Outsource Accounting Tasks To Us Instead of Using Expensive Internal Accountants

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By Amitaabh Saboo

Do you know the language of business? Accounting is termed as the key language of business by many people. Without adequate accountancy knowledge, skills and experience, your business performance and monies will be difficult to track. Nowadays many entrepreneurs are not able to study and manage their businesses at the same time. They are taking advantage of outsourcing. When entrepreneurs outsource accounting, they shift their difficult responsibility to an outsider, who has nothing to do their organizations. Both of them form a contract that defines the scope of service delivery, terms of payment, task deadlines, methods of service delivery and many other parameters.

Since managing your company is hard enough, you may also want to outsource accounting to a reputable firm near you. An accountancy firm is an independent organization that employs thousands accredited and qualified accountants. It has a remote data entry centre that accommodates its employees. The arrangement involved in outsourcing is quite different from a normal recruitment process. Your company and an accountancy firm of your choice will get into a business deal that does not involve any employment terms. The firm will get your accounts books balanced and you will pay the agreed rate to return the favor.

As you can clearly see, entrepreneurs who outsource accounting tasks to an autonomous service provider, avoid the hassle and stress of recruiting new accountants. Would you not want the same thing? Another cost you can avoid is that of training or retraining new or existing staff. Software development technology has greatly advanced these days, and new accounting software products are cropping up quickly. The cost of training your accountant on how to use new accounting software can be higher than the cost of assigning your daily tasks to an external accountancy firm. When you outsource accounting, you are given an opportunity to choose among different accounting software programs.

An outsourced company already has many professionals who know how to use software at no additional cost on your part. What’s more, you get to choose when you want to contract out and when you want to do the job personally. After ending a contract with an independent outsourcing company, you can decide not to form another contract until you are financially. On the contrary, keeping an office employee denies you the pleasure of not paying any monthly wages when your business is not getting enough contracts. It is therefore convenient and cheaper to outsource accounting than to do the job yourself. In addition, when you assign a task to a remote contractor, you can free your office space by dismissing redundant staff.

This will help you channel the money you would otherwise pay as monthly salaries to other profitable departments of your company. For instance, you can do more advertising and marketing in order to attract more customers. While looking to outsource accounting, it is advisable to use a registered company with offices in your country. For instance, if you live and do business in the USA, you should locate a company that has head offices in the US. This way you will know that you are protected by the laws of your country. Additionally, it makes you feel secure and confident when passing your business data over the internet. To be completely successful, you should outsource accounting tasks to a trustworthy company that has diligent and qualified employees. Outsourcing accounting improves financial operations as well as increased the level of efficiency, adaptability and ability to wok with the market conditions while at the same time curtailing risks and costs.

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Ask us for help – we provide on-site and remote accounting and controllership services.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

 

Virtual Accounting and Bookkeeping Services: Get the Most for Your Money and Protect Your Assets

By Amitaabh Saboo

If you are a small business owner who has not considered virtual bookkeeping  services, you need to take a step back and think about all that this set of  services has to offer. In fact, once you look at all the factors, you may find  that you cannot afford to tap into this cost effective, secure way of keeping  your company’s financials up to date.

Specialized Professionals Take the time to consider what you are doing  right now to keep your bookkeeping up to date. Are you coming home and managing  your books at night? Have you asked your sister-in-law to manage them because  she took a couple of accounting courses a few years ago? Have you hired an  “office manager” to handle your phones, communications, and your bookkeeping. If  one of these solutions sounds like the steps you have taken, you are taking  great risks with your company’s financial reports and assets.

By using virtual bookkeeping services, you would be tapping into a team of  specialized freelance professionals who understand what your company needs and  is able to manage your bookkeeping tasks thoroughly, accurately, and in a timely  manner. This is all they do; it is not that one thing they need to get done in a  day full of unrelated tasks. This means they have a solid grasp of the full  range of bookkeeping tasks that must be done to keep your company not only  afloat, but moving in the right direction.

Competitive Costs Virtual business bookkeeping services charge an hourly  fee for the work you need done; this may include managing your general ledger,  tracking expenses and revenue, completing weekly payroll, preparing month end  and year end reports, and preparing your documents for tax filing. The freelance  professionals will assess your needs, make recommendations, and take  responsibility for the accuracy and timeliness of their work. In the long run,  you will have saved money over hiring on your own, trying to work it in, or  squeezing it into the work of another employee, because you pay specifically for  the hours worked on your account and when your bookkeeping is done correctly, it  is financially advantageous to you.

Streamline your Business You most likely started your business because  you have a passion or a skill in relationship with the services or product you  offer. Even if that business is accounting, the best use of your time is to  focus on revenue generating activities. These tasks include building your client  base, building better relationships with the clients you have, and increasing  your inventory or providing the services you are selling. These are the  activities that help you make your business profitable and are the reasons you  started your company. By using virtual bookkeeping services, you can take this  crucial administrative task out of your day, ensuring it gets done, but  streamlining your own activities so that your time is spent working toward your  larger goals. For this reason, virtual bookkeeping services are just as  important to your overall business model as any other tool or supply you may  purchase.

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We have over 45 years of Accounting, Software, Management and Systems experience. Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help – we provide small business accounting, cost accounting, business advisory and software consulting services.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-938-3608

Thank you,

Peter DeSmidt.

Benefits Of Our QuickBooks, Online and Enterprise Setup, Implementation, Training and Support Services

We provide QuickBooks, QuickBooks Online, and Enterprise help,  installation, set up, accounting, training, support, troubleshooting, implementation, consulting and controller services to small and medium sized businesses.  We also provide small business consulting  services to include cost control, financial systems, staff training, treasury  management, revenue and expense analysis, inventory management, and small business turnaround services.

You will always work with the same person at our firm; Peter has over 40 years of experience in Accounting, Systems and Business Management; he has been an Accounting Instructor at Mercer University and Georgia State University; and is a Certified QuickBooks Advanced, Enterprise, and Online ProAdvisor.

We are headquartered in the Tampa Bay South Shore area, and serve the metro area, and remotely serve Florida and the US.

Our Services Provided Include:

  • Monthly Accounting Services
  • Accounts Payable and Receivable Management
  • Financial Statement Preparation
  • Cash Flow Analysis and Management
  • Inventory Management and Control
  • Fixed Assets Reporting
  • Bank Reconciliations
  • Payroll Tax Compliance
  • Variance Analysis and Reporting
  • Revenue and Expense Analysis
  • Staff Training and Utilization
  • Business Consulting and Guidance
  • Accounting Systems and Controls
  • Financial Analysis and Reporting
  • Budget Preparation and Reporting
  • Treasury / Cash Management
  • Software Selection and Implementation
  • Software Training and Support
  • Controller and CFO Services
  • Virtual, Part-Time, and Outsourced Services
  • Cost Control / Cost Management Consulting
  • Accounting Software Training and Support
  • Strategic Planning and Consulting
  • Business Planning and Forecasting
  • Policies and Procedures
  • Defining Job and Project Cost Elements
  • Creating and Customizing Reports

QuickBooks is a user-friendly and easy to use system, provided the initial set-up is implemented properly.  In fact, the majority of QuickBooks problems discovered after implementation stem from improper initial set-up.  Get started on the right track, by working with us, and avoid costly problems in the future. You will receive a QuickBooks file customized for your business based upon the information that you provide.

Here’s a list of the services that we can provide during your QuickBooks setup:

  • Evaluate your software requirements and overall accounting needs
  • Determine your accounting and QuickBooks software needs
  • Recommend the appropriate QuickBooks software and establish hardware requirements
  • Software installation and set-up
  • Design and set-up the chart of accounts and the entire accounting system– including payroll, accounts receivable, inventory, and accounts payable
  • Determine your QuickBooks start date
  • Customize the chart of accounts for your business and load balances as of your start date
  • Customer and vendor set-up
  • Item set-up including services, inventory parts, non-inventory parts, other charges and sales-tax items
  • Set-up your outstanding accounts receivable and accounts payable details as of your start date
  • Set-up your ending statement bank balances and outstanding checks & deposits in transit as of your start date
  • Enter your transactions since your starting dates into QuickBooks
  • Print a trial balance as of your starting date and compare it to your trial balance from your old system
  • Train your staff in use of software to meet your accounting, management and tax-reporting needs
  • Follow-up training to ensure you are on the right track
  • Monthly, quarterly or annual review of QuickBooks to assist in tax preparation and management reports

Why our one on one training is the way for your company

  • Training at your location, a quiet restaurant, or via shared desktop at a time that is convenient for you – including weekends
  • Work on your live QuickBooks file
  • Training is based on your skill level, and at your pace
  • Focus on QuickBooks features that are relevant for your business
  • Get answers your specific questions and concerns
  • Training implemented in one to several 3 to 5 hour intervals – spaced over time

While a one-on-one instructor-led QuickBooks training class is more expensive than attending a group class, it is a good investment when you have specific QuickBooks issues to solve or you need to get QuickBooks started in the right direction with your QuickBooks accounting and bookkeeping needs. I can help you figure out the best solutions for your particular QuickBooks accounting issues, and give you a strategy for how best to pursue your short-term and long-term goals for your business. Getting off on an ill-directed path in QuickBooks accounting can be very costly in the long run; getting the right professional advice from the start will certainly be well worth the investment.

We can train on Pro, Premier, Accountant, Online, industry-specific versions and Enterprise versions of QuickBooks.  Our one-on-one training is customized for your business. Email us or call us – to  schedule your implementation / training / support services to learn more,  and to discuss your requirements.  Free initial telephone consultation. Evening, weekend, and daytime telephone consultation appointment times are available. We would welcome the opportunity to work with you.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our QuickBooks ProAdvisor website http://proadvisor.intuit.com/quickbooks-help/peter-desmidt-mba to learn more about our QuickBooks services.

Contact us www.desmidtconsulting.com/contactus.html

813-938-3608

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced, Online, and Enterprise ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist