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Outsourced Accounting Services
Outsourced Accounting

Accurate books, and the financial data you need to decide.

From the routine of accounts payable, accounts receivable, and payroll, to the monthly close of the general ledger, financial statements, and related reporting, we can handle the whole function, or augment the team you already have.

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GOALS AND TYPICAL OUTCOMES AT A GLANCE
COMMITMENT
Ongoing, and sized to what you use.
TYPICAL TRIGGER
A function that has outgrown its staffing, or one you would rather not build.
WHO DOES THE WORK
A dedicated team of experienced financial professionals.
WHAT YOU AVOID
Recruiting, hiring, and managing accounting staff.
You pay only for what you need, and the expertise is there when the work spikes.
WHEN THIS IS THE RIGHT CALL

You are probably a candidate if one of these is true right now.

Most engagements start with one gap and expand once the reporting starts arriving on time.

01
You would like to outsource your entire finance and accounting function.
02
You hope to augment the accounting department you already have.
03
You have a project that needs additional financial focus.
04
You want to change and improve your current approach to accounting, increasing efficiency and the quality of the information it produces.
What do our Outsourced Accounting services include?

Everything from the daily routine to the monthly close, and everything in between.

A flexible staffing model that fits your growth requirements, without the hiring overhead.

01

Transaction processing

Accounts payable, accounts receivable, and payroll, run on schedule and reconciled rather than caught up later.

02

The monthly close

Closing the general ledger each month, with preparation of financial statements and the related financial reports.

03

Reporting you can decide from

A dedicated team that ensures accurate books and delivers the financial data you need to make intelligent decisions.

04

Tax planning and reporting

Effective tax planning and financial reporting handled alongside the accounting, not bolted on at year end.

WHO LEADS IT

The team behind the books is the same team every month.

Outsourcing to us is not a call center. You work with named professionals who know your business, escalate to a Practice Leader when the question is strategic, and stay through the growth that changes what the function needs to do.

MEET THE LEADERSHIP TEAM →
Outsourcing the financial reporting function preserved cash for R&D and allowed a small organization to operate as a fully public company, without building out a full-time finance department.
From a life sciences engagement, inception through acquisition
COMMON QUESTIONS

Straight answers, before you ask.

What does an interim CFO do?

An interim CFO works with your CEO, management team and board on the real decisions, with the same authority and scope your permanent CFO would carry. That means strategic counsel to the CEO, oversight of accounting and the supporting functions, reassurance for the board, investors, banks and auditors during a leadership change, and a clean handover to the permanent hire.

When should I bring in an interim CFO?

When you unexpectedly lose your CFO and want the seat filled while you run a search, when a sale, merger or debt raise needs specialized financial expertise, when you are planning for a break in CFO staffing due to parental or medical leave, or when your board, investors or lenders need to see a steady hand on finance between leaders.

How much does an interim CFO cost?

There is no one-size-fits-all answer. An interim engagement is typically full-time for the length of the transition, so the cost depends on the scope and how long the seat needs covering. The best way to determine the right level of investment is to discuss your situation with us in a complimentary consultation.

What is a fractional CFO?

A fractional CFO gives you senior financial leadership on a regular, part-time basis, without the cost or the commitment of a full-time hire.

Who is a fractional CFO right for?

Mid-sized organizations that need CFO-level work but cannot justify a full-time CFO on payroll, start-ups that have advanced beyond basic accounting and need a senior financial advisor part-time, and companies whose finance function works but has nobody qualified to sit across from the board or the bank.

How much does a fractional CFO cost?

There is no one-size-fits-all answer. The cost depends on the level of expertise, scope and amount of support you need, and hours move with the business, with no renegotiation for a busy quarter. The best way to determine the right level of investment is to discuss your situation with us in a complimentary consultation.

What does outsourced accounting include?

Accounts payable, accounts receivable and payroll, closing the general ledger each month, financial statements and the related reporting, plus tax planning and reporting handled alongside the accounting.

Can you work with the accounting team we already have?

Yes. We can handle the whole finance and accounting function, or augment the accounting department you already have.

How much does outsourced accounting cost?

It is ongoing and sized to what you use. You pay only for what you need, and the expertise is there when the work spikes. The best way to determine the right level of investment is to discuss your situation with us in a complimentary consultation.

What does financial consulting cover?

Mergers and acquisitions, IPO preparation and fundraising, audit preparation and SEC reporting, government grant and contract accounting, and transfer pricing analysis and the other specialized work that arrives without warning.

How long does a financial consulting engagement last?

It is project-based, for the length of the initiative: an audit, a transaction, a raise or a reporting obligation.

How much does financial consulting cost?

There is no one-size-fits-all answer. The work is project-based, so the cost follows the scope of the initiative. The best way to determine the right level of investment is to discuss your situation with us in a complimentary consultation.

What is AI-enabled finance at Charles River CFO?

It is a capability we offer where it fits a client's books. Not every client's close runs on it. Where it does, the close runs on a purpose-built AI close platform, and every deliverable is reviewed and approved by a named, Big 4-trained professional before it reaches you.

Do we have to move our books to a new system?

No. Your books stay in your own ledger, always. Nothing proprietary, nothing to migrate.

How much does AI-enabled finance cost?

There is no one-size-fits-all answer. The cost depends on the scope of the close and reporting you need. The best way to determine the right level of investment is to discuss your situation with us in a complimentary consultation.

What does tax consulting cover?

A complete review of your business entity structure and tax classification, U.S., state and local income and sales tax obligations and available credits, international tax and transfer pricing, and the deductions and credits that have been overlooked in past years.

Who leads the tax work?

James Crane, CPA, who leads our Entrepreneurial and Global Tax Practice and has saved clients more than $50M in R&D tax credits.

How much does tax consulting cost?

Engagements can be a project, annual, or total tax outsourcing, so the cost follows the shape you choose. The best way to determine the right level of investment is to discuss your situation with us in a complimentary consultation.

What is a financial assessment?

A focused, initial review of your finance and accounting operations, benchmarked against best practice. You receive a written assessment with prioritized, actionable recommendations.

How long does a financial assessment take?

It is a fixed-scope engagement, typically two to four weeks.

How much does a financial assessment cost?

There is no one-size-fits-all answer. The cost depends on the level of expertise, scope and amount of support your organization actually needs, and the assessment itself is a fixed-scope engagement. The best way to determine the right level of investment is to discuss your situation with us in a complimentary consultation.

Not the right shape? There are six other ways in.

ASK US WHICH ONE FITS

One call, no charge, and a straight answer on whether we are the right fit.

You will speak with the CFO for your market. If the answer is no, we will tell you that too.