Outsourced Accounting and Finance

We understand that growth and change can present challenges for businesses’ accounting and financial teams. That’s why we provide expert support to both start-up and mature companies, helping them implement or upgrade their accounting systems and handle trigger events like acquisitions. With our timely and accurate management information and financial reporting, businesses can run smoothly without the need for additional full-time accounting personnel. Private equity funds also benefit from our back-office support, including outsourced CFO services and direct portfolio company support.

Fund managers face a dilemma between direct hiring and outsourcing to meet their operational needs. However, with budgetary constraints making it difficult to build out a full back-office team, many are turning to us for our wider range of experience and ability to assume multiple duties and responsibilities. Our solutions are scalable, efficient, and value-driven, providing our clients with the support they need to achieve their goals.

NEWS ALERT! LBMC W Squared Announces Executive Leadership Team, Names New CEO

Transition Aligns with Growth of LBMC’s Outsourced Accounting Affiliate Company and Increasing Client Demand

LBMC W Squared, LLC, a national leader in the outsourced accounting profession and an affiliate of top business consulting and advisory firm LBMC, is pleased to announce its new leadership team with Chris Morgan as CEO, Michael Smith as Senior Vice President, Accounting Systems and Implementations, and Mandy Kennedy as Vice President, Operations. LBMC W Squared founder Tammy Wolcott will continue to serve in an advisory role for the company, as well as continuing in the CEO role for LBMC Procurement Solutions.

Read the full press release.


Scalable Finance and Accounting Services

Managing finances can be a daunting task for businesses of any size. That’s why we offer scalable finance and accounting services that deliver transformational value through process excellence, integration, automation, benchmarking, and decision support. Our team provides the people, systems, analysis, and reporting necessary to efficiently track your expenditures and income, freeing up your time to focus on growing your business.

With our services, you can experience significant improvements in the way you manage your company. We offer a range of services, including:

  • Month End Close and General Ledger Management
  • Accounts Payable and Accounts Receivable Processing
  • Cash Management
  • Multi-Entity Consolidation & Segment Reporting
  • Comprehensive Financial Statement Reporting (Operational Analysis, KPI’s, Board Package)
  • Tax & Audit Package Preparation & Assistance

Our solutions are designed to be scalable, ensuring that they can grow alongside your business. By partnering with us, you’ll have access to expert support that can help you make informed financial decisions, streamline your processes, and ultimately increase your bottom line. So why waste time managing your finances alone? Let LBMC W Squared help you transform your financial management today.

Accounting System Software

Your LBMC W Squared accounting team is always “virtually down the hall” and an email away. Some of our core competencies include:

  • Intacct / MS Dynamics Great Plains – Enterprise-level software solution
  • Maxio
  • Bill.com Payments Platform
  • Expense Reporting Tools
  • Document Management & Workflow
  • Ipreo Equity Ownership Platform
  • Multi-Entity Management
  • Data Integrations
  • Advanced Reporting

Strategic and Financial Management

Effective strategic and financial management is crucial for the success of any business. It involves not only managing accounting departments but also making sound financial decisions that align with the company’s objectives and long-term goals. Our leadership team has a wealth of experience in navigating complex financial landscapes, identifying potential risks and opportunities, and developing strategies to maximize profits and minimize costs.

LBMC W Squared knows that every business is unique, and we provide tailored solutions to meet each client’s specific needs. Whether you are a small start-up or a large corporation, we offer scalable solutions that can help you achieve sustainable growth. Our team works closely with clients to understand their business operations and challenges, enabling us to provide personalized recommendations and effective solutions.

We take pride in our ability to provide stress-free financial management services, allowing our clients to focus on what they do best – running their core business. With our team of experienced professionals handling the accounting and financial management, you can be confident that your company’s financials are in good hands. Contact us today to learn more about how we can help your business achieve its strategic and financial goals.

CFO Level Expertise and Strategy

  • Comprehensive Financial Analysis (Budgeting, Forecasting, and Pro Forma Analysis)
  • Preparation & Process for Future Monetization Event (Recapitalization or Acquisition)
  • Investor/Board Strategy & Communication
  • Relationship Management with Private Equity/Venture Capital Partners
  • Provide tactical and strategic advisory services for financial and business operations

Why clients choose us

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We closed an acquisition on December 1. By year-end, LBMC W Squared had fully integrated all of the acquired company’s records and accounting practices into our books. We closed December 31 with a completely integrated company and went through year-end audit on that basis. LBMC W Squared helped make everything very seamless.
Chief Financial Officer at a retail company
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As a former divisional controller of a Fortune 50 company, LBMC W Squared’s model is the best finance and accounting outsource that I have found. The level of service LBMC W Squared provides is incredible. I will never bring my finance and accounting in-house as long as LBMC W Squared’s service is available. In any future business endeavors, I will always outsource my finance and accounting department to LBMC W Squared.
Founder at a healthcare technology company
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LBMC W Squared’s deep knowledge, talent and transactional experience of positioning public and private companies for growth is desirable in the Nashville market and nationally. Their Wall Street experience helps take LBMC W Squared to a higher level of financial sophistication.
Investor and Former Co-Head of investment banking and brokerage firm
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Row Associates was founded in early 2020. LBMC W Squared initially engaged with Row Associates by providing a fractional team and system that allowed us to focus on serving our clients and managing operations without the added stress of building a finance infrastructure out of the gate. They utilized technology, integrations and automation to work smarter, not harder, and proved that cloud based systems and a virtual accounting team can work as well or better than an in-house team. And most importantly, they gave us the right people and expertise to handle our needs and have been able to grow and scale with us.
Senior Managing Partner at an advisory firm

Are you a SaaS company looking to improve your financial management?

LBMC W Squared Partners with Maxio

(Yahoo! Finance) We are proud to announce our partnership with financial operations platform Maxio to further enhance our outsourced accounting solution for clients. Maxio’s software products enable SaaS companies to efficiently manage subscriptions, billing, payment processing and metric reporting. In addition, Maxio’s software solution provides a framework that allows companies to easily scale as the company grows.

View PDF Checklist: Are you struggling with any of these problems?

Demo of Maxio: Learn how we can help you.

Featured Clients

Case Study: Finance and Accounting Outsourcing

A Nashville healthcare investment banking veteran decided to start a highly specialized strategic advisory firm just as COVID-19 began to impact business economies around the U.S. Starting a new business as the country was shutting down was not ideal, but they still needed a complete back office. They found one in LBMC W Squared’s outsourced finance and accounting solution and other LBMC business services.

LBMC W Squared was engaged as the client’s finance and accounting department to design and establish the cloud-based accounting, bill payment and expense reporting systems, develop policies and procedures and provide all accounting, procurement, accounts receivable and accounts payable functions. LBMC W Squared was able to stand up the new system, infrastructure and services in April and May, despite a national shut-down, by providing a virtual deployment.

The client was able to open their office, bill their clients, pay their AP, and produce financial statements for operational and regulatory purposes. They reached steady state for monthly activity and financial close in under 6 months DURING a worldwide pandemic. This rapid deployment and successful implementation would not have been possible without the expertise and professionalism of the LBMC W Squared team.

Outsourcing Solution for Accounting and Finance Services

At LBMC W Squared, we value the power of partnership. We understand that different companies have unique needs, especially as they grow and evolve. Whether you’re a start-up seeking a quick solution or an established business navigating the challenges of growth, we offer a comprehensive solution that covers everything from strategy and leadership to simple transactions.

We approach each project with sensitivity and aim for seamless integration into your organization’s culture. We pride ourselves on building trust and delivering definitive outcomes, rather than just offering recommendations. Our collaborative and goal-oriented approach helps companies of all sizes and types, from start-ups to enterprise organizations, mobilize and energize.

Our proven model of business process partnering has resulted in many repeat customers and a strong track record across a range of industries, including healthcare services, professional services, technology, medical devices, and SAAS. Our success is a testament to the effectiveness of our approach, and we’re always striving to improve and achieve even greater results.

Our Values

  • Honesty and integrity guide our behavior and decisions.
  • Our commitment to quality and reliability is unyielding.
  • Our culture of teamwork generates trust and results.
  • We respect the dignity and worth of every individual.
  • We lead by doing the right things, in addition to doing things right.

LBMC W Squared’s Leadership

Link to Chris Finance & Accounting

Chris Morgan

CEO, W Squared

phone icon email icon Nashville
phone icon email icon Nashville
Link to Mandy Finance & Accounting

Mandy Kennedy

VP of Operations, W Squared

phone icon email icon Nashville
phone icon email icon Nashville
Link to Michael Finance & Accounting

Michael Smith

Senior Vice President, Accounting Systems and Implementations, W Squared

email icon Nashville
email icon Nashville

Contact Us

We’re happy to answer any questions you may have on what our experts can do for you. Please send us an email using the form and one of our professionals will get back to you promptly.

LBMC W Squared Office Location:
3 Maryland Farms, Suite 150
Brentwood, TN 37027

Phone: 615-377-4600

Office Hours: 8 a.m. – 5 p.m., Monday-Friday

201 Franklin Road
Brentwood, TN 37027

Mailing Address:
P.O. Box 1869
Brentwood, TN 37024-1869

605 Chestnut Street, Suite 1100
Chattanooga, TN 37450

2095 Lakeside Centre Way, Suite 220
Knoxville, TN 37922

This contact form is for service inquiries only. All vendors should email info@male-style.com.