Advantages of Outsourced Accounting Services

 

The best way to avoid the hassle of hiring an accounting firm is by outsourcing your accounting services. Hiring an accountant in-house can be a costly and time consuming process. Outsource and you'll find that it's a cost effective solution with much less stress on your business. The advantages of outsourced accounting services include: lower cost, greater convenience, increased productivity, better quality control, more up-to-date information about financial standings, and improved cash flow management. Outsourcing also provides you with the flexibility to maintain current staffing levels while still enjoying all these benefits!

Benefits of Outsourced Accounting Services

1. It’s cost effective

Outsourcing your accounting is generally less costly than hiring someone in-house. It saves you the time and money required to recruit and train, and also relieves you from paying payroll taxes, salary, insurance, benefits, time-off etc.

2. Drive core business functions

Hiring an internal accountant won’t necessarily drive revenue. Outsourcing your accounting allows you to put money toward activities that will increase revenue – developing a website, building inventory, hiring staff in sales departments, improving current products, etc.

3. Work with accounting experts

You gain access to accounting professionals who are trained, experienced, and knowledgeable in finance and accounting. They can help you better understand your finances, provide guidance, and handle complex situations and tasks.

Accounting Services are an important part of any business. While it may seem easy to do your own accounting, the time and resources spent on doing this task can be better used elsewhere in the company. Outsourced Accounting Services will help you free up more time for other tasks that need attention such as marketing or product development. This is a great way to ensure you have everything taken care of so that you can focus on what really matters: running your business.

Contact us here for Accounting services for small business.

The Ultimate Guide to Finding the Perfect Outsourced Bookkeeping Service

 

How on earth do you find the perfect outsourced accounting and bookkeeping company? I know, it sounds like a task that is impossible to accomplish. However, with this ultimate guide to finding the perfect outsourced accounting and bookkeeping company, you will be able to find the best one for your needs in no time! With these tips below, you will have all of the tools necessary to make sure that your business runs smoothly.

If you're looking for some expert help with your accounting and bookkeeping, then this post is perfect for you. Here at Outsourced Accounting and Bookkeeping we have helped many different types of businesses grow over the years. We are here to provide professional services that will meet all of your needs. Let our experts take care of your business so you can focus on what is important!

Before You Start Comparing Outsourced Accounting and Bookkeeping Services

If you're looking for online bookkeeping services, it's easy to get overwhelmed by the options available. There are so many providers that offer a variety of services and packages, it can be difficult to find a company that meets your needs. To make things easier on yourself, take some time to figure out what you need before comparing outsourced accounting and bookkeeping services.

Here is several challenges business decision-makers have that may be overcome by partnering with a best-fit accounting and bookkeeping agency.

• Data entry, duplication, and other inaccuracies

• Challenges preparing records for transfer to your accountant for tax filing

• Non-accounts are doing double duty taking on bookkeeping tasks

• Small, dedicated internal bookkeeping staff

• The time and costs of onboarding qualified bookkeeping talent are burdensome

• Need to reduce payroll costs

• Looking for an agile, flexible bookkeeping option that can scale rapidly to market changes and business growth

Contact us here for Accounting & Bookkeeping Services.

Tips to Positive Returns of Filing Tax Returns Services

 

Filing tax returns and preparation Services is one of the essential responsibilities of a good citizen that has to be followed without any delays. If you file your tax returns on time, there are many advantages which are discussed below.

Advantages of Filing Tax Returns:

Helps Avoiding Hassles:

Many people seem to believe that the last date for filing their tax is quite far away. So they keep on procrastinating the submission process. However, it is always best to be ready with your Tax Returns preparation Services before time to avoid tribulations and problems associated with last-minute filings. Tax filing services guide you in the best possible way.

The Alternate Option can Cost You:

When procrastinating, there exists a real possibility that it slips your mind to file the returns. A sum of minimum $205 is the penalty that has to be borne in case of late filing for more than 60 days of delay. Therefore it is advised to keep all your documents which help you with tax return preparation to be ready on time so that the process does not get delayed.

Create a Clean Record:

When you file your returns on time every year, you can create your financial record with the Tax department. The economic history and tax record registered with Tax Filing Services are viewed in a positive light by agencies with which you may interact with banks, VISA authorities, etc. Favorable and regular Tax Returns Services can help you achieve positive results when applying for a loan, VISA, etc. you can Hire Certified QuickBooks Expert who can help you with manage Tax Returns Services.

Correlation with Investments:

If you are seeking opportunities to invest in, it becomes very crucial for you to possess a very reliable source of your income. Tax returns are a proof that you have a valid source of revenue. Moreover, it is also an indication of how responsible you are. Immediate registration of immovable properties is possible if returns have been filed on time.

Therefore, while many people assume that filing taxes is voluntary, it is better to file them and reap the advantages associated with it. Be a good citizen and file your tax returns timely without any delays. With the help of Virtual Bookkeeping Services, you can make easy your Business and Personal tax preparation services.

At MAC, a company offering Tax return services for companies include with Individual Tax Services, Business Tax Preparation services.

We will be glad to assist you! Contact Us Here!

Tips to help you Finding a Great Bookkeeper that is right for you

 

Over the past few months I have met a lot of people in my area who are looking for a reliable and honest bookkeeper.  I have heard almost all of them state that they had a hard time finding a “good” bookkeeper.  Some of them had even been burned by there previous bookkeeper.

Tips to help you Finding a Great Bookkeeper that is right for you:

1.  Finding a Reliable Bookkeeper:

When hiring an outsourced bookkeeper there are a few “red flags” to watch out for.  First, ask the bookkeeper if they have a full or part-time job outside of their bookkeeping business.  Some bookkeepers are employed and decided to start a bookkeeping business to earn some extra cash.  Be wary of this situation.  You want to make sure that your bookkeeper’s first priority is his or her clients.  If your bookkeeper has an employer, chances are that their job will always be their first priority and you may have a hard time reaching them when you need to.  The other “red flag” to watch out for is stability.  You want someone who is local and has roots in their community, someone who isn’t planning on moving any time soon.  Ask the QuickBooks Certified bookkeeper how long they’ve lived in the area and how long they’ve been in business.  Make sure that your bookkeeper has a healthy and successful business, otherwise they may choose to close up shop and decide to get a full-time job down the road.

2.  Find a Knowledgeable Bookkeeper :

When hiring a new bookkeeper, always ask for references.  Make sure the references are current client’s of the bookkeeper and make sure you can find these businesses on the Internet.  I have reviewed other bookkeeper’s websites and have checked out their list of references.  I was surprised to see that many of the business references they listed did not have websites (or any other web listings for that matter).  This makes you wonder if these are actual businesses.

3.  Finding an Honest Bookkeeper:

One of the complaints I have heard most often is that some bookkeepers overcharge their clients.  This happens when a bookkeeper performs a task that should only take an hour or two but ends up billing the client for several hours of work.  The cause of this could be that the bookkeeper is dishonest or the bookkeeper is just slow.  Maybe the bookkeeper is slow because they are new to bookkeeping and are learning in the process or maybe they are slow in nature.  Either way, you shouldn’t have to pay for your bookkeeper’s short comings.

When hiring a new bookkeeper ask them how long it usually takes them to reconcile a monthly bank statement or set up a new company file and chart of accounts in QuickBooks.  Every client is different so it can be hard to tell a new client how long it will take to reconcile their accounts but the bookkeeper should have an average amount of time from their other clients.  I also recommend asking the bookkeeper several questions to test their skill level.  If you aren’t sure what to ask go on the Internet and search “questions to ask a bookkeeper’.  You will be directed to several sites with lists of questions to ask.

Conclusion:

When hiring a new bookkeeper you want to make sure that you hire someone who is knowledgeable, reliable, and honest.  Don’t settle for an “okay” bookkeeper.  Most counties have dozens of bookkeepers in the area.  Find a “great” bookkeeper, someone that is good match for you and your company.

Contact us here for the hire great bookkeeper for business to help you in manage your finance requirement.

How QuickBooks Enterprise Hosting Is Works For Enterprises?

 

Businesses are always looking for ways to save time and money. They have limited resources, and they need to be efficient in order to stay competitive. One way of doing this is by using QuickBooks Enterprise Hosting. These services will allow you to do everything remotely, which can drastically reduce the number of employees needed on-site as well as the amount of office space required. Not only will this make your business more efficient but it also saves you a lot of money!

The QuickBooks Enterprise Hosting is great for large enterprises with complex needs. It's the perfect solution for those who want to get their accounting up and running quickly, without having to spend a lot of capital or time on building out infrastructure.

Tips to QuickBooks Enterprise Hosting:

#1. Unhindered Mobility

QuickBooks Enterprise is the top-of-the-line solution for companies that need to have access to their data, regardless of location. With cloud computing solutions like QuickBooks Enterprise, you can manage your accounting in a way that makes sense for your business needs without being confined by geographic boundaries.

#2. Multi-User Collaboration

Multi-User Collaboration is a powerful feature of QuickBooks Enterprise that helps your accounting team work together more efficiently. With this feature, you can share data with up to 15 other users at the same time and collaborate on projects like invoices, payrolls, and reports. You don't need to worry about any one user taking over or making changes that are not approved by others because there's an approval process in place for all edits made in Multi-User Collaboration mode. QuickBooks Bookkeeping Services helps you with multiple quickbooks version.

#3. Premium Security Support

There are a few options for downloading this information, but in order to ensure that the right data is outputted, it's best to use the "Export Transactions" feature. This will go over how to set up your export preferences and then give you instructions on what exactly should be exported from your bank account or credit card company.

Final words

QuickBooks Enterprise Hosting is a unique way for large business to minimize their expenses, improve productivity, collaborate better, and protect their data from modern-day cyber threats.

If you’re already using QuickBooks Enterprise, try hosting it on the cloud to experience a modern way to complete your tasks. Reach out to one of our Solutions Consultants at (877) 761-9996 or click the below button.

Best Real Estate Accounting Tips for Agents and Brokers

 

If you're a real estate agent or broker, then it's time to start taking your accounting seriously. It doesn't matter if you're just starting out as an agent or broker and don't have a lot of clients yet - the tips will help you keep better track of your finances so that when the time comes for tax season, you are ready.

Why accounting is important for real estate businesses ?

Financial statements are an integral part of any business. They provide a detailed view of the company's financial health and allow real estate investors to make informed decisions about potential investments.

Since real estate is a capital-intensive industry, accounting is important for every aspect of the business from operating costs to acquisitions. A lack of accurate records can lead to costly errors when it comes time to pay taxes or manage projects. This will explore how accounting impacts real estate businesses in more detail and what tools they have at their disposal for success.

MAC provides professional bookkeeping and financial planning services to property managers and real estate companies. Our real estate bookkeeper team can help your business with essential accounting for real estate investors such as getting set up in QuickBooks or with advanced consulting on forecasting and strategy. Our High-experienced property management bookkeeper can help your real estate business with real estate accounting services such as getting worked on QuickBooks Online/Desktop or with advanced consulting on forecasting and strategy.

Read More: https://www.myaccountsconsultant.com/real-estate-bookkeeping-services/

Top 5 Must-Have Ingredients of Restaurant Bookkeeping

 

The recipe for success when it comes to restaurant bookkeeping is quite simple. The five ingredients are: a clear, concise plan, accurate records, timely updates, professional guidance and proper attention.

A clear plan will help your business thrive in the long run and make sure that you're on track with what needs to be done while also helping you avoid costly mistakes. Accurate records are essential if you want to know where your money goes - whether that's expenses or profits! Updating those records as soon as possible can help save you from errors down the line like double-charges or missing deposits.

1. Record Sales Daily:

It’s dangerously easy to fall behind on recording your sales. In fact, one of the reasons that bookkeeping for restaurants is often a mess is simply because owners and managers fall behind on basic tasks. To stay up to date, make a habit of copying or importing the sales from your POS system into your accounting software each day. What you’re aiming for are books that correlate with your bank statements. If you save up all those credit card charges for a weekly or monthly deposit, you’ll have a hard time doing analysis later.

2. Reconcile Bank Statements Every Month:

Yes, your bank statements should be reconciled every month. No, it’s not a good idea to let them sit around for 3, 4, 5, or more months. If you’ve forgotten to enter a payment or a sale in your books, but that payment or sale has been processed by your bank, it will be easier to correct the error if you catch it quickly. In an extreme case, not knowing how much you really have in the bank could lead to bounced checks.

Read More: https://www.myaccountsconsultant.com/restaurant-accounting-services/