Accounting Services
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Outsourced Accounting

Expertly trained accountants with a deep understanding of the software and your industry,

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Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

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Bill Pay

Outsourced bill pay solution with cash flow reporting and tracked expenses.

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What Are Outsourced Accounting Services and Do I Need Them?

If you are asking yourself these two questions, you've come to the right place.

What’s the Difference Between CFO and a Controller - and What Do I Need?

Although these two important roles are sometimes viewed as interchangeable there are important differences between them.

Industry Expertise
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Our Key Industries

Expert knowledge and high-quality software solutions for our 5 key industries.

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Construction & Real Estate

Real-time financial data and integrated job costing to generate reports and improve accountability.

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Manufacturing & Distribution

Track billing of materials, implement inventory control systems, manage supplier base, and reduce unnecessary costs.

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E-Commerce

Our team has the expertise needed to navigate deposits, refunds, chargebacks, and processing fees to maximize efficiency.

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Professional Services

Streamline financial operation and increase overall profitability to enable faster and smarter decisions.

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Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

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Why does industry expertise matter?

Industry focus allows us to be experts in the accounting needs of the companies that operate within these industries.

Why Plumb Works With These Industries

This is another one of our favorite questions. The answer is easy: we know these industries.

Software Expertise
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Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

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NetSuite Software

Integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.

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QuickBooks Software

Scalable solutions for reporting, transactions, month-end close, analysis, and more.

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QuickBooks to NetSuite Migration: A Comprehensive Guide

Migrating from one accounting software platform to another is a critical undertaking for businesses. This is especially true when considering a transition from QuickBooks to NetSuite.

How do I know which Software is right for my company?

Selecting the "right" software for your company might seem like an overwhelming task, but we'd like to help make this process easier for you.

Sage
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Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

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Sage Intacct

Automate the critical processes, reduce the spreadsheet headaches, and get greater visibility into real-time business performance.

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Sage 300 CRE

Sage 300 Construction & Real Estate connects finances and operations to help ensure maximum profit.

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Sage 100 Contractor

The all-in-one construction software that goes beyond basic accounting to put you in total command of your projects.

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Sage Estimating

Build bids quickly and precisely, plus integrate with other Sage software solutions to streamline operations.

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Sage Paperless

Easily store, retrieve, and route documents for accounting and operations.

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Sage Service

Streamline service calls and construction projects from start to finish with web-based real-time information.

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Additional Solutions

Add-on these services to improve workflow and enhance data and analytics.

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How and When to Choose Construction Accounting Software?

The right tools can help you manage your construction projects efficiently, provide clarity of your finances, and ultimately help improve profitability and job success.

5 Types of Visibility Every Construction Firm Should Have.

Here we list 5 key elements to help capture insights that are pivotal to running an efficient and lucrative constriction firm.

ABOUT
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About Plumb

Plumb seeks to empower business owners and leaders to gain clarity about their financials to grow their business.

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Case Studies

Learn more about our work with clients in a variety of different industries.

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Meet the Team

Learn more about the Plumb leadership team.

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The Plumb Promise

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Careers

Want to join us? Check out our current open positions and apply today.

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What can Plumb Do for Your Business?

At Plumb we pride ourselves on providing "clarity in accounting and stewardship in service." But what does that actually mean?

What's the Plumb Promise and What's in it for You?

We're on a continuous journey to go above and beyond for our clients. Here's how we do that.

5 Latest Accounting Trends To Watch In 2024

Posted on May 2, 2024 at 9:24 AM
Written by Plumb

As we progress into the digital era, the accounting industry continues to evolve rapidly, driven by technological advancements and changing business landscapes. For mid-sized business owners, staying abreast of the latest accounting trends is crucial for making informed decisions about outsourcing accounting services or integrating new accounting software. Here, we delve into five pivotal accounting trends set to shape the industry in 2024.

Embracing the Remote Workforce

The shift towards a remote workforce has fundamentally changed how accounting services are delivered and consumed. The pandemic accelerated this trend, but the adoption of cloud-based software has solidified its permanence. For accounting firms and their clients, this means increased flexibility and decreased overhead costs. Success in this environment hinges on leveraging virtual communication tools, cloud-based accounting platforms, and secure data storage and sharing solutions. This trend not only caters to the demand for work-life balance but also opens the door to a global talent pool.

Prioritizing Data Security

In an age where data breaches are increasingly common, the security of financial data has never been more critical. Accounting firms must fortify their defenses against cyber threats through robust cybersecurity measures, including comprehensive training for all employees. The implementation of two-factor authentication and secure, cloud-based data storage solutions are becoming standard practices to protect sensitive client information and maintain trust.

Expanding into Advisory Accounting Services

The role of accountants is expanding beyond traditional bookkeeping and tax preparation. Advisory services are becoming a significant value driver for accounting firms, offering insights into technology adoption, operational efficiencies, and strategic financial planning. This transition from transactional services to holistic advisory roles enables accountants to play a pivotal role in their clients' success, fostering deeper relationships and opening new revenue streams.

Automated Processes and Artificial Intelligence

Automation and artificial intelligence (AI) are revolutionizing accounting processes, from data entry to complex financial analysis. Tools like robotic process automation (RPA) and AI-driven analytics are streamlining operations, reducing errors, and freeing up time for accountants to focus on advisory roles. As these technologies continue to mature, we can expect them to take on more sophisticated tasks, further transforming the industry.

Adopting Value-Based Pricing

The move towards value-based pricing reflects a broader shift in how accounting services are valued and billed. This approach focuses on the outcome and value delivered to the client rather than the time spent on specific tasks. For accounting firms, this means a greater emphasis on efficiency and effectiveness, driven by technology and automation. Value-based pricing also offers clients transparency and predictability, enhancing client satisfaction and loyalty.

The accounting industry in 2024 is set to be more dynamic, technologically advanced, and client-centric than ever before. For mid-sized business owners, understanding and embracing these trends will be key to navigating the challenges and opportunities of the digital age. Whether through outsourcing accounting services or integrating new software solutions, staying informed about these trends will ensure that your business remains competitive and well-positioned for growth.

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