Advanced accounting and financial expertise
Get access to a trusted professional in accounting and finance. The LRZ Consulting team is cross-trained in internal accounting, audit, tax, and M&A, so you’re guaranteed a partner that can help you understand your full financial picture.
Decreased headcount expenses
When outsourcing your accounting function, you only pay for the services performed. Because of this, you’ll often spend less by partnering with an outside firm than you would on the salaries, benefits, etc. for full-time accounting personnel.
Timely and reliable financial reporting
While accounting may not be your strongest skill, it’s our forte. We create custom reporting schedules to ensure the most current and accurate financial data is available, enabling you to make important decisions in real-time.
Improvements in automation
By outsourcing your accounting function, you can have a consultant focus on integrating disparate systems and automating processes. Automation reduces errors and wasted time, ultimately leaving room for more valuable tasks.
Minimized risk of internal fraud
In a study by the Association of Certified Fraud Examiners, the median loss caused by fraud was $145,000. As this continues to rise, outsource firms become more crucial; they can strengthen internal controls and provide additional oversight to prevent potential internal fraud.
Reduced efforts on recruiting and training
Recruiting for a small business can be a big headache; consistent demand for accountants makes it difficult to find talent for a reasonable price, and a limited path for promotion makes turnover likely. When outsourcing services, no recruitment or retention practices are necessary.