Blog by Acton Accounting & Bookkeeping Inc.

Read our blog to know about the various trends in the accounting & bookkeeping world!

«« BACK

Should I Outsource my Accounting and Bookkeeping?

By  Acton Accounting |   | Posted in " Accountants, accounting services, bookkeepers, bookkeeping services, corporate tax, February 2016, personal tax, Tax & Benefits, Tax accountants, tax filing, tax return preparation, tax services "

The entire accounting function of your business can be outsourced. We can perform all transaction processing, accounting, cheque preparation, payroll, and filing off-site. Here is how it works:

We are provided vendor invoices, deposit reports, government forms, and other source documents from your business on a regular basis. We can process your transactions in Simply Accounting or QuickBooks and prepare cheques to pay your vendors. The cheques can be delivered to your office for signature and mailing. Acton Accounting and Bookkeeping Inc.’s professionals can prepare your financial reports on a monthly basis. We meet with you regularly to discuss your financial statements and any business issues that may arise.

tax preparation vancouver bc

The Benefits of Outsourced Accounting

  • Cost savings are realized due to the increased flexibility: you only use services as needed.
  • The fixed cost of the accounting function becomes variable. Fees will vary with the level of business activity.
  • It allows you access to professional finance and management services at a fraction of the cost of salaried employees.
  • Reduced year-end fees result, as accounting records are always up to date and accurate.
  • Tax planning opportunities are available as income can be projected prior to fiscal year end.
  • Cash flow management ensures that the company will meet its financial obligations; or if there is a cash flow issue, the business owner is aware of it before the consequences are felt.
  • Government remittances are made on time and accounting records are in order ensuring compliance with government regulations.
  • Increased profitability due to timely financial reports and analysis.
  • Lower investment in equipment and administrative costs (computers, software, desks, office space, and personnel).
  • Reduced stress of the business owner!

Our clients are encouraged to meet with us regularly to discuss the financial position of their businesses. We also recommend an annual budgeting exercise to improve financial performance and aid in cash management. We are here to help you meet your financial goals!

All Categories

Archives

Recent Posts