Outsourcing the accounting functions of your business saves payroll expense, overhead expense and frees up your valuable time. The expenses for an employee-bookkeeper include wages, paid time off, payroll taxes, unemployment taxes, worker compensation insurance, and benefits. In addition, you must provide work space, office furniture, office supplies, software and computers. The average business owner spends five or more hours per week managing bookkeeping personnel. By outsourcing your accounting functions, you receive services from a degreed professional at a fraction of the cost.
It is a common misconception that an owner will lose control if they outsource bookkeeping. In a properly designed system, only the owner decides what bills will be paid, makes management decisions and signs checks.
It’s understood that a business should focus its resources on tasks that add value to the customer relationship and revenue stream. If you maintain good books or sloppy books, chances are your customers will never know. Yet books that do not reflect the true shape of your business provide no clue to managing your business. Not knowing where you are making or losing money places you out of control. Cash flow is not a problem, it is a symptom of other problems.
If there is a company that can do it better, faster and cheaper than you, then why waste your resources on the non-revenue producing function of accounting? By outsourcing these functions to One Source Accounting that regards these as its core competency, you now have the ability to become more profitable, more efficient and far more competitive by focusing on the tasks that are most important to your business.