Unlock the strategic value of outsourced accounting for government contractors

Have you considered the significant investment required – both in time and in resources – when managing accounting for your business? Spoiler alert: It quickly adds up. Maintaining in-house accounting personnel for government contractors has substantial costs. Beyond wages and benefits, the financial commitment also includes overhead expenses, recruitment costs, and investment into employee development, to name just a few examples. 

It’s time to consider the invaluable advantage that outsourcing your accounting services may bring to your business.

The invaluable advantage of outsourced accounting

Outsourced accounting services allow you to redirect your attention to running your business, without the burden of day-to-day bookkeeping. Imagine the great feeling that comes with having more time at your disposal to work on your business versus in your business, freed up to pursue strategic initiatives such as:

• Optimizing daily accounting operations and enhancing overall productivity.
• Integrating cutting-edge accounting and technology systems, staying at the forefront of innovation and efficiency.
• Conducting more insightful financial analysis empowered by strategic decision-making.
• Thoroughly preparing for audits, positioning you for a smoother process.
• Standardizing your operations by developing accounting policies and procedures.
• Producing comprehensive financial management reports that offer a deeper understanding of the financial landscape.
• Maximizing liquidity and optimizing working capital to strengthen financial stability by improving cash management.
• Mitigating risk with better oversight of your government contractors.

Efficiency, cost reduction, and empowerment

Harnessing the expertise of technical and financial outsourced accounting services can result in efficiency, cost reduction, and strategic empowerment for your in-house accounting – giving you the confidence to make informed and strategic financial decisions, adding tangible value to your business operations.

• Efficiency – Processes are standardized, technology is easier to deploy, and the time it takes to close your books is greatly reduced.
• Cost reduction – Cost and overhead associated with hiring, training, and managing full-time staff are eliminated.
• Empowerment – Nonaccounting personnel can focus on what they do best.

You and your staff should be doing what you do best – and leveraging outsourced accounting services can help you do just that. Eliminate non-revenue-generating tasks and direct your focus toward growth to truly drive what matters most for your company.

How CohnReznick can help

CohnReznick provides scalable accounting services tailored to every client. We bring years of proven government contracting experience to help you reduce the cost of ownership and maximize the benefits you receive from your investment in Unanet, Deltek Costpoint, and QuickBooks accounting systems. 

Contact our team to learn more and get started.