Outsourcing is a smart strategy that businesses use to stay competitive. It means handing certain tasks or jobs to outside experts or companies. This approach helps businesses save money, work more efficiently, and gain access to specialized skills, allowing them to focus on what they do best. According to the Deloitte Global Outsourcing Survey 2022, 52% of executives outsource business functions, and 76% of them choose to outsource IT tasks.
For small businesses, outsourcing can be especially helpful. Many small companies have tight budgets and limited resources, which can make it hard to grow. Outsourcing gives them access to professional services without the high costs of hiring full-time staff. Whether it’s IT, marketing, customer support, or human resources, many business operations are often outsourced. But one of the most valuable areas to outsource is accounting.
Can Small Businesses Outsource Accounting?
Yes, small businesses can outsource their accounting tasks, and it’s a great option for many. With an outsourced accountant, you can get expert help with your finances without needing to hire a full-time employee. This makes it a practical and cost-effective choice, especially for businesses that don’t have a big budget or a dedicated finance team.
Why Use an Outsourced Accountant?
Save Money
Outsourcing is often cheaper than hiring someone in-house. You only pay for the specific services you need, like bookkeeping or tax preparation, instead of covering full-time salaries and benefits.
Access to Experts
Outsourced accountants are trained professionals who know the latest tax laws and financial rules. They can give you advice and solutions tailored to your business.
Work More Efficiently
These experts can handle tasks like payroll, financial reports, and managing your accounts quickly and accurately. This means you’ll have more time to focus on running your business.
Is It Safe?
Security is a big concern, and trusted providers make it a priority. They use tools like encrypted file transfers, secure cloud systems, and strong login protections to keep your data safe. Many also follow strict guidelines like GDPR or SOC 2 to ensure everything stays private.
Before choosing a service, check their reviews, ask about their security measures, and make sure they have a good reputation.
10 Best CPA Firms for Outsourcing Accounting Services for Startups and Small Businesses
Here are the top CPA firms that help startups and small businesses simplify their accounting needs:
1. Bench Accounting
Bench focuses on bookkeeping for small businesses, especially those in retail, e-commerce, and service-based industries. For $249 per month, Bench provides a personal bookkeeper who handles your finances and keeps your records organized. Their services integrate with platforms like Shopify, QuickBooks, and Stripe, making it easy to track sales and expenses.
Bench also offers year-end tax preparation support, so your business is ready for tax season. Their simple and visually appealing financial reports help business owners understand their numbers at a glance.
2. Pilot
Pilot is ideal for startups, especially in technology, SaaS, and venture-backed businesses. Their bookkeeping services start at $499 monthly and are designed to handle growing companies with complex needs. Pilot uses automation for accuracy and efficiency, but every customer is assigned a dedicated account manager.
They help with R&D tax credits and fundraising reports, which are essential for startups. Additionally, their CFO services guide businesses through financial planning and strategy, ensuring startups stay on track for growth.
3. QuickBooks Live
QuickBooks Live is designed for businesses already using QuickBooks software. Their pricing ranges from $200 to $400 per month, and they provide real-time support by connecting you with live bookkeepers. This service is perfect for small businesses that want to maintain control of their finances while having professional guidance on-demand.
QuickBooks Live also helps with setting up accounts, cleaning up older records, and reconciling your books to ensure everything is accurate.
4. Bookkeeper360
Bookkeeper360 serves a wide range of small businesses, especially those in need of bookkeeping, payroll, and tax preparation all in one place. Starting at $199 monthly, their services are customizable to the size and needs of your business. They offer specialized tools and dashboards that allow you to monitor cash flow, budgets, and profitability.
Bookkeeper360 is well-suited for entrepreneurs who want to combine operational assistance with strategic insights, making them a powerful partner for growing businesses.
5. Ageras
Ageras is not a traditional accounting service but a matching platform that connects businesses with pre-vetted accountants and CPAs. They serve diverse businesses, from small startups to established companies, and provide custom pricing based on your needs.
Ageras is ideal for businesses seeking specialized financial help, whether it’s handling taxes, managing audits, or navigating complex regulations. Their vetting process ensures you’re paired with an accountant or CPA with the right skills for your industry.
6. Ignite Spot Accounting
Ignite Spot is a great choice for startups and small businesses that need more than just bookkeeping. They offer outsourced CFO services, including strategic financial planning and forecasting, at $575 per month and up.
Ignite Spot has experience serving e-commerce, nonprofits, and professional services industries. They help clients build stronger financial foundations with monthly profit analysis and personalized business strategies. Their hands-on approach ensures that your business stays financially healthy as it grows.
7. KPMG Spark
KPMG Spark provides cloud-based bookkeeping and tax services for $195 a month. They work with small businesses and startups across various industries, offering affordable solutions backed by the reputation of KPMG, a global leader in accounting. Their user-friendly mobile app enables businesses to view real-time financial updates, ensuring transparency and convenience.
Spark also offers tax consulting and audit support, which gives businesses peace of mind knowing they’re compliant with laws and regulations.
8. Binery
Binery is a tech-savvy accounting service tailored to startups, especially in Asia-Pacific regions. With prices starting at $150 monthly, they use artificial intelligence combined with human expertise to streamline bookkeeping.
Binery is an excellent option for early-stage startups that want cost-effective and efficient financial management. They also assist with compliance, tax filings, and financial reporting, which are critical for startups operating in competitive markets.
9. Ceterus
Ceterus specializes in serving franchisees and small businesses in industries like retail, restaurants, and healthcare. Starting at $250 monthly, their services include franchise-specific financial reporting that simplifies accounting for multi-location businesses.
Ceterus combines industry insights with accounting know-how to create reports tailored for your business type. This allows owners to track performance, compare locations, and identify opportunities for improvement while spending less time on bookkeeping.
10. inDinero
inDinero offers all-in-one services, including accounting, bookkeeping, and taxes, starting at $300 a month. They work with businesses of all sizes, ranging from startups to small companies planning to scale. inDinero’s CFO services provide guidance on managing expenses and improving profitability, making them a great choice for businesses preparing for growth.
Their platform lets you view and manage all your financial data in one place, which simplifies decision-making and reduces stress for busy entrepreneurs.
Easy Tips for Outsourcing Your Accounting
If you’re outsourcing your accounting, the first step is to figure out what your business really needs. Do you need help with basic bookkeeping, filing taxes, or overall financial planning? Once you know, look for providers with experience in your industry and great reviews. Choose someone reliable and easy to work with. Make sure to talk openly with them so they understand your goals and can give you the best service.
Lastly, check your financial reports often to make sure everything is on track. With the right help, outsourcing your accounting can save you time and help your business grow!