FAQs
	What does AccountantAnywhere stand for?
	Does AccountantAnywhere provide non-accounting services?
	I am thinking about starting a business. Why do I need AccountantAnywhere?
	I have just started a business. Why do I need AccountantAnywhere?
	I already have a bookkeeper. Why do I need AccountantAnywhere?
	I already have an accounting staff. Why do I need AccountantAnywhere?
	I just downsized and fired my accounting staff. Why do I need AccountantAnywhere?
	Is there a minimum commitment required to use AccountantAnywhere?
	Does AccountantAnywhere replace my auditor?
	How much does AccountantAnywhere cost?
	How can AccountantAnywhere complete financial statements at 50% of the cost?
	How does AccountantAnywhere maintain the confidentiality of client data and financial statements?
	Does a CPA have to tell his clients that their financial statements are being processed by AccountantAnywhere?
	How does AccountantAnywhere offshore team stay informed of current U.S. accounting practices?
	What accounting software do I have to use?
	What does AccountantAnywhere stand for?
	BPO is an acronym for Business Process Outsourcing. Traditionally, Business Process Outsourcing has been a management tool available only to large companies. These companies saved millions of dollars by outsourcing their non-core functions, such as accounting, finance and Human Resources to specialized service providers. AccountantAnywhere provides outsourcing of these back-office functions to small, mid-size, emerging growth companies and practicing Certified Public Accountants (CPAs).
	Does AccountantAnywhere provide non-accounting services?
	AccountantAnywhere provides other "back office" services such as data entry. It can consist of any data entry service in standard MS office formats, stand alone software or web-based software. Please refer services page for details.
	I am thinking about starting a business. Why do I need AccountantAnywhere?
	AccountantAnywhere has helped no. of start-up ventures. There are many important decisions that need to be made with the help of someone experienced with complex accounting, financing, business, and tax issues. One example is the preparation of financial projections to be included in the business plan. These projections are used to formulate a financing strategy and, upon funding, a tax strategy to minimize taxes. After funding, there are several other issues that need to be immediately addressed such as selecting affordable accounting software, establishing budgets, implementing policies, procedures and authorizations, registering the business with the appropriate local, state and federal agencies, establishing a month-end closing schedule to ensure timely, accurate financial statements.
	I have just started a business. Why do I need AccountantAnywhere?
	Congratulations! There are now several issues that need to be discussed and actions taken. Some examples are the type of accounting software to be purchased and implemented (we always emphasize keeping this expense to a minimum, as most low end packages now offer much of the same functionality as the expensive, industry specific packages), the policies and procedures (who can buy what and how much can they spend), accounting policies (how and when do you recognize revenue), establishing a month-end closing schedules to ensure timely, accurate financial statements, compensation strategies (including stock options, restricted stock, employee benefits), establishing a filing system (believe us, this is extremely important and a good, neat, organized filing system saves much time and many headaches in the future). AccountanAnywhere has experts in these areas who will help you in these tasks in the initial business phase.
	I already have a bookkeeper. Why do I need AccountantAnywhere?
	Most bookkeepers do a great job. Remember though, they usually do not have the experience to address many of the complex issues that face small businesses today. Many of these issues do not surface until they become a problem. These issues, and there are many, will inevitably "rear their ugly head" at the most inopportune time, if ignored, or are not properly addressed. Bookkeepers record transactions, but often do not know the full implication of the transactions for financial statement and tax purposes. Also, many business owners do not have the background to properly train and supervise a bookkeeper. Bookkeepers can make bad decisions if there is no one to answer complex financial questions. We pride ourselves on building trust and rapport with our client's staff and we are always reachable by phone. We strongly encourage them to contact us with questions or issues at any time.
	I already have an accounting staff. Why do I need AccountantAnywhere?
	Most accounting staff employees have limited work experience. They perhaps have worked at two or three other companies where they reported to a more senior accountant. They may now be reporting to the business owner who has a background in general business, engineering or sales - probably not finance or accounting. There may be many areas where these staff accountants do not have experience and need guidance. AccountantAnywhere can provide this guidance and management. This enables the staff accountant to grow and to gain the experience to properly address these issues. Eventually, the staff accountant can be promoted to Controller or CFO and then becomes a more valuable and dedicated employee. At that time, the talents of AccountantAnywhere may not be needed. This is a win-win situation. It is a win for AccountantAnywhere because we were successful in our mission, which is to help our clients grow, and a win for you because you now have an accounting staff that can bring you to the next level.
	I just downsized and fired my accounting staff. Why do I need AccountantAnywhere?
	Although your business size has reduced in terms of sales and number of employees, there are still bills to pay, payrolls to process, financial statements to prepare, bankers and investors to satisfy, business plans and projections to be updated, new sources of capital to be sought, analyses of costs to be completed, cash flows analyses to be prepared, etc. The need for timely, accurate, professional and, perhaps most importantly, affordable accounting and finance information is now more important than ever. The presence of a financial professional is also critical to keep the confidence of investors and bankers during these uncertain timesAccouuntantAnywhere can perform the routine accounting and bookkeeping functions and provide the higher-level (CFO and Controllership) assistance that is critically needed during these times. AccountantAnywhere will work with you to ensure that all of your needs are addressed in a timely and affordable manner.
	Is there a minimum commitment required to use AccountantAnywhere?
	No. We are committed to meet your needs. Our experience has taught us that every client is different and there is no "one size fits all" solution. We know that every company has a different culture and every CEO a different management style. We pride ourselves on being very flexible. We believe strongly in giving clients the flexibility to use AccountantAnywhere as much or as little as they feel comfortable and justified. We have clients who use us several days a week and other clients who use us a couple of times a year. Our commitment to serve these different clients is the same. We will always offer clients a fixed price, or hourly arrangement and give them the flexibility to switch from one arrangement to another any time.
	Does AccountantAnywhere replace my auditor?
	No. Your auditor is an independent, outside accountant that delivers audited or reviewed financial statements and is very important to the success of your business. AccountantAnywhere represents you and your business and should be considered your inside accountant. AccountantAnywhere shall answer all the accounting queries of your auditor.
	How much does AccountantAnywhere cost?
	The cost is dependent on many factors, such as the number of hours involved, the number of entries to be keyed in, the volume of non-accounting data, the function to be staffed, the project to be completed, etc. AccountantAnywhere always ensures that the scope and the timing of the assignment are clearly defined and a budget established. AccountantAnywhere always offers an hourly or a fixed price arrangement. We feel strongly believe that our advice, experience and work ethic will result in savings and efficiencies that greatly exceed the fee paid to AccountantAnywhere.
	How can AccountantAnywhere complete financial statements at 50% of the cost?
	The cost of AccountantAnywhere offshore team is significantly less than U.S. based accountants. High caliber accountants are available at lower costs.
	How does AccountantAnywhere maintain the confidentiality of client data and financial statements?
	Original client documents never leave your site; they are scanned and sent via e-fax or fax. The AccountantAnywhere team subscribes to a code of professional ethics that mirror those of the AICPA and sign non-disclosure agreements to protect your confidential information.
	Does a CPA have to tell his clients that their financial statements are being processed by AccountantAnywhere?
	AccountantAnywhere operates as an extension of your organization and the preparation of financial statements may be seamless to your clients. Your team is responsible for final reviews and approvals prior to delivery to your clients.
	How does AccountantAnywhere offshore team stay informed of current U.S. accounting practices?
	AccountantAnywhere offshore team participates regularly in training programs conducted by Quick books, Intacct, Peachtree and others. In addition, AccountantAnywhere trains their teams based on client needs and client specific software.
	What accounting software do I have to use?
	AccountantAnywhere will use the software of your choice including Quick Books, Intacct, Peach Tree and others.
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