Many organizations and businesses spend a lot of time interviewing, hiring and training a bookkeeper or accountant to handle the accounting functions. This is time that could be better spent on the core competencies and business initiatives like building customer relationships. Outsourcing your financial recording and reporting needs will free up this valuable time. And you will only pay for the time you need.
A major advantage to outsourcing your accounting needs is savings. Save time, money and stress when you outsource. A recent survey of Fortune 500 companies indicated that a full 35% outsource some or all of their accounting work. While maintaining control over the processes, the detail and analysis is handled by qualified professionals that result in better reporting and understanding of financial information.
Consider these points to outsourcing:
Harvard Business Review has identified outsourcing as one of the most important management ideas and practices of the past 75 years. Spending by U.S. organizations on outsourced business services will triple from $100 billion to $318 billion. Studies indicate that outsourcing is increasingly viewed positively by executives and top management alike, at both US and multinational companies.
Areas in which we currently provide outsourced accounting support:
Accounts Payable - enter bills Accounts Receivable - enter customer invoices Journal entries Check writing Bank Reconciliation Payroll Processing (complete) Account Analysis Inventory Analysis Growth analysis Historical data analysis Monthly Reports Manage accounting software
Additional Services For Non Profit Organizations:
Dues Billing Conference and event registration and invoicing Membership analysis Budget Preparation and analysis Monthly budget reports Executive Director Support Grant opportunities & support Investment analysis