Benefits of an Online Bookkeeping Service
One of the most rewarding things you can do is own your own business; however, without expert financials, it can also be one of the main reasons that the business fails. Therefore, it pays to take extra steps to ensure your financials are properly managed, which an online bookkeeping services can help you do. In fact, expertly prepared financials provides you with an accurate snapshot of your company’s financial performance, including your profits and losses, which can then be used to help make the proper adjustments to your budget and spending to help ensure your business continues to grow.
Outsourced bookkeeping provides many benefits for small businesses, including:
It Eliminates the Stress of Managing Your Own Books and Preparing Your Own Financial Statements
Keeping track of all your financial transactions, as well as preparing your own financial statements, can be overwhelming, especially with no prior accounting experience to help guide you.
It can also be frustrating, not to mention problematic, when filing your taxes and other financial reports because if they are not prepared properly, or according to IRS rules and regulations, it can cost you in fines and penalties.
However, when you use outsource bookkeeping, it not only helps eliminate the hassle of keeping track of your own financial information, but it also ensures your financial activities are recorded properly, and your financial reports are accurate to avoid costly penalties and fines.
We also manage your accounts payable and handle your payroll as part of our bookkeeping services.
Online Bookkeeping Service Help Save Time
Tracking and recording your own financial transactions takes considerable time, in some cases, up to hours a day, which can be tiresome and loathsome, especially if bookkeeping isn’t your strong suit, which can leave you drained.
With outsourced bookkeeping, we have a team of experienced professionals who can get the job done for you precisely and in a fraction of the time, which helps free up time in your day for other matters.
Accurate Financials You Can Trust
Doing your own financials often means there is no one else there to overlook your efforts to ensure they are error-free.
However, with our bookkeeping service, not only is our team of professionals highly experienced in bookkeeping, which helps ensure expert financials, but we also have our own in-house team to double-check each book for quality assurance, so you can rest assured knowing your books are accurate.
It Helps Eliminate IRS Fees and Penalties
Disorganized or out of date records can cause you to complete false financial reports, which can land you in trouble with the IRS and other governmental agencies.
Not only can our bookkeepers help make sense of your current financial record-keeping, but they will also bring them up to current standards, which helps ensure you provide accurate reports to avoid IRS penalties and fines.
It Helps Prevent Missed Tax Deductions
Disorganized or unkempt records also prevent you from seeing your company’s true or real financial potential, which can not only cause you make bad business decisions regarding the future of your business but also cause you to miss many opportunities for tax deductions that can help save money on your tax bill, which can be used towards future projects.
As part of our bookkeeping service, we not only pride ourselves on keeping accurate records, but we also audit your books on a regular basis, as well as the end of the year, to ensure you are always presented with a clear view of your financials that can the be used for making sound business decisions, gaining tax deductions, and more.
Not every business is the same or requires the same style of bookkeeping, which means using a one size fits all approach to your bookkeeping can leave you confused and out of touch with your own records.
We customize each of our bookkeeping services according to your specific business and needs, which helps take the confusion understanding your books for greater confidence when analyzing your own financial performance.
Your business is constantly engaged in various financial transactions as a result of day to day business, which means your financials are changing all the time; therefore, your books need to also reflect these constant changes in order for you to make sound decisions at any given time during the course of business.
However, organizing and keeping up with your own books can be time-consuming, which may cause you to put it off, in which case it can quickly lead to outdated books that can be even more hectic to get caught up and also cause you to file reports, which can result in penalties.
When you partner with us, we regularly check and adapt your books accordingly to ensure your records are always kept current. In fact, each month, your bookkeeper will review your books, and then again at the end of the year, to ensure they are always up to date.
With our service, you can also track which months are complete as well as which months are in progress for added ease.
Unlimited Expert Support
Your bookkeeper is always available to address any questions or concerns you may have regarding your books. Simply schedule a call or contact your bookkeeper in-app for fast and friendly service anytime.
Many bookkeeping/accounting services charge by the hour for their service, which can leave you guessing and gasping at the final cost. However, our charge helps takes the guesswork and surprise out of your final cost by providing you with a flat-rate fee for our online bookkeeping services, which also makes it more affordable for small businesses with a limited budget.
As you can see, expert financials provide many benefits for your business and outsourcing these bookkeeping/accounting services only helps make it more convenient and affordable for you to achieve your goals. Furthermore, making the transition to online bookkeeping services are pretty straightforward. Simply contact us to open an account to get started. We are also more than happy to address any questions or concerns you may have prior to opening an account for greater trust in us.
Portland Online Bookkeeping Services
For professional Portland Online Bookkeeping services at a fraction of the cost of any Portland CPA contact us for all your accounting solutions. Overall, outsourcing your accounting tasks to a bookkeeping company should free up your time so you can concentrate on growing your business. Yes, this type of service does involve costs, but those are probably less than employing a full-time bookkeeper, and you get the benefit of having part-time services with full-time presence.
With accurate accounting in place, you can have peace of mind that any decisions you make will be informed, considered and right for your business. Fill out our quick questionnaire for a free custom consultation or send us a message on Facebook if you have something more specific to ask.