FAQ Category: General

  • Can I outsource just part of my accounting?

    While we have familiarity with providing partial outsourced services, we find that these are our least successful projects. Our internal processes, communication, and technology are optimized to operate in a specific way. We find that having a mixed environment creates opportunities for miscommunication, accountability issues, and is harder to train. These challenges make it such…

  • Can you work with nonprofit organizations or governments?

    Glad you asked! Our team has a specialty in nonprofit and governmental organizations. As former auditors, we are intimately familiar with external audits, full GAAP accounting, and the FASB/GASB standards.

  • I am self-employed. Would your services apply to me?

    Our services are designed for companies with approximately $1.5m to $30m in annual revenue. The complexity of having employees, departments, investors, and multiple business segments are our specialty. The tools and processes we use are typically oversized for a self-employed individual with no employees. However, if you are in the early stages and expect growth,…

  • How much does outsourcing cost?

    We believe that your accounting and finance functions should be tailored to your organization size and reporting needs. With this in mind, we have developed a model designed for organizations with between $1.5m to $30m in revenue. Our fee ranges from 1.0-3.0% of revenue based on size, complexity, and service level chosen. This all inclusive…

  • What are the benefits of outsourcing your accounting and finance department?

    Most executives and owners don’t know the intricacies of double entry accounting. This makes supervising clerk-level positions, determining data quality, and knowing the right systems to implement next to impossible. Turnover in these positions can cause great headache, and hiring for accounting and finance roles is increasingly difficult. Our model offers predictable pricing with an…

  • What is an accounting and finance department outsourcing firm?

    In short: a complete solution. The core of our services includes transactional processes like accounts receivable, accounts payable, employee expenses, payroll, accruals, reconciliations, and month end closes. Our layer two services extend and interpret accounting information through additional forecasting and analysis. NKW clients typically repurpose any existing bookkeepers or clerical positions fulfilling finance duties into…