Outsourced Accounting

Is your business stuck in the endless loop of hiring, training, and losing accounting staff? You’re not alone. High turnover, rising salaries, and the struggle to find qualified talent are draining your time, budget, and focus. Our Outsourced Accounting team offers a smarter path forward: fractional accounting services that deliver senior-level expertise without the full-time cost.

Our outsourced accounting services help businesses maintain complete financial records, keep reconciliations current, and produce dependable financial reports. We provide ongoing support based on your workload, reporting needs, and existing staff.

Whether you need help with selected responsibilities or a fully managed accounting function, we establish clear processes and deadlines. Our team works with you on-site or virtually, with accounting and tax professionals available within one firm.

What Our Outsourced Accounting Services Include

Financial Records and Account Reconciliations

We record and categorize transactions and reconcile bank, credit card, and other accounts. When records don’t match supporting statements, we investigate differences and help resolve missing or incorrectly recorded transactions.

Month-End Accounting

We prepare adjusting entries and maintain supporting schedules so revenue, expenses, assets, and liabilities are recorded in the appropriate periods. For example, we can track prepaid expenses and record the portion that applies to each month.

Financial Statement Preparation

We prepare routine financial statements, including balance sheets and income statements, on an agreed schedule. Consistent reporting gives your leadership team current information about financial results and account balances.

Accounts Payable and Receivable Support

We help maintain vendor and customer account records, track outstanding balances, and resolve discrepancies. Your engagement defines who processes bills, issues invoices, approves payments, and follows up on overdue accounts.

Accounting Support for Tax Preparation

We maintain reconciled records and supporting schedules needed for tax preparation. Our accounting and tax professionals coordinate to address questions and identify missing information throughout the year.

Let’s Connect

If you have questions or need assistance, please fill out the form and a KatzAbosch representative will get back to you shortly.

Case Study: Enabling Growth With Outsourced Accounting Solutions

Learn how we helped one of D.C.’s most innovative marketing and communications agencies streamline their financial management, enhance reporting and analysis, and lay a solid foundation for growth.

Read the case study

“When others look at our financials, we’ve had compliments on how clean they are. We can text them or do last-minute calls, and they are always responsive and ready to find an answer for us.”

Leslie Albrecht, Sr. Vice President of People + Operations, Social Driver

Frequently Asked Questions

What do outsourced accounting services include?

Outsourced accounting can include recording transactions, reconciling accounts, maintaining supporting schedules, and preparing financial statements. Support may also cover vendor bills, customer invoices, and payroll coordination. Your engagement should specify which tasks are included, who reviews the work, and when reports are delivered.

When should a business consider outsourcing its accounting?

Consider outsourcing when reconciliations fall behind, financial reports arrive too late to be useful, or staff departures repeatedly disrupt accounting work. It can also help when growth or seasonal demands create more work than your current team can consistently handle.

Can outsourced accounting support our existing staff?

Yes. You can outsource selected responsibilities while keeping others in-house. For example, your employees might handle customer billing while an external team completes reconciliations and prepares financial statements. Clear responsibilities and deadlines help both teams work together.

Will we need to change our accounting software?

Not necessarily. We’ll first review your current system to determine whether it supports your reporting needs and accounting processes. Sometimes, improving how you use the software is enough. If a change is recommended, clarify the reasons, transition requirements, and staff training involved.

What does transitioning to outsourced accounting involve?

A transition typically starts with reviewing your records, outstanding work, reporting deadlines, and existing procedures. The next steps include arranging system access, assigning responsibilities, and establishing a reporting schedule. Identifying incomplete records early helps distinguish initial cleanup work from ongoing accounting support.

How do KatzAbosch’s outsourced accounting and tax teams work together?

Our accounting and tax professionals coordinate within one firm. The accounting team maintains financial records and supporting schedules for tax preparation, while the tax team communicates throughout the year to address questions and identify tax considerations as business decisions arise.