Best Outsourced Bookkeeping for Financial Firms

• 2026-09-25 16:47:56
• admin

The decision to use an outsourced accounting service is based on three main questions; can they maintain up-to-date financial data, provide support for your company's accounting processes, and process all of your organization's transactions?

Mid-size financial service firms and CPA partners should consider OBG Outsourcing as an option when evaluating options such as outsourced accounting services (managed) or employing a remote team (offshore) of professionals. A brief overview of the differences between these two types of services can help you make a better informed decision about which type of service best fits your needs.

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These fit assessments reflect published services. Confirm account coverage, pricing, and review responsibilities in each proposal.

How OBG Outsourcing can support your firm

At OBG Outsourcing, we assist you with your bookkeeping, account reconciliation, and financial reporting needs. We offer QuickBooks and Xero bookkeeping, clean up of existing records, accounts payable and accounts receivable assistance, and month-end accounting services.

Our white label bookkeeping, review ready work papers and client query preparation can enhance the current delivery methods used by CPA firms that want to use an outsourced accounting provider. In addition to daily bank and credit card reconciliation and payment gateway reconciliation, our reconciliation service includes the provision of a published reconciliation.

We can discuss the type of accounts you have, how many transactions occur within each of those accounts on a monthly basis, as well as the deadline for filing reports. By discussing these items we will be able to provide a scope that accurately meets your requirements.

What to check before choosing a provider

Daily bookkeeping and reconciliation should have clear due dates for each step of the process; there should also be a listing of items that need to be followed up on as well as someone who is responsible for reviewing these lists. Identify what steps will take place when you find that you are missing documents or cannot reconcile a transaction.

When assessing bookkeeping service options for accounting firms, inquire about the person responsible for communicating with clients, approving client-side adjustments and performing the final review of the client's books. Be sure to include your manager's supervisory hours in your comparison of bookkeeping service costs.

In addition to the previous points, you will want to make sure that the firm has experience working on similar types of projects (i.e. operating company accounts, fund accounting, and custody reconciliation). If so, they may be able to provide you with the correct level of expertise needed for your organization. Additionally, it would be beneficial if the firm was able to clearly outline what type of services are included in their service agreement.

Find the right fit with OBG Outsourcing

The most effective accounting outsourcing companies will provide you with a well-defined delivery process as well as clearly outlined performance expectations for each party. It is recommended to begin by having the outsourcing company manage one representative account or client base; then evaluate their ability to deliver results (accuracy), meet deadlines (turnaround), and communicate with you effectively, prior to expanding on your engagement.

Please contact OBG Outsourcing to review how much time you spend on bookkeeping each day, the frequency of your reconciliations, and the type of assistance you receive from your Certified Public Accountant (CPA).

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