Collaborating for Growth: How Finsmart Helped a Bookkeeping Firm Transform Operations and Expand CAS Services
A California-based bookkeeping firm overcame operational bottlenecks by partnering with Finsmart Accounting. Using the Embedded Outsourcing Model, they offloaded repetitive tasks to pre-qualified professionals, allowing their team to focus on high-value Client Advisory Services (CAS).
In 18 months, they increased their client base by 30% and achieved balanced revenue streams of 50% CAS and 50% accounting work.
About Customer
Our client, a California-based bookkeeping firm with a 15-person team, specializes in small business accounting services like bookkeeping, accounts payable, accounts receivable, and month-end closing. Despite their efforts, they were constrained by capacity challenges, preventing them from scaling effectively and focusing on high-value advisory services (CAS).
Challenges
Our Approach
The primary goal was to reduce operational workloads, enabling the firm to:
Our Solution
Finsmart Accounting’s Embedded Outsourcing Model provided the firm with dedicated, plug-and-play Accounting Seat™.
Key solutions included:
Overcoming Capacity Challenges and Unlocking Growth with Finsmart Accounting
The collaboration with Finsmart Accounting marked a turning point for the firm, allowing it to overcome capacity challenges and drive meaningful growth. Streamlined processes and access to quality talent enabled the team to focus on delivering higher-value advisory services to their clients.
Leading Global Accounting Outsourcing Firm
Accounting Seat by Finsmart Accounting is specially designed for Accounting & CPA Firms and Global Corporates. This model aims to permanently solve staffing challenges in the Accounting Industry. We provide Bookkeepers, Tax Preparers, and Accountants on a subscription model.
With over 18 years of experience, we have championed the outsourcing model. We follow compliance-first accounting practices with strict adherence to regional laws and accounting standards. We also ensure customer delight through timely delivery, the highest level of security, and efficient operations. With AI-powered technology and human judgment, we ensure you get accuracy in the services, with the highest attention to detail.
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