Outsourced Accounting Services for Small Business

Many entrepreneurs turn to business accounting services so they can stay focused on building their business. Companies need solid financial management with a dependable accounting function. Limitless Investment & Capital combines a team of experts, systematized processes and procedures, and the latest in accounting technology to ensure our clients receive the best service to support their unique business needs at an affordable rate. We are a full-service small business accounting firm in Arizona, Denver, and Tampa. We dont just handle your business accounting needs, we get it done right!

Simplify Your Small Business Accounting.

1. Save Your Time.

Our small business accounting services will save you time that you can spend growing your business. Don’t spend another minute on bookkeeping, tax preparation, and other complex accounting issues. Our outsourced accounting services are staffed with certified bookkeepers, tax preparers, and CPAs.

2. Save Your Money.

Our small business accounting services will save your company money. Limitless outsourced accounting services will help reduce your tax bill, increase profit margins, and scale your business. The best part is that our accounting services are affordable and perfect for small businesses who want to avoid the high costs of hiring an internal accounting department.

What do Limitless Business Accounting Services Include?

  • Payroll
  • Credit Card Management
  • Sales Tax Payment
  • Bank Reconciliations
  • Trial Balance Reconciliation
  • Budget-to-Actual Reporting
  • Accounts Payable and Receivable
  • Income Statements
  • Balance Sheets
  • Income Tax Planning and Preparation
  • Custom Financial Reporting
  • Labor Cost Management
  • Company Performance Reviews
  • Debt Planning and Reduction
  • IRS Representation and Audit Support
  • Cash Flow Forecasting
  • Break-Even Analysis
  • Variable and Fixed Expense Report

Location is Irrelevant! We have Online CPAs:

Online accounting services & online accountants for today’s small business owner. Your numbers where and when you need them.

Limitless Investment & Capital is Quickbooks ProAdvisor Elite!

Why Do Small Businesses Use Outsourced Accounting Services?

check markStreamline Your Business.

Outsourcing your small business accounting helps you save time, money, and increase profitability. It takes time to fine-tune your products, develop a winning team, implement a successful marketing campaign, and so on. The last thing you need to be doing is repetitive data-entry, studying the IRS code, and trying to figure out the difference between an asset and a liability. This is counterproductive to the growth of your small business.

check markSave Yourself the Headaches.

You know your financial management is being handled by the right people and when you turn up for meetings, you can be assured that the financial information will be accurate and presented in a way that everyone understands.

check markFocus on Core Business.

Unless you have experience and training as an accountant, you are unlikely to have the best accounting skills. You are, however, an expert in your own industry. Therefore, if activities like accounting are outsourced you will free up more of your time to concentrate on the tasks you are great at leading to greater productivity and better quality of work.

check markAccountants know Accounting.

By outsourcing your accounting operations to a professional accounting firm, you’re effectively hiring a team of experts.  When you are looking to expand your business or seeking investment opportunities, an experienced financial expert can be a great support in your decision making.

check markLower Employee Costs.

Outsourced accounting operations save you money by eliminating costly benefit packages to a full-time or part-time employee. The cost-benefit analysis of outsourced accounting vs. in-house bookkeeping can save up to 40% in monthly costs.

check markLower Tax Burden.

Accountants have intimate knowledge of their profession and know all the tax codes relevant to your business. They take the time to understand new tax laws and where they might be applicable, and recognize how their clients can benefit from changes in state and national tax. This can mean that you are able to make more money, which can be used as a reward for your efforts or be reinvested back into the business.

check markReduce Fraud.

According to the Association of Certified Fraud Examiner’s study released in 2012, most common victims of fraud are privately owned small businesses with less than 100 employees with an astounding median fraud amount of $147,000. With outsourced accounting services, small businesses can afford a CFO/controller who can look for fraud signs and implement proper fraud protection controls.

When Should My Business Consider Outsourced Accounting Services?

If your company needs the support of a full accounting team but does not have the resources to support a full team, outsourcing accounting services can be extremely beneficial to your business. Outsourced accounting services tend to work best for businesses that:

  • Does not require a full-time bookkeeper, but needs an employee with more skills than an office manager can provide.
  • A growing company that is looking for expert financial advice to increase their profit opportunities.
  • When temporary services are needed (i.e. end of year reports, tax season, a full-time employee is on vacation, etc.)
  • A company does not have the resources to hire a full-time accountant(s).

Long-Term Benefits of Outsourced Accounting Services for Small Businesses

  1. Reduce Labor Costs: Requiring less staff time for internal accounting functions will allow you to save employment costs such as salaries, payroll taxes, benefits, training, and recruitment expenses. Hiring and training staff for short-term projects can be extremely expensive, not to mention you have to pay an in-house employee even when you don’t really need
  2. Control Capital Costs: Outsourcing can actually save you more in the long run by reducing overhead. Cost-cutting may not be the only reason to outsource bookkeeping and accounting functions, but it is definitely a major factor. When you outsource, your small business has the ability to convert fixed costs into variable costs which real eases capital for investment elsewhere in your business. This can also help your small business avoid large expenditures in the early stages of your business.
  3. Focus on Your Core Business: Every business has limited resources and limited time, but small businesses especially.  Outsourced bookkeeping and accounting services can help your business shift its focus from peripheral activities toward work that serves the customer. When you can focus on strategy, on customer service, and on growing your business instead of your back-office tasks that don’t generate revenue, you’ll be able to increase your bottom line, which is what every business owner is ultimately after.
  4. Level The Playing Field: Most small businesses simply just cannot afford the talent that large companies are able to maintain.  Outsourced accounting for small businesses can help small firms act “big” by giving them access to the same economies of scale, efficiency, and expertise that large companies enjoy. The ability to provide higher quality accounting information faster, more efficiently, and with greater effectiveness is crucial.
  5. Minimize Risks: Reporting errors can be very costly. Penalties, interest charges, and even litigation are all pitfalls of accounting no matter what business you’re talking about. Placing the responsibility for these types of expenses on trained professionals will greatly limit the risk of losses to your organization. When you outsource a good company, you’re counting on the fact that they employ the best of the best within that field, thus minimizing risk.
  6. Start New Projects Quickly: Going back to the idea of saving time and focusing on core business tasks, outsourced accounting services allows you to focus on new projects and clients. A good outsourcing firm has the resources to start a project right away. Handling the same project in-house might involve taking weeks or months to hire the right people, train them, and provide the support they need.
  7. Automate and Go Green: By going paperless your small business has the ability to reduce wasted papers, space, and your carbon footprint. If you’re a company that takes pride in being eco-friendly, then this is another thing you can be proud of. Using outsourced accounting services means reducing the use of paper since everything is on software.

Custom Business Accounting Packages To Fit Your Business Needs

When you need accounting services, you want to work with a business accountant you can trust. We’ll listen closely to your preferences and offer accounting services that are tailored to meet your needs. Call today to talk with us about your financial situation, and we’ll let you know how we can help.

We are Quickbooks Certified Proadvisor.

QuickBooks ProAdvisor Elite