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Three Ways Outsourced Bookkeeping Helps Your Business

There is a reason so many small to midsized companies are turning towards outsourced bookkeeping services. Their cost-effective expertise provides your company with invaluable advice and strategies to drive efficiency while saving your business time and money.

Reduce Company-Wide Overhead Costs

There are a lot of ways one could argue the cost-saving benefits of outsourcing your bookkeeping services (especially in terms of driving efficiency), but no one way is greater than the immediate reduction of overhead costs. When you outsource bookkeeping, you are not responsible for the cost of your bookkeeping team’s health insurance, sick time, vacation time, retirement benefits, payroll taxes.

Also, because you are outsourcing to experts, you alleviate the financial burden of managing staff, the stress of bad hires and the training and retraining of employees.

Protect your Company from Losses due to Employee Fraud

Unfortunately, internal fraud is more common than you might think. In fact, more than one in five small businesses will have money stolen from them by trusted employees, and the average loss is $200,000. When you partner with an outsourced bookkeeping service, you have a third party to investigate your money trail. The bookkeeping service helps by establishing checks and balances that are entirely impartial. These outsourced experts are also highly capable of spotting financial discrepancies through years of experience.

Leverage Critical Data with the State-of-the-Art Technology

If you are looking to leverage the power of your business’ financial data, your in-house expertise and technology is not enough. When you outsource bookkeeping services, you’re partnering with experts in the bookkeeping field who have access to new applications and the latest technology and, most importantly, use them every day. The analytics your outsource bookkeeping staff derives from the latest bookkeeping software and applications is extremely effective in providing a snapshot of company-wide spending and identifying cost-saving opportunities.

We help you plan, forecast and analyze your financial data
so you can get on top of your finances today to grow your
small business big tomorrow.

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Address | 810 S. Mason Road, Ste 160, Katy, TX 77450
Office | 832-437-0385
Email | admin@fas-accountingsolutions.com

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