Outsourced Accounting for the investor

Working Hand-in-Hand Toward the Same Goal

There is a key relationship between the investor and its investments.  The goal of the investor is to nurture and develop its companies into profitable enterprises and obtain a positive return on that initial investment.  The secret ingredient to ensuring a better chance at success for the investment is outsourcing the accounting of each portfolio company.  Outsourcing ensures a flexible, scalable way to manage and understand the financial health of each company.  The business can operate with expert financial guidance, and the investor can have visibility over the investment.

Nurture the Initial Spark that Led You to Invest

Not only did they have a good pitch, solid numbers and a good start, the company the investor put its faith into had an intangible essence.  This is the passion behind the cool idea or product.  The more the creative driving force of the company is in the weeds of the non-creative business end of things, the dimmer that spark can get.  Keeping the creator free to execute new ideas, design new things and network with their clients and vendors, the brighter that company will shine.

Outsourcing the bookkeeping and accounting of each company allows more time for the business founder to create and innovate.  They focus on growing the magic behind the concept, while Accountfully focuses on keeping the numbers up to date and in check.  We stay on top of the day to day and advise company decision makers on how to move forward to meet their financial goals.  This keeps the investor’s money working most efficiently in each venture and the business owner out of the number weeds.

We Deal In Many Industries, Like A Keen Investor

A savvy investor knows that diversifying funds is a great way to see better success.  While many investment firms choose to stick within a certain industry, many have stakes in a variety of business niches.  Accountfully has experience supporting different industries, from complex inventory based businesses to the creative service industries.  The majority of these companies are in the start-up phase and looking for a flexible approach to their accounting as they grow.  This experience in nurturing smaller companies and acting as a partner in their growth is very much in line with most companies in an investor's

 portfolio.  We understand the need for flexibility as growth occurs.  Most of the time, just having consistent oversight and expert guidance are the main tools to allow companies to flourish.  Chances are, with our diverse client book, we have helped a business in your portfolio's niche.

To See Some of Our Success in Action:

• Meet Some of Our Clients
• Read Our Case Studies

We Track and Translate The Complicated Numbers and Understand the Economics

It is in its best interest to understand each company, inside out.  Keeping up to date records and understanding the financial pulse of the company, means spotting potential challenges early on, while they are manageable.

Perhaps one of the most complex inventory-based companies is that of the food entrepreneur.  We have vast experience managing the accounting for ingredients (aka inventory) with a track record of helping businesses in this space grow and thrive.  We get the economics side of each business, and understand the more complicated pieces, such as gross profit margin, by digging in and tracking the true costs of goods sold, then we display it in an easy to understand, graphic based presentation.

• Learn About Accountfully's Proprietary Inventory Workbook
• Read Accountfully's Take on Accounting for Inventory

We offer clean, understandable methods to show key performance indicators for inventory and service based companies - KPIs and inventory for the non- accountant eye. We track true costs of goods sold using our proprietary Inventory and Digital Agency Workbooks.  We also employ software programs such as DEAR inventory and Fathom, which show KPIs, predict and analyze trends and show it all in a clean, understandable format.    

On a monthly basis, we prepare forecasts and budgets and perform inventory and reporting and analysis. Helping clients identify the right KPIs is also a critical part of our CFO advisory services. Having the right KPIs in place that are then tracked and analyzed is key for a business leader to be set up for success.  We also work with our clients to set up customized data dashboards to empower teams and business leaders with the latest information. Optimizing financial controls and data sharing is key for success.

Nationally Based Company and Clients

Like the unique brands of the investor’s portfolio, are the locations they hail from.  Accountfully has clients that span the nation, many with international satellite offices.  We are headquartered in Charleston, SC, with a location in Nashville, TN - two up and coming locales as it relates to cutting edge businesses and culture.  Since we are designed to operate from anywhere, location is not a challenge to providing support to companies beyond our office locations.  

We help implement cloud based operations into our client’s companies too, which provides more efficient, streamlined functionality and helps them stay on the cutting edge.  Location is not a hindrance to providing the best bookkeeping and accounting services.

• See Accountfully's Top Cloud Based Business Tools
• View An Interactive Map of Accountfully's Client Base

We Operate in the Future and On The Cloud

Streamlining and process improvement is inherent in the implementation of cloud based systems and modern processes we put in place for our clients.  We don’t stay tied to paper or location at our office, so why should our clients?  Just like the modern business owner, there is no need to be hindered by old school business practices.  We use, recommend and implement all cloud-based software; from Quickbooks Online, to KPI and inventory management tools like Fathom and DEAR, to payment providers, like Bill.com.  All of these new cloud based programs integrate together and allow for automations that translate into increased productivity and money saved. 

The jet setting business owner (and investor) can access their financials and make choices from anywhere, and focus on that hustle, not fret over getting back to an office. 

Here’s a quick example:  You have a big meeting with your team to update them on the health of the portfolio.  You get great news last minute about a major deal one of the company owners made.  You want more than an added line in your slide, you want realistic projections and details to share to your savvy team.  

Picture this:

One of your portfolio companies just made a big deal and will be selling their products through a major retailer.  Ready to talk about the stats of this new uptick in success, but you are 1,000 miles away in a hotel ready to present to the team tomorrow?  Cool - grab the stats from Accountfully, and add it to your presentation, so your team can see the new, more favorable projections.  Better yet, the business owner can relax and focus on getting their product out, not stay up all night trying to gather stats and numbers for you at the last minute.

The benefits of a cloud based functionality don’t end with convenience and freedom of movement.  Having the ability to operate from anywhere means having the tools to hire the best talent without location being a challenge, have better business continuity and be flexible in where you access your numbers.  The more modern your portfolio is in how they function, the better chance at their success, and the investor’s return.

We Integrate Into The Company as Part of the Team

As part of our basic outsourcing services, we manage an accounting@yourbusiness email address.  This allows a seamless point of contact for vendors, customers and payment providers and integrates nicely into business operations.  We closely manage payments and stay in touch with clients that owe money and manage the relationship with key vendors.

Each client receives a dedicated team of three accountants working on their business.  This means a consistent team at each company’s disposal with multiple layers of expertise.  From the staff accountant level, to manager, there is coverage and support.  Not only is Accountfully diligently keeping the books up to date, they are answering questions and advising on a consistent basis, so company decision makers know how best to plan and grow.

• Meet The Team