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Why Consider Outsourcing Your Company's Accounting and Finance Function to Kreischer Miller?

Companies often find it challenging to recruit and retain accounting and finance department staff with the necessary skills to effectively process transactions, provide safeguards over assets, deliver readily available financial information, and offer feedback on matters impacting the business. Beyond the management headaches this entails, business owners also can become frustrated by a lack of automation and quick access to vital financial information.

The question becomes, is it worth investing your valuable time to build and manage an accounting department or would it be more effective to outsource your accounting function to a company that excels in providing these types of services?

Benefits of outsourced accounting and finance services:

  • Cost savings 
  • Eliminate the time and cost of hiring accounting department staff
  • Reduce the risk of employee turnover
  • Consistent quality and oversight over financial reports
  • Reallocate time and resources to growing your business
  • Leverage technology to automate manual tasks
  • Consistency in accounting and financial best practices and operating policies

We invite you to connect with us to learn more about how your company can benefit from outsourcing its accounting and finance functions.

Kreischer Miller’s Outsourced Accounting & Finance Services

Bank Reconciliation
Accounts Receivable
Accounts Payable
Credit Cards
Debt Accounts
Fixed Assets
Payroll Matters
Additional Compliance Matters
QuickBooks Standard Reports
Additional Optional Services

Bank Reconciliation

  • Obtain bank feeds from financial institutions
  • Synchronize bank feeds to QuickBooks Online for posting
  • Maintain monthly bank reconciliations
  • Review aged reconciling items with management

Accounts Receivable

  • Enter invoices from company documents
  • Match payments received
  • Reconcile sub-ledger to general ledger
  • Review aging reports with management

Accounts Payable

  • Setup on Bill.com
  • Enter invoices
  • Code expense accounts under company direction
  • Facilitate vendor approval and payment processing
  • Reconcile sub-ledger to general ledger
  • Review aging reports with management

Prepaid and Accrued Expenses

  • Maintain prepaid and accrued expense schedules

Credit Cards

  • Import credit card transactions
  • Monitor receipts submitted through Dext
  • Reconcile sub-ledger to general ledger

Debt Accounts

  • Enter principle and interest payments
  • Maintain debt amortization schedules

Fixed Assets

  • Maintain fixed asset schedule
  • Record depreciation and amortization expense

Payroll Matters

  • Enter payroll transactions from third-party payroll reports
  • Calculate commissions

Additional Compliance Matters

  • Maintain W-9 for 1099 preparation
  • Prepare year-end 1099s

QuickBooks Standard Reports

  • Balance sheet
  • Profit and loss
  • Accounts receivable aging report
  • Accounts payable aging report
  • General ledger detail
  • Sales by customer detail
  • Disbursements by vendor

Additional Optional Services

  • High-level sales and/or income tax nexus review
  • Maintenance of sales tax exemption certificates
  • Tracking and remitting sales tax reporting
  • Cyber security assessment and penetration testing
  • Information technology infrastructure assessment
  • Compilation or preparation of financial statements with footnote disclosure
  • Review of operating and/or shareholder agreements
  • Succession planning

Bank Reconciliation

  • Obtain bank feeds from financial institutions
  • Synchronize bank feeds to QuickBooks Online for posting
  • Maintain monthly bank reconciliations
  • Review aged reconciling items with management

Accounts Receivable

  • Enter invoices from company documents
  • Match payments received
  • Reconcile sub-ledger to general ledger
  • Review aging reports with management

Accounts Payable

  • Setup on Bill.com
  • Enter invoices
  • Code expense accounts under company direction
  • Facilitate vendor approval and payment processing
  • Reconcile sub-ledger to general ledger
  • Review aging reports with management

  • Maintain prepaid and accrued expense schedules

Credit Cards

  • Import credit card transactions
  • Monitor receipts submitted through Dext
  • Reconcile sub-ledger to general ledger

Debt Accounts

  • Enter principle and interest payments
  • Maintain debt amortization schedules

Fixed Assets

  • Maintain fixed asset schedule
  • Record depreciation and amortization expense

Payroll Matters

  • Enter payroll transactions from third-party payroll reports
  • Calculate commissions

Additional Compliance Matters

  • Maintain W-9 for 1099 preparation
  • Prepare year-end 1099s

QuickBooks Standard Reports

  • Balance sheet
  • Profit and loss
  • Accounts receivable aging report
  • Accounts payable aging report
  • General ledger detail
  • Sales by customer detail
  • Disbursements by vendor

Additional Optional Services

  • High-level sales and/or income tax nexus review
  • Maintenance of sales tax exemption certificates
  • Tracking and remitting sales tax reporting
  • Cyber security assessment and penetration testing
  • Information technology infrastructure assessment
  • Compilation or preparation of financial statements with footnote disclosure
  • Review of operating and/or shareholder agreements
  • Succession planning

How We Work Together

Our client service model is flexible, depending on your company’s needs. We can correspond with you on a weekly, bi-weekly, or monthly basis, either virtually/electronically, via phone/video call, or in-person.

By working with Kreischer Miller, you’ll also have access to the full resources and capabilities of a public accounting firm. Whether you need support with buying or selling a company, obtaining a business valuation, assistance with succession planning, or navigating estate and gift planning, our experienced accounting, tax, and advisory professionals are here to help.

Our Process

Onboarding
Ongoing

Onboarding

  • Step 1: Assess management’s needs and desired output
  • Step 2: Collaborate on potential solutions and recommended technology platforms
  • Step 3: Integrate and train on technology platforms

Ongoing

  • Step 4: Maintain the accounting for transactions via bank feeds and vendor payments
  • Step 5: Reconcile monthly account balances and record journal entries
  • Step 6: Provide management team access to over 100 standard reports

Onboarding

  • Step 1: Assess management’s needs and desired output
  • Step 2: Collaborate on potential solutions and recommended technology platforms
  • Step 3: Integrate and train on technology platforms

Ongoing

  • Step 4: Maintain the accounting for transactions via bank feeds and vendor payments
  • Step 5: Reconcile monthly account balances and record journal entries
  • Step 6: Provide management team access to over 100 standard reports

Our Technology

Staying up-to-date with emerging technology can be daunting and time consuming. Our Outsourced Accounting & Finance group utilizes a well-orchestrated technology stack comprised of sophisticated tools that we surround with processes and best practices to improve efficiency in your accounting and finance functions.

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Outsourced Accounting & Finance Services Specialists

Robert S. Olszewski, CPA, AMSF
Leader

Robert S. Olszewski, CPA, AMSF

Lisa M. Cattie
Leader

Lisa M. Cattie

Vinita E. Weir, CPA, FCA

Vinita E. Weir, CPA, FCA

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Connect with us to learn how your company can benefit from outsourcing its accounting and finance functions.
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