Outsource Accounting Services An Easy Option

Are books, accounts and figures taking over your time

? Do you want to get free from sorting numbers and simply concentrate on your core business? Then you must choose to outsource your accounts.

Bookkeeping and accounting are an integral part of every organization or enterprise and book of accounts must be well maintained to arrive at accurate projections of expenses and profits. Correct numbers are required for evaluations and for preparing various reports to assess the health of the company. Hiring a full time accountant or bookkeeper may turn out to be an expensive affair as one needs to factor in the overhead expenses as well as expenditure incurred in providing benefits to that employee in addition to his salary. Outsourcing is thus a viable option that helps in reducing cost while benefits of the service can still be enjoyed. These external service providers charge very nominal fees or monthly retainers and are excellent to engage rather than hiring an accountant.

Services like billing customers and keeping track of bills are also provided while outsourcing accounting and thus act like a one stop shop for all your bookkeeping requirements. Scanned copies of all bills and expenses need to be mailed to the external agency and these documents are then maintained by your outsourced accountant. Availing of financial accounting services makes it possible to view various reports of the company online. Since all reports are maintained and available over the internet, your balance sheet, and income statement as well as reconciled general ledger is easily accessible and this comes in handy when you need these details before an important and unexpected meeting and dont have to spend time going over multiple files to find what you are looking for.

Management decisions require thorough analysis of reports and this requires information that is readily available at the click of a button. Cash flow reports and accounts payable and receivable aging as well as check and cash receipts journal are provided when you outsource your accounting services at affordable monthly charges. Payroll services along with appropriate tax inputs are also taken care of while outsourcing accounting and can be availed of to have one single agency with which you share all your data. Bookkeeping involves tremendous amount of paperwork which in turn takes up a lot of space, outsourcing ensures that amount of space becomes available to be utilized for other purposes. CFO services provided include unlimited number of meetings and phone consultations along with advice on tax planning and audit and support in dealing with the IRS.

If you are running a not for profit or small business, cost cutting is eternally on your mind and an effective way to achieve this is to outsource accounting services. Standard accounting software such as QuickBooks is used by Bay Business Group and this helps in ensuring accuracy of data. Highest degree of security is employed is keeping important information pertaining to your business confidential and backup of all your data is also maintained and is available in the unlikely event of a server crash. Also CPA services are provided in addition and this helps in getting your organizations performance reviewed and also identifies areas of improvement.

by: David Bradsher

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