| Businesses that outsource accounting functions are | | | | Here you have a recipe for lost productivity and sales. |
| more productive and better prepared to weather | | | | By using outsourced accounting services, you can |
| economic difficulties. They are saving time and money | | | | focus your time and energy on what you do best: |
| by using accounting services that offer the best | | | | growing your business. Let the accountants do what |
| award-winning software, coupled with the accounting | | | | they do best by tracking your expenses and ensuring |
| and clerical staff to maintain it. | | | | you gain the advantages of tax right-offs at year's |
| If you are considering outsourcing this function for your | | | | end. |
| small business, you are on the right track. However, like | | | | What You Get |
| any decision, you will want to understand how it works | | | | Outsourced accounting services offer both the |
| and what concrete benefits your business will realize. | | | | accounting and clerical staff needed to maintain your |
| Cost Savings | | | | company's books. You can expect the service to set |
| Every business wants to save money, especially | | | | up, organize and maintain your accounting ledger, |
| when struggling through difficult economic times. | | | | ensuring you have accurate information about your |
| Outsourced accounting services are much more cost | | | | business finances at all times. They present that |
| effective than maintaining in-house staff. An | | | | information to you with financial reports, statements |
| accountant will cost you between $40,000 and | | | | and bank reconciliations. |
| $70,000, plus another $30,000 for an assistant to | | | | In addition, outsourced accounting services take some |
| handle the mundane aspects of recordkeeping. Add to | | | | of the burden off your human resources department, |
| that the cost of employee benefits and there is simply | | | | by maintaining employee time sheets and expense |
| no comparison. Outsourced accounting services cost | | | | accounts. Your secretary will spend less time tracking |
| only a tiny fraction of employee expenses for the | | | | purchase orders as well. |
| same professional services. | | | | Finally, you will be ready at tax time because all of |
| Saving Time | | | | your expenses have been tracked and organized |
| Accounting is one of the most time-intensive functions | | | | along the way. Outsourced accounting services |
| of your business. If you are a sole proprietor, you | | | | ensure that you never miss a tax-deductible expense |
| know the headaches simply maintaining a balance | | | | and that your quarterly tax filings are properly |
| sheet can cause. In addition, tracking tax-deductible | | | | calculated, maximizing cash flow for your business. |
| expenses and receivables takes up even more time. | | | | |