Starting a business is a big task, and at first, you’ll likely do everything on your own. What happens when you’re ready to outsource help? Outsourcing your accounting early on is an excellent way to ensure you still have time to work on what you love, and not get caught up in the fine details of your finances. Outsourced accountants are a wonderful resource because they’re able to do so much more than just your accounting. In this article, we’ll tell you how to build up a strong business team with an outsourced accountant.
The most basic function of your financial team is going to be bookkeeping. This means keeping track of money coming in and money going out. When you work with an outsourced accountant like us, we have software that we are familiar with and know that they are effective. Building up your team with an outsourced accountant will not only give you access to this software, but also their extensive knowledge on business accounting, tips and tricks, and more. You can expect to save money because your accounting will be done correctly the first time.
It’s traditional to have a bookkeeper on your staff in most companies. If it’s a large company, there might even be an entire accounting department. However, when you’re just starting a business in Phoenix, do you really need a full-time bookkeeper or accountant?
You might only have a handful of employees and your transactions might be quite minimal. Having a full-time bookkeeper is just going to be a drain on your finances. Instead, it makes more sense to outsource this function.
You should build up a strong business team with an outsourced accountant, especially one that is virtual like us, because it allows you to use our services as little or as much as needed. You don’t need to provide office space, software, or equipment, because we already have all of these important things. Our outsourced accountants bring greater efficiency to your growing Phoenix business!
When you build up a strong business team with an outsourced accountant, you are creating a strong financial team is much more than simply hiring a good bookkeeper and doing your taxes. Outsourced accountants serve as a greater part of your financial team and are able to advise you on future ventures, how best to use your money, what to do to save on taxes, and more.
If you’re thinking about making changes to your product, hiring new employees, starting a marketing campaign or selling your product online, these are all decisions that your financial team can help you to make. Doesn’t it make sense to go in financially prepared when you’re trying something new?
Many people think that when you outsource functions, the team that you outsource them to is only going to do the minimum amount of work and leave you in the lurch as far as everything else is concerned. This isn’t true. Your financial team is going to be working closely with you to make sure that your finances are in order. Because they are so involved in your processes, they are able to pinpoint problems in your systems and work to change them for the better.
Their entire responsibility to you is to monitor your accounting and finances. Outsourced accountants will be able to quickly find out if the information is missing if you have clients who aren’t paying, what systems can be updated and changed, and more. They’re going to be involved in the running of your Phoenix business because they also have a stake in how things turn out. We always say that our client’s success is also our success… and we mean that!
We want more than anything for our clients to succeed and we are dedicated to doing the work to make that possible. If you are interested in learning more about our outsourced accounting services and getting connected for a consultation, contact us! We would love to offer you a consultation.