Outsourced Back-office Providers

July 08, 2022

by a searcher from Columbia University - Columbia Business School in Los Angeles, CA, USA

Any one have any recommendations for high quality outsourced book-keeping services for small business and other potential financial functions e.g. receivables, payables tracking, etc.

Many small businesses can't support a thoughtful CFO hire due to size and potentially need.

2 Likes

29 Replies

243 Views

Replies

Reply by a searcher
from Stanford University in Sausalito, CA 94965, USA

Thanks Lisa! Hi Daniel - nice to meet you. I acquired System Six ~12 months ago and since then we've been fortunate to starts serving several searchers - both traditional and self funded searchers. We are an outsourced accounting & financial operations business - bookkeeping, payroll, bill-pay, invoicing, etc. We specialize in first modernizing financial tech-stack (accounting software, AP, payroll etc) and then managing it on a high-touch, personalized go-forward basis. We're a fully remote, US team of ~30 serving ~200 small/medium businesses and organizations. Please reach out - redacted Happy to discuss anything here.

Reply by a professional
from University of Pennsylvania in New York, NY, USA

Hi Ken. Typically, you get what you pay for. Currently, I use a firm that just does basic bookkeeping (reconciling bank and credit card activity in QBO). We pay $500 a month. If you want them to handle billing and AP, it would be a little bit more. If you want them to build investor reporting and KPIs, that would be an additional fee. Same with filing taxes. If you want to add fractional CFO services (financial modeling, fundraising), it would be even more. For fractional CFO services and bookkeeping, I've heard that prices generally start around $2k per month.

+27 more replies.

Join the discussion