Management accounting outsourcing services for CPAs & Accounting Firms
Accurate and reliable financial information is the foundation for business growth. Access to detailed, consolidated and precise information in the form of monthly, quarterly and annual reports can aid in developing strategies for business growth. However, already overloaded in-house teams often just don’t have the time to focus on labor-intensive management reporting activities.
Our management accounting and reporting services focus on delivering easy-to-digest financial information across a range of management roles. We are flexible and can provide bespoke financial and statistical information reports as per your specification. This information will help you stay on the top of changing compliance landscape, mitigate risks, assess your businesses financial performance, shape business strategy and maximize profits.
How CPA firms / Accounting firms can benefit from Rich Insight Global management accounting services?
At Rich Insight Global, we cater to the management accounting and reporting needs of a wide range of industries for your clients. Our services are ideal for companies that want frequent and reliable financial and statistical information.
Any large, listed companies or SMEs looking to reduce costs and improve the effectiveness of management information can benefit from our services. We also deliver accurate and detailed reporting to your small business and start-ups clients for whom it is not feasible to invest in in-house teams. In addition to up to 40-50% cost savings over in-house processes, you get a dedicated team and manager at Rich Insight Global who help inject process excellence through industry-specific expertise and strategic deployment of innovative IT solutions.
Accurate accounting and reporting services for informed business decisions
Going beyond standard management accounting services, we focus on working closely with our clients to challenge existing processes and structures, delivering a combination of services that help you improve your bottom line. We identify and implement KPIs most critical for your business and deliver accurate data that adds real value to their business.
Some of the Management accounts we regularly work on
- Accruals , prepayments, accrued income and provisioning
- Fixed assets register and depreciation
- Entity-wise and consolidation of financial statements
- Revenue recognition and adjustments for deferred revenue
- Journal entry postings
- Reconcile control accounts
- Accurate posting to relevant cost centers
Some of the Management reports we deliver regularly:
- Cash flow statement
- Budgeting and forecasting
- Preparation of key MIS financial reports
- Preparation of management accounts using various reporting currencies
- Commentary and variance analysis
- Detailed view of variances for each subgroup
- KPI and dashboard reporting with integration of all required information
- Automation of key financial reports
- Decision and planning support