Brief
About the firm:
The CPA was young and emerging and started a small practice side by side his full time employment. He was the sole practitioner and did not have any team to support. Since his practice cannot support him fully, he was also working side-by-side. He had a small client base. He was doing some bookkeeping and tax practice. The clients were a mix of individuals and businesses.
The problem statements:
Altobooks owner and this CPA owner met at a conference in Dallas, TX and they discussed following:
- This CPA was unable to do all the work himself, since he was also working side-by-side.
- He was unable to find a reliable onshore employee.
- He was not sure what kind of team member he should hire and what could be the time commitment.
Solutions provided:
- A competent team member along with a senior team leader was assigned for bookkeeping work. Mostly, the assignments were done over QuickBooks Desktop. Few were also done over QuickBooks Online.
- During tax season few tax returns were also assigned to the Altobooks team member.
How the relationship was scaled up:
- Week 1 & 2 – Staff Accountant started working on flexible staffing mode. Started onboarding calls, some training, some bookkeeping work.
- Week 3 & 4 – Staff Accountant along with her senior team leader started taking over more assignments and were proved to a true extension of the owner’s CPA firm.
- Week 42 – Staff Accountant was also delegated few tax returns and was able to complete all of them without any errors.
- He has now realized true benefit and flexibility of offshore staffing model and is now entrusting most of the routine work to Altobooks team and is more focused on new business development and marketing.
Challenges:
- Initial tech set up for the offshore work
- Initial mismatch of expectations related to work speed
Reasons for success:
- He was very willing and open to the idea of offshore team.
- Support from Altobooks senior team leader during initial phase.
Top services provided:
- Bookkeeper handling bookkeeping work using QuickBooks online, QuickBooks Desktop
- Tax preparation over UltraTax CS
Contribution
After associating with the company, Altobooks team has taken following steps:
Week 1 & 2 – Staff Accountant started working on flexible staffing mode. Started onboarding calls, some training, some bookkeeping work.
Week 3 & 4 – Staff Accountant along with her senior team leader started taking over more assignments and were proved to a true extension of the owner’s CPA firm.
Week 42 – Staff Accountant was also delegated few tax returns and was able to complete all of them without any errors.
He has now realized true benefit and flexibility of offshore staffing model and is now entrusting most of the routine work to Altobooks team and is more focused on new business development and marketing.
Services
Altobooks flexible staffing services are really benefitting small and emerging firms in scaling up their business. Small firms now do not need to worry about the continuous staffing, recruiting, training, retaining employees esp. for routine tasks while also getting an advanced level work support from expert seniors from Altobooks for executing complex work assignments.
Bookkeeping and Accounting
Tax Preparation
