What’s included in our outsourced accounting services
Monthly accounting support to keep your books organized, your reports clear, and your business prepared. We tailor the scope and monthly fee to your company’s needs.
- Bank and credit card reconciliations — We reconcile your accounts each month, investigate discrepancies, and identify missing transactions.
- Transaction categorization and quality review — Your transactions are categorized and reviewed for accuracy before we prepare your financial reports.
- Monthly financial statements — Receive a Profit & Loss statement and Balance Sheet to understand your results and financial position.
- Payroll coordination and sales tax filing — Where included in your service plan, we coordinate payroll information and handle applicable sales tax filings.
- Estimated tax guidance and year-end readiness — Get help planning estimated tax payments and keeping your books ready for tax preparation.
- Secure document portal — Share financial documents securely and keep your records organized and accessible.
- Email and phone support — Contact our team throughout the month with questions about your books, reports, and routine accounting matters.
Financial Reporting & Performance Analysis
Accurate accounting records provide the foundation for understanding your business performance. Beyond standard financial statements, additional reporting and analysis can help identify profitability trends, monitor operating expenses, and evaluate cash flow.
- Financial statements — Profit & Loss, Balance Sheet, and Cash Flow reports, as applicable.
- Performance analysis — Review of financial trends, expenses, profitability, and operating results.
- Management reporting — Customized financial reports, KPI dashboards, and additional analysis based on your business needs.
Controller & CFO Advisory
For businesses that require more than routine accounting, Controller and CFO advisory services provide additional financial oversight and strategic support. Controller services focus on accounting processes, reporting accuracy, and internal controls, while CFO advisory uses financial information to support planning and more complex business decisions.
These services can complement outsourced accounting, providing access to higher-level financial expertise without the need to hire a full-time financial executive.
- Controller oversight — Review of accounting procedures, financial reporting, internal controls, and month-end processes.
- Budgeting & forecasting — Operating budgets, financial projections, cash flow planning, and analysis of future financial needs.
- Strategic CFO advisory — Financial guidance for investments, hiring decisions, financing, business expansion, and long-term planning.
Additional scope: Controller and CFO advisory, advanced financial analysis, catch-up bookkeeping for prior periods, and tax representation may be quoted separately. Audit and assurance services and accounting software subscription fees are not included.
Accounting support that fits the way your business operates
You may need someone to take over your monthly books, support an existing employee, or bring consistency to a process that has become difficult to manage. We work with your current systems and team to establish clear responsibilities and a dependable monthly routine.
Our outsourced accounting services are suited to established businesses, growing companies, and owners who need reliable financial information for day-to-day operations, financing, or expansion.
- Your books are falling behind — Recording transactions and reconciling accounts take time you need for running the business.
- Your reports leave you with questions — You need a clearer view of profitability, outstanding balances, and changes in your financial position.
- Your accounting needs are growing — More transactions, employees, or accounts require a more consistent process and additional support.
How we get your monthly accounting on track
- Review your business and current books — We discuss your operations, accounts, software, and reporting needs. If prior periods require cleanup, we identify that work before the monthly service begins.
- Agree on your scope and monthly fee — You receive a proposal outlining the services, responsibilities, and information we need from you.
- Establish your monthly routine — We coordinate document collection, complete the agreed accounting work, and deliver your reports with ongoing support for questions.
A team you can work with throughout the year
Good accounting depends on consistent work and clear communication. We take time to understand how your business operates, explain what we need from you, and help you make sense of the information we prepare.
- Clear reporting — Financial statements that help you understand your results and recognize issues that need attention.
- Coordinated support — Accounting, payroll coordination, and tax-related work aligned within your agreed service plan.
- Room to adapt — Review your service needs as transaction volume, staffing, and reporting requirements change.
How outsourced accounting saves you time and money
CBO provides outsourced accounting for growing businesses in Minneapolis and the Twin Cities. We become your in-house accounting team, without the in-house cost.
- Time savings every month — Spend it serving customers, growing your business, or actually taking a weekend off.
- Less than hiring in-house — A full-time bookkeeper in Minneapolis costs more than salary alone: benefits, payroll taxes, and software add up.
- Fewer mistakes and penalties — We catch mistakes before they become expensive problems.
- Better decisions with clear reports — See which jobs are profitable, which expenses are out of control, and where your cash is going.
- No more tax surprises — Estimated tax calculations and year-round planning, so you know what you owe before April.
- Scalability — Pay for what you need. Scale up or down without hiring or firing staff.
