The Bottom Line

With a dedicated team of professionals accountable for the accuracy and timeliness of your financial data, you and your management team are free to concentrate on business activities that directly drive your bottom line.

A VirtualAccounting Department frees up office space, resources, and expenditures that can either be eliminated or re-purposed to support business activities that generate revenue.

AccountingDepartment.com conducts an in-depth analysis of your existing accounting data file, your financial information needs, and desired areas of improvement. AccountingDepartment.com then develops the scope of work needed to provide your business with complete accounting and controllership services, and offers these services to your business at a fixed monthly fee.

Finding skilled, experienced professionals to handle your daily accounting and bookkeeping is a laborious and time-consuming process. AccountingDepartment.com takes over the responsibility of staffing your accounting department. AccountingDepartment.com receives approximately 10 resumes a day, 365 days a year. Of the people who send resumes, roughly 33% are selected for pre-hire testing. Only 5% of candidates who take the test actually score high enough to move into the interview process. After the thorough pre-hire interview process, only 50% of those interviewed meet the extremely high hiring qualifications at AccountingDepartment.com and are offered positions on our team. Put simply, our people are the best in the industry. Doesn’t your business deserve the best?

When you work with the Virtual Accounting Department at AccountingDepartment.com, there is no further need to worry about required and desired training for your accounting staff. AccountingDepartment.com ensures that your accounting team is fully trained on accounting principles and best practices and government compliance requirements.

Your accounting data is stored on servers in an SAS70, Type II certified data center with 24x7x365 on-site management, restricted access and continuously monitored surveillance. The data center is self-contained, with redundant climate control and fire suppression, UPS-redundant battery back-up with diesel generator for prolonged local power outages, 12-inch thick poured concrete walls, reinforced earthquake-resistant ceiling, and three-foot raised flooring for under-floor cooling and ventilation Your records are secure, backed up, and always available when you need them. Your accounting data and documents can only be accessed by your AccountingDepartment.com team and company personnel that you select.

At AccountingDepartment.com, your accounting is done properly every day. Each month, your accounting data is reviewed by your AccountingDepartment.com controller, financial reports are presented and explained, and your books are closed for the period. At year end, your records are up-to-date and ready for use in preparation of income tax returns and compiled, reviewed, or audited financial statements. Your AccountingDepartment.com team can work with your tax preparer or independent auditor throughout the year to ensure that financial data is presented correctly for your reporting needs.

Having an accounting department outside your community ensures greater privacy for your business information. Since AccountingDepartment.com employees reside all across the United States, AccountingDepartment.com is able to select your accounting team from personnel that do not live in your area. This minimizes the potential for information about your business status and finances to become the topic of conversation at the local bar or next week’s church social.

AccountingDepartment.com develops customized reports to provide the financial information you need to manage and grow your business. Your AccountingDepartment.com accounting team works with you to determine the frequency at which information is needed, and delivers that information to you on time, every time. In addition, AccountingDepartment.com gives you 24/7 access to live financial dashboards based on these reports that are updated automatically as new activity is posted in your accounting file.

AccountingDepartment.com has developed and standardized consistent policies and procedures to streamline the accounting process. All AccountingDepartment.com employees are trained on these policies and procedures. Adherence to these standards and practices creates consistency and accountability throughout AccountingDepartment.com, and ensures that your monthly financial report package is both timely and accurate. In addition, policies and procedures specific to each client are developed and compiled in an internal Client Procedures Manual. This document includes detailed instructions for capturing each client’s daily financial activity, as well as specific tasks to be performed for monthly, quarterly, and annual closings.

AccountingDepartment.com recruits and hires only from within the United States. Your accounting team is made up AccountingDepartment.com employees – your financial records are not passed on to subcontractors, and no work is done overseas.