Basis 365 Accounting

Basis 365 Accounting offers outsourced accounting to growing firms that have outgrown a basic bookkeeper but are not yet ready for a full-time finance chief. Its clients tend to be professional services, consulting, agency and tech or software companies, along with businesses that sell online or bill for project work and are preparing to scale.

A method built around cash and profit

The firm calls its approach the P-R-O-F-I-T method and describes it as exclusive. It applies tactical execution drawn from internal playbooks, and it says the method keeps a client's financial operations performance driven, optimized and integrated. The firm focuses on cash flow, profit and overall financial performance, with a stated aim of helping businesses scale smarter.

Team-based service rather than a new hire

The firm argues that a scalable, team-based model offers more flexibility and continuity than hiring an internal finance function. Its team combines cloud technology, automation and strategy, and it says it blends into a client's own team. It describes its service as proactive, responsive and on time, and as a dependable partner.

Cloud accounting with automation

The service is fully online and paperless, designed for owners who want a mobile-friendly and streamlined experience. The firm says it uses cloud accounting, integrated systems and automation to deliver reliable and timely financial information, with reporting on cash flow, margins and forecasts so owners can see where the business is going.

Scoring financial operations in five areas

The firm offers a short online assessment that scores a company's financial operations across five dimensions and produces a custom PDF report. The assessment is aimed at founders who want to understand their numbers, and the firm presents it as a way to check whether financial operations are built for where the business is heading.

Who the outsourced model suits

The firm describes its outsourced accounting as award-winning. It says the model suits businesses that have outgrown a bookkeeper but are not yet ready for a full-time chief financial officer, and that it has been built for the kind of firm that bills for project work or sells products online.

Basis 365 Accounting supplies outsourced accounting to growing companies that have outgrown a basic bookkeeper. Its team works online with cloud tools and automation, and it pairs routine bookkeeping with reporting and forecasting. The firm uses its own method, called P-R-O-F-I-T, to organise the work.

What Basis 365 Accounting does

• Outsourced accounting: a team-based service that acts as an extension of the client's staff.
• Bookkeeping: accurate, timely records.
• Fractional CFO support: senior financial guidance without a full-time hire.
• Reporting and forecasting: visibility of cash flow, margins and performance.
• Financial operations assessment: a short online questionnaire that scores a company across five areas.

Customers and markets

Professional services, consulting, agency and software firms, as well as ecommerce and project-billing businesses that are ready to scale.

Key facts

• Delivery: fully online, paperless and cloud-based
• Approach: proprietary P-R-O-F-I-T method