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Outsourcing Small Business Bookkeeping - Your Business' Life Saver

Outsourcing Small Business Bookkeeping - Your Business' Life Saver    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-27)

Managing today's businesses has been remarkably different. Everything, including in the business world, now happens in a wink of an eye or simply, with the click of the mouse. Outsourcing is a common thing in the business environment nowadays. It has now become a trend even of small businesses.

How Do You Make Outsourcing Work for You?
- Evaluate your expertise. Focus on what you do best and outsource the rest. Outsourcing small business bookkeeping is more cost-effective to have someone who would do the work for you, outside of the company. This gives you more time look after the activities that also need time and concentration.
- Be a supervisor. Not because you have entrusted a part of the business's activities to somebody else, you leave them everything. It is important that you still keep a watchful eye on the quality and timeliness of the outsourced functions. A regular accountability and reporting should be considered for a guaranteed and effective service.
What Should You Outsource?
Ideally, outsourcing bookkeeping functions work for small businesses. Because the bulk of transaction is minimal, you tend to move fixed costs to variable costs through outsourcing your financial transactions. It is like hiring a part-time worker for your company, at times that you need them. Instead of paying for a fixed overhead cost for salaries and wages, with outsourcing small business bookkeeping, you either pay an hourly rate, or a one-time fee as the service is required.
It is the best solution to the entrepreneur's myriad of concerns. Instead of struggling with the tremendous paper works of bookkeeping, the work becomes trouble-free and simple.
Advantages of Outsourcing Bookkeeping
It is equally effective to outsource the bookkeeping function than to have one permanently in the office. No more worries of high costs charged by bookkeepers as well as costs for software installation, and those associated with upgrading the program. With outsource small business bookkeeping, your data is secure and leaves you no worry of providing a back-up data.
Being a small business that is, running and sorting your accounts becomes an unwanted task. As business owner and manager, you would want to focus on other equally important tasks, and that is running the entire business. Through outsourcing small business bookkeeping, entrepreneur's efforts are more focused on the non-core functions of leading the business into the more profitable and more productive way.
By outsourcing small business bookkeeping, you let the experts do the dirty work for your business and choose between the risk versus the reward, time spent versus the peace of mind and confidence versus the imprecision. It is relevant that even for small businesses, financial data is well taken-cared of, because the business relies on this set of information for future decision-making process. The business is at stake here. Be a smart entrepreneur and make the switch, for outsourcing small business bookkeeping is your business's life saver.

Outsource Accounting is the Best Solution For You

Outsource Accounting is the Best Solution For You    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-27)

Outsource accounting has become the trend in the business world as more and more companies have regarded it as a valuable tool in management. It has been given top priority when it comes to business development.

Business owners are better yet balancing their time efficiently on business management rather than balancing their books of accounts. Time is better spent on supervising the business and its growth moving towards achieving company objectives.
Outsource accounting means handing over your accounting to the experts. Instead of supervising additional employees on an accounting department, it allows you to deal with experts and professionals who will be able to assist you immediately. Contracting the entire accounting service that is required by your company means you save on these:
- Medicare and social security taxes
- Leave benefits
- Compensation insurance
- Incentives on health insurance and retirement plans
- Accounting software
- Training costs, and
- Costs for office supplies and equipment.

Advantages in outsource accounting strategically would result to a more efficient performance and profitability for the company. On a more specific note, it means reduced overhead expenses as related to employment, accessibility to experts in multiple fields and experience, better cost efficiency and an access to technology advancement and flexibility. With these, better focus and concentration is diverted to business growth.
Outsource accounting may be done in-house or remotely. Evaluation on the bulk of your financial transactions and needs would first be done after which, the assessment on the least cost method to contract these service will be made. With outsource accounting, the primary objective is to be accessible and receptive to the businesses' needs and to provide financial data relevant to critical decision making readily available.
Through it, they know how and when to get the job done. Whether the services will be for a short term that is specifically for special projects, or on a long-term basis; that means it will be an ongoing service. It is really designed to be helpful in solving your accounting issues. Varied skills and experience are available adeptly when outsourcing your accounting service.
Today, outsource accounting has truly been working for businesses, as entrepreneurs see the benefits in outsourcing financial and accounting services. The motive behind is that it decreases overhead expense and focus is dealt on the core business. As financial accounting should never be overlooked, so does outsource accounting, as it would mean an overwhelming business growth. To enable the clientele to manage and develop the business efficiently and effectively, relief from the consuming financial data organization and record keeping tasks should be considered. The answer is definitely outsourcing accounting.
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Outsourcing Small Business Bookkeeping - Beyond the Conventional Way of Doing Business

Outsourcing Small Business Bookkeeping - Beyond the Conventional Way of Doing Business    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-27)

In the modern business, it is important that you as a business owner think out of the box. You must think out of the traditional and conventional way of doing business. This is especially true if you want to have high savings while at the same time get quality results. This is actually true even when you want to delegate the bookkeeping task. Outsourcing small business bookkeeping will help you here.

If you are a business owner who has a background in accounting, bookkeeping is actually an easy task for you. You might think that it is not necessary for you to look for other people or means who will work or manage your business's books. Sometimes, you think that it is enough that you are working on the bookkeeping task to save on the bookkeeping rates. However, with this kind of thinking, you are actually missing out the whole point of saving. You think that you can save if you will not get bookkeepers. However, you are actually jeopardizing revenue generation because you are focused on keeping the books rather than on sales promotion.
Indeed, in the latest trend of doing business, there is little chance of doing conventional choices especially if you are faced with high competition in your industry. With regards to bookkeeping, most owners are already considering outsourcing small business bookkeeping. This is does not mean that you have to immediately follow foot just to keep up with the competition although this is also a good reason to do so. What outsourcing small business bookkeeping does is to provide small business owners like you, more benefits than you would with traditional way of doing business. Again if you are doing the bookkeeping, there are things that you are missing out in terms of sales generation. If you are not familiar with bookkeeping at all, it would be all the more important that you consider outsourcing small business bookkeeping. Anyhow, whether you are a bookkeeper or you are merely a business-minded person and is considering hiring someone to take the bookkeeping task, you should know the benefits of outsourcing small business bookkeeping. Here are the benefits that you should take note of:
- Outsourcing small business bookkeeping can help you focus on sales rather than in checking your books. Instead of you doing the task of bookkeeping, the outsourcing company will provide you the data. They would be the one to book keep. They usually do this in real time so that when you need the data for decision-making process, it will be readily available.
- It is cost effective. Instead of hiring in-house employees to do the task, you will have to simply pay for the services of the company outsourcing small business bookkeeping. This means that you will not be obliged to give those benefits and incentive as you would with a regular employee. It will also save you from overhead expenses since you would not need tables, chairs, filing cabinets, and the like for that single or two employees who will do the bookkeeping.
Now that you know these two major benefits in the services of companies outsourcing small business bookkeeping, you will surely go with the latest trend. You will stop the conventional ways of bookkeeping and find the most efficient and cost effective way.

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Bookkeeping Rate - The Cost of Hiring a Freelance Bookkeeper

Bookkeeping Rate - The Cost of Hiring a Freelance Bookkeeper    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-27)

There are many concerns and aspects about the business that you need to look into. The most important thing is for you to generate profit. This means more promotion or more rapport with the customers. However, you can't deny the fact that bookkeeping is also important. But since you only have one body, you need to delegate the tasks. When you delegate the task for bookkeeping, your options are to hire an in-house bookkeeper, employ a freelance bookkeeper, or outsource the bookkeeping duties.

Getting a bookkeeper for your flourishing business is not a task that comes easy. This is because you would not only have to deal with getting someone who can perform the tasks that you need to be done like keeping your accounting books well-maintained. You must also take note of the bookkeeping rate that you would need to add on to your business expense. Presently, the range for this rate runs from $15 to more than a hundred for every hour. As such, when it comes to getting a freelance bookkeeper, you should always have a number of considerations in mind, as these could also greatly affect the bookkeeping rate that you need to pay.
Bookkeeping Rate Considerations in Hiring a Freelance Bookkeeper
Here are some of these considerations that you should look into before getting a freelance bookkeeper:
- A bookkeeper who has attained a degree in accounting come with a bookkeeping rate that is higher.
Although it is not imperative for a bookkeeper to have an accounting degree, those who have would be better off than those who do not. Because they already have a background on the matter, they understand basic business concepts like taxation, payroll and cash flow better. As such, their training would not be as extensive as those that would have to be done to those who do not have a grasp of the basics of businesses. So, if you are looking to pay a bookkeeping rate that is cheaper, then it is best that you hire a newly-graduated freelance bookkeeper who is just new to the field.
- The level of experience a bookkeeper holds is also a great determinant when it comes to his bookkeeping rate.
If a bookkeeper already has a wide experience in the field of accounting, then even if he has not attained a degree, he would still fetch a higher bookkeeping rate than others. This is because he would already have the needed knowledge when it comes to handling such business needs like creating financial statements, recording and organizing invoices, processing business papers and developing a payroll. Although this kind of bookkeeper would not come cheap, the cost of training them has been put to a minimum. So, if you want an experienced bookkeeper, then you would also have to be wise in judging if his experience measures up to his bookkeeping rate. If you are not all that convinced, then you could ask for more credentials or references to back up his said experience.
- A bookkeeper who is always updated on bookkeeping rules fetches a higher bookkeeping rate.
Change is always constant and this is the same when it comes to particular bookkeeping rules. So, if there is a bookkeeper who keeps himself abreast of these changes, then he is a definitely a good one. The modifications that this bookkeeper will have updated himself with will be reflected on his work. As such, it is best that you interview a bookkeeper stringently before hiring him. You could ask him questions about the changes that have already occurred in the bookkeeping world and his insights about them. This way, you will know if he has been keeping tabs on these changes or not.
- The bookkeeping rate should be commensurate with the tasks you will be giving a bookkeeper and his capacity to do them.
If a bookkeeper does an excellent job in keeping up with all the accounting tasks that you ask him to do, then he should be accorded with a higher bookkeeping rate. However, if you only need a bookkeeper who would only have to concentrate on particular aspects in your business like handling the invoicing or the payroll, then you could look for someone who fetches a bookkeeping rate that is much lower.

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Small Business Bookkeeping to Boost the Business

Small Business Bookkeeping to Boost the Business    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-27)

Small business bookkeeping is a daunting task for business owners. It is not the reason why they started a business in the first place. While it is not the most exciting aspect of starting a business, it is an integral part of any business operation. But if the business' records are properly organized, it ought to be easy and simple.

Importance of Having Orderly Records
Having properly organized financial records for small business bookkeeping may be instrumental in leading the business to success. These are some of the reasons why.
- Financial statements are easily prepared
- A business's financial situation can easily be assessed
- Internal control is attained
- Ease of measuring the business' actual performance against company projections and goals
- Problems or weaknesses, challenges, and opportunities are immediately recognized as they come up
- Closely monitor business operations, including the employee's performance
- Make more informed and reasonable business decisions
- Instant access to pertinent financial information and reports
- Save time, money and effort on overhead costs
- Easily comply with financial and tax rules and regulations
Small business bookkeeping is fundamental bookkeeping. It is recording of the usual transactions, how much you owe from your creditors, and how much is owed to you. Record keeping of equipment and inventory is also maintained. Basically, small business bookkeeping encompasses recording of the accounts payable and accounts receivable; preparation of financial statements, income statement, balance sheet, and cash flow statement and bank reconciliation statement, too.
Importance
It is essential for the following reasons:
- Small business bookkeeping traces the business's money, its inflow and outflow,
- Recording of the day-to-day transactions are essential in the assessment of the business' daily, weekly and monthly accomplishment.
- Performance of the business is shown on the reports. Hence, it is one of the gauges whether or not the business is achieving its objectives, projections and goals. It is the yardstick of how well your business has performed and will tell you where your business is headed to.
Costs
Costs are at a range depending on the business' needs. Some may charge a fixed monthly rate for the basic services. But as the bulk of work increases in volume, as transactions expand, reports are needed more often, the rate also escalates. In other cases, accountants charge an hourly rate initially until they are able to assess the business and amount of time to get the work done wherein they will now post a long-term fixed rate. Other factors that affect the cost of small business bookkeeping are geographic location, size of the business and the skill and experience of the accountant.
For most entrepreneurs, small business bookkeeping is a task that is endured to stay longer in the industry. It is greatly advantageous in making the business become profitable and successful. For businesses that have emerged new in the industry, getting the services of small business bookkeeping is greatly advantageous so that concentration is more focused on boosting the business.

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Online Bookkeeping Services - Increase your Small Business

Online Bookkeeping Services - Increase your Small Business   by Online Bookkeeping Services

in Finance / Accounting    (submitted 2010-02-26)

Bookkeeping is the procedures of maintaining financial transaction records. Whether or not the business is a huge corporation, it will definitely fail if financial transactions are not recorded and if those records are not maintained correctly. Most people may assume that bookkeeping is an easy task. However, any business owner would agree that it is so much more complex than it seems and that records should be handled properly or else they possibility failure. It is significant for all businesses to maintain a record of all its income and spending and make sure that they are frequently updated. These records will be crucial for correctly maintaining the bookkeeping of businesses.

Any business owner who has tried maintaining his own bookkeeping will agree that it is a very monotonous task that can receive a lot of time which could have otherwise been used to handle the rest of the business' daily operations. Though, it is a compulsory undertaking not only for legal purposes but it also serve up as a orientation for business owners who should be making vital decisions based on the business' accurate financial standing. For this reason, well-maintained bookkeeping becomes greatly more essential. For the reason that entrepreneurs necessitate to focus on other business operations, many prefer hiring others that provide bookkeeping services and leave the task of maintaining records to the professionals.

Most businesses nowadays desire outsourcing bookkeeping services for the reason that of the advantages it offers. Small businesses can simply preserve their own financial records through different types of currently existing software with the help of a remote bookkeeper. Medium and large businesses may also desire to use outsourced bookkeeping services by choosing the most suitable outsourcing provider among those available in the marketplace.

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Accounting services is a crucial part of every business

Accounting services is a crucial part of every business   by Hi-Tech Accounting Services

in Finance / Accounting    (submitted 2010-02-27)

Accounting is an important part for every business each and every business require day to day financial transaction records for the reason that accounting is helpful to keeping all the financial transaction records. When are you preferred online accounting services so you get better result with your any type of business. On behalf of small businesses owners, accounting services is frequently the last thing that they will want to get their hands on. This is as they consider that majority of the time and try should be spent on sales and operations rather than on accounting.

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Benefits of Online Bookkeeping Services with Bookkeeping Company

Benefits of Online Bookkeeping Services with Bookkeeping Company   by Hi-Tech Bookkeeping Services

in Finance / Accounting    (submitted 2010-02-24)

Bookkeeping are several of the most intimidating and time-consuming procedure in the business world and the importance of these terms extensively very important. It actually gets complex to maintain bookkeeping as well as accounting beside with managing the generally office or business so it's superior for you to take the bookkeeping or accounting services from a well recognized company. With the beginning of Internet technology, accounting and bookkeeping has been essentially easier and low-costing in the form of online bookkeeping and accounting services. At present, there are several online accounting and bookkeeping services queued up to take care of your accounts and books.

Here are several most important reimbursements of the online bookkeeping services. The major benefit is that these online services are a reduced amount of exclusive as compared to the other services. If you doing your bookkeeping services with any individual or any software then the probability of errors get higher but when you hire a professional company and take online bookkeeping services then you can you're your further expenditure fabulous on individuals.

Also the largest benefit is that these online services update your business financial transaction record and new data and summarize this data from the external and un-authorized access. Online services update each and every transaction with in no time and save you from the complexity of data lost, you can see your data online at whatever time you desire.

While using the online bookkeeping services by a well-organized company you will be proficient to handle the other business work smoothly. This is the biggest advantage of the online services that as a business proprietor you can focus more on some other business issues because these services save your time.

So, these are the most important benefits of the online bookkeeping services for your business. Hope so these advantages will guide you in a right direction.

Online Accountant - The Best Move to Stay Ahead of the Competition

Online Accountant - The Best Move to Stay Ahead of the Competition    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-24)

There are work requirements needed in each and every business that have no direct relation to its revenue contribution. Among these requirements are the accounting tasks, which many businesses may regard as administrative work, but are not part of the core aspects of the business. Because of this, there are now a great number of business owners who have turned to getting outsource accounting services, most of which are from firms or freelancers.

However, since outsource accounting has also increased in popularity, there has been an evolution seen on the procurement of such types of outsource services. Now, business owners are seeking of more efficient and cost-effective ways for their accounting tasks to be done. As such, there are many of them now that have become conscious of the benefits and other values that come with getting an online accountant. There is no need to worry on hidden costs which are being given to traditional accountant and all the rests of the costs associated with accounting, including software installation, constant upgrading of programs and backups.
What Is an Online Accountant?
So what is really special about getting an online accountant? For one, he is responsible for delivering organized reports and records of a companies finances through a technology based on the Internet. Through using this service, which is actually also a form of outsource service, business owners and their staff can already make use of their time, spent on doing accounting tasks before, on other more important functions. They would already be able to concentrate more on providing better services or products to their clients as well as see to the other demands that these clients might ask of them. In getting an online accountant, there would be more efficiency in the business flow, thus resulting in staying ahead of the competition.
Benefits
There are other benefits to getting an online accountant as well. Aside from providing more time and an increased efficiency to the work staff and the business owners, an outsourced accountant can also be a means towards the reduction or the saving of business expenses. This is because getting an online accountant could spare a business owner from the cost of having to employ an in-house and full-time employee to do his job. More savings can also be gained through this online accountant because all of the transactions between him and the company that has hired his services will be done through the Internet. There will also be less paperwork to contend with because all of the records of the companies finances can be accessed only through a secure server.
Getting an online accountant also guarantees that all the crucial financial tasks needed to be done in your business are done by an expert that is using first-rate accounting technology. As this technology allows access to the server where the financial records are kept to anyone that has been given the permission, business owners and all the other employees entrusted to view these records could do so at the same time, whenever and wherever they want to.
So if you want your business to project an image of organization and efficiency, then getting an online accountant is the best hiring move for you. This way, you will not only get more customers to be attracted in availing of your products or services, but also get potential investors to come streaming through your doors as well.

Online Accountant - Why Hire an Expert Accountant Online?

Online Accountant - Why Hire an Expert Accountant Online?   by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-24)

An online accountant is definitely the solution to each business' day-to-day accounting concerns. They are especially helpful for start up businesses or small businesses who are struggling with overwhelming paperwork. Complicated work becomes simple and ordinary. Online accounting refers to doing accounting processes via the web, which also means easy access to anyone. Having an online accountant for one's business is as efficient as having one in the office. This will help businesses focus more on other activities of the company. There is no need to worry on hidden costs which are being given to traditional accountant and all the rests of the costs associated with accounting, including software installation, constant upgrading of programs and backups.

Online accountants are fully equipped with the required expertise and are efficient and reliable. Time is valuable, and a waste of time would mean a waste of money. But you can trust an online accountant as having them will never disappoint you. You can trust your accounts with them without having to worry that it might be misused or land up in wrong hands.
No Boundaries
Wherever you are in the world, whatever business you may be engaged in, an online accountant is within reach twenty-four hours a day. Queries and problems that may come up anytime can be dealt with just in an instant. Having one is not limited to small, middle or large businesses alone. Even self-employed and working individuals can get their services. You do not need to step out of your office or your workplace to enjoy their services. The World Wide Web offers numerous online accounting services to people coming from all walks of life. Each of them gives their own proficiency in the area. All you need is choose the one who you think satisfies your needs.
Be Worry-free
Being busy to have the time to run and sort your accounts would no longer be a problem. Online accountants are the assistants you wish you would have, of course, minus the cost. If you want to relax a bit and reserve your worries to other equally important matters, then all you have to do is send all your accounts through the Internet or even via post, and voila, you can now free yourself from worries regarding all the intricate procedures in accounting. You save time, and you save money as well.
Services offered by Online Accountants
Online accountants do not only run business or personal accounts, but they can also extend to working on your budgeting and cash flow requirements. Among the various services they can give are:
* Preparation of debtors and creditors list
* Tax preparation
* Advice on budget preparation
* Lists and sorts expenses on a weekly basis
* Facilitates registration of businesses
* Prepares a timetable on payables

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Outsource QuickBooks - Keeping Up With Modern Day Business Trends

Outsource QuickBooks - Keeping Up With Modern Day Business Trends    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-24)

Bookkeeping is an important aspect in a business. It monitors the flow of funds, assets and liabilities, and other relevant financial data. It provides a picture of whether everything in the business is doing well or not. Because it is important, a business owner needs to give attention to this aspect. Outsource QuickBooks will be the best way to handle those aspects in an easy way.

In the traditional way of bookkeeping, there were lots of flaws and imperfections that most of the time affected the business operation as a whole. This is because the traditional way of bookkeeping relied on a bookkeeper to do the manual task of keeping the books in hard copies. The flaws with the old way of bookkeeping (that is employing bookkeepers to do manual tasks) are:
* has the tendency to make mistakes
* may have the tendency to delay reports necessary for business decisions
* spend considerable amount for cost of hiring and employing
* spend considerable amount of overhead costs for benefits, incentives, tables, chairs, office space, and the like
Before the technology was only used for the accounting systems employed. In the modern times however, this has been challenged with the advent of the Internet. The Internet has opened a wide opportunity of bookkeeping in an easy and cost effective manner. Those who are more advanced in terms of technology were way ahead in competition.
Business in the Modern Times
With regards to bookkeeping, the advancement is seen in the aspect of outsource QuickBooks. Those who employed this strategy in dealing with their books are ways advanced in the competition. This is because the outsource quickbooks has challenged a lot of aspects in the business, which made the business more competitive and more cost effective. The following are some advantages this advancement has brought about:
* The outsource quickbooks enables the business owner to focus on the sales and customer service rather than in ensuring that the accounting concerns are intact.
* The outsource quickbooks provides real-time, accurate, and reliable financial data to business owners. This means that the financial data available became an important up-to-date tool for decision-making process. Business owners who employed outsource quickbooks has an advantage because the data are readily available compared to those who needs to wait on the report from bookkeepers who do the task of bookkeeping manually.
* Doing outsource quickbooks is actually cost effective. Business owners need not set aside budget for hiring and training employees for bookkeeping. In the same way, the overhead cost is minimized because there is no need to buy tables and chairs and other similar office equipment or provide office space for the employee. Benefits and incentives for employees are also reduced.
* Outsource quickbooks are also automated. This means that there is little chance of mistakes. Also, because it is automated, the works become impersonal for companies who do the outsourcing.
There are plenty of companies who do outsource quickbooks. Since this is already available in the modern times, it is best to utilize these if you as a business owner want to be competitive in your industry. You will save considerable amount plus you will also get quality services from the outsourcing company.

Online Bookkeeper - Hire Expert Bookkeepers Now

Online Bookkeeper - Hire Expert Bookkeepers Now   by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-24)

For small- and middle-sized businesses, opting for an online bookkeeper proves to be cost efficient than having an in-house traditional bookkeeper. You save on salary, taxes, medical benefits and other fringe benefits that are due to every employee. Apart from this, having an online bookkeeper saves you worries on vacation leaves and sick leaves, which at times tend to hamper work.

You also save on screening, examination and training fees for new employees. Further, you do not have that fear of having to be caught in a situation without a bookkeeper, too. If you compare the cost incurred in having online bookkeeper rather than an on site, you will realize how much savings your company will get. Because of the availability of Internet, plus its speed, having in-house bookkeeper is no longer practical.
The Guarantees
There is a guaranty of accurate financial report and information because we have well-trained bookkeepers and they have been chosen based on their skill and experience. Each online bookkeeper gives a high regard to integrity. The accounting work is done with great sensitivity. A timely report is assured, which will help greatly to a growing business.
All online bookkeepers are being supervised by highly professional accountants. The accountant of your business will appreciate on the output of an online bookkeeper because it would mean that tax preparation will be easier for them to do. If you have any concern or problem, your bookkeeper can readily be contacted.
The Services
An online bookkeeper is available in all the fifty states of the United States. A fully secured system is guaranteed which makes all financial information submitted confidential and safe.
- Accounts Receivable and Sales. Since you know who your customers are and how much and how many were sold, all you have to do is to prepare the invoices, and the online bookkeeper takes it from there.
- Accounts Payable and Expenses. After reviewing the bills and making sure that everything is intact, send it to us.
- Invoice Preparation. Invoices could either be prepared by us or you may also organize them yourself. Either way, our online bookkeeper can do the printing and mailing the invoices and statements for you. A schedule of how and when they are to be transmitted will be your decision.
- Payroll Account. The moment we have your payroll information, your employees will get paid with no delay at all. It is very convenient. Aside from this, you no longer have to worry on tax deposits and in the filing of tax returns for it will also be taken care of.
- Bank Reconciliations. The moment bank statement arrives; it will be reconciled to your books right away. In this way, you will get an update of the business' cash balance in a regular basis.
- Financial Statement. This is the window to how well your business is doing. You learn to understand well on the business transactions just by looking at the Financial Statement. Each month, the online bookkeeper prepares this to give you an accurate financial description on where your company is going.

Bookkeeping Rate - Are You Paying Enough?

Bookkeeping Rate - Are You Paying Enough?    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-24)

No matter how much you know about making financial statements or bookkeeping, you still need to have bookkeepers especially if your business is progressing. Owning a business is not a simple thing to do. There are many concerns and aspects about the business that you need to look into. The most important thing is for you to generate profit. This means more promotion or more rapport with the customers. However, you can not deny the fact that bookkeeping is also important. But since you only have one body, you need to delegate the tasks. When you delegate the task for bookkeeping, your options are to hire an in-house bookkeeper, employ a freelance bookkeeper, or outsource the bookkeeping duties.

Usually, when you are faced with these options the first thing that comes in mind is the bookkeeping rate. Each option has a different bookkeeping rate. As a businessman, you would think of how much to save in bookkeeping rate since anyway this is only a secondary concern compared to generating sales. But since its important to delegate the task you need to know as much as possible how much should you be spending on this.
Evaluating the Bookkeeping Rate
Usually a bookkeeper rate for a freelance bookkeeper can range from $15 to a $100 per hour. In the same way, the bookkeeper that you hire in-house would also have another rate plus all other benefits that you need to give. The outsourcing bookkeeper also have different bookkeeping rate depending on how much workload is assigned to him.
While it is important to know the bookkeeping rate so you can evaluate how much to save, it should go with the quality of service the bookkeeper provides you. The saying "you pay what you get" holds true even in bookkeeping. This means that if you want quality service, you need to decide if the cost of the bookkeeping is worth it. In the same way that if you pay for a low rate, you might just be dealing with somebody who has no professional experience with regards to bookkeeping. For instance, the freelance bookkeeper may ask for the lowest cost, but you may be at risk of non-confidentiality or perhaps the use of an outdated bookkeeping system that may be hard for you to relate with your modern business setting.
The Rate Comes with the Service (Not the Other Way Around)
So in reality the bookkeeping rate becomes secondary concern when you want to work with a dependable and trustworthy bookkeeper who employs the latest technology and who has the expertise in bookkeeping. In which case, you may be left with the option of outsourcing the task to companies who offer bookkeeping services. When you outsource your bookkeeping tasks, you will not only get away with the worry of bookkeeping rate with an in-house employee or the outdated practices of a freelance bookkeeper, you also get the accurate accounting information that is very important for your business's decision making. It is then important not to just look at the rate when searching for a person with whom you can delegate the accounting task of your business. It is also equally important that you get quality service from the most reliable person handling the most confidential document in your business. And again, it usually goes with the price.

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Outsourcing Bookkeeping - An Effective Way to Increase Profitability

Outsourcing Bookkeeping - An Effective Way to Increase Profitability    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-24)

Bookkeeping outsourcing for your business may at first seem awkward. Handing over your financial data to outside sources is quite uncomfortable knowing that this information is essential to your business. But looking at the brighter side, these service providers are actually helping out your business. How? Bookkeeping outsourcing trims down your real-time costs by almost 50% from the cost of employing an in-house bookkeeper.

Why Choose to Outsource Bookkeeping?
The reason you chose to have a business is definitely not to consume your time doing the bookkeeping functions. But without it, you are at a loss. You cannot run your business efficiently and effectively. By outsourcing bookkeeping, you free yourself from this task and you divert your attention to managing your business. You cut overhead costs by as much as 50%.
Bookkeeping outsourcing, likewise, ensures that financial reports are accurate so that top decision makers are not misled into making the wrong decisions and put your business at stake. Bookkeepers are highly trained and supervised and are backed with support systems and tools that make their work error-free.
How Is It Done?
There are two options available:
- Server Based Bookkeeping Outsourcing. You just send your financial source documents. You may either fax them or upload them to the server. The service provider then updates your book of accounts, you choose which software to use, whether it is QuickBooks, Quicken, Peachtree, Creative Solutions, or MyOB. You get the updated books which is stored in a 128-bit encrypted server which you may download.
- Remote Desktop Based Bookkeeping Outsourcing. This option follows similar steps. You first send through fax financial data or by uploading them to the outsourcing companies' server. Their bookkeeper would now connect to your computer through internet securely via a remote desktop access service such as Secure VPN or GoToMyPC.com and voila you have an updated book of accounts the next day.
How Secure Would My Data Be with Bookkeeping Outsourcing?
If security of data is a top concern for most businesses, financial data is protected. They are transferred through the internet with the use of 128-bit encryption of Secured Socket layer and is then stored in a secure server. It cannot easily be accessed by anyone except the authorized bookkeeper in the bookkeeping outsourcing service provider and with the use of biometric scanners. Significant data security is therefore attained and breach of private information is taken care of.
The real purpose of bookkeeping outsourcing is only achieved when all the services required by the client are provided by the service provider. Some would only provide you with the basic bookkeeping functions, while others extend a little bit further by providing you more accounting services to the extent of preparing financial reports for further decision-making. This allows you to control your business by being able to come up with a considerable decision. Bookkeeping outsourcing is definitely a good choice to make.

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Accountant Services are Completely Indispensable Today

Accountant Services are Completely Indispensable Today    by jacksmith

in Finance / Accounting    (submitted 2010-02-22)

The progress of an organization as well as the manner in which it would carve a niche for itself in its industry as well as in overall business environment depends a lot on the financial health of the company. Howsoever strong, older, or in fact well groomed an organization might be, it is really important that the finances of the organization are well managed and there is a strong control on the finances of the company by the able as well as responsible hands. Accountant services are exactly what decide the standing of the company in the market. It is really important that the firm or the individual that is taking care of the finances of the company is not only efficient in its work but also has an honest and a lucid approach towards its work.
It is really important that the people who are handling the accounts of the organization, no matter to what rung of ladder they belong to are able to handle situations that sometimes could be complex and sometimes could be fluid. The accountant services encloses in itself a whole range of activities like maintaining the records of the company, analyzing these records, maintaining the daily reports of the expenses of the company as well as earnings that the company is making.
The accounting services also entail in it the operations like keeping a record on the profits as well as the losses of the company, maintaining information about the resources that the company is spending on, and the exact information on the finances that the company is spending upon those resources. The accountant services also includes in determining the projects that are proving to be detrimental to the company as well as the projects that can really bring good results to the company.
The lucid financial picture that the accounting services department provides to the management goes a long way in determining the future growth of the company.

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3 Benefits of Financial Clarity

3 Benefits of Financial Clarity   by Kenneth A Kaufman

in Finance / Accounting    (submitted 2010-02-22)

INTRODUCTION
Clarity in business has to do with three things - the past, the present, and the future. Where we've been, where we find ourselves today, and where we are going - our final destination. Like a three-legged stool, removing any one of these elements would damage our ability to see the whole picture of our business. When we achieve this clarity, here are the three main benefits we receive:
BENEFIT 1 - MINIMIZE ANXIETY
Anxiety in a business is usually associated with fear, worry, and uneasiness about potentially undesirable outcomes. For example, a business that is nine months behind with its financial statements may generate some anxiety in those who are running that business. They might know what the balance in their bank account is today, but they have no idea if they are actually profitable and if they can sustain the business in the future.
I was recently introduced to a business experiencing financial difficulties. It did not surprise me to learn that they had not received accurate or timely financial statements in years. They lacked any way to measure their performance historically other than the cash in their bank account, which is often a false indicator of how the business is doing. They lacked a way to measure their current productivity and success, and they had no clarity on where they were going and how they intended to get there. Anxiety in this business was high. It was not until they gained clarity in their past, present, and future that they could create a plan to turn their business around and return to profitability. Not coincidentally, this clarity, even though it painted a very grim picture, reduced everyone's anxiety and reinvigorated the entire company as they worked together to save the business.
BENEFIT 2 - IMPROVE TACTICAL DECISION-MAKING
We obtain clarity in the past with timely and accurate monthly financial/managerial reporting. We obtain clarity in the present with weekly dashboard reports and other productivity and cash management tools. Our clarity in the future comes from a combination of short-term cash flow projections, an annual budget, a 5-year plan, and an up-to-date financial model. Knowing that tactical decisions involve the day-to-day functions in a business, here is an example from one of my clients on how we improved our ability to make tactical decisions with clarity.
In our monthly executive team meeting in which we discuss the past, present, and future of the firm, the President shared that one of our largest customers was requesting a new Request for Proposal (RFP) from all of its vendors for some of the services we provide. Included in this request was an entirely new tier of services for which we had never had to provide unbundled pricing. Within 30 minutes we constructed an entire financial model to determine the lowest possible prices we could offer without damaging our margins. This information was powerful, especially when the President realized that her competitors would likely have much higher prices than our minimums. The result - we won the business with prices that increased our margins but still came in at or below our competitors.
BENEFIT 3 - IMPROVE STRATEGIC DECISION-MAKING
In addition to improving tactical decision-making, financial clarity may bring its greatest benefit in terms of driving the strategic direction of a business. Here is just one example:
Another growing company for who uses our CFO services became dissatisfied with the performance of its distribution strategy. Sales growth had been less than stellar, to put it nicely. We began to explore different distribution strategies, desiring to be open to all options and suggestions. Because of our already-existing financial clarity, the process was quite simple - evaluate all of our options and find the distribution strategy that would add the most value to the shareholders. We modeled each option and eventually chose the one with the most promise. Although we are still in the development and implementation phases of this strategic change, we have already received several points of validation that we are moving in the best direction.
CONCLUSION
This post focuses on the benefits of financial clarity. I will be publishing another article with some tips on how to obtain clarity on the American Express Open Forum site shortly.

Danbro Clients Get Access To Specialist Financial Products

Danbro Clients Get Access To Specialist Financial Products   by Danbro

in Finance / Accounting    (submitted 2010-02-22)

Specialist accountancy firm Danbro is offering its clients access to a range of financial products and services, designed especially for contract and freelance workers.
Danbro has teamed up with ContractorFinancials, which offers financial services such as pensions, insurance and mortgages, designed specifically for those in the freelancing community who are often unable to use financial products from traditional providers.
From Monday, 1 March, any Danbro client will be able to request an initial consultation with their in-house adviser, who will help determine exactly which services are appropriate for them, before referring them to ContractorFinancials.
The full list of services which will be available is as follows:
Pensions
Mortgages
Income Protection
Life Insurance
Critical illness insurance
Tax free savings
Investments for Children
Wills
Home insurance
Private health cover
Danbro's in-house adviser Chris James said: "Often people who work as a contractor or freelancer find they are not able to take up mainstream financial products, or they may take them up and then find they do not suit their specific needs.
"ContractorFinancials are focused exclusively on meeting the needs of the UK's freelancer community so anyone taking out one of their products can be confident it has been designed to take account of issues such as varying incomes and short-term contracts."
Tony Harris, managing director of ContractorFinancials, added: "We are very selective as to which service providers we are associated with and so are delighted to be working with a firm of Danbro's quality. We look forward to being able to help their clients make the most of their Contractor status whilst also helping them to avoid some of the pitfalls that working freelance can sometimes present.
"In particular, use of our unrivalled contacts in the mortgage market will help ensure that we can secure competitive rates based on the client's contract alone and I also know that our contractor retirement solution will help save clients very substantial amounts of tax."

Do You Need Some Accounting Questions Answered?

Do You Need Some Accounting Questions Answered?   by Rudy Silva

in Finance / Accounting    (submitted 2010-02-22)

Do you have an accounting question? Do you need help on where to start? The internet is a good place to start. For tough accounting questions, you need an expert. Longer answer may need payment. Simple answers are cheap or free. This article will help you find answers.

The internet is a virtual world where your queries, such as accounting questions, are easily answered. There are several ways to find answers to financial accounting questions on the web. The first one is through following blogs.
There are many web sites and blog sites that discuss accounting. There are blog hosts whose niche is tax accounting, a method of accounting focusing on tax issues, which include all activities involving filing of tax returns and planning for future tax filing.
Some accountants who are expert in cost accounting impart their knowledge on the web through blogs and informational articles. To find them, you can search for the answers to your specific questions on the search engines.
For example, if your accounting questions are about property accounting, you simply type in such words on the search box, and the search engines will provide you with results. If you want to be specific, you can type the whole question "what is property accounting?"
When you find web blogs and web sites that contain information on accounting, you can do three things. You can bookmark that page so you can get back to it anytime with ease. You can also become a follower of such blog site and be among the first to know about new posts.
This initiative is really helpful because it keeps you abreast of all accounting developments. Depending on the features of blog site, you can leave comments below the posts or you can ask follow-up questions for further information.
Another thing that you can do is to subscribe to newsletters, which is so burdensome because you can opt-out at anytime you want. E-books are also a good source of answers to your accounting questions.
There are e-books which are readily available. Some of the authors grant full access to these mini e-books without any costs. You can download them without requirements anytime. Because they are free, such mini e-books hardly contain complete information about the subject.
However, not all e-books are free. Complete e-books come with varying prices depending on the author, contents and topics. Complete e-books discuss several sub topics of financial accounting such as cost accounting, payroll accounting, accounting depreciation and debit and audit accounting.
There are websites designed to answer almost all kinds of questions. At times, such websites contain information that covers one or two chapters about the subject. So if you have accounting questions, the subject may be discussed in full-length.
Colleges and universities which maintain official website are also a great source of information about the courses they offer. Not only do they provide course description, but also offer useful resources such as e-library, article databases and other similar program.
You can also buy accounting software. In most cases, accounting software packages comes with a CD ROM which you install on your computer, and an e-books. Software packages contain answers to several accounting questions; but they are not free. You have to purchase them either online or at the bookstores.

Why You Need Certification In Bookkeeping Courses?

Why You Need Certification In Bookkeeping Courses?   by Rudy Silva

in Finance / Accounting    (submitted 2010-02-23)

Are you interested in finance? With bookkeeping skills you can get a good job. With Bookkeeping courses you will find a good job. Study only courses that give certifications. Go online to find the best bookkeeping courses. Do you want to have in demand skills? This article gives you options on bookkeeping courses.

Bookkeeping is the process of recording financial transactions of business organizations. If you want to learn bookkeeping then you need to take some courses. A bookkeeper's job is to keep track of two types of accounts-receivables and payables. He is also expected to ensure balance between these accounts.
Almost in every industry, bookkeeping is necessary to analyze and evaluate profits and losses. If you want to be more adept at bookkeeping, you can pursue further education and earn a degree in BS Accounting. Then, you have a chance at becoming a Certified Public Accountant or Tax Accountant
Bookkeeping skills are useful in business. There are four factors that can serve as your guide in choosing the right bookkeeping training courses for you. You need to check on Accreditation, Faculty, Course Material and Certification.
Bookkeeping courses are great, if you want to learn basic accounting information and earn a corresponding certification, which helps you find jobs with good income potential. If you are able to provide excellent bookkeeping skills and a good working attitude, you will do well in bookkeeping.
Online courses must be offered by bookkeeping colleges with accreditation. Accreditation is the procedure of affirming that a school offers quality education. It is a way of manifesting the school's excellence in educating students.
To be accredited, the academic and administrative policies are evaluated and assessed to make sure they meet certain standards. This ensures that when you take courses from them, you are given training of the highest standards.
In addition, accredited schools can provide students access to government student aid programs. Assessing the qualifications of your faculty is another way of ensuring you will be given the best Bookkeeping courses.
Instructors must have solid experience in the field that they are teaching. For example, to provide quality lessons in financial accounting, a teacher must be a Certified Public Accountant. If he is in-charged of tax accounting, he should be a lawyer.
The course material is another consideration to make. Read the description of each course and the outline of the study. Through this information, you will learn if such course is updated and relevant to your field. Online accounting courses are modular, or given through webinars or software.
One of the qualifications that companies and employers looking for in a bookkeeper is certification. Take only those courses that prove the best certifications, which are issued by well known organizations.
An accounting course is effective when you want to acquire bookkeeping skills. Some of the popular courses are basic accounting and bookkeeping practices, computer and data input, balance sheets, journal keeping, and credit and debits.
You will also find courses such as depreciations, tax deductions, annual statements, and computer-based accounting to be of paramount significance. At times, a bookkeeper is responsible for overseeing functions such as compensation and benefits, accounting and other aspects of human resources.
A senior accountant is expected to have completed bookkeeping courses at a university, to have a college degree, and enhancement of knowledge and skills. Bookkeeping courses enable you to maintain consistency in your skills.

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Benefits of using Bookkeeping Software with Bookkeeping Services

Benefits of using Bookkeeping Software with Bookkeeping Services   by Bookkeeping Services India

in Finance / Accounting    (submitted 2010-02-23)

Bookkeeping is crucial method for all type of organizations for the reason that bookkeeping is keeping all the financial transaction records for the business. If you want all the financial transaction reports so bookkeeping is helpful to keeping all the records for sales, purchase, income and payment by individual or organization. Generally bookkeeping is performed by a bookkeeper. Also bookkeeping should not be confused with accounting.

A bookkeeper also well-known as an accounting clerk or accounting technician is a person who records the day-to-day financial transactions of an organization. A bookkeeper is generally responsible for writing the "daybooks." The daybooks consist of purchase, sales, receipts, and payments. The bookkeeper is accountable for ensuring all transactions are recorded in the accurate daybook, customer ledger, and general ledger. The bookkeeper conveys the books to the trial balance stage. An accountant may arrange the income statement and balance sheet using the trial balance and ledgers equipped by the bookkeeper.

Bookkeeping software is, in effect, a sort of manual system in it but works within defined parameters and endeavors to generate all the important information a company requirements. Bookkeepers' services are engaged by many even if a manual system or a bookkeeping software system is there in place.

Bookkeeping - Accounting Software:

• QuickBooks


• Peachtree


• Sage Line 50


• Quicken


• MYOB


• IRIS


• LaCerte


• Pro Tax

The benefits of using bookkeeping software are many and comprehensive. Any business organization that is making use of some bookkeeping software is highly possible to have regular and up to date accounts keeping up with the general principles. Also, the bookkeeping software will generate the type of reports and records business firms necessitate for the preparation of mandatory financial statements and the end of the year. The different financial records are less likely to be lost or mislaid if a bookkeeping soft ware system is in place. In addition to that, the information can be saved from behind as there is the option for taking back ups as and when required.

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Outsource Tax Preparation - An Effective Way to Reduce Your Burden of Tax Return

Outsource Tax Preparation - An Effective Way to Reduce Your Burden of Tax Return    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-23)

Outsourcing tax preparation has gradually grown at an unusual rate. It has slowly become known in the entire business world as entrepreneurs have known its advantages to their developing businesses. Business owners are quite pleased with how outsource tax preparation has worked for them.

As more and more companies have decided to choose outsource tax preparation, competition in the market has also become tougher. It has helped businesses reduce operational costs making them more efficient and more competitive.
Much time is spent by accountants in enhancing and maintaining their tax filing skill. Accountants must be fully equipped with the required knowledge on financial laws more specifically on tax rules. For entrepreneurs, time is precious, misuse of time would entail a waste of money and in the end, would mean reduced profits. Through outsource tax preparation, a businessman will be clutter free and worry free from the intricate procedures of preparing tax returns and tax reduction strategies. It takes knowledge and in part, experience to be aware of the complicated world of tax planning. People involved in outsource tax preparation are efficient partners of the accountant in raising the profit level of the business.
Outsourcing tax preparation pose several benefits to businesses and even to accounting firms. Some of these are:
* It frees business owners and professionals from the dutiful functions of filling up tax filing forms and data entry, more so, savings are bailed out to other core planning strategies.
* It also lessens the need for hiring an in-house staff to help out during the peak season of tax filing.
* It becomes costly advantageous as compared to exactly hiring an in-house staff. You are expected to cut tax preparation costs by almost 50 percent.
* You actually hire people who are well versed in tax softwares and are more knowledgeable on financial processes.
* Security is ensured because security policies are observed. Online services are highly secured from accessing data.
* Turnaround time is practically improved since the client is served in just one to two days.
* Internal costs of each tax return is significantly reduced.
* With enhanced technology, work flow and processes are surpassed for a better and dependable tax preparation.
* Services offered are flexible to their clientele's requirements.
The benefits you actually gain when you outsource tax preparation are valuable. Diminutions in expenses reap better profit ratio causing material benefits to the company.
Outsourcing tax preparation involves easy steps. First, you hand over your financial data to the firm. You may snail mail them, or even an email will do. Second, your books of accounts will then be updated and you will access them online. And voila, your returns are readily available.
Opting to outsource tax preparation may seem grand but to think that these are professionals who are working on your taxes, and that is not a thing to be ignored. You are freed from the worry of being audited and that cannot be measured. The horrors of audit cannot pay the price of peace of mind.

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Outsourcing Accounting Services - An Innovative Approach to Your Accounting

Outsourcing Accounting Services - An Innovative Approach to Your Accounting   by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-22)

As a businessman, you always possess a myriad of concerns, from the administrative aspect down to the non-core functions. You always wish that there were easier ways to do things, particularly in the financial aspect. They are the cause of the constant headache for a most of the businessmen. Here outsourcing accounting services works.

For any type of business, the entire accounting department is one of the functions that could easily be outsourced. If a business needs total relief from the complex procedures of financial processes, then the business ought to switch to outsourcing accounting services. There are lots of businesses, small or big, and even franchises who are into outsourcing accounting services. An in-house accountant or bookkeeper is now obsolete because having these professionals over the Net is now the trend today.
By outsourcing accounting of your business, you deal with a combination of experienced and skilled accounting people using updated accounting software and channeled through the web-based financial document transfer system. With that, you get accurate and timely financial reports in order to confidently man your business. It is like an extended accounting department headed by a team of professionals pooled together with their vast experience and ideas.
Outsourcing accounting services of your company also frees you from rigidly training your accounting personnel. The service providers are highly-trained and are closely monitored and supervised by their CPA Managers. You do not have to maintain any accounting staff anymore or part-time accountants for that matter. In addition, you have an easy access to these service providers as they are available 24/7 over the net. As reports are required, they are immediately presented also.
Benefits
By outsourcing accounting services of your company, you will be advantaged in terms of the following:
- Reducing operating costs through reduced manpower and overhead expenses for salaries, allowances and insurance,
- Improving efficiency by concentrating on more relevant functions like marketing and product development,
- Be relieved of non-core functions,
- Freeing up resources through cost reduction,
- Saving on training costs for your accounting personnel,
- Avoiding the cost of updating your technology through your accounting software.
- Getting access to professionals with specialized skills of the accounting service provider,
- Improving speed and service on submission of financial reports as they are needed,
- Providing reliable and accurate financial reports, and
- Increasing customer satisfaction by being able to focus on their needs.
Available Accounting Services
These are the common services offered by outsourcing accounting service providers:
- Accounting Software
- Accounting Reconciliation (Receivable and Payable Reconciliation)
- Inventory Reconciliation
- Payroll Processing and Payroll Administration
- General and Subsidiary Ledger Maintenance
- Cash Flow Management
- Budgeting
- Bank and Credit Card Reconciliation
- VAT Services
- Taxation Services
Outsourcing accounting services is basically there to provide total business relief from the accounting functions of the company and focus on supervising and running the business. Rather than trying to be on top of the books, he/she can divert efforts into leading the business into the right track.

Don't Break The Bank When Looking For A Wedding Location

Don't Break The Bank When Looking For A Wedding Location   by Art Gib

in Finance / Accounting    (submitted 2010-02-22)

If you are a groom or a bride on a tight budget for the wedding, then in all probabilities you might have you gotten a shock at the catering prices and location rental charges of most popular wedding locations. These charges could well eat into your budget for wedding dresses and other wedding celebrations.
Here are some possible ideas and places you can look at for saving money on the wedding locations:
1. Restaurants: Check out with your favorite restaurant and find out how much it would cost to rent a private room or even the whole place. More specifically, look for a restaurant with a pretty and sizeable back garden that can be used for setting up the ceremony, and that can be used for dancing later. This option will work best during non-peak hours as the restaurant would not prefer to lose their busy weekend crowds.
2. Parks: Several city parks would allow you to have a wedding there for a nominal fee. Look for ones that add value by having a covered patio, special details like fountains, or grassy picnic areas.
3. Theaters and performance halls: A theater or a performance hall might seem to be an unusual wedding venue, but they can be quite whimsical and magical, and you will in addition be helping to support the arts. Your wedding ceremony can be performed at a number of locations, and you can have your reception in the grand second-floor lobby! Most towns offer steep discounts for the local residents as well. Many towns have little used, old-fashioned movie theaters that can add charm to your wedding. If you prefer a more modern approach to your wedding, look into contemporary local theater companies that are willing to rent out their spaces during the off-season or dark nights. Getting married on a stage can make you feel like a star!
4. Your College: Do you recall that charming chapel and alumni house at your college? It is usually very cheap for alumni to have their weddings on campus and probably cost not much more for non-alumni. Just ensure that it's picturesque like ivy-covered halls and green hills, and not barren concrete buildings!
5. Creative and unusual places: Irrespective of whether it's an old mill, or the top of a roller coaster, or the unique place you met, a creative and imaginative wedding location will instantly give your wedding lots of personality. As these places are not normally used to have weddings, you might be able to get very attractive bargains, though you'll often have to bring in extra rentals.

All About Tax Planning

All About Tax Planning   by Hot-Trend.info

in Finance / Accounting    (submitted 2010-02-22)

Tax planning is very important if you want to make sure that your income tax return is filed quickly, effectively, accurately, and painlessly. Through careful tax planning, you can have everything you need to file your income tax return at your fingertips whenever you are ready to file. Tax planning is also helpful in the case that your income tax return is brought up for audit by the Internal Revenue Service.
Tax planning is essentially tracking your income tax deductible items as they come up, and keeping records organized and handy in case they are needed. The most important tool for tax planning is a small filing cabinet. You can use this filing cabinet to file your tax planning documents and receipts, as well as keep track of previous tax returns filed and other important documents such as birth certificates and social security cards. The file cabinet you get to use for your tax planning should be fire proof and have a lock. That way your tax planning documents are safe in almost any disaster, and other people cannot easily gain access to your tax planning and other important documents.
Part of tax planning is making sure that you are aware of what expenses are tax deductible. You cannot engage in tax planning and track tax deductible expenses if you don't know what you should be tracking! The Internal Revenue Service offers many publications on this subject. However, if you have any questions about income tax deductible items you should contact a qualified, certified, and licensed tax professional.
Once you know what tax deductible expenses you will need to track for the coming tax year, you need to set up tax planning record keeping system. This can be a simple receipt book, expanding file, index cards, envelopes, or any other method that makes sense to you. Keep in mind, however, as you engage in tax planning, that your tax planning record keeping system should not only make sense to you, but also make sense to your income tax preparer and the Internal Revenue Service if necessary.
At the end of each month, you can add up the totals for the different types of income tax deductible expenses you recorded in your tax planning records for that month. This way, all you have to do to discover your tax deductible amount is add up the totals for each month. The other records you collect and track through your tax planning are simply for proof that you can claim these income tax deductions, and are not really needed for preparing your income tax return if you have all of your totals in order.
On the surface, income tax planning may seem complicated and difficult. But with proper organization, tax planning is really quite easy. Not only that, but when you engage in income tax planning, you better your chances for that larger income tax refund that you need and deserve. If you have any questions about tax planning, you should contact a tax planning professional tax accountant today!

Outsource Bookkeeping - A Profitable Business Idea

Outsource Bookkeeping - A Profitable Business Idea    by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-22)

Every year, many businesses are started but majority of which tend to disappear without ever leaving a trace of their presence. With this, there are many questions that arise as to how businesses could success amidst tough competition, here Outsource bookkeeping can play a key role. It has become known fact though that the success and the perseverance of a business, especially a small-sized one, basically rely on the ingenuity, wisdom, and aptitude of its owner. An entrepreneur, who is not only proficient but also efficient, will always be seen as the pillar of strength for any business venture. This is because the driving point of his enterprise would have to be his talent and dedication to it as well as his skills when it comes to organization and marketing. All of these ingredients added to a business owner's focus on his goals are essential for a business to succeed or fail.

However, to always be on track in business and for the proper implementation of business strategies, an entrepreneur should always be in tip-top shape when it comes to organization. He should always be on top when it comes to proper time management and should always be able to focus on the business aspects from which financial benefits could be gained. This is where outsource bookkeeping comes in.
Outsource Bookkeeping and Your Business
In business, there are also routine jobs such as bookkeeping that could keep entrepreneurs and their staff away from the more important aspects of moving their organizations forward. This is because these monotonous tasks consume much time and effort. So much so that they could eat away at the time that could have been expended on other matters needed to make a business grow. However, when such services as outsource bookkeeping are availed of, then there would be more time to attend to ideas that could generate more profits. This great business move is also one way of accessing more than just quality service from expert professionals who are guaranteed to save an entrepreneur the hassles of such mundane tasks as bookkeeping.
So if you want to become more organized and focused in your business, then you should turn to outsource bookkeeping now for keeping your financial records always in check and well-maintained. You will see that not only will you gain profits by allowing your staff to work on more important matters, but you will be saving more money as well. This is because with going for outsource bookkeeping, you would be saving yourself the cost of having to recruit and train personnel to do look after your financial records. The amount of money that you can save through going for outsource bookkeeping could be invested on other areas that could lead to the success of your business.
When you go for outsource bookkeeping, you and your staff can now attend to the more crucial tasks of running a business like seeing to the quality of services that you offer to your customers. Because you now have more time and money for innovation and further developments, in time you will gain the edge you need to make it big in the niche in which your business belongs to. So with outsource bookkeeping, you have not only gained more time and savings on your hands, you have also managed to become more organized in handling your business in a better and more profitable way.

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Freelance Bookkeeper - The Help You Need For Your Small Business

Freelance Bookkeeper - The Help You Need For Your Small Business   by Amitaabh Saboo

in Finance / Accounting    (submitted 2010-02-22)

In business, no matter the size, there is nothing as important as having financial records that are well maintained. Because of this, bookkeeping is quite a vital need in keeping these records in check at all times. However, bookkeeping is a task that could consume the time and effort of business owners, especially those who are burdened with enough things to think about as it is. This is where a freelance bookkeeper could become handy. These outsourced bookkeepers are the key when you want your bookkeeping handled in such a way that would meet your standards as a business owner.

Why Get a Freelance Bookkeeper?
If you are an owner of a small business, then it is better for you to get a freelance bookkeeper instead of a full-time one. This is because, unlike bigger companies, your business may not be able to handle the expense of a full-time bookkeeper. Because the bookkeeping tasks of your business are not needed daily, then it would also be unwise to hire these costly full-time bookkeepers. When it comes to hiring a freelance bookkeeper, on the other hand, you will be getting just the kind of service that you need for your growing business. With this, you would be getting well-maintained and organized financial records bookkeeping at a lesser cost, thus cutting down on expenses needed to keep your business going.
Other Benefits of a freelance bookkeeper
Hiring a freelance bookkeeper hold quite a number of benefits. One of the main benefits that you can get out of doing this is being able to cut down on overhead costs such as holiday pays, insurance benefits and sick leaves. With freelance bookkeepers, it is only their hourly rate that you would have to pay. You would also be able to do away with the trouble of finding office space and the right equipment and utilities needed by a bookkeeper.
Another benefit that you can get is his coming to you already an expert in the art of bookkeeping. As these bookkeepers were already trained by the firm by which they are working for, then you would not have to worry about the training and development aspects of a bookkeeper. Because a freelance bookkeeper has already undergone the proper training, then he would always keep in mind the requirements that you would need for your business. As such, he would always be service-oriented as well as proactive, so as to be able to cater to your demands. As such, you will be able to ask from him all your needed reports at a particular time and he will be able to supply them to you.
Breathing Easier with a Freelance Bookkeeper
Once you have hired your own freelance bookkeeper, you will already be able to breathe easier when it comes to your financial records. This way, you will have more time on your hands to concentrate on the improvement of the systems of your business as well as the products or services that you are offering to your clients. If you can work towards catering to the satisfaction of your customers, then you would be able to bring your business to a higher level. With less hassles on your hands, you will be able to pave the way for the success of your business.