Should You Hire a Bookkeeping Team When Your Business Grows? - PowerPoint PPT Presentation

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Should You Hire a Bookkeeping Team When Your Business Grows?

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If you’re in the fortunate (and frankly, exciting) position of owning a small or mid-sized business that is expanding, then you might be noticing that not only is there a lot more accounting work to be taken care of, but that you have less time available to complete it all. Even if you already employ a part time bookkeeper and accountant, they may be struggling to keep up with the workload, and if this continues, your business will ultimately suffer. – PowerPoint PPT presentation

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Title: Should You Hire a Bookkeeping Team When Your Business Grows?


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Should You Hire a Bookkeeping Team When Your
Business Grows?
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  • If youre in the fortunate (and frankly,
    exciting) position of owning a small or mid-sized
    business that is expanding, then you might be
    noticing that not only is there a lot more
    accounting work to be taken care of, but that you
    have less time available to complete it all. Even
    if you already employ a part time bookkeeper and
    accountant, they may be struggling to keep up
    with the workload, and if this continues, your
    business will ultimately suffer.
  • If you want your business to continue growing, or
    at least maintain its current financial position,
    then youll need to urgently address any
    bookkeeping concerns that you have, and consider
    the fact that outsourcing might be a more
    cost-effective solution than employing your own
    in-house bookkeeping team.

3
  • Why outsourcing could be more efficient than a
    bookkeeping team
  • As your company grows, managing day-to-day,
    weekly and monthly bookkeeping tasks will
    undoubtedly become more difficult as time goes
    on. You may be able to scrape through on a wing
    and a prayer for a while, but youll need to put
    a concrete plan in action if you want your
    business not only to survive, but thrive. If
    youre not familiar with outsourcing and the many
    benefits it can bring to a company, then you may
    not know that instead of simply costing you money
    and being an added expense you cant afford they
    invariably end up saving you money and helping
    your business to gain valuable financial insights
    that it might not otherwise have been privy to.

4
  • What can an outsourced accounting provider give
    you that a bookkeeping department cant?
  • Perhaps one of the biggest advantages of
    outsourcing your accounting needs is the level of
    expertise that you gain access to. Not only do
    you get a team of qualified accountancy experts
    at your disposal virtually around the clock, but
    you benefit from their collective wisdom,
    experience and often their software expertise,
    too.

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  • Secondly, this is all available at less cost than
    hiring a bookkeeping department, not to mention
    the fact that you dont have to recruit anyone as
    a team of bookkeeping and accountancy specialists
    have already been vetted and are sitting, waiting
    to work for you.
  • What are some of the services provided by
    outsourced accounting?
  • Accurately recording invoices, payments,
    statements and much more
  • Preparing checks to be signed and paying bills
  • Weekly AP and AR reports
  • Prepare spreadsheets for payroll
  • Balance sheets
  • Monthly P and L and so much more

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  • For more advice and guidance about outsourcing
    your bookkeeping and accounting needs -
    especially if your business is set to grow, or
    has already expanded - talk to a professional
    outsourcing company today.
  • At Heyer Associates, we proactively assist our
    individual and small business clients in meeting
    their goals. Our key area of focus is ensuring
    that our clients remain compliant with federal
    and state tax laws by providing them with high
    quality accounting and tax service Coral Gables.
    If you are looking for individual tax preparation
    in Miami, Heyer Associates would be a right
    option.
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