Advantages

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:

1. You are spending too much time managing your books and not enough time growing or running your business.
2. 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.
3. You want professional grade accounting but either cannot afford or simply do not have the need for a full time accounting person or department.
4. You have a basic understanding of financial reports, so that you can stay informed about your business on an “at-a-glance” basis.
5. You are not afraid to ask questions if you notice things on financial statements that you do not understand.
6. 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.

Outsourcing Benefits

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. Accounting & Bookkeeping Solutions, LLC can work with your tax professional throughout the year to ensure that your books are tax ready. Alternately, Accounting & Bookkeeping Solutions, LLC does provide tax preparation services for existing clients as needed. If you are in need of compiled, reviewed or audited financial statements, Accounting & Bookkeeping Solutions, LLC will work with the professionals preparing these statements to minimize your accounting and auditing fees. (As your accounting department, Accounting & Bookkeeping Solutions, LLC would not be independent and so could not conduct an audit of your financial statements.)

Outsourcing Investment
Each business is unique. Accounting & Bookkeeping Solutions, LLC calculates a monthly fee for each prospective client by actually diagnosing the existing accounting files, followed by a meeting with the owners and management team to review the results of the diagnosis. During the meeting, Accounting & Bookkeeping Solutions, LLC and the prospect will explore the challenges and issues related to the accounting function to determine the scope of the work.

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 & Bookkeeping Solutions, LLC.

Outsourcing for Start-ups to Mid-Sized Companies

If you are a start up or a mid size enterprise, it is not easy to outsource for multiple reasons. As a start up or a mid size enterprise,

1. You may not have the headcount that could make it worthwhile to outsource.
2. You may be concerned about upfront investment.
3. Your enterprise may be too small or too new to have structured processes that facilitate outsourcing.

Should you wait until you get big while your bigger competitors are rapidly acquiring competitive advantage by outsourcing back office processes for better quality and lower costs?

We specialize in dealing with small and medium enterprises. Some of our customers are solely owner operated and some have 100 persons per program. Some of our clients seek a fraction of time. We have the capability to address both amall are large scale requirements.

Our client engagement model keeps upfront investment very low and strive to realize value from day one.

Our mission is to seek your success in your market place against bigger players. Our focus is on the quality of your offering in your market place; your competitive advantage; your market share; your revenue and therefore your profits. Of course we focus on the quality of our service and the cost advantage we bring as well.