Are You a Good Fit for Outsourced Accounting?

CEOs • Presidents • Business Owners • Executive Directors

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Just 3 minutes to see if you’re on the right track with your business’s accounting function and whether you would benefit from outsourcing your accounting and bookkeeping to GrowthForce. You’ll get links to free resources that will help you learn ways for your business to run better, grow faster and make more money.

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I pay my bills with:

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We Do Expense Reports In:

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We download Bank and Credit Card Transactions

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Does the same person who pays the bills reconcile the bank account?

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Do you worry about the risk of Fraud?

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Each month, I get my financial statements for the previous month on the:

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Is cash management an issue?

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I get Management Reports that help me make decisions on:

Select All That Apply
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I review a KPI Scorecard or Dashboard of my business financial information:

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My business is in this industry:

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I use this version of QuickBooks:

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Would you consider switching to QuickBooks?:

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I personally spend this much time on bookkeeping and accounting each week:

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In addition to myself, we have this number of employees spending time on bookkeeping and accounting weekly:

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I have this many employees:

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My annual revenue is:

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My Annual Growth is:

Here are your results…

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Ask any questions you may have in a 15-minute consultation call. Take the next steps to improve your business's accounting function and get a consultation!

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I pay my bills with:

Why are you using paper checks? It’s time consuming, expensive and it is a popular way to commit fraud. It costs more, it takes more time and there’s a much higher chance of fraud. It’s time to make the move off paper checks.
Much better than paper checks, but most banks don’t have the workflow and ease of use, including smart phones, that bill payment apps do. GrowthForce is a Bill.com advocate because it’s so much better than everything else.
Great! You know how much time and money you are saving - and reducing the risk of fraud - by using an app like Bill.com.

We Do Expense Reports In:

Yikes. Do you know how much paper forms cost? They take longer for employees to fill out and approvers to approve, and the manual rekeying into QuickBooks cost money, takes time and is an easy place for human error to occur.
Excel files are great for crunching numbers, not so much for reporting expenses. First there’s no rules or workflow - do you trust your managers to scrutinize T&E like you would? Then you have to pay to rekey the same numbers into QuickBooks. That takes time and slows down reporting.
Great! There are some are quite a few Expense Management apps out there - our favorite is Expensify.

We download Bank and Credit Card Transactions:

Great! You’re ahead of the game and reducing the risk of errors. Automatic downloads of bank and credit card transactions into your accounting system saves time and provides improved accuracy of your financials.
This is a no brainer. QuickBooks makes it easy to automatically download bank and credit card data directly into your company file. This saves your accountant’s time, which means saving money, and reduces the risk of errors from keying in the data manually. You’ll get more information, which means better financial intelligence, you’ll get it faster and at a lower cost. It’s time to automate this.

Does the same person who pays the bills reconcile the bank account?:

Run, don’t walk and separate these two functions. Don’t build internal controls on trust - you need to separate certain duties and this is most important one. You can’t have one person doing both - paying the bills and reconciling the bank account. If you’re small, you may have to take on one yourself, but don’t let the same person do both.
Kudos! Understanding Separation of Duties is a key to reducing the risk of Fraud in small business! Now what else needs to be separated?

Do you worry about the risk of Fraud?:

Every small business should worry about fraud. The Association of Certified Fraud Examiners says small businesses suffer higher losses, with a median of $150K per case! Small business have more fraud because they have fewer resources to set up internal controls. Outsourcing is a great way to separate duties and provide multiple checks and balances into your accounting processes.

Whether or not you are worried about Fraud, it’s important for you to be sure you’ve implemented best practices for prevention. Here’s a link to The CEO’s Guide to Reducing Fraud for ways to limit your risk.
Every small business should worry about fraud. The Association of Certified Fraud Examiners says small businesses suffer higher losses, with a median of $150K per case! Small business have more fraud because they have fewer resources to set up internal controls. Outsourcing is a great way to separate duties and provide multiple checks and balances into your accounting processes.

Whether or not you are worried about Fraud, it’s important for you to be sure you’ve implemented best practices for prevention. Here’s a link to The CEO’s Guide to Reducing Fraud for ways to limit your risk.

Each month, I get my financial statements for the previous month on the:

You’re doing great! Better than most businesses. If you have a management reporting package with numbers you can trust, that gives you financial intelligence, and you’re getting it in time so you can make data-driven decisions, you don’t need GrowthForce - Unless you want to save 30-40% on your accounting costs.
You’re doing great! Better than most businesses. If you have a management reporting package with numbers you can trust, that gives you financial intelligence, and you’re getting it in time so you can make data-driven decisions, you don’t need GrowthForce - Unless you want to save 30-40% on your accounting costs.
Most small businesses or organizations get their financial statements on the 15th or 20th. That's OK if it gives you enough time to make decisions facing your business and if they are actionable. Do they help you make data driven decisions? If not, GrowthForce is a good fit.
Most small businesses or organizations get their financial statements on the 15th or 20th. That's OK if it gives you enough time to make decisions facing your business and if they are actionable. Do they help you make data driven decisions? If not, GrowthForce is a good fit.
If you're receiving your financials on the 30th or later, that's too late to react and make decisions based upon the information. It often means your month-end closing process is not as disciplined as it should be. Here are some useful resources to help you:
If you're receiving your financials on the 30th or later, that's too late to react and make decisions based upon the information. It often means your month-end closing process is not as disciplined as it should be. Here are some useful resources to help you:

Is cash management an issue?:

You are not alone, but you need to take action! There are many ways to improve cash flow management and the time to start is now.
Congratulations! Many small businesses and organization struggle with cash flow issues. If you are not, you are doing a great job! But keep in mind, Profits don’t Equal Cash Flow.

I get Management Reports that help me make decisions about:

Decision making is why you should do accounting. Not just to keep the IRS at bay. If you don’t have the right management reports, you can’t chart the right course. Unlike financial reports, management reports give you insight into your monthly operations, and help you make better business decisions.
Uh Oh, Run, don’t walk, and add someone to this process today!

I review a KPI Scorecard or Dashboard of my business financial information:

Like management reports, a KPI scorecard can help you quickly compare your company’s health on a weekly, monthly or quarterly basis. Businesses that “keep score” are 10 times more likely to succeed than those that don’t.
Like management reports, a KPI scorecard can help you quickly compare your company’s health on a weekly, monthly or quarterly basis. Businesses that “keep score” are 10 times more likely to succeed than those that don’t.
Like management reports, a KPI scorecard can help you quickly compare your company’s health on a weekly, monthly or quarterly basis. Businesses that “keep score” are 10 times more likely to succeed than those that don’t.

My business is in this industry:

You provide services to people or other businesses. That’s perfect! GrowthForce loves services businesses - businesses where your people’s time is your primary product. Outsourcing works really well for services businesses. GrowthForce can help you automatically allocate labor cost so you can get real insight into the profitability of each of the services you provide.
Nonprofits are a great fit for outsourcing to GrowthForce. Often, leaders of nonprofits do not have financial backgrounds but need to deliver accurate timely reports for their board, managers and donors. In addition to traditional financial statements, you need management reports to help run the organization day to day. Let us help you get budget vs. actual reports for each of your programs, cash flow forecasts, and profit and loss reports that give insight into the bottom line of your programs and operations.
You’re a manufacturer. Good at making things. But probably not at making a great accounting department. Outsourcing your accounting could work really well for you. It depends on how you track inventory, and whether the power of the QuickBooks ecosystem, is optimal for your accounting. If you’re using QuickBooks now and it’s working well, GrowthForce could be a great fit.
If you’re a retailer, you may need someone internal to close out the POS system, reconcile the drawers and make deposits in the bank. That day to day function is hard to outsource. GrowthForce can be your Outsourced Controller and be responsible for the month-end close and reporting, we just need an in-house liaison to manage the daily close. While this helps provide a high level of control and oversight, which reduces the risk of fraud, the cost savings typically associated with outsourcing are harder to achieve.
You’re a Distributor. Good at getting things from point A to point B. But probably not at distributing great accounting reports. Outsourcing your accounting could work really well for you. It depends on how you track inventory, and whether the power of the QuickBooks ecosystem, is optimal for your accounting. If you’re using QuickBooks now and it’s working well, GrowthForce could be a great fit.
If you indicated your industry is “Other” the big question for GrowthForce is are you on QuickBooks and is it working well for you? If so, then GrowthForce can likely help you. Until we learn more about what you do and how your do your accounting, it would be beneficial to start a conversation with us. Contact us to set up a call.

I use this version of QuickBooks™:

Great! GrowthForce is one of the Premier Resellers of QuickBooks in the country and our teams are experts at unleashing the power of QuickBooks and its app.com ecosystem. We work with all versions of QuickBooks except the Mac version which unfortunately is not as robust as the Windows desktop and the Online versions. We can help make sure your business is on the right version and is optimized for your industry.
Great! GrowthForce is one of the Premier Resellers of QuickBooks in the country and our teams are experts at unleashing the power of QuickBooks and its app.com ecosystem. We work with all versions of QuickBooks except the Mac version which unfortunately is not as robust as the Windows desktop and the Online versions. We can help make sure your business is on the right version and is optimized for your industry.
Great! GrowthForce is one of the Premier Resellers of QuickBooks in the country and our teams are experts at unleashing the power of QuickBooks and its app.com ecosystem. We work with all versions of QuickBooks except the Mac version which unfortunately is not as robust as the Windows desktop and the Online versions. We can help make sure your business is on the right version and is optimized for your industry.
Great! GrowthForce is one of the Premier Resellers of QuickBooks in the country and our teams are experts at unleashing the power of QuickBooks and its app.com ecosystem. We work with all versions of QuickBooks except the Mac version which unfortunately is not as robust as the Windows desktop and the Online versions. We can help make sure your business is on the right version and is optimized for your industry.

Would you consider switching to QuickBooks?:

Great! GrowthForce is one of the Premier Resellers of QuickBooks in the country and our teams are experts at unleashing the power of QuickBooks and its app.com ecosystem. We work with all versions of QuickBooks except the Mac version which unfortunately is not as robust as the Windows desktop and the Online versions. We can help make sure your business is on the right version and is optimized for your industry.
GrowthForce is an expert at extending the lifecycle of QB so companies don’t need to upgrade to more expensive and complex software until absolutely necessary.
GrowthForce works exclusively with Intuit QuickBooks Software. There are other outsourcing firms that work with different accounting packages. GrowthForce is an expert in Intuit QuickBooks systems which we think it is the best fit for our target client base.

I personally spend this much time on bookkeeping and accounting each week:

Wow, as a CEO/Owner you spend less than an hour on bookkeeping and accounting each week. That either means you have some great people handling financial operations or you’re so busy with operations or sales that you just don’t have the time to focus on it. If the latter, we don’t have to tell you it’s time to get some help! Outsourcing your bookkeeping and accounting, especially to an experienced firm like GrowthForce, will help you gain control and understand the drivers of your business.
As CEO/Owner if you’re spending 1 - 3 hours per week on bookkeeping and accounting each week, and you’ve got a good handle on your finances, that’s pretty good. That likely means that you have some great people handling financial operations for your business. If you don’t have a good handle on your finances, then it means you’re just too busy to focus on accounting and it might be time to get some help! Outsourcing your bookkeeping and accounting, especially to a firm like GrowthForce, will help you gain control and understand the drivers of your business.
As CEO/Owner if you’re spending 4 - 5 hours per week on bookkeeping and accounting - that’s almost 10% of your week. There may be times when your business or organization demands that you get down in the financial weeds, but you should be spending your time making decisions based on financial information, not crunching numbers. You need optimized systems, procedures and people to take care of weekly transaction processing as well as disciplined month-end closings that deliver management reports for decision making.
As CEO/Owner if you’re spending 6 - 10 hours per week on bookkeeping and accounting - that’s too much, your time is too valuable. There may be times when your business or organization demands that you get down in the financial weeds, but you should do your best to spend your time making decisions based on financial information, not crunching numbers. You need optimized systems, procedures and people to take care of weekly transaction processing as well as disciplined month-end closings that deliver management reports for decision making. You need help fast and outsourcing might be the way to gain control.
As CEO/Owner if you’re spending 11- 20 hours per week on bookkeeping and accounting – you have big opportunity costs and you need help quick. What’s the highest value for you? If you are the CEO, unless you are an accounting firm, surely it’s not doing accounting. There may be times when your business or organization demands that you get down in the financial weeds, but you should do your best to spend your time making decisions based on financial information, not crunching numbers. You need optimized systems, procedures and people to take care of weekly transaction processing as well as disciplined month-end closings that deliver management reports for decision making. You need help fast and outsourcing might be the way to gain control.

In addition to myself, we have this number of employees spending time on bookkeeping and accounting weekly:

It’s only you and one more? That makes it hard to focus on growing your business (unless you’re an accounting firm!) If you’re generating revenue and have 4 or more employees it’s time to get this burden off your back.

You need a bookkeeper and a little bit of an Accountant, Controller and CFO. It’s hard for one person to have all those skills. Your revenue will influence the skill you need and whether the time is right for outsourcing your accounting. Typically outsourcing will save you up to 40% over hiring and cuts down on headaches related to hiring and managing. Remember you need more than one person to add internal controls and reduce risk of fraud.
You’ve got a few people spending time on your financial management. The question to ask is could those payroll dollars be allocated to revenue generating or revenue supporting functions? Depending on your industry and business model, you may need daily internal support - however many businesses don’t need 40 hours per week of a bookkeeper, accountant and an accounting manager. You can save money and get higher quality management accounting by outsourcing to a highly experienced team.
You’ve got more than three people working on accounting each week. That’s a full internal accounting department. Depending on your industry and business model, you may need that level of staffing. There are a lot of headaches associated with hiring and managing those people, however. Outsourcing is most effective when you don’t need 40 hours per week for each of the different accounting positions. Sometimes outsourcing can work best when only parts of the accounting function are outsourced, like the month-end close.

I have this many employees:

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My annual revenue is:

It looks like you have employees and under $1MM in revenue. Are you looking to grow or scale your business rapidly? If so we may be right for you. GrowthForce works with companies of all sizes. Often when we work with smaller companies they have outside constituents like investors who need to ensure proper accounting as well on time quality reporting. Typically they’re anticipating fast growth and want a solution in place that can scale with the business. If you’re revenues are less than $1MM but you want to get an accounting department
It looks like you have employees and your revenue is between $1 and $25MM. That’s right in the sweet spot for GrowthForce’s services and our QuickBooks Smart Back Office. Most of our clients fall in this size range. As you continue to grow your organization, outsourcing becomes even more beneficial to you and your management team because the bigger you are – and the more data you have - the more valuable our Key Performance Indicator scorecards will be to help you make data driven decisions. Outsourcing your accounting save you time allowing you to focus on building your product or service offering and not building an accounting department.
It looks like you have employees and your revenue is between $1 and $25MM. That’s right in the sweet spot for GrowthForce’s services and our QuickBooks Smart Back Office. Most of our clients fall in this size range. As you continue to grow your organization, outsourcing becomes even more beneficial to you and your management team because the bigger you are – and the more data you have - the more valuable our Key Performance Indicator scorecards will be to help you make data driven decisions. Outsourcing your accounting save you time allowing you to focus on building your product or service offering and not building an accounting department.
It looks like you have employees and over $26MM in revenue. If QuickBooks is working well for you then GrowthForce could be a good fit. We have quite a few clients with revenue over $26MM. For a lot of our larger clients that have a good bookkeeper, we provide controller services only and oversee internal staff ensuring a quality, timely month-end close. If you have a good Controller but don’t want to worry about recruiting, training and managing a bookkeeper, we can do that as well. We can also help reduce the risk of fraud.
It looks like you have employees and over $26MM in revenue. If QuickBooks is working well for you then GrowthForce could be a good fit. We have quite a few clients with revenue over $26MM. For a lot of our larger clients that have a good bookkeeper, we provide controller services only and oversee internal staff ensuring a quality, timely month-end close. If you have a good Controller but don’t want to worry about recruiting, training and managing a bookkeeper, we can do that as well. We can also help reduce the risk of fraud.

My annual growth goal is:

It looks like you are anticipating zero or lower growth this year. We often work with companies who are experiencing market or business changes where negative growth is a reality. In these cases outsourcing your accounting department can help you save money and help you control expenses. When revenue is shrinking it is even more important to stay on top of your cash flow and understand when you need to cut. We can help you as your transition through these periods.
It looks like you are anticipating zero or lower growth this year. We often work with companies who are experiencing market or business changes where negative growth is a reality. In these cases outsourcing your accounting department can help you save money and help you control expenses. When revenue is shrinking it is even more important to stay on top of your cash flow and understand when you need to cut. We can help you as your transition through these periods.
It looks like you are anticipating zero or lower growth this year. We often work with companies who are experiencing market or business changes where negative growth is a reality. In these cases outsourcing your accounting department can help you save money and help you control expenses. When revenue is shrinking it is even more important to stay on top of your cash flow and understand when you need to cut. We can help you as your transition through these periods.
It looks like you are anticipating zero or lower growth this year. We often work with companies who are experiencing market or business changes where negative growth is a reality. In these cases outsourcing your accounting department can help you save money and help you control expenses. When revenue is shrinking it is even more important to stay on top of your cash flow and understand when you need to cut. We can help you as your transition through these periods.
When anticipated growth is flat it may be due to market conditions, changes in the business environment or your business structure. Not all businesses grow in any given period. You can still benefit from outsourcing your accounting department so you’re sure to save money and control expenses. When revenue is flat it is important to stay on top of your cash flow and understand when you might need to make cuts. Whether flat growth is a temporary situation or part of an ongoing strategy or lifestyle business - outsourcing your accounting can be a good fit.
Looks like you’re anticipating growth in the 10% range. That’s great! We can help you manage that growth with a scalable “smart back office”, while saving money and controlling expenses. Growth requires capital. It’s important to stay on top of your cash flow and also have a reporting package that provides actionable financial intelligence - helping you make decisions around managing and perhaps, accelerating growth.
Looks like you’re anticipating growth in the 30% range. Fantastic! We can help you manage that growth with a scalable “smart back office” while saving money and controlling expenses. It’s important to stay on top of your cash flow and also have a reporting package that provides actionable financial intelligence - helping you make decisions to accelerate that growth. 30% growth will have major implications on your business and having an outsourced accounting department to help you manage your financial operations is a great idea. Timely, accurate month-end closes and understanding the leading indicators that are driving increased revenues are keys to hitting your full potential - you could most definitely benefit from an outsourced accounting department like GrowthForce.
Looks like you’re anticipating growth in the 50% range. Fantastic! We can help you manage that growth with a scalable “smart back office” while saving money and controlling expenses. It’s important to stay on top of your cash flow and also have a reporting package that provides actionable financial intelligence - helping you make decisions to accelerate that growth. 30% growth will have major implications on your business and having an outsourced accounting department to help you manage your financial operations is a great idea. Timely, accurate month-end closes and understanding the leading indicators that are driving increased revenues are keys to hitting your full potential - you could most definitely benefit from an outsourced accounting department like GrowthForce.
Looks like you’re anticipating growth in the 100% range. Fantastic! We can help you manage that growth with a scalable “smart back office” while saving money and controlling expenses. It’s important to stay on top of your cash flow and also have a reporting package that provides actionable financial intelligence - helping you make decisions to accelerate that growth. 30% growth will have major implications on your business and having an outsourced accounting department to help you manage your financial operations is a great idea. Timely, accurate month-end closes and understanding the leading indicators that are driving increased revenues are keys to hitting your full potential - you could most definitely benefit from an outsourced accounting department like GrowthForce.

Learn more about how outsourcing works

Ask any questions you may have in a 15-minute consultation call. Take the next steps to improve your business's accounting function and get a consultation!

Schedule a Call