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Our Work Methodology
Increase Your Firm's Growth with Seamless Connection and Powerful Collaboration
Our Effective Work Methodology.
At Accounting Farm, our commitment to transparent connectivity is driven by our effective work methodology which is designed to increase your accounting and CPA firm’s growth. We understand the pivotal role that effective communication and collaboration play in financial services.
Discover the steps we take to connect with our clients and optimize the accounting outsourcing experience.
Our journey begins with you. Clients send their financial data securely to our dedicated accounting managers. As per our work methodology, we utilize advanced encryption and secure channels to guarantee the confidentiality and integrity of your information.
Our experienced accounting managers meticulously analyze the data received. They define the scope of work and allocate tasks to the respective team members based on their expertise. This step ensures that each aspect of your accounting needs is addressed by the most qualified professionals, adhering to our work methodology.
The assigned tasks are then seamlessly executed by our team of skilled junior and senior accountants. Each team member contributes their knowledge and expertise, ensuring accuracy and efficiency in every financial process.
To uphold the highest standards of quality, our Team Leads and Review Managers review the work completed by their respective teams. As per our work methodology, this additional layer of scrutiny is in place to minimize the chances of errors, ensuring that the final output is accurate and reliable.
Once the thorough review is complete and any necessary adjustments are made, the finalized data is promptly sent back to our clients. Our goal is to deliver accurate, organized, and actionable financial information that empowers our clients to make informed decisions as a result of our effective work methodology.
By following the above mentioned comprehensive steps, we ensure a transparent and collaborative work process that minimizes errors and maximizes the value we provide to our clients. At Accounting Farm, we believe in making strong connections through effective communication. With our effective work methodology, we want to transform the way you experience accounting outsourcing.
Experience the power of seamless connectivity with Accounting Farm
Your success is our priority
Work Engagement and Connection Models
Work engagement and connection models are essentially the various ways through which an outsourcing firm works with accounting and CPA firms to deliver financial and accounting services. Depending on the particular needs of each customer, these models are created to fit their needs as well as their budgets.
Accounting Farm provides different types of work engagement models to suit your budget and requirements. Our experts will guide you through the process, explaining the work method and benefits of each model. Here are the work engagement models that we use to connect and work with Accounting, Bookkeeping, and CPA firms.
Time & Material (T&M)
- Clients with a low volume of work.
- Clients with flexible specifications & scope.
- Pay as you go.
- Control Over Time & Material.
- Quick Start with better efficiency.
Fixed Price/Project Based
- Clients with a well-defined project and limited budget.
- One of the most efficient options.
- The ability to change the terms after the contract is signed will be case-to-case basis.
Build - Operate-Control (BOC)
- Clients who want to grow their offshore team.
- Build your own virtual team with an assigned team leader.
- No supervision is required as the team lead will communicate between you & team and review the quality of work.
- Time-saving.
Full Time Equivalent (FTE)
- Clients with a broad scope of requirements.
- Set up a team of dedicated virtual staff who will work full-time.
- Easy to understand, plan, and implement.
- Scalable - add or remove resources on short notice.
- Redirect resources to work on other tasks.
How We Approach ?
When connecting to any outsourcing service provider, the most common difficulty any firm faces is its approach. Here are the ways stating how we approach our clients.
Remote Desktop
By lowering the possibility of data breaches and other security events, remote desktop technology can help to increase security. It enables firms to concentrate their data and manage who has access to sensitive data.
We will log in to your system via VPN/ Remote Desktop/ TeamViewer and complete the work.
Cloud-Technology
CPA and accounting firms can gain greatly from cloud technology in terms of cost savings, scalability, accessibility, disaster recovery, security, and creativity.
We will communicate via email and set up a cloud to send/receive documentation.
Free Strategic Assessment
- We schedule one-to-one introductory meetings via voice or video call to understand the nature of business and its requirements.
- Based on your requirements, we prepare a solution, suggest accounting software, define hours /staff requirements, and negotiate the quote.
- Upon confirmation of the contract, we develop a system and define Qualitative and Quantitative measures to monitor performance.
Collection of Documents and Perform Accounting tasks
- Prepare a checklist of required documentation (sales or purchase bills, bank accounts, etc.).
- We work on accounting software of the client’s choice and upload data.
- We manage books, reconciliation data and verify them against original documents.
- Prepare query sheets and get them resolved with clients.
- A final review will be done by the quality-checking team to eliminate any errors.
- We store all the important documentation on a mutually accessible cloud platform or folder.
Weekly, Biweekly, Quarterly, Monthly, Annual tasks
- Prepare paystubs and take care of other payroll services.
- Prepare monthly and annual reports such as accounts payable, accounts receivable, cash flow analysis reports, and many more based on service agreement.
- Prepare tax return files and send them to clients for review.
- Communication with CPAs regarding tax return documentation.
Ongoing Delivery and Support
- Track qualitative and quantitative measures.
- Process meetings with clients to meet ongoing demands.
- Establish a proper troubleshooting plan to reduce idle time & and cost.
- Establish JIT (Just in Time) strategies.
- Unlimited Support through 24x7 virtual office.
- We store all the important documentation on a mutually accessible cloud platform or folder.