What are the advantages of outsourcing accounting and bookkeeping?
A. All companies need relevant, timely and accurate financial reports and analyses. Whether Fortune 500 or a smaller emerging business, the needs are very similar. Unlike their large corporate counterparts, small and mid-size businesses cannot afford to hire an accounting department with specialists in each area. Many companies over or under utilize the accounting employees they do hire – perhaps expecting a controller to perform bookkeeping functions or an accounting clerk to provide financial analyses. An outsourced accounting services provider, like BBBS, Inc., can provide the right services and skill at the right time. A company’s requirements may be for a CFO/controller a few hours each month for planning; a bookkeeper a couple of hours daily to maintain data entry; and an accounting clerk a few hours weekly to review the data, prepare reports and make collection calls. The key is the company only pays for the professional level it needs for the time it is needed. In this scenario
