icon Accounting Outsourcing

Allowing companies to focus on core competencies

In today’s challenging business environment, senior management gets distracted from its core business handling In today’s competitive world scenario work gets done where it can be done most efficiently and effectively, Xcel accounting takes away the Grunt work, and lets you focus on more strategic work. By taking advantage of our talent and expertise, they can leverage our services into a true full-time, fully-staffed accounting department that’s always there when they are. We take the accounting out of the way of your success.

This has its very own advantages and also rids you of all the mundane work eating up your precious time which you can now use to think of various growth ideas.

Xcel Accounting provides comprehensive accounting and finance outsource services to small and mid-size companies allowing owners and/or senior management more time to focus on the growth of their business. By providing access to high-level accounting services at low cost, clients achieve savings in hard dollars but also in soft costs, such as spending less time on accounting and finance tasks

Our Basic Accounting Management Services package is designed to complete your daily financial record-keeping tasks as well as your month-end closing tasks, followed by preparation of monthly financial reports and analysis of your business.

We also offer CFO oversight services provided by our seasoned executives who together have more than 40 years of operations and accounting experience, much of which has been spent in the capacity of CFO.

Additionally, we offer optional services that are over and above our Basic Accounting Management Services that can be tailored to the specific tasks needed. A few such services are inventory management, higher level reporting, and managing vendor communications.

The advantages one would derive from accounting outsourcing service are countless. There has been a constant recession and a great possibility of depression in the economies of the world. Saving on costs has thus become not only important but also a necessity. The increasing wage rate with increasing number of benefits has made employers look at other avenues of work. The time spend on growth is more compared to the time wasted before on mundane and boring tasks. Accounting outsourcing service also provides one with accurate data and gives a weekly statistic reports on the way the business is progressing according to accounting charts.

Tangible benefits for our clients

  • Allowing companies to focus on core competencies:
    By having an outside provider assume support service activities an organization can accelerate its growth and success through expanded investment in areas offering the greatest competitive advantage.

  • Improving decision making capabilities:
    RFS has honed its skill at instituting accounting systems that provide timely, accurate, and relevant information. Executives can use that knowledge to bring financial clarity to the decision making process.

  • Increasing internal controls through the segregation of duties:
    Accounting outsourcing ensures transparency, and the assurance that the accountant doing your payables is not the same as the one doing your bank reconciliations. In addition, the entire process is supervised by a controller. This could be difficult for a small company to achieve on its own, but easily accomplished by leveraging outside resources.

  • Increasing company’s profitability and maximize cash flow:
    By outsourcing, the company reduces the need to invest capital funds in non-core functions, making capital funds more available for core functions. It can also improve certain financial ratios by eliminating the need to show return on equity from capital investments in non-core areas. In addition, access to the outside provider’s lower cost structure, may result in greater economy of scale

  • Improving company’s image with customers and vendors:
    Even the smallest of entities appears substantial when customers receive professional looking invoice in a timely manner and vendors are directed to the accounting department with their questions. In addition, funding agents – such as banks or investors – appreciate seeing that financial information is reliable and readily available.

    Not only do you save time, money and effort, you also get a personalized and flexible approach to handle all your accounting requirements.

Times Are Tough – Outsource Today To Reduce Your Overheads!

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Srikanth P.J
Managing Director, Profiman FZ LLC
“Rajeev and his team at Xcel accounting have been a fantastic outsourced resource for us to bank on and fine tune our accounting workflow. Their skills in approaching the issue professionally and systematically really helped us get back on track. I will recommend Xcel accounting to anyone who is looking to strategically analyse their accounts”