April 1, 2005: First to Offer Online Fixed-Fee Outsourced Accounting Services

Press Release

Accountiviti Becomes First New

England Firm to Offer Online Fixed-

Fee Outsourced Accounting Services

Cambridge, MA, April 1, 2005:  Accountiviti Inc., announced today that effective immediately, the company will offer online bookkeeping and payroll services to small businesses and non-profit organizations nationwide at fixed monthly rates, making them ?the first New England accounting firm to provide fixed-fee? online outsourced accounting services.   By passing on the savings associated with elimination of customer office visits ? since accounting data and source documents will be shared via a secure ?Online Office? using an ?Online or Desktop Accounting Software? ? Accountiviti is able to offer low-cost bookkeeping services for fixed monthly rates starting as low as $99.00.  Organizations can also take advantage of payroll services with rates starting as low as $19.95 per week for up to 5 employees. All of this is in keeping with the company?s mission ?to give more-services-for-less without compromising quality?.  In addition to the two aforementioned fixed-fee services, the company offers online new company registration, tax preparation, financial software implementation and other controller services.

President and Outsourced Controller, Shola Muyide is very excited about being able to make his staff?s extensive accounting and financial systems knowledge available nationwide to start-up, small- to mid-sized businesses, and non-profit organizations.  Mr. Muyide stated ?our team is very pleased to provide reasonably-priced and low-cost, world-class accounting services to those smaller organizations that in the past have not been able to afford the services offered by higher-priced traditional accounting firms.  Our online, fixed-fee services are highly beneficial for and well suited to small organizations for which monitoring daily cash flow is critical.  Our fixed-fee online bookkeeping and payroll services allow business owners and managers to know upfront what a particular month?s bookkeeping and payroll expenditures will be.?  

In addition to embracing the benefits of predictable accounting-related expenditures, Accountiviti expects small- and mid-sized organizations to find their new online accounting programs to be very attractive simply because those organizations don?t have the time, money and expertise to manage the accounting function internally.  The cost-effectiveness of outsourcing the accounting functions, and therefore, avoiding the various compensation, benefits, capital and training costs associated with an internal accounting department, makes Accountiviti?s ?back-office? services the ideal accounting option for small business owners and non-profit managers.  Furthermore, organizations can run their businesses more effectively because Accountiviti?s online-outsourced services allow for 24/7 viewing of customer accounting records ? customers control and manage their money while Accountiviti manages and updates their accounting and bookkeeping records daily. 

Accountiviti has been providing on-site outsourced accounting services to small businesses and non-profit organizations since 1996.  They started as a small operation years ago and have grown today to become a complete Online outsourced accounting firm -- making it possible for them to assist any clients anywhere in the USA and around the globe.  While its new online accounting services allow Accountiviti to expand its customer reach, the company will continue to offer ?on-site? outsourcing for clients in Massachusetts.

Individuals interested in learning more about the company?s new services as well as participating in an online demo, can visit Accountiviti at: www.accountiviti.com.

Accountiviti Inc. is a privately-held corporation headquartered in Cambridge, MA.