Outsourced accounting is a valuable option for businesses as it offers specialized expertise without in-house hiring or training. It ensures accurate financial management, reduces errors and compliance risks, and frees up resources for core activities and strategic initiatives.
With advanced technology and systems, outsourcing also provides technological benefits such as automated processes, real-time financial reporting, and enhanced data security. Businesses can leverage cutting-edge tools and software without the need for significant investments. This not only improves operational efficiency but also allows for seamless integration with other digital systems, fostering a more streamlined and interconnected financial ecosystem. Outsourcing accounting tasks thus brings both expertise and technological advantages to businesses.
There are several industry-leading programs that help outsourced accounting providers deliver exceptional services. These include:
- QuickBooks Online is an accounting software designed for small businesses. It helps manage financial transactions and simplifies bookkeeping tasks. Users can create invoices, track income and expenses, reconcile accounts, and generate financial reports. The software connects to bank and credit card accounts, automating transaction imports. It also handles inventory tracking, purchase orders, bills, vendor payments, and payroll processing.
QuickBooks Online offers various subscription plans, allowing scalability. It can be accessed via web browsers or mobile apps, providing flexibility. QuickBooks also has hundreds of apps and add-ons that can be integrated directly to your account like Amazon, Shopify, DocuSign, and ADP. These integrations can streamline your businesses operations and reduce tedious manual entry.
- BILL is a cloud-based software platform that helps businesses manage their finances and payments. It offers solutions for automating and streamlining accounts payable and accounts receivable processes, managing cash flow, and making payments electronically. BILL allows businesses to digitize paper-based payment workflows, create and send invoices, receive and approve bills, and manage vendor and customer payment information in one place. It integrates with popular accounting software and offers features such as fraud protection, automatic reconciliation, and customizable approval workflows to help businesses stay secure and compliant with financial regulations.
- Dext Prepare is a receipt capture platform. This allows businesses and their employees to provide support for their purchases while storing the data securely online for a minimum of 10 years. Dext integrates directly with QuickBooks Online, making a normally manually intensive task seamless.
Outsourced accounting providers leverage these industry-leading programs to achieve seamless integration. There is no need for sticky notes and papers scattered on your desk with all of these great programs available to serve you and your business.
If you have any questions about outsourced accounting and finance services or would like to discuss the potential benefits for your business, please reach out to Rachel Stowell, Bookkeeper, Outsourced Accounting & Finance Services Group at Email or contact any member of our Outsourced Accounting & Finance Services Group.
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