Outsourcing your bookkeeping to Office Partners 360 will ease your financial record keeping worries daily.
Starting a small business is not that easy. As for many small businesses owners who usually manage pretty much everything in the business, handling the job as a bookkeeper is another challenge.
The developmental stage of a small business also comes with a lot of trials and learning. For some small business owners who don’t have that much knowledge in bookkeeping, they would usually find it difficult to manage their finances properly.
Part of bookkeeping challenges that a lot of small businesses face is keeping track of receipts resulting in unorganized paperwork. Small business owners may also tend to create irregular financial reports. They may also mismanage their payroll processes. As for small business owners who use bookkeeping software, poor understanding of its functions usually results in wrong accounting data.
Poor bookkeeping and accounting is one of the reasons why small businesses fail. This is exactly why it is essential for all types of businesses to have an accurate and organised bookkeeping. Good thing small business owners today have the option to outsource their bookkeeping without having to spend a lot.
Online bookkeeping options
As for small business owners who are looking to outsource bookkeeping, here are your options:
Hiring freelancers
Outsourcing to freelancers is cheaper than subcontracting bookkeeping to outsourcing companies. Also, freelancers usually charge an hourly rate. However, the downsides is that they often have their own schedules and may not be available every day as you need them. Another thing is that a lot of freelance bookkeepers don’t have that much experience in managing bookkeeping for different types of industries so it is very important to choose a freelancer that has experience in your type of business.
Bookkeeping firms
There are a lot of outsourcing companies that also offer bookkeeping and accounting services. Just like freelancers, these companies usually charge an hourly rate but with little more costs. However, outsourcing companies provide bookkeeping experts that have intensive knowledge of bookkeeping for different types of industries. They can also have different levels of bookkeepers that can work for your businesses on a day-to-day basis.
Outsourcing your bookkeeping
Bookkeeping outsourcing works wonders in small businesses. Outsourcing your bookkeeping to Office Partners 360 will ease your financial record keeping worries daily. Our bookkeeping services include, inventory, payroll, budgeting, cashflow, bank/credit card reconciliations, financial statements & reports, etc.
Let us know more about your bookkeeping requirements!
