General

Choosing the right outsourced bookkeeping service for your business really is, you know that best, you know what your needs are. When I have somebody call me blindly wanting us to do bookkeeping services for them, I ask them, well, how many credit cards do you have? How many bank accounts are you using? A...

We’re a CPAs best friend. Why? Because CPAs don’t want to deal with all the minutia that goes on with a business with all the receipts and the reconciling and, oh my gosh, they charged this item back in February. What was it for? I don’t know. You haven’t even entered your credit card receipts....

Can outsourcing help with tax preparation and planning? Oh, that is, you know, that old shoebox adage of having receipts. You wait till the end of the year. It’s really too late to have planned what you’re going to be doing for taxes. You find out at the end of the year after we’ve gone...

An organization requires to get financial statements when they need them. So when you work with an outsourced bookkeeping service, you set the parameters. You say, I would like to see my financials on a monthly basis. I have a client who wants to see her financials weekly. She’s sophisticated enough to be able to...

Levels of expertise in outsourced bookkeeping services can vary just like they can vary when you hire someone. You can have a basic service who will do basic data entry, maybe not be able to analyze or prepare financial statements. They may just do the data entry that then gets turned over to an accountant...

The difference between hiring an in house bookkeeper and an outsource bookkeeper, during business hours, you’re going to have that outsource organization be there for you all the time. With an in house bookkeeper, you’re going to deal with, “my child is sick, I can’t come in today.” When outsourcing bookkeeping service, You don’t have...

Let’s face it, everybody wants to have a strategic plan. They want to know what direction their company’s going in. And if they don’t, they need to get on board and understand that that should be what they’re doing. When you use outsourced bookkeeping, a good service is going to provide to you financials that...

To have somebody in-house who’s going to have to sit down and go through the time cards and calculate hours and calculate PTO. When you can have systems in place that people punch in. These systems are so sophisticated that it’ll let the supervisor know who might have missed a punch. They even approve PTO...

What types of questions do you want to ask an outsourced organization for bookkeeping or whatever you’re using? My first question always is, you know, what’s your background? How many clients do you have? What types of industries have you served before? Are you familiar with my industry? Have you ever worked for a company...

Okay, so you want to know about being compliant with your bookkeeping and, and that you’re doing everything properly.If you have somebody in-house doing the work, they’re going to have to go out and be trained and go to webinars and keep up with the latest, greatest compliance. When you’re using an outsourced service, they’re...