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Why Virtual Bookkeepers Cost Less than In-House Bookkeeping Staff

Virtual bookkeepers and part-time financial controllers at can help you with both. Hiring a virtual bookkeeper and part-time financial controller is about 30 to 50% less expensive than hiring an in-house bookkeeper. As far as a financial controller or CFO, most small businesses can’t afford the six figure salary that comes with that position. With a part-time financial controller, you have an accounting expert with a birds-eye view of your business and a trusted adviser when you need him. Your financial controller will help with financial analysis and forecasting on a monthly, quarterly or annual basis, but there’s no need to pay a full-time salary. Pay just for the services you need.

Why Virtual Bookkeepers Cost Less to Use

Outsourced bookkeepers Melbourne do not come to your office, so you don’t have to supply a desk, chair or office space. If you’re reducing staff in the New Year or maybe implementing telecommuting or office-share policies, you’ll save even more money. They also provide bookkeepers and financial controllers with their own computer system running QuickBooks, Sage or another cloud-based bookkeeping software that meets your needs.

If your business is considering virtual bookkeeping and/or financial controller the following should be a part of getting started on the process:

1 – An informational, “getting to know you,” meeting, where the size of your company and your specific bookkeeping and part-time financial controllership needs is discussed, learn more information at http://www.foxsports.com/kansas-city/story/kansas-city-chiefs-release-rb-cj-spiller-ol-jordan-devey-in-bookkeeping-maneuver-090717

2 – An NDA is signed before work begins, guaranteeing the privacy of your financial records and company information

3 – You get started with the best bookkeeping software for your company. If you are already using QuickBooks and want to continue using it, the part-time CPAs and bookkeepers should be trained in this popular accounting software. But there are other scalable, cloud-based accounting programs that might fit your needs even better. Because all software is cloud-based, there will be no expensive hardware upgrades and your IT staff won’t be required to put in extra hours. You’ll just need the latest version of your web browser installed to ensure the security of your financial data.

4 – From there, the accuracy of your financial data will be checked, looking for “red-flag” errors, and make sure everything is up to date. Thereafter, your books will always be accurate and up-to-date. Weekly or monthly financial meetings will provide you with the information you need to steer your company down the right path.

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Your virtual bookkeeper will also cost less than an in-house bookkeeper. Here are just a few ways you’ll save money, time, and headaches through the hiring process and when you bring a virtual bookkeeper on board to help your business. get more details, straight from the source.

You don’t have to pay benefits, unemployment insurance or social security taxes for your virtual bookkeeper. Your virtual bookkeeper manages your daily, weekly, and monthly small business bookkeeping needs. And you can focus on running your business, just the way you should.

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Why Outsourcing Bookkeeping Work Is Better Than Hiring Full-Time In-House Bookkeepers

Accounting firms own fully-equipped offices with furniture, staff, equipment, and everything else. As a result, when they are recruited to perform comprehensive secretarial jobs they use their resources to produce high quality results. Outsourcing bookkeeping duties can help a company avoid bookkeeping mistakes that can cost it a lot of money and time. These can include overlooked receivables, misplaced records, late fees and penalties and so on. These mistakes can easily be made by a new, inexperienced apprentice or employee who may forget to monitor various bookkeeping functions regularly. An accounting firm cannot make the mistakes explained above because it uses highly competent staff and up-to-date computer accounting software tools to perform its duties. read her blog post for additional tips.

Speaking of accounting software, several entrepreneurs are completely unaware of it. They know about computers but not the software programs that can make clerical work effortless and accurate. Outsourcing bookkeeping is a technique that enables these business people to do away with outdated methods of accounting and record-keeping. When choosing the accounting firms that can handle projects accurately and constantly, small-sized business owners should be very careful. While outsourcing bookkeeping is a very cost-effective business management approach, it can mark the beginning of a company downfall as well if the service providers are not trustworthy. Since bookkeepers are allowed to manipulate confidential financial information they have to be very trustworthy and dependable.

Bookkeeping is a fundamental part of any business. It involves the tasks performed by a bookkeeper such as keeping records of daily sales and purchases, writing checks, sending invoices and reconciling bank statements among other things. Small business owners are currently outsourcing bookkeeping. In other words, these entrepreneurs are allocating work to part-time bookkeepers more willingly than doing it themselves. Part-time professionals usually receive instructions from accounting firms they work for. These firms are extremely many in the U.S and they contribute highly to the growth of small enterprises every year.

There is no doubt that the economic recession that the entire world has suffered in the recent years has weakened the financial strengths of many organizations. Outsourcing bookkeeping is one of the several techniques that different organizations are applying to survive the negative impacts of economic crisis. By outsourcing bookkeeping, a small organization can avoid incurring the high costs of hiring a full-time bookkeeper. A full-time, in-house professional is a costly liability to a small-scale company that is looking to succeed in a competitive environment. The fact that an in-house clerk is employed full-time gives him or her right to receive salary during a leave, vacation or absence due to illness or personal problems.

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Besides, a full-time worker needs office space and equipment that must be provided by the employer. Businesses that are outsourcing bookkeeping work from bookkeepers anywhere in the U.S are avoiding the additional costs of hiring an in-house clerk. Many outsourced accounting firms use a team of Certified Public Accountants comprised of auditors, bookkeepers, Information Technology experts, accountants, financial consultants and other professionals. This is beneficial to the small-scale organizations that want to delegate various accounting tasks without spending a lot of money. In addition, small-sized companies require creative and innovative solutions that can only be offered by an accounting firm’s team of professionals.

Outsourcing bookkeeping services & outsourcing accounting services at amazingly low rates for small business from the #1 selling online accounting & bookkeeping services firm like www.bookkeeperco.com.au.