The majority of business owners take care of their bookkeeping needs independently and require accuracy in order to keep up with the ever-growing economy.
Small businesses have a few options for bookkeeping services to suit their particular needs. Rates will vary depending on your choices but it’s essential to understand the needs of your business to decide on which services work the best for you. Below are three types of available bookkeeping choices including
ONLINE BOOKKEEPING
To businesses that have never used outsourced online bookkeeping services previously it may feel like a strange and slightly frightening concept. However it may just serve all your needs without realising the benefits online bookkeeping has to offer. Advances in modern technology have made outsourcing a cost-effective option for many businesses that couldn’t afford full-time employees in the past but needed more than just part-time staff.
PROS
- Work can be tailored to your needs
- No need to pay annual leave, sick leave, public holidays etc
- Management taken care of by outsourcing company
- No extra space, computers etc required
- Recruitment and training (BOSS provides all training) taken care of
- No HR issues
- No budget overruns (if your provider offers fixed fees rather than charging on an hourly basis)
- Overall costs much lower
CONS
- Must make sure you are working with a professional outsourcing firm
- Training required (unless your outsourcing provider offers this service)
BOSS has been in the outsourcing business now for over fourteen years. Outsourcing was considered something new about a decade ago and many people balked at the idea of taking up a service they knew little about and felt hadn’t been tested. Now that thousands of companies have incorporated outsourcing into their business in some form many businesses feel more comfortable in trialing this kind of service.
BOSS offers a bookkeeping service that ticks all the boxes and assists many businesses with their bookkeeping needs. Fixed fees are offered rather than hourly rate charge-outs which help companies to know how much their spending before the job begins.