Many owners of small and mid-sized businesses find that as their business grows, their finances become too complex to handle on their own.
They need someone with more financial expertise than they have themselves or within their accounting department. While hiring additional staff may not always be feasible, Outsourced Accounting Services from H2R CPA can be a practical and affordable alternative.
Fractional controller support for your business
H2R CPA’s Outsourced Accounting Services are a suite of solutions designed to help proactive, growth-oriented business owners understand the financial health of their business, make informed business decisions, and streamline accounting and compliance processes.
Focused on your specific needs and goals, our Outsourced Accounting Services can help with:
- Understanding the status of your business throughout the year for financial decisions and/or banking needs
- Controller-level leadership to complement your accounting team
- Peace-of-mind knowing you are making decisions based on quality data
- Implementing proactive tax minimization strategies for your business and individual tax filing(s)
- Optimizing the full suite of QuickBooks® products, which is often underutilized
- Linking third-party software, bank accounts, and credit cards to optimize QuickBooks®
- Tracking financial metrics critical to the success of the business
- Use detailed financial analysis to drive proactive business decisions in support of owner‑identified goals
For business owners, our Outsourced Accounting Services require:
- Completion of an initial assessment for understanding the business and tailoring deliverables
- Use of QuickBooks® accounting software
- In-house financial contact
- Cooperative QuickBooks® data entry solution
The average 2026 full-time salary for a qualified and experienced controller-level accountant in the western Pennsylvania region is over $120,000 per year. – Source: roberthalf.com
Initial Accounting Assessment
- H2R provides the initial assessment questionnaire to the company for completion. Completing these documents typically takes about one hour.
- H2R reviews the questionnaire prepared by the company to develop an outline of follow-up questions to better understand the company’s strengths and weaknesses (2 to 3 days).
- H2R schedules and meets for 90 minutes with key stakeholders to understand and confirm the strengths and weaknesses identified. This includes finalizing the assessment and discussing recommendations specific to the needs of your business.
STANDARD
Training and financial education of company staff and management (QuickBooks®, bill pay management, invoice matching, standard journal entries, etc.)
Weekly virtual meetings between your point of contact and an H2R CPA professional
Document financial processes and procedures for future reference
Monthly bank reconciliation assistance
Financial statements setup on accrual basis
Monthly virtual meetings between the owner/head of finance with an H2R CPA professional to review P&L, Balance Sheet and Cash Flow
Tax planning minimization meeting in the last quarter
Prepare annual tax filing
Available for simple questions throughout the year (questions that require research will be billed at our hourly rate)
ADVANCED
Everything in STANDARD plus:
Ensures monthly close by the 15th of the month
Develop and streamline financial processes to drive operational and financial efficiencies
Perform detailed analysis for critical accounts/KPIs, such as accounts receivable and accounts payable
Financial statements adhered to GAAP, such as revenue recognition and leasing standards
Integration of third-party software and other accounting technology to QuickBooks®
Access to and support in connecting with our business network to help realize your growth goals
PRO
Everything in ADVANCED plus:
Design of management dashboard
Support during annual budgeting process
Proforma cash flow modeling for management decision making, such as “make vs. buy” decisions, new product analysis, and potential acquisitions
Provide reporting package to sources of capital (investors, banks, insurance, etc.)
Review of cash management cycle including review of vendors and customer payment terms
Tax Planning Services for Business Owners
H2R CPA is differentiated from other accounting service providers because we are a one-stop shop for both accounting and tax services. In addition to our Outsourced Accounting Services package, we can provide the full range of tax planning, minimization and compliance services that can help you most effectively run your business.
H2R CPA’s tax practice collaborates closely with our clients’ management teams to identify and assist in the implementation of tax planning opportunities. Throughout the year, we meet and/or communicate with our clients to discuss their goals and objectives. We also discuss recent legislative amendments, which may affect a client’s tax positions. These discussions permit us to anticipate the tax consequences of material transactions and management decisions.
Learn more about H2R CPA's Tax Planning services for business owners.
