by admin on June 25, 2014

Outsourcing Benefitsoutsourcing

For the right sized small business in today’s tax environment, outsourcing saves owners a ton of money. A favorite quote from a colleague, “ I love having the Accounting Department on the phone, rather than the payroll”.

Outsourcing Is Cost Effective

Employing a bookkeeper in-house can be expensive. That cost is not just comprised of salary, but the other direct costs such as employer payroll taxes, worker’s compensation, medical insurance, retirement plans, and other benefits. Additionally, there are employee vacation and sick days to consider. And don’t forget the time and expense involved to place classified ads, as well as interview, screen, test, and train an employee. Our fees to provide superior service to your company are quite competitive by comparison; we also provide flexibility in adjusting the level of service to meet the seasonal needs of your business.

Outsourcing Reduces Your Year-End Work and Fees

Since we maintain your general ledger and subsidiary schedules as part of the ongoing recording of data and preparation of documents, your year-end work can be significantly reduced. That translates into lower accounting fees and faster turnaround time in preparing tax returns and financial statements.

Outsourcing Investmentbookkeeping

Each business is unique. Accounting Services by Day, LLC, calculates a monthly fee for each prospective client by actually diagnosing the existing accounting files, followed by a conference call with the owners and management team to review the results of the diagnosis.

Complimentary Proposal

For a free, no-obligation proposal, please contact us. We will be glad to help show you the services you can get and the savings you can achieve by outsourcing your accounting department to Accounting Services by Day, LLC.

Outsourcing Defined

The trend today for many employers is to outsource any function of business that is not directly related to the generation of income. But what exactly is outsourcing? Simply put, outsourcing is the long term contracting of a company’s business processes to an outside service provider, helping to increase shareholder value by reducing the costs of non-core functions.

Of course, outsourcing is not a new concept. For years companies have outsourced their legal, advertising, printing, and computer services so they could benefit from professional expertise without substantially increasing overhead.

Outsourcing Your Accounting Is a Positive Idea for Your Business if Any of the Following Applies to Your Current Situation:

  • You are spending too much time managing your books and not enough time growing or running your business.
  • You find that you are cutting corners, or you are uncomfortable with your accounting because it is too time consuming, or you do not really understand how to do some of it.
  • You want professional grade accounting but either cannot afford or simply do not have the need for a full time accounting person or department.
  • You have a basic understanding of financial reports, so that you can stay informed about your business on an “at-a-glance” basis.
  • You are not afraid to ask questions if you notice things on financial statements that you do not understand.
  • You want the flexibility to examine your accounts whenever and wherever you’d like, combined with the peace of mind that your books are being maintained by dedicated professionals.