Key Takeaways
- CPA outsourcing refers to delegating accounting tasks and responsibilities to a third-party firm or service provider.
- Your outsourcing provider should have pricing, services, security, and a reputation that align with your firm’s standards and needs.
- CPA accounting outsourcing companies provide a wide range of financial services, such as accounts payable and receivable, payroll processing, and credit card management.
Outsourcing accounting services has become increasingly popular among businesses looking to streamline their financial processes to save valuable time and reduce costs. As a result, the demand for top CPA accounting outsourcing companies is on the rise.
These specialized firms offer a range of services, from bookkeeping and tax preparation to financial analysis and strategic planning.
For employers, finding the right outsourced accounting firm can be crucial in maintaining accurate and efficient financial management.
To help you make an informed decision, we have compiled a list of the top firms that specialize in providing high-quality outsourced accounting services.
We will highlight the best qualities of these companies and explain how to choose the right one for your business.
What Is CPA Outsourcing?
Chartered professional accountant (CPA) outsourcing refers to the practice of delegating accounting tasks and responsibilities to a third-party CPA or firm. When you outsource CPA accounting services, you allow your business to focus on core operations while leaving financial management in the hands of experts.
You can outsource accountants for a specific task, such as tax preparation, or for your entire finance function.
Outsourced CPA firms typically consist of CPAs trained and experienced in handling various financial tasks. They usually fall under the umbrella of finance and accounting outsourcing providers.
These firms use advanced technology and resources to provide efficient and accurate services, making them an attractive option for employers looking to streamline their finance functions.
Top 15 CPA Accounting Outsourcing Companies
CPA accounting outsourcing companies are available worldwide. These firms have teams of or can help you hire remote professionals well versed in US accounting practices and regulations like the Generally Accepted Accounting Principles (GAAP) and the Sarbanes-Oxley Act (SOX).
We’ve compiled a list of 15 potential partners, including both general outsourcing companies and companies specializing in CPA accounting outsourcing.
It’s listed in no particular order, given each one has its own strengths and expertise.
1. Near
Hey, that’s us! At Near, we have an extensive network of finance talent, including highly qualified and experienced CPAs who can provide efficient and reliable outsourced accounting services for your business.
Our dedicated team is equipped with cutting-edge technology and expertise to help our clients hire top CPAs from Latin America (LatAm), which is why we’ve put ourselves at the top.
2. TOA Global
TOA Global is an outsourcing firm that recruits highly skilled accountants based in the Philippines. Its roster includes accountants with relevant degrees, significant experience, and training in US accounting standards. The company offers general bookkeeping and handles corporate tax returns.
3. Unison Globus
Unison Globus is an outsourcing company that specializes in CPA services, including managing accounts payable and receivable, conducting bank and credit card reconciliations, and providing detailed financial reporting.
4. Adams Brown
Adams Brown Strategic Allies and CPAs offers a robust range of outsourced financial services in various industries. Its expertise includes outsourced accounting, finance department support, and payroll management.
The company posts cash receipts and disbursements, conducts monthly bank reconciliations, and manages accounts payable.
5. ScaleNorth
ScaleNorth provides outsourced NetSuite accounting with NetSuite CPAs. It promises to help businesses scale with its world-class cloud-based ERP system.
6. Insero & Co.
Insero & Co. CPAs is a business advisor that provides financial services to a wide range of clients. It aims to find strategic partners that want forward-looking insights along with its outsourced accounting services.
The firm’s external CFO services even extend to the board room, where the company can stand in to give strategic directives.
7. SuperAccountants
SuperAccountants offers accounting firms expert tax preparation and bookkeeping services. The company is working to address CPA shortages, help its clients fill talent gaps, and minimize the burdens of routine tax preparation and bookkeeping tasks.
8. Sentient
Sentient is an accounting solutions group specializing in strategic outsourcing and process automation. It helps accountants and CPA firms improve scale, increase accuracy, and reduce operational costs with process automation, artificial intelligence, and expert staffing.
9. QX
QX Accounting Services provides professional tax services, accounting support, and payroll outsourcing. Its tax services are tailored to help firms, CPAs, and EAs during tax season. The company also offers digital transformation services, like thorough technology audits to identify any gaps in your tech stack.
10. ABA
ABA Tax Accounting is an accounting and consulting service that offers US-based outsourcing solutions. Its team of highly skilled professionals helps businesses, governmental entities, and nonprofits with accurate and timely financial data.
11. Kreischer Miller
Kreischer Miller is a well-established outsourcing firm that caters primarily to private companies, providing expert support in outsourced accounting, tax planning, and financial advisory. Its tailored approach ensures each client receives personalized solutions.
12. Sorge CPA
Sorge CPA & Business Advisors is a firm specializing in providing financial services to healthcare businesses, among others. With its outsourced accounting services, it offers highly personalized and responsive services that it claims are similar to the capabilities of large firms and improve financial efficiency.
13. Infinit Accounting
Infinit Accounting delivers high-quality accounting and financial services to businesses of all sizes. Its team of seasoned professionals uses advanced accounting software and tools to ensure accuracy and efficiency.
14. Cherry Bekaert
With a strong emphasis on tailored solutions, Cherry Bekaert offers outsourced accounting, tax planning, audit and assurance, and advisory services. Its client-centric approach and deep industry expertise make it a valuable accounting outsourcing partner.
15. Affluent Financial Services (AFS)
AFS is a team of certified public accountants offering outsourced accounting services for everything from real estate to manufacturing. Thanks to the experience it has gained through 30 years of operation, the AFS team can give you peace of mind that financial experts are handling your critical financial data.
Factors To Consider When Choosing an Outsourced Accounting CPA Provider
Whether you ultimately choose an outsourced accounting firm from the list above or elsewhere, there are a few key factors you should consider to help you narrow down your options.
Cost considerations
Outsourcing accounting can be a cost-effective option for businesses, especially when you hire external accountants in locations like LatAm, who offer competitive rates. However, it’s essential to consider the fees and pricing structures of different firms. Look for transparent and competitive pricing that fits your budget.
Service offerings and specialized expertise
Outsourced accounting firms may specialize in different services and have varying levels of expertise. Consider your business’s specific needs and look for a firm that offers the services you require or follows specific practices, such as utilizing certain technology or hiring accountants from particular countries.
Security and confidentiality
The number of instances of data being compromised in the US financial services industry skyrocketed from 138 in 2020 to 744 in 2023.
Financial information is sensitive, and it’s crucial to ensure that the outsourced accounting firm has proper security measures to protect your data. Look for firms with secure systems and protocols for handling confidential information.
Reputation and track record
Research the reputation and track record of potential outsourced accounting firms. Look for reviews and testimonials from previous clients to get an idea of their reliability and level of client satisfaction.
Specific Services Provided by CPA Accounting Outsourcing Companies
CPA accounting outsourcing companies have plenty of services to offer your company. Part of narrowing down your choice comes from finding out which services your firm needs.
Here are some critical financial services that can often be outsourced to a remote CPA:
- Accounts receivable: Invoicing, billing and collections, and cash application
- Accounts payable: Invoice processing, vendor management, and expense tracking and reporting
- Prepaid and accrued expenses: Expense management, tracking, reporting, and reconciliations
- Credit card management: Statement reconciliations, fraud detection and prevention, and expense categorization and reporting
- Debt account management: Management of loan and credit card accounts, interest calculations and accruals, and debt schedule maintenance
- Fixed asset management: Tracking and recording of fixed assets, depreciation schedules and calculations, and capital expenditure reporting
- Payroll: Processing of payroll, tax withholding and reporting, and employee benefits administration
- Other compliance-related tasks: Tax preparation and filing, financial statement preparation, and assistance with audit support and strategies
Final Thoughts
Finding the right CPA accounting outsourcing company and hiring the right outsourced accountant can make all the difference in effectively managing your business finances.
The top firms we have highlighted offer specialized services, reliability, and client satisfaction that can benefit your business in the long run.
While any of these companies may be a great choice, at Near, we specialize in recruiting top talent from LatAm to fill positions at companies looking for reliable and experienced outsourced accounting services. Our team of experts can help you find the ideal match for your business needs.
Book a free consultation call today to learn more about our staffing and recruitment services and how we can help you hire the best outsourced accounting talent for your company. When you hire with Near, you can make the perfect hire within just 21 days.