If you are a small or mid-sized business owner, you know how important it is to manage your finances effectively. However, you may not have the time, expertise, or resources to do it on your own or to hire an internal bookkeeper.
Revolutionize your business finances with UCentric Solutions' Client Accounting Services.
UCentric Solutions is a modern Client Accounting Service (CAS)* provider that has been serving businesses like yours since 2011. We offer a range of services**, from bookkeeping and payroll to financial reporting and cash management. We help you handle your transactional activity, structure and monitor your financial systems, and leverage our experience and expertise for better decision making.
*Click Here to check out our post on Client Accounting Services: What They Are and How They Can Help Your Business.
**Click Here to see the list of services we offer on our Home page.
You may think that hiring a CAS provider is too expensive for your budget, but think again. UCentric Solutions can provide these services at a fraction of the cost of an internal hire. How? By eliminating the hidden costs that come with managing your finances solo or hiring internally. These hidden costs include:
Lost opportunity cost: You could be focusing on generating more business instead of doing the books on your own.
Hiring cost: The average cost to hire an employee is about $4,000 nationally.
Benefits cost: The benefits for an internal bookkeeper can be 30% of their compensation or more.
Training and supervision cost: The time and effort involved in training and supervising a bookkeeper can easily equal or exceed their compensation.
Turnover cost: The cost of replacing a bookkeeper can be as much as 200% of their compensation.
Continuity cost: If you or the bookkeeper is out sick, who handles bill pay or payroll? What could that cost you?
Quality cost: If you hire a low-quality bookkeeper, you can expect problems that will cost you time, money, and stress. Most internal bookkeepers are not trained to perform important closing processes to minimize potential errors. These errors can lead to faulty data and poor decisions.
Compliance cost: Mistakes and errors on payroll, taxes, and reporting are common and can result in expensive penalties and interest from federal and state agencies. These penalties can create cash flow pressures and damage your reputation.
Fraud cost: Embezzlement is a serious risk for small businesses. The average embezzler steals about $25,000 a month!
With UCentric Solutions, you don’t have to worry about any of these hidden costs. We take care of everything for you.
We have a team of accounting professionals who use standardized processes, systems, and cross-training to ensure quality, accuracy, and timeliness.
We also have a system of reviews, approvals, and checks and balances to prevent mistakes and minimize opportunities for fraud.
We provide you with regular reports and insights to help you understand your financial performance and make well-informed decisions.
Don’t let the hidden costs of managing your finances solo or hiring internally hold you back from growing your business. Contact UCentric Solutions today and let us show you how we can help you save money, time, and stress with our Client Accounting Services. What to Expect When Working with UCentric Solutions
You may be curious about how UCentric Solutions works with our clients and what you need to do to get started. We want to make this process as transparent and seamless as possible for you. We understand that trusting an outside party with your finances is a big decision, so we work hard to make it less stressful for you.
Here are the main steps of our New Client Journey:
Getting started with UCentric Solutions is easy and convenient. You don’t have to worry about hiring, training, or replacing staff. You don’t have to deal with paper documents or manual processes. You don’t have to spend hours on bookkeeping or accounting tasks.
We just require a few simple things:
Scan your physical documents (bills, receipts, new hire paperwork, payroll hours, etc.) using a sheet-fed scanner (we recommend Fujitsu ScanSnap series!) and upload them to our shared online directory.
Forward your digital documents (emails, PDFs, etc.) to our client service team.
Respond timely to our questions or requests for approval.
Enjoy the peace of mind that comes from having a professional accounting team on your side.
That’s it! Really.
UCentric Solutions is more than just a CAS provider. We are an extension of your business team. We care about your success, and we treat you with respect, care, and empathy. We have the skills, experience, and expertise to handle your finances with quality and accuracy. We also work diligently on systems, processes, and security measures to protect your financial data, prevent errors and reduce opportunities for fraud.
What Accounting Platform We Use and Why
You may be wondering what accounting platform we use and why we use it. UCentric Solutions is a QuickBooks Online CAS firm; 100%. We do not work with any other accounting platform. We have made this choice for several reasons:
QuickBooks Online is the #1 online accounting system for small businesses, displacing QuickBooks Pro and Premier Desktop versions.
Intuit, the company behind QuickBooks, is focused almost exclusively on the development of the QuickBooks Online platform and just recently announced they are discontinuing sales of QuickBooks Pro and Premier to new customers effective July 31, 2024.
QuickBooks Online offers immediate transparency and access to our clients. You can view your financial data anytime, anywhere, on any internet-connected device.
QuickBooks Online has excellent banking integrations as well as connectivity to an unparalleled number of external applications, such as Square, Shopify, Amazon, etc. Hundreds of applications can be connected directly to QuickBooks Online, creating incredible opportunities for accounting automation.
QuickBooks Online has sufficient scope to satisfy most small and mid-sized business needs easily.
QuickBooks Online is always backed up and secure.
Finally, by working with one accounting platform, we can build a deep knowledge of the system, reduce internal training time and create important, repeatable processes across our client base.
While we don’t work with any other accounting platforms, we do help clients transition from other platforms to QuickBooks Online. So, if you’re interested in moving to QuickBooks Online, we can help you!
Wrapping it up
We want you to have a complete picture of who we are, what we do and what it’s like to work with us! Our goal is simply this. We help small and mid-sized businesses succeed by transforming their accounting into a streamlined and collaborative process by integrating automation and teamwork – all remotely – all for you!
If you are interested in potentially working with us, moving to QuickBooks Online or simply just have more questions, you can easily Schedule a free Call at the top of the screen. We would love to talk to you!