Finance and Accounting Outsourcing

At LBMC W Squared, we take a collaborative, goal-oriented approach to work with you and your business. We want to be a cornerstone for our clients’ success by partnering to deliver optimal integrated solutions for accounting and finance that provide scalability, efficiency and value.

While the typical accounting back-office solution may be a solo consultant, LBMC W Squared is not typical. As part of your team, we provide sophisticated, affordable solutions customized to scale as your organization grows.

LBMC W Squared Partners with Maxio

We are proud to announce our partnership with financial operations platform Maxio to further enhance our outsourced accounting solution for clients. The strategic partnership with Maxio will result in synergies for both companies and allow LBMC W Squared to provide a more scalable solution for clients.

LBMC W Squared is one of the first outsourced accounting companies in the U.S. to start the partner channel program with Maxio. 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.

Read the full press release on Yahoo! Finance.

Scalable Finance and Accounting Services

Managing finances for your business doesn’t have to be tedious or complicated. LBMC W Squared delivers transformational value through process excellence, integration, automation, benchmarking, and decision support. We provide the people, systems, analysis, and reporting to track your expenditures and income. Here are just a few of the ways we can improve the way you manage your company. Services include:

  • Month End Close and General Ledger Management (hard close with balance sheet reconciliations)
  • Accounts Payable and Accounts Receivable Processing
  • Cash Management (managing and investing)
  • Electronic Payments Capability
  • Multi-Entity Consolidation & Segment Reporting
  • Comprehensive Financial Statement Reporting (Operational Analysis, KPI’s, Board Package)
  • Tax & Audit Package Preparation & Assistance

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
  • Payments Platform
  • Expense Reporting Tools
  • Document Management & Workflow
  • Ipreo Equity Ownership Platform
  • Multi-Entity Management
  • Data Integrations
  • Advanced Reporting

Strategic and Financial Management

Our Strategic and Financial Management leadership team has built, managed, and turned around accounting departments across a wide spectrum of industries. We provide scalable solutions for companies of all sizes, and we work with our clients to develop and execute strategies that produce results. Let us take the stress of managing costs and income off your shoulders – so you can focus on your core business and making it grow.

CFO Level Expertise and Strategy

  • Comprehensive Financial Analysis (Budgeting, Forecasting, and Pro Forma Analysis)
  • Preparation & Process for Future Monetization Event (Recapitalization, Acquisition, or IPO)
  • Investor/Board Strategy & Communication
  • Relationship Management with Private Equity/Venture Capital Partners
  • Investor Pitch Development
  • Capital Funding Strategy

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

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.

The Collective We

At W Squared, we take the idea of partnership very seriously. We meet companies where they are, acknowledging and recognizing needs at different stages in corporate growth.

Whether you are a start-up looking for a speedy solution or an established business concerned with the impact of growth on internal culture, W Squared offers a comprehensive, blended solution from the top down—from strategy and leadership to simple transactions.

With an appreciation of the importance of sensitivity, assimilation and seamless integration, W Squared takes the posture of your organization and behaves as an internal department, not an external consultant. Our relationships are built on trust and focus on definitive outcomes rather than mere recommendations. Through our collaborative, goal-oriented approach, we mobilize and energize companies of all types and sizes – from start-ups to enterprise organizations.

The W Squared model of business process partnering continues to be borne out with repeat customers and a strong track record over a range of industries, including healthcare services, technology, medical devices, retail, social media, and SAAS. Success breeds success, and we are constantly proving it.

W Squared’s Value

  • 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

Vice President, Accounting and Implementation

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phone icon email icon Nashville
Link to Mandy Finance & Accounting

Mandy Kennedy

VP, Operations LBMC W Squared

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phone icon email icon Nashville
Link to Michael Finance & Accounting

Michael Smith

Vice President, Accounting and Systems

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email icon Nashville
Link to Tammy Finance & Accounting

Tammy Wolcott

President and CEO, LBMC W Squared, LLC and LBMC Procurement Solutions, LLC

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phone icon email icon Nashville

Contact Us

We’re happy to answer any questions you may have on what our W Squared 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