Back-office Accounting


back office accounting

We value our customers and make them happy by meeting their expectations. As the name implies, back office accounting supports the front office of a business. While an owner can make a decision about the accounting process, the change is often made for the purpose of the front office. In short, accounting should be able to provide meaningful data on how to best improve the company’s overall business operations. When a small business cannot continue its accounting in house, an option may be to outsource back office accounting practices to a third party. Larger organizations may be able to outsource accounting services to international companies.

back office accounting

We perform the best to keep you at the top position among the list of your competitors. Hiring us you won’t miss performing any legal requirement and business regulation. Back Office Special Accountants has a team of QuickBooks specialists who can provide you a guided QuickBook assistance and valuable expert suggestion. The experts at Back Office Accountants can help you out in using different versions of QuickBooks with several available tools. Our greatest marketing strength is our client’s trust and customer satisfaction.

Back Office Accounting

We have a team of experts having good bookkeeping knowledge to perform your accounting requirements. We use QuickBooks Online, QuickBooks Desktop, Oracle Netsuite ERP, Bill.com ,Propertyware, MAS90, Sage Intacct, Microsoft Dynamics GP, AP Centre, R365 and AvidXchange. We maintain a great level of business confidentiality and keep your customer secrets. Our staffs are to comply with the security policy of the company and act against unauthorized data access. We have Firewalls and antivirus installed on servers and workstations for better data security.

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Sorry, we cannot share our customer reference publicly as it is beyond our business ethics. However, you can refer to the customer review and rating on the service page of our website, which is the real-life experience written by some of our satisfied customers. Other than that you can log on to our webpage to know the detail of our company, our vision, the work history and detail of our service team for all your assurance. We perform your accounting work at the backend remotely to enable you to deal with the front office effectively. Your work will be going to be checked on every level by different accounting persons. Thus you will get 100 percent accuracy due to this checking and rechecking process.

How many Projects Can I send to Back Office Accountants at one time?

You will receive a year-end financial package that has all of the information you need to file your taxes. We can work directly with your CPA or accountant or connect you with one, to make sure that taxes are filed on a timely manner. Our team can do a full year’s worth of bookkeeping in just a few weeks. With 20+ professional US based bookkeepers in-house, we always have the consistently to handle your next customer’s bookkeeping.

  • MoneyPenny provides accountants, bookkeepers and CFOs with dedicated trained accountants.
  • While legacy systems focus everything around the physical good or, for HR-based systems, around the employee, it has become clear that this model isn’t ideal for organizations with a major services component.
  • Without this understanding, it’s extremely difficult to make decisions, allocate resources, and plan for the future.
  • As a business owner focused on managing operations and creating shareholder value, you seldom have time to oversee your accounting department.

Our professional becomes a valuable member of your team and ensures that your finance and accounting functions are properly executed. Although back-office staff members do not interact with customers, they tend to actively interact with front-office staff. For example, a manufacturing equipment salesperson may enlist the help of back-office staff to provide accurate information on inventory and pricing structures. Real estate marketing professionals frequently interact with sales agents to create attractive and relevant marketing materials. And IT professionals regularly interact with all divisions within the company to ensure proper functioning systems. Firstly, considering us is a cost-effective approach rather than keeping an in-house accounting department.

Professional Management

Our work with the financial managers of multi-entity organizations –those with multiple legal, geographic, and/or business units— led us to consider their most pressing operating needs. Manager’s report they need to accelerate performance evaluation, while maintaining controls for Inter— and Intracompany transactions. To meet the new contract-based rev rec standards you look for ways to modify your existing ERP. This may involve repurposing your system, leaving you with a “Frankenstein” solution. Based on your needs, our staff accountants work under the direction of your controller/CFO or in combination with one of our outsource service offerings. Many business school students from non-target colleges and universities see Back Office work as a way to gain experience within a firm and potentially network up into the Front Office roles.

What is back office transaction?

The back office is the portion of a company made up of administration and support personnel. These functions include order fulfilment, applications processing and validation, billing and collections, accounting, payroll and other transaction processing.

Outsourcing back-office accounting tasks can help businesses build a new layer of competitive advantage. Leaders can invest the cost and time savings they realize into exciting new initiatives that drive why do single people have to pay more taxes future growth while benefiting from seamless access to higher-quality financial information. Don’t wait for the monthly close or a quarterly review to make game-changing decisions for your business.

Ongoing Support

Finance leaders at companies with limited ERPs often find themselves in the position of either saying no to a new and potentially lucrative pricing strategy or committing to managing it with Excel. Armed with the right data and technologies, today’s finance teams can do much more than manage compliance and risk. They can provide valuable strategic guidance to sales and marketing, advance new pricing models, and streamline the path from order to cash. The key is rethinking the back office solution and demanding more from your staff and your technology. While legacy systems focus everything around the physical good or, for HR-based systems, around the employee, it has become clear that this model isn’t ideal for organizations with a major services component. Ideally, the applications that make up the back office software systems will unify and share data across the various departments (accounting, sales, services, manufacturing, etc.) that generate the data.

What are back office operations examples?

In comparison, back-office operations are the portion of a company that function to support the front office and ensure everything is running smoothly. Examples of this include HR, accounting, payroll, clearing and settling trades, and regulatory or compliance work.


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