Why outsource your accounting?

Accounting is a core business function. Without accounting, a business is sure to fail. With accounting, a business might survive. With accounting managed by a Profit Center Expert, a business is certain to succeed.


You’re probably already familiar with the bleak forecast for new small businesses. While failure rates have decreased considerably in the last few years, recent studies from the Small Business Administration (SBA) indicate that one third of new employer establishments fail within the first two years, and 56% fail within four years.

Poor financial management is often cited as the reason for most small business failures. Often the business owner or a member of the business team manages this crucial function because they want to maintain complete control of their business, they’re afraid that outsourcing the accounting would be too expensive, or a combination of the two. What they don’t realize is that outsourcing is a useful management tool that can save a business both time and money while preventing potential failure. And when you outsource to the right accountant, it can be the difference between base survival and profitable success.

The Benefits

There are countless benefits you enjoy when outsourcing your accounting. Here are just a few:

Save Yourself Time. You’re in business because you’re good at what you do. Your expertise involves the product and/or service you offer. And we’re guessing your expertise is not accounting. So if you, or anyone on your team, spend time managing your business’s finances, that’s time that could be better spent building your business.

In order to be competitive you must constantly be looking for ways to improve and expand your products and/or services, better market your business, and stay ahead of your competition. When you and your team focus time and attention on the accounting, that’s time not spent on these crucial tasks. When you outsource the accounting to a trusted professional, you can use that time to make your business the best it can be.

Save Yourself Money. We all know time is money. The average small business owner spends over 10 hours personally, each month, accounting for the business. If your average billing rate is $50 per hour, you may be spending more than five hundred dollars’ worth of your time! Chances are you easily can pay for a good accountant and then some with all that money.

Gain Access to Valuable Accounting Expertise, Equipment, and Technology. Reputable accountants have the expertise to not only save you money, but to make your business more profitable. In addition to that, they have access to equipment and technology that most small businesses can’t afford. They will use their resources to your advantage and save you the time and headache of doing it yourself.

Gain Access to Profit-Building Information. A truly valuable accountant is also a Profit Center Expert. They analyze financial data in order to assist you in making profitable decisions for your business. A Profit Center Expert can inform you which products and/or services to expand, which to eliminate, whether your marketing attempts are successful, where you’re loosing money, and where to cut back in order to save and redirect funds in order to become more profitable.

Call us for a free, no-obligation consultation. We can customize a package of services that is competitively priced and designed to save you time, energy, and headache. We offer the following services:

Accounts Payable

Input vendor invoices to payable system

Classify invoices to the proper G/L account

Request and maintain vendor W-9 information

Maintain vendor master files

Respond to vendor inquiries about payment status

Retrieve copies of payments as necessary

Prepare and file required 1099 forms

Process requests for stop payments when necessary

Cut checks to vendors based on due dates or client instruction

Reconcile vendor statements to accounts payable ledger

Reporting to organization on detailed aged payables and cash requirements

Process year-end 1099 forms

Accounts Receivable

Prepare and mail billings as needed (all billings provided to client for approval prior to mailing)

Record and account for revenue

Input receivable transactions into the accounting system

Prepare and deliver periodic statements

Issue client-approved credit memos and refund checks

Maintain subsidiary receivables ledger

Process client-approved adjustments

Apply cash received to customer accounts and resolve “short pays”

Perform low-level phone collections as needed by client

Cash management

Process daily sales and deposit reports

Verify daily deposits and report variances

Reconcile and verify credit card deposits

Reconcile monthly bank statements

Journal entry and general ledger

Account reconciliations

Payroll

Time cards, after approval, will be scanned and uploaded prior to payday

Complete payroll while client prints, signs and distributes paychecks

Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments

Prepare department summaries of month-to-date payroll data in addition to customized reports specific to client

Prepares timely and accurate notifications of tax liabilities and deposits

Completes year-end W-2 forms

Respond to requests for employee verifications

Process and submit garnishment payments

Respond to employee payroll inquiries

Prepare and file new hire reporting to state

Prepare, file, and pay all federal, state, and local payroll taxes

Reconcile health insurance payments and make payroll deductions when required

Prepare necessary HR reports such as turnover

Allocate payroll expenses for multi-store employees

Prepare and process payroll accruals when necessary

Monthly Closing

Fixed assets accounting & depreciation

Monthly financial analysis and reports

Yearly Business Assessments

Don’t wait another day to partner with a Profit Center Expert (PCE) and make your business more successful. Do what you love to do more; let your PCE take care of the rest. Call now for a free, no-obligation consultation.

Being in the Black

Being in the black can mean a lot of different things. For most business owners, it means being profitable. When a business owner sets out on a new venture, establishing a profitable business is one, if not the only, driver. Unfortunately, too many entrepreneurs get lost in the day-to-day tasks of running the business and forget their main purpose.


As your accounting professional and Profit and Growth Expert we apply The Universal Business Model to help maximize the profitability of your business. Each month we apply our financial expertise, combined with access to a variety of analytical tools, to assess your business’s financial position and progress.

With our help you can improve your business’s financial position using The Wisdom Pyramid. Here’s a short list of what you will accomplish:

Know how your business stacks up against the competition using the professional business assessment we provide.

Recognize your business’s strengths and weaknesses, and use that awareness to improve your profitability. Consider this a Day with your CFO.

Identify trends that expose what is both helping and hindering to your business.

Take advantage of tax benefits through regular reviews of your tax position.

By gathering the necessary information through the bookkeeping and accounting process, we will analyze the data and help you make the changes required to improve your business’s profitability. Whether you need a financial audit or review, we can help move your business forward.

The Controller.Net

Global Enterprises Trust has a saying, “Longevity is Success”. The team at “The Controller.Net” has over 75 years of experience in the area of payroll processing, monthly financial reporting, personal financial reporting, systems integration and automation. Many of our operatives have prepared pro forma budgets and been involved in budget analysis. This detailed analysis of variances can be used to assist companies determine their appetite for business development and help them make better decisions in their day to day business operations.


Teaming arrangements between our organization and that of our clients can improve cash flow. Our expertise in the area of preparing business plans; strategic planning and contract management can put your company on the cutting edge or turn your business bottom line from red to black. Accounting tricks are not needed to improve our client’s position, but what is needed is tax planning and strategy that lowers tax liability and promotes growth. All this translates into an organization that can take advantage of opportunity.

Let us provide the infrastructure that your organization needs to help finance growth utilizing debt, equity and hybrid structures. Our organization wants to help you obtain funding using equities, tax credits and/or bonds. Engaging our team as your consultants and accountants will give you a superior administration and finance department without the cost associated with this labor intensive operation. Use us as the tool that is usually reserved for major Wall Street organizations seeking public funds that maintain GAAP and GAAS accounting infrastruture. Eligible clients seeking capitalization using securities can engage our team to guide them into becoming a CDE, as well as showing them how to use securities as a revenue generator and funding vehicle. Invest in your future and improve your customer relations and financial backbone, because now you can improve your customer retention and market share

Our government relationships, management programs and marketing strategies will put your company far ahead of the competitor. Our project management expertise can assist you in delivering the deliverables on time. Our company provides real time management, essential proposal writing, centralized purchasing opportunities, internal and external reports that combine to result in a favorable bottom line.

Increase your organizations equity by engaging our team for the purchase of real estate or to guide you through mergers and acquisitions. Real time reports mean getting meaningful information for decision making that translates into sales, revenue and accounting profits. Our team provides seminars that give away more information than our competitor’s sale. Our team adds value every step of the way. Our value added proposition is integrated in a way that qualify many of our clients for equity infusion from tax credits. Our team can assist you in establishing the correct business form i.e. LLC, LLP, Inc., Trust, or a Sole Proprietorship. We are ready to deliver; so, what are you waiting for to engage our team?