functions. If you outsource this service, you will receive comprehensive reports which will help you understand your financial data better and make informed decisions. ​

1. What Types of
Accounting Services
Can Be Outsourced?
Neil Accountants & Advisors

2. Outsourced Accounting Services
Accounts
Receivable/Accounts
Payable Management
Bookkeeping
Services
Payroll Processing
Tax Reporting
and Filing
1
3
2
4

3. Outsourced Accounting Services
Drafting Financial
Statements/Reports
Financial Planning
and Analysis
Controller Services
Cost
Accounting
5
7
6
8

4. Outsourced Accounting Services
Accounts Receivable/Accounts
Payable Management
Managing accounts receivables and accounts payables are
two common outsourced processes. It may be worthwhile
to outsource your AR services to keep your accounts paid
on time.
Bookkeeping Services
Bookkeeping can be time-consuming and repetitive for your
team. However, cloud bookkeeping software has made it
easier to outsource your bookkeeping functions. If you
outsource this service, you will receive comprehensive
reports which will help you understand your financial data
better and make informed decisions.

5. Outsourced Accounting Services
Accounts Receivable/Accounts
Payable Management
• Invoice imaging and
storing
• Invoice approval
• Expense reporting
• Online payment approval
• Check processing
• Handling of vendor
inquiries
• Order management
• Customer billing and
payments
• Collections management
• Cash forecasting and
reporting
• Debt management
Bookkeeping Services
• Employee expense
processing
• Balancing ledgers
• Multi-entity and multi-
currency consolidation
• Order to cash management
• Procure to pay/e-payments
handling
• Subscription/maintenance
renewals management
• Time and expense
management
• Invoice processing and
payments
• Accounting/bookkeeping
software setup

6. Outsourced Accounting Services
CPAs consolidate your
expenses and revenues
through financial
statements to prepare
financial documents and
reports for external and
internal use. In this way,
they can assist in tracking
your cash flow.
Drafting Financial
Statements/Reports
Controller Services
Financial Planning
and Analysis
With strategic guidance
and management,
outsourcing your
controller services can
assist you in growing your
business. Furthermore, you
can gain insight and
accurate financial
reporting from this service.
Having your financial
analysis and planning
outsourced can help you
get a better understanding
of your organization's
financial state in order to
facilitate smarter business
decisions. Outsourcing this
service will also give you
access to 24/7 resources.

7. Outsourced Accounting Services
Drafting Financial
Statements/Reports
Controller Services
Financial Planning
and Analysis
● Audit reporting
● Compliance management
● Employee and vendor communication
● Management reporting
● Policy and procedures guidance and
adherence
● Transactional processing oversight
● Cash flow analysis
● Review and preparation of performance
indicators
● Review of services or product line
efficiency
● Overseeing the overhead expenses and
implementation of cost-reduction
methods
● Key performance indicator (KPI)
reporting
● Preparation of management reports
● Process mining
● Data collection and interpretation,
● Acquisition integration support
● Audit support
● Board and bank reporting
● Company financial data analysis
● Investor communication and reporting
● Planning, budgeting, and forecasting
● Cash flow forecast reports
● Recording and updating all pertinent
information
● accuracy and security of your
financial data
● Maintaining Cash Flow

8. Outsourced Accounting Services
Payroll Accounting Processing
Outsourcing payroll means that payroll processes are delegated to third parties
with expertise in payroll administration. Outsourcing payroll functions is
generally a cost-saving measure, and it also provides access to the best softwares
to automate the whole process.
Tax Reporting and Filing
To prepare your taxes successfully, you need a tax outsourcing company that will
assist you in becoming compliant with local, state, and federal tax laws. You can
minimize the risk of accounting and financial computation errors that could
adversely affect your business operations by outsourcing your accounting. CPAs
can help you properly file your returns and declare your taxes on time.

9. Outsourced Accounting Services
Payroll Processing
Accurate salary calculation
Employee life cycle management
Best practices implementation
Reporting for decision making
Tax Reporting and Filing
• Federal and state income tax returns preparation for
businesses
• Tax assistance for collection, filing, remittance and
maintaining compliance with tax regulations.
• Franchise tax support
• Payroll tax collection, filing and payment
• Tax planning to decrease a company's tax burden and
minimize risks
• Reviewing statements for compliance.

10. Outsourced Accounting Services
Payroll
Processing
Mercury is the the closest
planet to the Sun and the
smallest one in the Solar
System—it’s only a bit
larger than the Moon

11. Neil Accountants and Advisors is
an experienced team of
Chartered Accountants working
as virtual accounting and
bookkeeping and tax assistant.

12. With a combined experience of 15
years, the firm has worked for local and
multinational corporations and has
created a niche by working closely with
Knowledge Process Outsourcing in
Australia, UK, and USA.

13. Licensed Accounting Software

14. CREDITS: This presentation template was created by Slidesgo, including
icons by Flaticon, and infographics & images by Freepik
THANK YOU!
info@neilaccountants.com
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USA : +1 (609) 200-5959
IND : +91-8860219310 | +91-8800345431