Outsourcing Your Accounting
The
entire accounting function of your business can be outsourced.
We can do all transaction processing, accounting, cheque
preparation, payroll, and filing off-site.
Here
is how it works: we pick up vendor invoices, deposit reports,
and other source documents from your office on a regular
basis. We process your transactions in an accounting database
and prepare cheques to pay your vendors. We deliver cheques
to your office for signature and mailing.
Janet
Southam Consulting Inc. prepares financial reports on a
monthly basis. We meet with you regularly to discuss your
financial statements and any business issues that arise.
Benefits
of Outsourced Accounting
-
Cost savings are realized due to the increased flexibility:
you only use services as needed.
- The
fixed cost of the accounting function becomes variable.
Fees will vary with the level of business activity.
- It
allows you access to professional finance and management
services at a fraction of the the cost of salaried employees.
- Reduced
year-end fees result, as accounting records are always
up to date and accurate.
- Tax
planning opportunities are available as income can be
projected prior to fiscal year end.
- Cash
flow management ensures that the company will meet its
financial obligations; or if there is a cash flow issue,
the business owner is aware of it long before the consequences
are felt.
- Government
remittances are made on time and accounting records are
in order ensuring compliance with government regulations.
- Increased
profitability due to timely financial reports and analysis.
- Lower
investment in equipment and administrative costs (computers,
software, desks, office space, and personnel).
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