40-60% Cost Savings
Skilled Employees
300+ Clients Globally
OHI has a high level of expertise in outsourcing accounts, bookkeeping and writeup services for CPA firms across US, UK and Canada. Our expertise spans most popular and often used small business accounting software popular in North America and UK such as QuickBooks (All Versions including Accountants and Enterprise Versions), Sage 50, Quicken, FreshBooks, Netsuite among others. We have performed write-up, bookkeeping and financial statement preparation services for CPA clients’ spanning across retail stores, gas stations, IT firms, wholesalers and distribution firms, general contractors, medical practitioners, lawyers, salons, restaurants and many others.
The indicative standard charges for Junior and Senior Accountant roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.
Junior accountants typically provide the following accounting services – accounts payable, accounts receivable, bank, credit card and vendor reconciliation, general ledger accounting and basic management reporting.
Staff Accountant can provide the following accounting services- General ledger accounting, payroll, monthly closing of books including finalization, simple monthly reporting with variance analysis.
Our accountants are well trained in advanced accounting, principles, software, controls and processes. We are having every level of accountants according to work requirement and intensity. Our team is comprised of Chartered Accountants (equivalent to CPAs), Seniors Accountants, Financial analysts & well trained Junior Accountants. All of them have an undergraduate/graduate degree in Accounting and some of them have Chartered Accountancy certifications and MBAs. Junior accountants have good experience and knowledge of daily accounting activities while Senior Accountants additionally have good balance sheet knowledge and financial analysis and reporting skills. For detailed profile you can view our “Staffing Profile” section.
“Write-up” means process of preparing routine financial books from limited resources. Instead of gathering and providing all the specific information to accountant, client provides summarized information and forwards it. This would be information such as bank statements, check register and any other information that pertains to the period activity. The accountant, combines the information, organizes it according to the requirement of the client and issues a complete set of financial statements. It is predominantly computed on a cash basis accounting.
Outsourcing does not impact the control the CPA has over their clients’ books. Accountability and control improves through outsourcing as we provide you a dedicated accountant for performing our services. The use of features like time tracking software, audit rail in accounting software, restricted access/action rights in software enhance accountability. Similarly the accountants can be easily communicated over through emails, Skype chats, and phone calls on US Phone Numbers (that land at our centre) make it easy to reach across to your accountants. Accountant will reply and work accordingly to deliver accurate and up-to-date financial output. You’ll require limited supervision and attention for bookkeeping quality control, once the process is established and instead you can invest more time in business increase opportunities.
Your software needs are dependent upon the accounting needs and volume of your business. Two of the most important questions to ask are:
Our accountants are expert is most popular software among CPA firms i.e. QuickBooks, Quicken, Peachtree, Simply Accounting, Sage Line50, Great Plains, Caseware, Easy Accounting, MYOB, Professional Accounting 7, and Multiledger.
Our accountants have experience in variety of industry specific accounting by working with different CPA firms. We can handle accurately and confidently account books of different nature of businesses, like gas stations, restaurants and cafes, IT firms, retail stores, distribution firms, general contractors, doctors, salons and many others.
Our accountants have varied expertise and understanding of US GAAP principles depending on their experience and education. All our accountants have a good understanding of basic and simple income statement and balance sheet related US GAAP principles. In addition, Senior Accountants have sound knowledge of most accounting principles used for preparing of financial statements, like balance sheets, income and cash flow statements. If a project requires in-depth knowledge of specialized US GAAP sections, then we have access to very Senior Accountants with deep knowledge of US GAAP principles. They are involved in specific projects on a case to case basis.
Primarily there are two ways suitable ways to execute accounting outsourcing services for CPA firms namely Offline Accounting File Based and Remote PC Access Based. In Offline accounting based method, accountant works on the backup copy of the accounting file uploaded on server by client. Once the work has been completed the file is uploaded back to the server by the Indian team. This process suits CPA firms handling small businesses with work can be done faster and conveniently remotely. This method is not suitable for clients who need access to accounting files on a real time or frequent basis. In Remote PC Access based method, the accountant connects to the clients’ PC using a remote desktop access service to work on the accounting software and files available on client’s computer. He/She may alternately access web-based accounting software to update books also. This option works for CPA firms who want to retain control over the accounting file and whose onsite staff/client need consistent access to the accounting files. For detailed overview about technology options, please view our “Technology involved in Accounting Outsourcing” section.
We have worked with multiple CPA clients across Dallas, Miami, New York, Los Angeles, Ontario, Vancouver, and Alberta among others. They have ranged from single person accounting companies to multi-partner multi-location CPA firms.
