Most small business owners spend a large part of their time managing basic tasks and services. While this may initially seem to be an effective way to cut costs, it also limits your time to grow the business.
Small businesses often mistake the use of accounting software systems as the same as bookkeeping services. While accounting software can do many things and is a great asset to a business owner, it is not the same as having bookkeepers that have the experience and expertise to manage many business financial applications.
Adding cost-effective small business bookkeeping services is a simple way for business owners to manage several aspects of their business more effectively. These plans are typically billed at a flat rate that
While the cost-saving benefit is the most obvious, there are other reasons to choose outsourced small business bookkeeping services.
• Tax reporting – sales tax filing can be handled by an outsourced bookkeeping service. Look for a company with experience in managing sales tax to avoid mistakes and penalties.
• Complete payroll services – turn over all your payroll tasks to small business bookkeeping services. This includes scheduling ACH payments, managing timesheets and data entry, and even filing W2 and 1099 tax reports
• Accounts receivable – invoicing and invoice management is essential for any small business. With a bookkeeping service, business managers can see at a glance which customers are making payments and if there are aging reports that are costing money.
• Accounts payable – paying your vendors and managing vendor bills ensures that your small business maintains a top working relationship with your vendors and suppliers.
There are many benefits to using outsourced bookkeeping services. Choose a service that specializes in working with small businesses and offers the services you need.