Why Outsource Accounting to Corporate BackOffice?
Bookkeeping is a “Means to an End”, Not “An End by Itself” – this is what really differentiates Corporate BackOffice from the other Accounting Outsource service providers
In my past career as a CFO of companies, I noticed many Accountants rushed through datelines to churn out tons of financial reports.
Then they would rush to submit these Reports to their bosses, and that’s it, call it a day and go home.
This is really a waste of both the Accountants’ time and their Bosses’ time.
Let me explain…
Bosses usually :
* do not have much time for details
* are not trained to look at stacks of accounting reports to arrive at their own conclusions
Accountants on the other hand, they ….
* are too details driven
* too transactional driven
* lack the Big-Picture perspective
* do not have much business sense
At Corporate BackOffice…
* we not only train our Accounting Staff to be good Accountants to do “Proper Bookkeeping”, we train them to review the clients’ Financial Statements from the angle of a Business man.
* We train our Accounting Staff to behave like “Business Owners”.
Corporate BackOffice prides ourselves in value-adding to our clients by :
* Generating good quality Accounting Reports
* Always Reconcile Accounting Net Profits to Actual Cash balances at Bank at end of the Accounting Period
* Analyze financial reports 360 degree,
* Ask good quality questions
* Do rolling Forecasts to anticipate how Clients’ business would turn out either at end of the whole fiscal year or at least 3 months ahead
* If possible, Do Sensitivity Analysis – ie Base, Worse and Best case scenarios
* Do Market Benchmarking if information is available, and
* “Challenge” the clients on their existing business model and their various business actions in order to leap frog their Competitors
To experience the above Bookkeeping with a difference, contact us at :
(O) +65 63851011
(M) +65 9088 0669
(E) [email protected]
