![]() ![]() Outsourced bookkeeping is becoming more popular as a business strategy, especially among small and medium-sized businesses. You may also want to consider hiring an outsider so they aren’t as connected with your business or know as much about its operations-and can therefore do their job more objectively. If there’s no one on staff with bookkeeping experience, it might make sense for your company to hire someone specializing in this area. If you don’t have time to do the bookkeeping yourself or don’t have an accounting background, outsourcing can help save you time and money while ensuring the financials are accurate. Outsourced bookkeeping is an option if you want to outsource your books and you have a small business. Does Outsourcing Your Books Make Sense for Your Business? Outsourced bookkeepers can be hired on a contract basis or as full-time staff members. In addition to saving time and money by not hiring full-time employees, an outsourced bookkeeper can provide additional value by offering specialized expertise (for example, QuickBooks) and providing reports directly into tax software. ![]() For example, if you’re an accountant who needs to focus on growing your practice, it makes sense that you might consider outsourcing your bookkeeping services to spend more time on client work. Outsourced bookkeeping is when a company hires an external individual or firm to handle its bookkeeping-recording the financial transactions of a business and preparing financial statements, such as balance sheets and profit and loss statements. But not all bookkeeping firms are created equal! So how do you know if outsourcing your books is right for your business? What services does outsourced bookkeeping actually include? How much does a bookkeeping service cost? Can you get away with just using bookkeeping software alone? Read on to learn everything you need to know about outsourced bookkeeping services and whether or not it’s worth doing for your company. There are plenty of reasons for this, as well as many benefits. Access data securely – You can generate reports that provide an accurate picture of income and expenses with the click of a button.Many businesses outsource their bookkeeping to third-party companies.Make payments – Accounts payable features enables QuickBooks to track your bills and their due dates, helping you manage expenses and cash flow.Create and track invoices – QuickBooks makes it easy to maintain an accurate picture of your accounts receivables, helping you to stay on top of past-due invoices.Track sales and expenses – Transactions are properly classified for tax purposes in the appropriate general ledger accounts.QuickBooks is also versatile, giving you the ability to: It also integrates with Microsoft Excel and other programs, making it easy to import data. Its intuitive design is easy to understand – even for people without an accounting or financial background. QuickBooks is the accounting and payroll software preferred by small- and medium-sized businesses. This allows you to analyze reports, print checks and deposit slips and review your file from wherever you are – even as we make updates. Your monthly fee includes single-user QuickBooks access through our secure server. We’ll enter your transactions into QuickBooks and reconcile your accounts, which includes reviewing the deposits and payments on your bank statement to ensure your records agree with your bank records.You’ll scan, fax or mail your invoices, deposit slips, expense receipts and bills to us. ![]() When you outsource with On Target, the process is simple: Outsourced bookkeeping is an especially good option for businesses that need help with their financial recordkeeping but not the services of a full-time bookkeeper. ![]() Working with us can free up your staff’s time for other responsibilities while also adding new levels of financial reporting that keeps you on top of customer payments and cash flow. Our clients gain more than peace of mind when they outsource their bookkeeping and accounting to us – they also see improvement in their efficiency and profitability. Outsource your bookkeeping to On Target and you’ll rest easy knowing that your financials are accurate and up-to-date ![]()
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