What are the benefits of outsourcing your bookkeeping?

Outsourcing your bookkeeping allows you to:

  • Focus on your core competencies.
  • Positioning Management (owners) as a “user” rather than a “generator” of your information.
  • Receive accurate and timely information.
  • Employ up-to-date accounting technology, without the upfront costs.
  • Reduce your costs of having an accountant/bookkeeper on staff.
  • Obtain greater access to skilled people.
  • No office space is required.
  • No training is needed.
  • No Payroll taxes (EI, CPP).
  • Pay only for work actually carried out.
  • Balance Sheet – available each period. It summarizes your total business assets, liabilities and net worth at a given point in time so you can make the right decisions based on up-to-date information.
  • Monthly Income (Profit & Loss) Statement – a monthly breakdown of you sales and expenses for the current month, and a year-to-date total.

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