In 2004, AccountingDepartment.com launched our business to provide U.S.-based businesses with U.S.-based virtual accounting services.
It made sense to draw on the large pool of national talent, rather than outsourcing our core business functions to bookkeepers in other countries, who may not be experts in U.S. accounting best practices. U.S.-based businesses are recommended to follow the Generally Accepted Accounting Principles (GAAP), a set of bookkeeping standards unique to the U.S.
As we’ve grown, we noticed a demand for our services in foreign countries looking to expand into the U.S. Today, we have large clients, with more than $1 million in annual revenue, in Central America, South America, South Africa and Russia. These companies are setting up corporations in the U.S. to service their U.S.-based clients, and they need U.S.-based bookkeeping departments, following U.S. bookkeeping standards, to manage their accounting.
A virtual accounting firm provides the services they need, without a need to manage in-house employees or expand their U.S.-based staff. AccountingDepartment.com provides a paperless office and virtual employees that work from anywhere in the U.S. This set-up bridges the gap between an international company and its U.S. subsidiary. The international business owner can focus on running and expanding his business, while the financial controller and full-charge bookkeeper, employed and managed by AccountingDepartment.com, ensures that all financial records are kept according to U.S. standards and specifications.
Running a multi-national business can be stressful, and the bookkeeping can be complicated. The U.S. follows different accounting standards than other countries. For an international business looking to expand into the U.S., a U.S.-based virtual accounting service, available when you need us, is the right choice.
