Outsource Bookkeeping and Outsource Accounting
Many small businesses don’t have enough work for a full-time bookkeeper so they often resort to part-time bookkeepers. In most cases, these part-time book keepers are not accounting professionals and lack the experience and knowledge required keep good accounts and manage financial aspects of a business. Further, since these part-time bookkeepers are prone to higher turnover. So, if the part-time bookkeeper quits for any reason, the business owner plays that role until the next one. Are you getting tired of your part-time or full-time bookkeepers? Why not outsource bookkeeping and accounting? We have the technology to assist you on a full-time basis yet charge you less than part-time rates. Even better, our accountants are highly trained professionals well equipped to support all aspects of your accounting and finance requirements including payables and receivables.
Accounts Payables/Receivables Management
Our accounts payable systems integrate with state-of-the-art imaging, workflow and document management systems to enable error-free, timely and efficient handling of payables. Clients can scan/fax the bills to us or we can change the billing address to our PO Box. If necessary, we can also route the bills to the appropriate managers for approval.
Upon approval, we can then enter bills, cut checks and archive scanned documents. You can then:
- Print the checks and mail them out to the vendors OR
- Have us use our bill pay service to make payments to vendors.
In both cases, we will immediately send you a statement of payments made to vendors along with a copy of the bills for your review. Periodically, we will reconcile the books with bank statements and send you a reconciliation summary.
We will also proactively manage your cash flow situation and advise you of any fund shortages.
We will coordinate with your staff to manage your billing processes as well. Since this process varies significantly across our client base, we will work with you to customize the process to fit your requirements. For example, if you use an Escrow system for billing your clients, we will transfer the billing entries from your billing system to the accounting system and make necessary entries to transfer funds from the escrow accounts to the operating accounts. Bottom-line is we will work with you to ensure streamlined billing processes.
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