Outsourced Accounting

Maintain confidence with complete, accurate and timely financial data, reports, and tax preparation services. We can provide virtual or onsite outsourced accounting services based on your needs.

Bluestone Services is a subsidiary company of KatzAbosch, a leading accounting firm in the Maryland area for over 50 years.

Service Offerings

General Ledger Maintenance

We’ll help you stay on top of your books.

Financial Statement Preparation

Prepare Monthly Financial Statements from QBO and General Ledger account reconciliations for significant Balance Sheet and P&L accounts.

Bill Payment & Classification

We can help you pay your bills and intelligently classify all payments so they can be reviewed later.

Depreciation Maintenance

We’ll keep your depreciation schedules updated and accurate.

Invoicing

We will handle client invoicing and keep track of who paid and what is still outstanding.

1099 Form Preparation

We’ll help you gather the data needed, and then prepare accurate 1099 forms.

Tax Preparation And Compliance

Whether you are in one state, 50 states, or international, we work with our parent company KatzAbosch to prepare accurate and compliant records.

Reporting

We can create custom reports based on your needs. If you are using our Payroll service, you can also create a variety of reports yourself whenever you need them.

Training

We’ll help train your accounting staff to improve your in-house capabilities.

Business Setup

We’ll help you select a business entity form then obtain all required federal and state ID numbers and registrations

From the first the time I spoke with Evan Sands I knew I was in good hands. I highly recommend BlueStone Services to anyone seeking a professional and friendly company.

Jodi Rubin

Verdi Management

Bluestone is very easy to do business with and makes sure the books are kept well.

Vince Talbert

Thrive Software

Evan and Sam were very helpful.

Billy Smith

Milliamp

Outsourced Accounting FAQ’s

What is outsourced accounting?

Outsourced accounting is a growing trend among middle market and high-growth companies, providing a cost-effective way for organizations to improve their finance and accounting function. Outsource accounting enables organizations to scale resources up and down as needed with no obligation to pay salaries or benefit costs. Additionally, it alleviates the burden of hiring, training, and maintaining accounting staff.

Why should you outsource your accounting?

Whether your organization needs to expand accounting services beyond basic bookkeeping or hire a complete accounting department supplying management reporting, outsourced accounting offers scalable service options that provide efficiencies and peace of mind.

Turning accounting over to a team of accounting professionals ensures confidence in the accuracy and the quality of a business’s financial information. This peace of mind keeps management time focused on sales, customer relationships, and building value in the business, not accounting.

What accounting functions can be outsourced?

Generally, the individual goals and needs of a company drive the process of choosing outsourced accounting services. However, an outsourced firm can handle multiple accounting functions simultaneously.

Typically, these types of accounting services can be outsourced:

  • Accounts Receivable/Accounts Payable Management
  • Bookkeeping Services
  • Controller Services
  • Cost Accounting
  • Drafting Financial Statements/Reports
  • Financial Planning and Analysis
  • Fraud or Forensic Accounting
  • Payroll Processing
  • Tax Reporting and Filing
Should a small business outsource accounting?

Outsourcing accounting allows you to employ the competence of an entire firm to handle the time-consuming accounting work. Plus, you get a trusted advisor for your financial decision making.

Overall, for a small business the true value of outsourcing accounting is the reduction in costs. When you outsource your accounting, you are only paying for the accounting services you use. Meaning, you only pay for the help when you need it.

Outsource accounting eliminates the typical employee expenses like benefits, insurance, payroll taxes, and paid leave. When you choose to outsource your accounting, you are reducing your overall operating cost.

Additionally, when you outsource your accounting, you get time back that you used to spend doing administrative tasks. The time you used to spend on accounting can now be used to better your small business. Sometimes when you have to do tedious tasks such as accounting, it is distracting to you. Using outsourced accounting services, allows you to focus on the core of your business.

Do you file and pay my taxes?

Yes we file and pay the Federal and State taxes quarterly as well as produce your year-end filing as well. W2 or 1099.

How do you work with Bluestone’s outsourced accounting solutions department?

Many of our clients have their payroll processed by the outsourced accounting team.

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