Client Advisory and Accounting Services
Client Advisory and Accounting Services (CAAS) is all about providing a complete, outsourced solution that brings together everyday accounting help and smart financial advice. CAAS helps businesses with everything from basic bookkeeping to high-level CFO services. It streamlines operations, boosts financial visibility, and provides expert insights all without the hassle and expense of running a full internal accounting team. CAAS helps leaders make smarter decisions and focus on growth by saving time, cutting down on overhead, and providing timely, data-driven insights.
Client Advisory and Accounting Services in Practice
Your Trusted Partner in Finance and Accounting Outsourcing
Running a business involves juggling a steady flow of financial duties, such as processing payroll, monitoring expenses, generating reports, and ensuring compliance with regulations. These tasks are important, but they can consume time and resources, distracting you from what truly matters strategically. Lots of businesses run into issues such as not having clear financial insights, losing important team members, or dealing with old processes that hold back their growth.
LBMC CAAS provides a smarter path ahead. We’re here to be a part of your team, taking care of everything from everyday bookkeeping and payroll to controller oversight and CFO-level insights. We take a proactive approach that cuts down on administrative hassles, boosts compliance, and provides real-time financial data. This empowers leaders to make confident decisions, enhance performance, and concentrate on growing the business.
Our expertise spans multiple industries, and we pride ourselves on being an accounting outsourcing company in the U.S., delivering high-quality finance outsourcing services tailored to unique business needs.
Why Businesses Choose Client Advisory and Accounting Services
When business demands begin to surpass internal processes, companies look to CAAS for a solution. As operations become more complex, legacy systems, inconsistent reporting, and increasing compliance responsibilities can slow down progress and create risks. CAAS offers a flexible and scalable solution that gets rid of these bottlenecks. This means you can operate smarter, have better oversight, and create room for growth.
Here are some common pain points that create a need for CAAS:
- Manual processes can cause errors or delays.
- Fragmented systems and a lack of integration or visibility.
- Struggling to keep internal controls in check or stay ready for audits.
- Struggling to keep accounting resources in line with business growth.
- Deadlines that slip by or reporting that feels like a last-minute scramble.
- Not enough access to key financial know-how.
- The costs of hiring and keeping in-house accounting talent are on the rise.
Ready to Reduce the Burden of Daily Accounting?
Free your team from time-consuming tasks and gain financial clarity with LBMC’s Client Advisory and Accounting Services.
LBMC's Client Advisory and Accounting Services
LBMC tailors our Client Advisory and Accounting Services to fit your requirements, giving the right support as your business grows and changes. We offer everything from basic bookkeeping to strategic financial leadership. Our flexible service model helps you scale confidently while keeping control, accuracy, and insight in check.
Outsourced Accounting Services
LBMC’s Accounting Services include the following, which can be tailored to your unique circumstances and needs:
- Maintain the general ledger, including recording transactions and reconciling balances
- Prepare financial statements on an interim and annual basis
- Process accounts payable and prepare checks for signature
- Maintain fixed asset and depreciation records for book, tax and state purposes
- Calculate incentive compensation and owner profit allocations
- Prepare operating and financial budgets and key performance indices
- Prepare 1099s for vendors
- Prepare reports for compliance requirements, such as workers’ compensation, tangible personal property requirements, business licenses, unclaimed property, etc.
- Meet with management as needed to provide financial oversight and to review financial reporting, trends, cash flow and other business issues
- Provide assistance and training on accounting procedures and internal control:
- Reconciliation procedures (cash, sales, payables)
- Related party accounts balancing procedures
- Posting of manual checks and cash transactions
- Posting of payroll expenses
- Posting of recurring monthly journal entries (depreciation, amortization, debt service, intercompany charges and expense accruals)
- Inventory adjustments
- Computations of bonuses
- Provide year-end tax planning for businesses and owners
Payroll Services
As a reliable bookkeeping outsourcing company, LBMC ensures payroll accuracy and compliance:
- Process payroll accurately and timely
- Report on real-time data
- File federal, state and local payroll tax returns
- Calculate and deposit all payroll tax returns
- Process and print W-2s
Consulting Services
Our team provides expert consulting for:
- Improved use of accounting software, such as QuickBooks and Intacct – a cloud-based accounting and financial management software
- Audit of workers’ compensation
- Audit of state unemployment taxes
- Audit of tangible personal property
Additional Specialized Services
Family Office Services – Holistic financial oversight and coordination for high-net-worth individuals and families, tailored to your unique goals and lifestyle.
Daily Money Manager Services – Personal financial organization and bill management for individuals seeking day-to-day support with routine financial tasks.
Services Tailored to Your Business Needs
Whether you need outsourced accounting, payroll, or advisory support, out team adapts solutions to your goals and growth stage.
Industries We Serve
Our Client Advisory and Accounting Services team works closely with various industries to provide tailored outsourced accounting solutions that meet the specific challenges and goals of each client. If you’re looking for help with compliance, scaling your operations, or getting a better handle on your finances, our team is here for you. We offer industry-specific insights and the flexibility you need to succeed.
All Industries We Serve
Local Expertise, Wherever You Are
With offices in Chattanooga, Memphis, Louisville, Nashville, Knoxville and Charlotte, plus remote offices, LBMC partners with businesses across the region and beyond.
Why Choose LBMC as Your Client Advisory and Accounting Firm?
Businesses turn to LBMC for outsourced accounting because we provide reliable results, drawing on decades of experience, industry knowledge, and a personalized, tech-savvy approach.
- Experienced Partner – Decades of delivering outsourced accounting solutions across diverse industries.
- Industry-Focused Expertise – Deep understanding of sector-specific challenges and compliance requirements.
- Technology-Enabled Efficiency – Real-time reporting and streamlined workflows powered by best-in-class platforms.
- Flexible, Scalable Support – Services that adapt as your business grows or needs shift.
- Client-First Relationships – Personalized service and proactive communication built on trust and long-term impact.
Real Results from Real Clients
LBMC CAAS brings real value to various industries. Our clients are experiencing real results, like better financial clarity, lower compliance risks, and more time for their teams to focus on growth.
Veterinary Practice
When Dr. Euan Murray started Great Scottie Veterinary Clinic, he was looking for more than just bookkeeping; he wanted a financial partner by his side. LBMC provided personalized support in areas like accounting, compliance, tax, and retirement planning.
“From day one, the accounting team at LBMC has been helping us. Their insight, responsiveness, and reliability have helped us build a stronger, more successful practice… and let us spend way less time on the books and much more time with our patients.” – Dr. Euan A. Murray, BVMS
👉 Read the full case study (PDF)
Hospitality Group
A multi-property hotel group is teaming up with LBMC to streamline its financial processes across all its locations. The group saw improvements in consistency and a lighter internal workload thanks to tailored support in accounts payable, monthly reporting, and tax planning.
“LBMC offers more than outsourced accounting. Their ability to step in and handle financial details—without requiring us to build an internal team—has freed us to focus on growth and guest satisfaction.”
👉 Read the full case study (PDF)
How We Help Businesses with Outsourced Accounting
1. Introduction to Outsourced Accounting & CAAS
- The Complete Guide to Outsourced Accounting
- What Are Client Accounting Services?
- CAAS: A Bold New Approach to Accounting and Finance
2. Benefits and Considerations
- Ways Outsourced Accounting Can Benefit Your Business
- Pros and Cons of Working with an Outsourced Accounting Service
- Why Do Businesses Work with an Outsourced Controller?
- Consider Outsourcing Your Financial Operations
3. Specific Accounting Functions & Roles
- Outsourced Accounting Function: What It Includes
- A Guide to Outsourced Bookkeeping
- Outsourced CFO: Navigating Financial Excellence
- Outsourced Bookkeeping: Your Solution to Year-End Pains
- Guide to Financial Planning and Analysis for Businesses
4. Selecting a Provider & Regional Considerations
FAQs About CAAS and Outsourced Accounting
1. What types of businesses benefit most from Client Accounting and Advisory Services (CAAS)?
CAAS is perfect for middle market businesses, high-growth companies, private equity-backed organizations, and lean finance teams that want top-notch accounting support without the hassle of creating a full internal department. If your team is feeling overwhelmed, missing out on timely financial data, or looking for scalable expertise, CAAS might be just what you need.
2. What’s the difference between outsourced accounting services and CAAS?
Both options let you hand off accounting tasks to an outside team, but CAAS covers a wider range of services. It offers everyday support such as bookkeeping and payroll, along with strategic insights from controller oversight, forecasting, and guidance at the CFO level. CAAS combines smart transactions with high-level strategic thinking.
3. How do CAAS solutions differ from traditional in-house accounting teams?
CAAS gives you built-in scalability, a full team of specialists at your fingertips, and advanced tools—advantages that are tough to match with just a small internal team. It also hands off the hiring, training, and managing of accounting staff to a trusted partner, allowing leaders to spend more time focusing on growth.
4. How is pricing structured for outsourced accounting and CAAS?
The price usually varies based on how extensive and complicated the services are. LBMC provides flexible engagement options—whether you need monthly support, project-based help, or fractional leadership—that fit your business needs and budget perfectly. You’ll enjoy predictable costs and see a clear return on your investment, all without the burden of full-time salaries and benefits.
5. What does onboarding with LBMC’s CAAS team look like?
We aim to make onboarding as smooth and easy as possible for everyone involved. Let’s kick things off with a discovery phase where we dive into your current systems, processes, and goals. Next, we put together a personalized service plan, introduce you to your dedicated team, and connect with your technology to make sure everything runs smoothly and clearly from the very start.
6. Can CAAS grow with my business as needs change?
For sure! One of the main perks of CAAS is its scalability. As your business grows, we can easily expand our services to include everything from basic bookkeeping to controller oversight and even outsourced CFO support, all without needing to restructure or bring on new hires.
If you’re looking for detailed answers to questions about growth, forecasting, and strategic planning specifically for CEOs, check out our extended FAQ: CEO FAQs: Client Accounting & Advisory Services (CAAS).
Driving Success Through Financial Partnership
Our finance and accounting services are more than just transactional—they are strategic partnerships aimed at empowering your business. LBMC stands out among finance outsourcing companies because of our commitment to excellence, customized solutions, and long-standing client relationships.
We work closely with banks, attorneys, brokers and other advisors to relieve business leaders of the technical and time-consuming tasks of accounting, financial reporting, payroll, budgeting, compliance and analysis, while also strengthening internal control and financial oversight.
Whether you’re looking for a financial accounting outsourcing provider, outsourced CFO, outsourced controller, or a bookkeeping outsourcing company, LBMC’s comprehensive approach ensures that your financial operations are managed with precision and care.
Let’s Start a Conversation
Our team of professionals is ready to discuss ways outsourced accounting can benefit you and your unique business challenges. Contact us today to explore how LBMC can serve as your outsourced finance partner.
