Outsourced Accounting

At BlueStone, we understand the importance of having precise financial data and timely tax reports. 

Gain confidence and trust in your finances with BlueStone Services – an experienced subsidiary of KatzAbosch, a highly respected accounting firm which has served the Maryland area for more than half a century. 

We can provide you with reliable outsourced accounting services whether it’s virtually or at your location. Contact us today by calling 888-797-BLUE (2583) to get started!

 

Accounting Service Offerings

General Ledger Maintenance

Let us take care of your General Ledger Maintenance and make sure all the financial figures are up-to-date! With our professional services, you can focus on more important goals without worrying about missing a beat in keeping track of your finances.

Financial Statement Preparation

Summarizing key financials each month from QBO and General Ledger is an essential step to maintain a financially healthy business. With expert preparation of your Financial Statements, you can understand the impact that revenue, profits, expenses and liabilities have on your company's overall performance.

Bill Payment & Classification

With our bill payment and classification services, you can quickly settle your bills all while ensuring the ability to review them later. We'll handle all payments accurately so that nothing gets overlooked.

Depreciation Maintenance

Keep your finances organized with our up-to-date depreciation maintenance services! With us, you'll never have to worry about outdated or inaccurate records again.

Invoicing Your Clients

Keep the finances in check with our outsourced accounting services! Our team will manage your client invoicing and take care of all payments due, ensuring that everything is accurate. With us tracking who paid what, you'll always be up to date on outstanding balances.

1099 Form Preparation

Don't worry if the thought of tax season already has you sweating. Our expert accounting team can help lighten your load by gathering, organizing and verifying all the necessary financial data to make sure that everything is accurate when it comes time to file those 1099 forms! Let us handle this complicated task now so you don't need to stress out later - take advantage right away and free up more time for what really matters in managing your business.

Tax Preparation And Compliance

Tax preparation and compliance can be a tricky process, but we make sure that your records remain up to date and in sync no matter where you do business. Our expertise also covers all 50 states plus international subsidiaries so wherever you are located, we have the resources necessary for accurate tax filing.

Financial Reporting

Get the tailored insights and data you're looking for with your human resources and payroll software. Our team has in-depth knowledge with many software programs including ADP, Gusto, etc., and can access a range of reports in real-time - giving you all the information needed to make informed decisions quickly

Training

Enhance your accounting expertise and gain a competitive edge with our customized training services. Our experienced trainers will ensure that you can keep up with the ever-changing world of finance, ensuring that your staff are equipped to handle any challenge.

Payroll Management

Our team makes it easy to keep your payroll running smoothly. From processing payroll and payroll tax filings to employee personnel file record keeping, we'll keep it all straight for you. By outsourcing your payroll management, you can save time and money, and rest assured knowing your employees and compliance requirements are all taken care of.

Business Setup in the US

Are you looking to break into the United States market? Let our experts be your guide! We have all the necessary tools and experience needed to make sure that setting up shop goes smoothly. Our team of professionals can help with everything from picking a proper entity form, organizing paperwork for federal IDs/registrations, providing support throughout the entire process - ensuring your venture successfully launches in no time.

From the first time I spoke with their client relationship manager I knew I was in good hands. I highly recommend BlueStone Services to anyone seeking a professional and friendly company.

Jodi Rubin

Verdi Management

Bluestone is very easy to do business with and makes sure the books are kept well.

Vince Talbert

Thrive Software

Outsourced Accounting FAQ’s


What is outsourced accounting?

Outsourced accounting is a growing trend among middle market and high-growth companies, providing a cost-effective way for organizations to improve their finance and accounting functions. Outsource accounting enables organizations to scale resources up and down as needed with no obligation to pay salaries or benefit costs. Additionally, it alleviates the burden of hiring, training, and maintaining accounting staff.

Why should you outsource your accounting?

Whether your organization needs to expand accounting services beyond basic bookkeeping or hire a complete accounting department supplying management reporting, outsourced accounting offers scalable service options that provide efficiencies and peace of mind.

Turning accounting over to a team of accounting professionals ensures confidence in the accuracy and the quality of a business’s financial information. This peace of mind keeps management time focused on sales, customer relationships, and building value in the business, not accounting.

What accounting functions can be outsourced?

Generally, the individual goals and needs of a company drive the process of choosing outsourced accounting services. However, an outsourced firm can handle multiple accounting functions simultaneously.

Typically, these types of accounting services can be outsourced:

  • Accounts Receivable/Accounts Payable Management
  • Bookkeeping Services
  • Controller Services
  • Cost Accounting
  • Drafting Financial Statements/Reports
  • Financial Planning and Analysis
  • Fraud or Forensic Accounting
  • Payroll Processing
  • Tax Reporting and Filing
Should a small business outsource accounting?

Outsourced accounting allows you to employ the competence of an entire firm to handle the time-consuming accounting work. Plus, you get a trusted advisor for your financial decision making.

Overall, for a small business the true value of outsourcing accounting is the reduction in costs. When you outsource your accounting, you are only paying for the accounting services you use. Meaning, you only pay for the help when you need it.

Outsource accounting eliminates the typical employee expenses like benefits, insurance, payroll taxes, and paid leave. When you choose to outsource your accounting, you are reducing your overall operating cost.

Additionally, when you outsource your accounting, you get time back that you used to spend doing administrative tasks. The time you used to spend on accounting can now be used to better your small business. Sometimes when you have to do tedious tasks such as accounting, it is distracting to you. Using outsourced accounting services, allows you to focus on the core of your business.

Do you file and pay my taxes?

Yes we file and pay the Federal and State taxes quarterly as well as produce your year-end filing as well. W2 or 1099.

Can accounting be outsourced?

Yes, accounting can be outsourced. Outsourcing accounting gives you access to professional accountants who can provide a wide range of financial services, such as bookkeeping, payroll processing, accounts receivable/payable management, tax filing, and more. Outsourcing also allows you to scale up or down the resources needed for your business without having to hire and train staff or pay for benefits and insurance. Additionally, it provides peace of mind as you can trust in the accuracy of your financial information. Furthermore, outsourcing reduces operational costs as you only have to pay for the services when you need them.

What are the disadvantages of outsourcing accounting?

Although there are many advantages to outsourcing accounting, there are also some disadvantages. One of the main disadvantages is that you have to trust in the accuracy and reliability of your outsourced accountant’s work, as well as their professionalism. Additionally, communication can be a challenge when working with an outsourced firm as it is not always easy to get immediate answers or feedback.

Why do people choose outsourced accounting services?

People choose outsourced accounting services for a variety of reasons. The primary benefit is cost savings as you are only paying for the services you need and don’t have to cover overhead costs such as payroll taxes, insurance, etc. Additionally, it provides access to professional expertise that might not be available in-house and eliminates the hassle of hiring and training staff. Furthermore, it allows you to focus on core operations as mundane tasks such as accounting can be outsourced and time spent on these tasks can instead be used to further develop your business.

How much does it cost to outsource accounting for a small business?

The cost of outsourcing accounting for a small business depends on several factors, such as the type and amount of services required, the size of your business, and the experience level of the accountant. Get in touch with us today to find out how we can help you, and get an idea of how much it would cost.

What is DMAIC in Lean Process Improvement?

DMAIC stands for Define, Measure, Analyze, Improve, and Control. It is a Six Sigma framework used to improve existing processes by eliminating defects and reducing variation in order to maximize customer satisfaction. The DMAIC process involves identifying the problem or opportunity, gathering relevant data and analyzing it to identify root causes of the issue, developing and testing solutions, implementing the solution, and monitoring it to ensure that the desired results are achieved. The DMAIC framework is commonly used in the accounting world for process improvement initiatives. 

 

Does BlueStone provide outsourced accounting to companies near me?

Yes, BlueStone is dedicated to providing outsourced accounting to companies near you. With our conveniently located office in Columbia, MD, we are well-positioned to serve businesses in the surrounding areas. You can rely on BlueStone’s expertise and commitment to deliver outstanding outsourced accounting near you. We serve cities such as:

  • Frederick, MD
  • Mt. Airy, MD
  • Rockville, MD
  • Gaithersburg, MD
  • Takoma Park, MD
  • Barnesville, MD
  • Brookeville, MD
  • Chevy Chase, MD
  • Friendship Heights, MD
  • Garrett Park, MD
  • Glen Echo, MD
  • Kensington, MD
  • Laytonsville, MD
  • Poolesville, MD
  • Somerset, MD
  • Washington Grove, MD

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