Simply put, client accounting services (CAS) is about utilizing an experienced team to help you with day-to-day accounting in order to free you up to run your business. CAS is often referred to as outsourced accounting or controllership accounting. Read a more in-depth description of CAS and how it can be tailored to help your business operations.
Accurate and timely bookkeeping is a critical component in any business. Delays in accounts receivables can impact profits and increase debt.
When done correctly and in a timely manner, daily accounting procedures such as bill pay and reconciliations help your business operations providing you with
- Accurate and up-to-date financial statements,
- Better cash flow, and
- Improved lending relationships for growth.
Having real time knowledge of your payables or cash flow, when you need to invest in new equipment or make a decision as to what salary you can extend to a new employee allows you to make these decisions in a more informed and timely manner.