Doing your own accounting can get painful really fast. Here are four things to consider when looking for an outsourced accounting firm. It is wise to work with a firm that takes a holistic view of your company, so they fully understand your business’ various accounting needs —past, present and future. Having an outsourced accounting firm who understands the details of your company enables you to focus less on the books and more on achieving your business goals.
1. Cost of training– When you hire a bookkeeper, the last thing that you want to do is to train them in how to use your online accounting software and deal with day-to-day stress that training can entail. The cost of training someone new is something that most small businesses tend to go out of their way to avoid. Company accounting and IT systems are frequently updated, creating more time to become familiar and well-versed with the updates, not to mention the time it takes to stay current on best-in-practice services and platforms.
2. Save money– Did you know that a boutique accounting services company, like One 8 Solutions, can offer managed accounting service discounts to your company by as much as half off for the first year? For example, because One 8 Solutions is an Elite certified QuickBooks reseller of the full suite of QuickBooks products and related services, we can offer businesses a 50% discount off the first year or a 20% perpetual discount. This is a perk that you will not be able to get anywhere else online. Outsourced accounting firms can often extend great savings to their clients.
3. Comprehensive suite of services– Knowing that your outsourced accounting firm can streamline all your accounting needs helps you breathe a sigh of relief so you can focus on running your business in the following ways:
a. Accounting & Bookkeeping
c. Consulting & Training
d. QuickBooks software and hardware
e. Point of Sale
f. Merch Services
4. Process Driven Firm– A process-driven firm focuses on the inner workings of your company—not just the books– so you know your entire organization is set up for efficient and effective accounting management solutions. For instance, if your company deals with HR, IT, and insurance matters that don’t specifically create transactions, a process-driven accounting firm will assess accounting processes in all areas, implement updated accounting processes, follow up by documenting their processes and buildout a task list with workflow management solutions. In the words of One 8 Solutions, “Numbers are only half the story… let us tell you the rest.”
Hiring an outsourced bookkeeper saves you time and money. Our comprehensive solutions allow you to focus on your core competencies while we take care of the bookkeeping, payroll, and taxes for you. This allows you to increase profits by growing your business faster. Book a consultation today.