Taking care of your numbers
We provide back-end support to US-based CPA, EA, Tax, and accounting firms. Our services include Accounting, Tax Preparations, Payroll Processing, and more. We help firms increase profitability by providing access to talented individuals and become the catalyst for their growth.
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Quality of work

It refers to the level of excellence, accuracy, and thoroughness with which a task is completed. High-quality work is essential for achieving success and earning the trust and respect of colleagues, clients, and customers.

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Deadline

Meeting deadlines is crucial for ensuring that work is completed on time and that projects are delivered to clients or customers as promised. It requires effective time management, organisation, and prioritisation.

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Software Expertise

We have an exceptional level of proficiency in using the most popular and highly demanded cloud accounting software in the industry. Our team is well-versed in utilising software such as QuickBooks Desktop, QuickBooks Online, Xero, Zoho, CaseWare, NetSuite, Sage, Oracle, Bill.com, Dext, Hub.com and many others to provide you with the best possible service.

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Data Security and Confidentiality

We take data security and confidentiality seriously and use strict protocols to protect your financial data at all times. Our team is trained in data security measures and we use the latest encryption and authentication technologies to ensure authorized access only. Implementing secure logins, firewalls, VPNs, and multifactor authentication can further enhance security. Biometric devices can also prevent unauthorized access to work areas.

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Technology Driven

We use the latest technology and tools to provide high-quality services. Our team has cutting-edge software and hardware to deliver efficient solutions. Staying up-to-date with advancements in technology allows us to offer innovative and reliable services.

ACCOUNTING

  • Preparation of Books of Accounts
  • Reconciliation
  • Sales Tax Filings

Clean and Catch Up

  • Review of Financial Statements
  • Categorization of Transactions
  • Reconciliation
  • Closing of previous periods as per accounting principles

Payroll

  • Payroll Processing on weekly, Bi-weekly, Semi-Monthly, Monthly
  • Payroll Reconciliation
  • Payroll Tax Fillings
  • Payroll Audits

AR / AP Management

  • invoicing
  • Aging analysis
  • collection procedures
  • reconciliation

Analytical Review

  • Comparative analytical review
  • statements
  • variance analysis
  • cash flow analysis
  • cost analysis

finalization of Account

  • Preparing of annual financial statements
  • reconciliation
  • analytical procedure
  • compliance check
  • year-end analysis

Federal and state tax preparations

  • Preparing and filing of tax forms of USA, UK, Canada, and Australia of all types of business entities

Virtual CFO Services

  • Budgeting and Forecasting
  • Cash low Management
  • Financial Planning and
  • analysis
  • interim CFO services

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Fixed Price Model:

We analyse accounting and finance work and charge fixed fees. Best for fixed monthly bookkeeping and accounting work with predictable recurring activities.

Pay as you go (Hourly) :

Consider our pay-per-hour or pay-per-task model if you have a smaller volume of work or are unsure about the amount of work you need to outsource. Our model provides flexibility and cost-effectiveness as you only pay for the number of hours or tasks you outsource.

Client Onboarding Process

Needs Assessment
Begin by understanding the client's accounting requirements, including the scope of services needed, specific financial tasks, and any industry-specific regulations or compliance standards.
Documentation and
Data Gathering
Collect relevant financial documents, statements, and information from the client to establish a comprehensive understanding of their accounting needs and current financial standing.
Resource provided
by Cliffcraft LLP
we at cliffcraft believe in providing skilled and certified accountants with cloud accounting software’s such as QuickBooks, Xero,Sage, NetSuite, Fresh books, so that efficiency and effectiveness of work can be achieved (Quality of work) and also provide weekly training to staff in order to remain updated with latest updates of IRS, Software’s updates etc.
Client Approval and
Agreement
Present the selected team to the client for approval, and finalize the terms of the outsourcing agreement, including service level agreements (SLAs), pricing structures, and key performance indicators (KPIs).
Training and Integra-
tion
Establish a regular communication channel for ongoing feedback, addressing any concerns or adjustments promptly. This fosters a collaborative relationship and ensures that the outsourced accounting team aligns with the client's financial goals.

Post Recruitment Support

Communication means

Email
→The company provide secure email ID to remote staff for regular emails, protected with encryption.
→You can also provide him with an email ID from your domain.
Chat
→There are numerous famous and convient softwares for online chat that exchange live message.
Phone and Video Calls
→There are several tools for online audio and video calls that are used for live video conferencing and meetings.
→These can help you have your queries resolved in real-time.

Supervision and monitoring of work

Timesheet
→The remote staff shares their daily timesheet with their supervisors at the accounting firm.
Task Reporting
→Task progress is direclty communicated with remote staff as they work under firm's control.
Review Meetings
→Periodic review meetings through live chats or conference callls could help you review the assigned tasks and correspodnig progress. •It also helps give new instrucdtion and resolve queries

Access

Remote
→The remote staff logs into the firm's computer by secure log in ID and password and logs out after completing work. •The data stays inside your office even though your staff work remotely
Cloud
→The remote staff can securely log in and finish the work without downloading and repeatedly uploading when the files are already uploaded on cloud based services
Share Files
→Send the files to your remote staff through emails or FTp.
→He will finish the work and send the task back when work is done.

“Addressing Key Challenges in Accounting Outsourcing with Strategic Solutions”

ENSURING DATA CONFIDENTIALITY AND SECURITY

  • Implementation of 24/7 availability for monitoring.
  • Deployment of multi-layer authentication mechanisms.
  • Integration of robust firewall protection.
  • Utilization of biometric access controls.
  • Installation and maintenance of updated antivirus software. 

MITIGATING COMMUNICATION GAPS

  • Pre-sharing meeting agendas to enhance preparedness.
  • Conducting staff training tailored to client specifications.
  • Leveraging video conferencing tools for seamless interaction.
  • Implementing a structured communications plan to streamline exchanges. 

ENHANCING REMOTE ACCOUNTANTS' CAPABILITIES

  • Certifying accountants in leading cloud accounting platforms like QBO and Xero.
  • Ensuring high quality work output.
  • Emphasizing adherence to deadlines.
  • Providing ongoing training on accounting standards such as US GAAP and UK IFRS to keep staff informed and updated. 

MANAGING LOSS OF CONTROL

  • Establishment of transparent processes to address outsourcing concerns.
  • Defining clear roles, responsibilities, and Key Performance Indicators (KPIs).
  • Implementing robust process controls.
  • Establishing a well-defined transition process.
  • Holding individuals accountable for their assigned tasks and deliverables. 

“UNLOCKING OPERATIONAL POTENTIAL: LEVERAGING STRATEGIC ADVANTAGES OF ACCOUNTING OUTSOURCING SERVICES”

VALUE ADDITION

Our collaborative efforts amalgamate diverse areas of expertise, fostering enhanced value creation for your business.

ASSURANCE OF COMPLIANCE

With outsourcing, businesses can have confidence that their financial processes adhere to regulatory standards, ensuring compliance and mitigating associated risks.

ACCESS TO ADVANCED TECHNOLOGY

Outsourcing partners typically invest in cutting-edge accounting software and tools, providing clients with access to the latest technology without the need for upfront investment.

RISK MITIGATION

Experienced outsourcing firms stay abreast of regulatory changes and compliance requirements, helping companies mitigate risks associated with financial reporting errors, fraud, and non-compliance.

COST-EFFICIENCY

Outsourcing accounting functions eliminate the need for costly in-house team recruitment, training, and maintenance, including associated expenses like infrastructure and benefits costs.

EMPHASIS ON CORE COMPETENCIES

Delegating accounting tasks enables organizations to focus on core competencies such as client relationship management, business development, and strategic planning, fostering growth and enhancing profitability.

ACCESS TO SPECIALIZED EXPERTISE

Outsourcing grants access to proficient accountants equipped with specialized knowledge in financial operations, thereby facilitating informed decision-making aligned with industry-specific challenges and opportunities.

ENHANCED DECISION-MAKING

Provision of comprehensive management reports aids senior management in making informed business decisions.

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