Top Accounting Firms

Why People Trust DesignRush

DesignRush has a qualified team of industry experts and agency executives that focus on finding the best accounting firms for your business. Our team determines the key performance indicators, like portfolio, client reviews, and industry reputation, that agencies must meet to be listed. To further leverage our agency expertise, businesses also reach out to DesignRush to streamline the process of finding the right agency via the Marketplace.

Our Picks for The Best Accounting Firms in 2023

Customized Enterprises

The best accounting firm in 2023 is none other than Customized Enterprises. As they were established in 1976, they have decades of experience in the accounting profession. When it comes to their expertise, most often they are focused on accounting issues and tax laws.

• Why we chose them: The agency offers written fee arrangements that provide the possibility of varied payment options available. In addition, they are members of the American Institute of Certified Public Accountants.
• What you should consider: This is a smaller agency of no more than 50 employees so if you are planning to cover projects that need more people, check if they could outsource accounting help.
• Who are they for: They are a good business choice for companies that need experienced strategists. As an agency with more than 35 years of experience, they have a team of specialists working for industries from mortgage brokerage and trucking to real estate and wholesale industries.

Invensis Inc

Invensis Inc is a proven partner for a wide range of prominent small and medium-sized businesses and Fortune 500 companies, such as Philips, Trend West, 3E, and GRM. They have more than 20 years of experience in the field of accounting, which makes them highly experienced professionals.

• Why we chose them: Apart from accounting, Invensis has worked in numerous different fields, meaning they have experience in services including human resources, IT services and BPO, to name a few. Additionally, they can create a full strategy for their clients. It’s also worth noting that these services are all compliant with the ISO 9001:2015 requirements and ISO 27001:2017 specifications.
• What you should consider: Invensis Inc offers premium prices for premium services. With a minimum budget of $1000 and an hourly price of $25, some companies may struggle to fit the costs into their bracket. It's worth noting that it is quite common for B2B and lead generation outsourcing companies to not be fully transparent with their prices at first glance, so getting in touch with Invensis Inc about their pricing structure for your specific project isn't unheard of. After all, no two projects are the same.
• Who are they for: It’s a large company with more than 1000 employees, so it’s a perfect talent pool for a bigger and long-term project that needs multiple task handling and expertise.

Upcloud Accounting

One of the best accounting companies in our rankings is Upcloud Accounting which partners with JuanTax and Xero and provides analytical results.

• Why we chose them: Upcloud Accounting is a QuickBooks-certified agency that does accounting and finance by using smart technology and cloud accounting. They are specialized in eCommerce accounting, such as Etsy, Shopify or an Amazon store.
• What you should consider: Minimum budget they work with is $1000, so be sure to take that into account when planning your accounting business collaboration. If you plan to invest less then maybe check with Upcloud team if long-term collaboration plays a role in budgeting the project.
• Who are they for: Businesses with smaller projects can count on a suitable budget for their accounting services. As hourly rates are $25 per hour, you can be sure that you can create a safe budget plan in advance.

Avidity

Another recommended agency among the list of accounting firms is Avidity. Founded in 2020, Avidity specializes in internal and statutory audits, corporate governance, and international taxation.

• Why we chose them: Client reviews state that Avidity LLP successfully manages the bookkeeping and month-end accounting while leveraging tools like QuickBooks, and SOS Inventory. In addition, they added that the team exhibits good communication and provides answers to any queries and concerns.
• What you should consider: As a newly founded agency, they have up-to-date knowledge of the latest accounting methodologies and tools. On the other hand, if your project needs more simple or traditional accounting services, ask the team if they have a professional with a similar background.
• Who are they for: They are for smaller projects taken the team is up to 50 employees. So, if your project requires large handling of the tasks, you should check their availability.

SemiDot Infotech

When it comes to the best accounting firms, SemiDot Infotech is a top-rated, multiple-award-winning agency that worked with numerous clients, from NFT businesses such as Luxury Ladge to Joom, Adpost, Taxi.eu, Instapay to name a few.

• Why we chose them: The agency delivered over 1000 projects since its inception. In addition, they are using the latest technology such as BlockChain, augmented reality (AR) and ChatBots.
• What you should consider: SemiDot focuses heavily on software and website development, meaning that accounting-only clients may find more joy opting for another of the above-listed companies more suited to their needs.
• Who are they for: As a software and website development company that offers comprehensive accounting services, they are the perfect fit for those looking for a one-stop shop for all their needs. From web development and project management to accounting and bookkeeping, you can lean on SemiDot team.

10 Best Accounting Firms Compared

How We Picked the Best Accounting Firms

It is important to find the matching team in the top-performing accounting firms, so our team of agency experts ranks the best ones based on their portfolios and case studies.

This means focusing on industries they have expertise in, on their campaign’s results and long-term collaborations and partnerships. Reviews, industry reputation and case studies that prove their expertise.

The necessary qualifications can be some of the following:

• Certificates and awards
• Years of experience
• Diverseness of other services provided
• Industry reputation
• And more

You can read more about our agency selection criteria here.

Sources

DesignRush sustains a directory of over 20,000 agencies categorized by service category, location, expertise and reviews. We build our database in two ways:

• Our dedicated team of agency experts actively search the web for top performing companies. We then pull information from their websites, online presence and client testimonials to verify their status and qualifications prior to listing. The agencies listed get notified of their profiles on the website and they can choose to claim it or not, which suggests their availability for more collaborations.
• Agencies can also reach out to DesignRush and must go through the verification process prior to being listed.

About the Author

Din Herdzelas is the Head of Relationship Management at DesignRush. His keen eye for spotting trends, combined with extensive business knowledge and entrepreneurial spirit make clients and C-level executives highly value his advice for outsourcing service providers, particularly in business services, as well as web and app development industries. For more inquiries, reach out to [email protected].

Accounting Firms FAQs

What Is An Accounting Firm?

An accounting firm specializes in various accounting and bookkeeping services for its clients. These services include handling payroll processing, accounts payable/receivable, bookkeeping and taxes, to name a few.

Many accounting firms offer audit management and financial advisory services as well.

The revenue of the accounting industry in the US amounted to over $119 billion in 2020.

Accounting companies ensure that clients’ financial transactions are accurate, up-to-date and within legal frameworks. They help businesses (and individuals) understand the financial “health” of their organizations.

Accounting firms offer a variety of different services that help ventures of all sizes stay financially organized and tax compliant. They lay the groundwork for business growth.

Business owners and/or startup leaders shouldn’t look at accounting firms just as a necessary outsourcing cost, but as a major, irreplaceable business partner that helps them stay productive and financially healthy.

What Do Accounting Firms Do?

When you’re running a business, you need to focus on fostering your unique value proposition (UVP), your product/services and grow your business through conversions.

No matter how important financial aspects of your business may be, you cannot spend extra time working on them because your business’s primary focus will suffer. Also, financial and accounting tasks require competent, well-trained experts to handle financial management.

When outsourcing an accounting company, you need to have a clear understanding of the services they offer: while most accountants offer bookkeeping and payroll services, some specialize in niche services such as tax strategy and precise business valuation.

1. Tax Planning And Preparation

There is so much more to tax planning than completing tax returns.

Accounting firms prepare year-end business documents and file taxes so business owners can also give them authority to represent owners’ interests regarding notices, information requests or audits from the Internal Revenue Service (IRS).

Accounting firms must help their clients identify the best solutions and create the most favorable tax scenarios.

2. Operational Bookkeeping And Payroll

Whether you’re just starting your business or you’re a veteran in the industry, your primary focus should be providing a quality product and/or service to your customers.

Yet, business owners usually aren’t experts when it comes to the financial aspect of running said business. Enter accounting company! You can send copies of your venture’s bank accounts to accounting firms that employ expert bookkeepers to maintain accurate cash flow records.

Accounting firms also manage profit and loss statements that break down key areas of revenue and costs streams, as well as payroll processing, onboarding new talent paperwork and client contracts.

3. Business Development And Valuation

Accounting firms are crucial for business growth - namely, when a business needs to create valuation reports and/or obtain audits. They are an integral part of private investor loan seeking, as well as potential merges and/or purchases.

Accounting companies look at year-end revenues and growth patterns to determine the value of the company for potential investors/buyers/initial funding and/or business expansion plans.

4. Advisory And Consulting Services

When the topic at hand is your budget and/or funding(s), expert advice and insights can go a long way in determining the maneuvering space for success opportunities. Advisory is a broad spectrum of different fields and it includes advising clients of restructuring, performance improvements, dealing with risks, etc.

In situations of uneasy financial situations and budget difficulties, it is imperative to consult professionals that know all about your business environment, current industry trends and your specific business situation.

How Much Do Accounting Companies Charge For Their Services?

The cost of accounting firms largely depends on how much work needs to be done on a certain project, as well as the exact services you require and for how long.

The typical hourly rate of an accountant’s services is between $150 and $300+ per hour, but this varies on the type of work, size of the accounting company, experience and location.

You’ll find that some accounting firms charge as low as $49 per hour, while others base their pricing on the finished project ($1,000+).

That said, each accountant services provider may have different cost structures, with some based on business revenue, or a flat rate followed by variable costs.

With the exception of audits, flat fees are fairly uncommon. They’re typical for recurring or predictable projects where accounting consultants revisit something they’ve either worked on in the past or are at least familiar with. The fee itself is going to depend on the scope and nature of the project/work.

Why Should You Hire An Accounting Firm?

There are many reasons why you should hire an accounting company for your business. Among other reasons, they will help you save money and reduce time spent on learning how to interpret difficult figures.

Consider these key benefits investment into an accounting firm’s services brings.

1. They Save Valuable Time On Administrative Tasks

An accounting firm oversees administrative tasks, most of which include billing and payroll, allowing you to focus your attention where it truly matters – growing your business.

2. Tax Expertise

Tax regulations are not set in stone and it’s easy for businesses to make mistakes, not to mention that to the uninitiated even fairly straightforward terms like “tax returns” may seem alien.

An accounting firm ensures you are tax compliant. It is able to find a variety of ways you can reduce your tax bill, etc. Accountants are experts in all aspects of taxation and they know the best way to free up additional funds for you, which represents another investment opportunity.

3. Business/Financial Advice

Besides the above-mentioned taxes, accounting firms are knowledgeable in all aspects of the business. What does that mean?

They are able to offer invaluable advice about everything from financial acquisitions to day-to-day business operations as they routinely witness your financial statements and numbers. This advice may include tips and plans on how to:

• Minimize expenses
• Assess and tackle financial challenges
• Determine most valuable client base//audience
• Determine how much money to invest in a growth plan
• Analyze the ROI of marketing strategies

How To Choose The Right Accounting Company For Your Business

Generally, businesses struggle to find the best-fitting accounting firm because they:

• Can't identify which financial services they need
• Don't know where to find the best accountants for their business needs
• Don't have the proper budget

While all respectable accounting firms stay on top of the new tax laws, most concerns arise from these three factors. For that reason, you should follow a number of steps like checking their:

1. Fees

Pricing may vary wildly, depending on the duration and type of service, agency’s specialty and experience, etc. Before partnering with one, first, check whether their pricing structure corresponds to your budget.

2. Business Specialties

Accountants generally specialize in a few financial areas in order to offer the best possible service for their prospective clients.

Ideally, your future accountant company has to have a deep knowledge of your industry, business trends and competition in order to use its expertise to the fullest. To help your brand, your chosen accountant has to understand how to work with a business of your size, with your revenue/costs and in your market sector.

3. Location

Companies prefer to hire an accounting firm in their general area, but that is not a necessity in today’s world. With the innovations like cloud accounting, you can work on your real-time data with your accountants from any location in the world.

4. Certification

Although bookkeeping and tax regulation don’t necessarily require professional expertise, securing loans and auditing do require certified accountants.

5. Availability

While some clients are more than happy to meet with their accounting firms once a year, others have more frequent needs that require clear, precise and ultimately, timely answers/solutions.

6. Proactive about cutting costs and saving money

Your ideal accounting company will want to help you save money not merely manage it.

For this to happen, it requires a deep understanding of cash flow and being proactive in achieving a cash surplus for your business.

7. Software

Working with an accounting firm that uses the same software as you do drastically streamlines the process of sharing data and accounting itself.

15 Questions To Ask Accounting Firms Before You Hire One

The following questions will help you learn about the accounting company’s expertise, previous experience, and your potential ROI:

1. What services do you provide?
2. How long have you been in business?
3. Do you have the right qualifications and certificates and is your firm, licensed in this state/country to practice public accounting?
4. How do your fees work?
5. Have you worked with clients in our industry before?
6. What challenges specific to our industry concern you most?
7. How do you typically communicate with your clients?
8. Will my account be handled by a single person or a dedicated team?
9. Can you provide feedback on my current accounting system?
10. Which (if any) accounting programs or systems do they recommend?
11. Are you a cloud-based firm or a paper firm?
12. What steps will/can you take to prepare my business for tax season?
13. What tax software do you use to prepare returns?
14. Does your fee prepare my tax return include tax advice throughout the year?
15. Why should I hire you as my accountant?

Takeaways On Accounting Firms

Accounting companies can help your business with a variety of finance-related services. Some of them include:

• Tax planning and preparation
• Operational bookkeeping and payroll
• Business development and valuation
• Advisory and consulting services

There are many reasons why you should hire an accounting company for your business, chief of which are:

• They save you time
• They have tax expertise
• They offer business/financial invaluable advice

Although choosing the right accounting company can be hard, to make sure you partner with the right one, you should check their:

• Pricing
• Expertise
• Location
• Certification
• Availability
• Resources
• Proactivity

Best of luck!

…

Scroll Up To Find The Top Accounting Firms And Pick A Partner Today!