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Outsourced Accounting Provides Much More Than Just Managing Your Day-to-Day Accounting Needs

By Accounting Resources February 22, 2022

At ARI, our experienced team of professionals does more than simply manage your organization’s day-to-day transactional accounting needs. Our mission is to take the stress out of managing your financials and free up time for those in your organization, including you as the owner or executive director, your finance team members, and others, so you have more time to focus your efforts on growing the business or expanding your not-for-profit organization.

That means we’re prepared to assist with the following activities:

Budget Preparation

Budgeting is an essential component of organizational management. Not only do budgets help drive objectives that are in line with the organization’s goals, but they are also disclosed to shareholders, boards of directors, and/or funders. Knowing where your budget stands can unlock your ability to hire new staffers, invest in new products or services, and pivot as needed.

What Our Client Budget Preparation Looks Like

Because your account manager is intimately familiar with your organization’s finances, we can help you formulate the necessary assumptions and develop a realistic annual budget. We will track it against results regularly and alert you to variances to help you make important decisions as the year unfolds.

Cash Flow Forecasting

Solid cash flow forecasts provide visibility into and control over potential issues before they become problems. Forecasts also instill confidence in stakeholders such as investors, funders, and boards of directors.

When it comes to managing cash flow, our team at ARI can help you understand where you’re going – and how to get there. We analyze prior trends, such as how many days it takes your customers to submit payments, so you can make educated assumptions about your future cash flow.

We Regular Monitor Our Clients Cashflow

We regularly monitor your cash inflows and outflows to ensure cash balances align with expectations. For example, by analyzing open accounts receivable and evaluating historical collections, or postponing payments to vendors until bills become due, you can positively impact your cash flow over time.

Board Meeting Preparation

ARI has been helping clients prepare for board meetings for decades, so we understand that each board is comprised of individuals with vastly different backgrounds and various expectations.

One of our primary goals is to minimize or eliminate the finance-related stress that business leaders and executive directors experience as they prepare for board meetings.

We Provide Customized Meeting Reporting

Our team provides analysis and insight into your organization’s finances and will customize reporting to meet board members’ expectations. We regularly attend meetings and are prepared to answer any finance or accounting-related questions that arise.

Assistance with Mergers and Acquisitions

When it comes to due diligence procedures required during merger and acquisition transactions, stakeholders want to get at the details of the organization directly to understand the quality of earnings. This process requires custom financial reports and analyses.

We have Decades of Merger and Acquisition Experience

Over the past three decades, we have been integrally involved in multiple client mergers and acquisitions and are adept at conveying the most compelling, most accurate picture of your business.

Support with Unexpected Challenges

Leaders know that business crises always arise when you least expect them. Rely on your ARI account manager to help you deal with them. We stay abreast of opportunities and changes in laws and regulations to ensure your organization is always positioned to take advantage of assistance programs when the need arises.

Helping Our Clients Through COVID-19

When COVID-19 hit, business owners everywhere were panicking. They didn’t know where to turn for help or for answers. Our team completed and submitted the necessary paperwork for many of our clients so they could take advantage of vital government loan programs.

Many of our clients will tell you that, without this assistance, their organization would not have successfully weathered the pandemic.

Take Comfort in the Depth of Your Accounting Team

Finally, there is one additional benefit to keep in mind when you outsource your accounting function to ARI. Our standard operating procedures incorporate strict segregation of duties and a system of controls that effectively eliminate a single point of failure, so you don’t have to worry about having a colossal gap to fill if and when one individual exits your organization.

Your team at ARI includes not only a staff accountant who can handle all of your business’s day-to-day accounting tasks but also an account manager who serves as your CFO or controller. He or she acts as an extension of your management team, reviewing and analyzing your monthly financials and identifying trends that may be impacting your company’s profitability or ability to serve constituents.

If you would like to discuss whether ARI has the right team to manage all of your accounting-related taskscontact us today. 

In the meantime, discover how one of our clients doubled revenue by outsourcing their accounting function.

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