Most medium or larger size companies have their own accounting department which processes their Accounts Receivable, Accounts Payable, Payroll, General Ledger, and Financial Statement Reporting.
This makes financial reporting and operations run more seamlessly and medium to large sized businesses have the information to run their business. They have the revenue and capital to hire an experienced bookkeeper, AR Clerk, AP Clerk, Controller, and CFO.
This makes financial reporting and operations run more seamlessly and medium to large sized businesses have the information to run their business. They have the revenue and capital to hire an experienced bookkeeper, AR Clerk, AP Clerk, Controller, and CFO.
What About Small Business Owners (SBO)?
Most SBOs usually does their own Bookkeeping, Accounts Receivable, Accounts Payable, General Ledger, and Financial Statement Reporting. This leaves the SBO with very little time to perform revenue generating activities. And even worse, an SBO who is doing everything including their own accounting can make mistakes that could eventually cost them more money. Below are examples that SBOs experiences when they do a poor job of accounting.
- Overpayment of Income Tax
- Penalties for underpayment of taxes and late filling
- Accrual of Bank Charges for Non-sufficient funds
- Late payment fees from vendor billings
- Losing a sale for failure to track inventory,
- Disgruntled Employees for incorrectly calculated payroll,
- Dissatisfied clients for incorrectly posted payments
What services can an outsourced bookkeeping package provide?
We can provide you all the services that your dream accounting department can provide. We can save SBOs Time and Money.
Accounting Service
Income Statement, Balance Sheet, Statement of Cash Flow
Annual Budget, Budget Vs. Actual Reports Print Your Invoices In Your Office Aging AR and AP Reports Printing Your Check from a Check Printer In Your Office Online Bill Pay Answer Routine Questions from your clients and vendors Handle Your Billing Disputes Dispute Charges On your Invoices / Credit Card Statements / Bank Statements Forward AR Delinquency to Collection Agency Inventory Management Designated 800 Number for Your Clients Use A Specialized Accounting Software You Already Own Option Not To Buy An Accounting Software | Regular Accounting Department
Yes
Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No | Virtual Accountant
Yes
Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes |
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services
Philadelphia Bookkeeping Services, Bookkeepers in Philadelphia, Bookkeeping Services