A Few Perks to Outsourcing Your Bookkeeping

September 21, 2010 at 12:12 pm Leave a comment

2009 – 10 have proven to be a tough year. Many wonder where they can cut cost and improve their business overall.

Outsourcing your bookkeeping saves you time and money. The average business owner spends on average 10 hours a month on bookkeeping.  Imagine what other business responsibilities you be focusing on instead. As we all know, time equals money and your time is precious, just as your money is.  Outsourcing your bookkeeping can also save you money because you don’t have to pay unemployment tax, payroll tax; instead your outsourced vendor is a tax deduction. When you have your books outsourced your vendor has the discipline and knowledge to manage your books quicker and more efficiently than you or an employee. This is because the outsourced vendor has fewer distractions than a internal employee, who may have many other tasks to attend to outside of bookkeeping.

While outsourcing your bookkeeping, you provide a checks and balances approach to your business’s financials. The outsourced company looks at your books objectively and, because not one single employee is responsible for managing the businesses financials, the temptation for theft is reduced. In addition, outsourced companies can be more objective with regard to important financial decisions related to your business.

A bookkeeping firm’s responsibility is to know bookkeeping policies and accounting laws. They tend to stay informed about the latest changes in this field of business.

All in all, outsourcing is a recommended choice for many businesses, for the purposes of maintaining efficiency in the most productive and least inexpensive manner.

If you are considering outsourcing your bookkeeping, contact 360 integrated Business Solutions today. http://www.your360i.com

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Entry filed under: Bookkeeping, Business Sense, Outsourcing. Tags: , .

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