Some people mistakenly believe that they can grow their business alone. In reality, it is not possible to work alone to grow and expand a business. As the business expands due to increased customers, additional tasks are added. Moreover, keeping the books is no longer a quick and easy task. It becomes tedious, difficult and tiring. For this reason, Outsourced Bookkeeping Services may make sense for you. Instead of waiting for your small business to grow financially to hire an accountant, you can use some of your working capital to outsource your books.
Providers of outsourced accounting services exist across the United States. Some of them have managed to open branches in more than one state. They have hundreds of accountants and bookkeepers scattered in different states. Moreover, reliable providers of outsourced accounting services have official websites. They rigorously advertise their websites to ensure that a potential client can easily find them while surfing the internet. Online accountants are very fast and reliable. They also cannot be compared to one or two professionals in your office in terms of problem solving skills. Accounting and Bookkeeping Services Melbourne
These internet based experts deal with books of companies from different industries or sectors. Thus, their problem-solving skills are sharpened and improved every day. Moreover, when a technical problem arises, they can work on it as a team, unlike your in-house expert who is alone and cannot advise. Another important point is that outsourced accounting services can be tailored to your needs. Maybe you have old books with errors that you want corrected first. Maybe you have a monthly book inventory that needs to be updated quickly. It’s important to let your contractor know what your goals are.
If you’ve never used outside accounting services before, especially from an online accounting firm, the process is simple. The first option is the so-called server-based accounting. It involves the following:
- Scan the source books/documents and upload them to a server using your PC. The documents can also be faxed for free.
- Your service provider will find the uploaded documents. Using accounting software of your choice, he updates these documents immediately.
- The updated books are stored on an encrypted server for security reasons.
- You come online and download the updated books from the server to your computer.
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Option two involves PC-based bookkeeping. Below are some simple steps.
- You scan your source documents, upload them to an encrypted server and log off.
- The documents are assigned to a team of accountants, especially if the volumes are large. They connect directly to your PC via a remote access software program. Usually, a secure virtual private network is used.
- With accounting software, your books are updated on your computer so you don’t have to download them.
The last option, Internet-based or hosted accounting, is most commonly offered by providers of outsourced accounting services. It involves:
- You get an accounting software program of your choice. With it, you simply scan your source documents and upload them to a server. The documents can also be faxed for free.
- The assigned accountant opens your Internet accounting software account and updates your books with it.
- The next morning, you log into your online accounting software account and view the status of your books.
