Accounting. Just that word alone can send chills down the spine of the most seasoned business person. And we haven't even begun to talk about the intricacies of the financial world. Of course, outsourced bookkeepers have a firm grasp of such lingo; after all, it's part of their specialty. That being said, you're not the [...]
Did you know: more than 1/3 of small businesses in the US choose to outsource their bookkeeping? The benefits of doing this are manifest. Businesses can save money on an expensive in-house accounting department, entrust their financial operations to a team that has expertise and experience, and easily scale their accounting services. But how can [...]
Studies show that 59% of businesses use outsourcing to lower operating costs. What areas are you outsourcing now? How can you improve your business without spending more? Is your information going to stay secure? Accounting and IT services are two common areas of business that are outsourced. This allows companies to save on the amount [...]
Scaling a business through outsourcing has become increasingly common in recent years, and that's a trend that doesn't seem to be slowing down. In fact, around 30 percent of businesses are turning to it as a growth strategy in response to COVID-19. If you count yourself among that group, accounting is a good place to start. In [...]
As the devastating impact of COVID-19 continues to make itself felt across the world, one of the most pronounced effects has been economic. A record number of small and medium-sized businesses can no longer afford to make payroll for their employees. This means that businesses are faced with the difficult choice of whether or [...]
Wondering if you need to outsource bookkeeping services? If you're like 40% of small business owners, handling the bookkeeping and taxes is the worst thing about owning a business. The cost, complexity, and confusing regulations are among the biggest issues. Outsourcing bookkeeping eliminates many of those issues. Keep reading to learn five benefits of outsourcing. [...]
Since the onset of the COVID-19 pandemic, small businesses have been closing left and right. 2020 is a scary time for businesses. If you don't want to become another small business struggling to hang on, then it's important to stay on top of the challenges headed your way. In addition to the pandemic, some of [...]
For a lot of people, the job function of bookkeeping vs accounting is exactly the same. The truth is that bookkeepers and accountants are similar, but their jobs are quite different. Understanding the five key differences can ensure your financial operations run smoothly without any problems. 1. Bookkeeping vs Accounting Roles Both positions of bookkeeper [...]
Many companies are outsourcing the role of their financial controller for increased efficiency. They are turning to industry experts for help with maintaining detailed records. This also applies to the management of information technologies. Other benefits include professionals to oversee payroll and accounting for your business. There are countless benefits when you outsource the controller [...]
Are you considering outsourcing for your business? Outsourcing can be a great way to cut costs and improve efficiency, but there are some cons of outsourcing to keep in mind before making that business decision. Stressed over what you should do? Not to worry! In this article, we’re sharing the pros and cons of outsourcing. [...]
