Financial data is an essential part of every business, and one of the decisions business owners must make is whether to outsource their finance and accounting services, do it themselves, or hire someone to do it in-house. Outsourced accounting and bookkeeping services are becoming a more utilized solution for small businesses as they begin to understand the advantages.
1. What is outsourced accounting?
2. Should you outsource your accounting?
3. Benefits of virtual accounting services
3.1. More cost effective
3.2. Freedom to focus on business
3.3. Minimizes the amount of work at end of year
3.4. Having a strategic partner
4. Financial services we provide
4.1. Services we provide
5. Contact us for a free consultation
Outsourced accounting or bookkeeping, also known as virtual accounting, is a service providing full or partial bookkeeping and financial functions for a business that are normally done by the owner or their staff. An outside accounting department handles the day-to-day and monthly tasks that include payroll, posting transactions, accounts payable and accounts receivable.
As your business grows, you will need to decide when it makes good sense to have a company or accounting firm take over the financial functions, saving time that you can spend running your business, and on things that generate profits and increase cash flow.
Small to medium sized businesses should think about outsourcing vs. having another employee on staff. When comparing all the costs incurred in hiring, training, and overseeing accounting staff in-house, the overhead costs of health insurance and other benefits, and providing physical space for them to work, the service fees for outsourcing the work are often cheaper and more economical.
Using the expertise of our team instead of your staff reduces the risk of mistakes and an unreliable process, and reduces your risk of audit or penalty, especially if you have a new business.
Whether you are a sole proprietor or own a start-up or an established business, our accounting firm can handle all your financial and accounting needs, helping you achieve your business goals.
Without the responsibility of overseeing an employee or doing the work yourself, you can work on the overall growth of your company, and focus on other business functions with the peace of mind that comes from having an experienced accounting business taking care of your financial records.
Since our company will be doing your accounting, we will have all your financial records, reports, and financial statements ready for tax preparation, simplifying your tax planning.
When businesses outsource to us, we can help identify strategic areas where expenses may be too high and where taxes may be minimized. Our CPA or tax professional in Boca Raton is available for financial planning and advice to improve your financial bottom line.
You may only need a bookkeeping service or a payroll processing service, so which services your business will need depends on how many employees you have, whether you already have a bookkeeper or tax preparer, and if you are running your own accounting software.
Our staff has years of tax and financial experience and our accounting software is top of the line. We can tailor a plan specifically for your needs from being your dedicated accounting team to providing monthly reconciliation and reports in support of your current staff. You will always have access to your financial records.
If you find that you are spending too much time or money keeping up your bookkeeping, if mistakes are being made, or you want the expertise of using an experienced accounting firm, then outsourced accounting is the perfect solution for your business.
Contact us at 561-237-5264 to schedule a free call to discuss the unique needs of your business and how we can help. Let our accounting team help with your bookkeeping and accounting functions, whether as a one-time service, or on an on-going basis. We are located in Boca Raton, Florida.