Outsourced Bookkeeping Services in Minneapolis, MN

When you hire an outsourced bookkeeper, you get peace of mind knowing that your records and reports are private and secure. Accounting Clarity’s outsourced bookkeeping services can scale your business according to your company’s needs so you don’t have to hire or train additional staff. We can update the latest QuickBooks features that continuously enhance our reporting process and help you stay within regulations, such as changing tax laws. With outsourced bookkeeping services we also help you maximize your resources so that you save time and money, as well as prepare your finances for taxes and audits. Some of our outsourced bookkeeping services include:

• Accounts payable and receivable management
• Daily sales reconciliations
• Preparation of bank deposits
• Accounting and payroll record management and organization
• Expense reimbursements
• Payroll preparation (using outsourced services)
• Maintain chart of accounts
• Comply with basic local, state, and federal government reporting requirement (including sales and use tax returns)
• Monitor fixed assets
• Maintain the petty cash fund
• Monitor cash balances and cash forecasts
• Maintain accounts receivable—prepare invoices and monitor collections
• Maintain accounts payable and process payments on a weekly basis
• Maintain liability accounts including but not limited to payroll liabilities, 401k, credit cards
• Reconcile bank and credit card accounts on a monthly basis

An Accounting Clarity outsourced controller has the industry and financial experience to help you focus on the critical aspects of your business instead of dealing with the day-to-day finances. We provide targeted accounting and outsourced controller services that guide you through budgeting, forecasting, tax management, and complex accounting issues. With an outsourced controller, you can make clearer business projections, develop key metric benchmarking and trend analysis, and make improvements with financial processes—all by utilizing our QuickBooks and virtual accounting services. Our outsourced controller services include:

• Month-end close
• Manage capital requests
• Monitor debt levels, compliance with debt covenants
• Calculate variances from budget and report issues
• Comply with government reporting requirements
• Oversee operations of accounting department
• Oversee accounting operations of subsidiary corps.
• Recommend benchmarks against which to measure performance of company operations
• Calculate and issue financial and operating metrics
• Manage production of annual budget and forecasts
• Provide for a system of management cost reports
• Provide financial analyses as needed
• Oversee employee benefit plans

Our professional outsourced CFOs can assist your company in overcoming barriers for growth, as well as supply and implement systems, processes, and strategies that accelerate and sustain your company in the future.

We can help you with essential accounting components such as strategic forecasting and planning, precise and accurate financial reporting, and raising and structuring capital. From capital structure or M&A, to risk management and efficiency analysis, our outsourced CFOs can help develop a plan that brings your company one step closer to meeting its financial objectives.

Our outsourced CFO services include:

• Monitor and direct implementation of strategic business plans
• Assist in formulating company’s future direction and supporting tactical initiatives
• Develop financial and tax strategies
• Develop performance measures that support company’s strategic direction
• Supervise acquisition due diligence and negotiate acquisitions
• Maintain banking relationships
• Represent entity with investment bankers, investors
• Report risk issues to audit committee
• Maintain relations with external auditors
• Maintain appropriate insurance coverage