Client Advisory and Accounting Services

LBMC understands that businesses require adaptable and innovative outsourced accounting solutions to remain competitive. Our finance and accounting outsourcing services are designed to meet the needs of both emerging and established organizations. As a leading accounting services company, we combine people, processes, and technology to deliver precise financial oversight.

We act as an outsourced accounting department, providing seamless integration into your existing operations. Whether you are a small startup or a growing enterprise, our team is committed to enhancing your financial processes and supporting your strategic goals.

Outsourced Accounting Services

LBMC’s Accounting Services include the following, which can be tailored to your unique circumstances and needs:

• Maintain the general ledger, including recording transactions and reconciling balances
• Prepare financial statements on an interim and annual basis
• Process accounts payable and prepare checks for signature
• Maintain fixed asset and depreciation records for book, tax and state purposes
• Calculate incentive compensation and owner profit allocations
• Prepare operating and financial budgets and key performance indices
• Prepare 1099s for vendors
• Prepare reports for compliance requirements, such as workers’ compensation, tangible personal property requirements, business licenses, unclaimed property, etc.
• Meet with management as needed to provide financial oversight and to review financial reporting, trends, cash flow and other business issues
• Provide assistance and training on accounting procedures and internal control:
• Reconciliation procedures (cash, sales, payables)
• Related party accounts balancing procedures
• Posting of manual checks and cash transactions
• Posting of payroll expenses
• Posting of recurring monthly journal entries (depreciation, amortization, debt service, intercompany charges and expense accruals)
• Inventory adjustments
• Computations of bonuses
• Provide year-end tax planning for businesses and owners

Payroll Services

As a reliable bookkeeping outsourcing company, LBMC ensures payroll accuracy and compliance:

• Process payroll accurately and timely
• Report on real-time data
• File federal, state and local payroll tax returns
• Calculate and deposit all payroll tax returns
• Process and print W-2s

Consulting Services

Our team provides expert consulting for:

• Improved use of accounting software, such as QuickBooks and Intacct – a cloud-based accounting and financial management software
• Audit of workers’ compensation
• Audit of state unemployment taxes
• Audit of tangible personal property

1. Proven Expertise: As one of the leading outsourced accounting firms, LBMC brings decades of experience across various industries.
2. Cost-Effective Solutions: Our finance outsourcing company services reduce operational costs and optimize resource allocation.
3. Scalable Services: Whether you need ongoing support or short-term assistance, LBMC offers adaptable outsourced bookkeeping and accounting solutions.
4. Trusted Advisor Role: With a strong focus on transparency and communication, we build long-term partnerships based on trust.
5. Technology-Driven Solutions: We leverage advanced outsourced accounting systems to provide real-time financial insights and streamlined processes.

LBMC’s financial accounting outsourcing services are designed to provide clear, actionable insights. By outsourcing your financial functions to LBMC, you gain:

• Improved financial visibility
• Enhanced internal controls and compliance
• Accurate and timely reporting
• Strategic financial advice from seasoned experts

We cater to a wide range of businesses, from small firms to complex enterprises, ensuring personalized attention and tailored services.

Our finance and accounting services are more than just transactional—they are strategic partnerships aimed at empowering your business. LBMC stands out among finance outsourcing companies because of our commitment to excellence, customized solutions, and long-standing client relationships.

We work closely with banks, attorneys, brokers and other advisors to relieve business leaders of the technical and time-consuming tasks of accounting, financial reporting, payroll, budgeting, compliance and analysis, while also strengthening internal control and financial oversight.

Whether you’re looking for a financial accounting outsourcing provider, outsourced CFO, outsourced controller, or a bookkeeping outsourcing company, LBMC’s comprehensive approach ensures that your financial operations are managed with precision and care.

Let’s Start a Conversation

Our team of professionals is ready to discuss ways outsourced accounting can benefit you and your unique business challenges. Contact us today to explore how LBMC can serve as your outsourced finance partner.