The Benefits of Outsourced Bookkeeping Services

December 06, 2019

All small businesses need bookkeeping services. But those needs vary greatly from company to company. Some small businesses record and track a great number of transactions and recognize the need for a full-time bookkeeper right from the start. Many more businesses simply don’t have a need for a full-time person doing the books. Yet while businesses in the latter category might not need a full-time employee keeping the books, every business needs bookkeeping services in one form or another.

Resolution Accounting is an experienced, professional Philadelphia-area firm that has a long track record of helping small businesses fill their bookkeeping and accounting needs. And one of the reasons business owners appreciate us is that we tailor our services to the needs of each client. We don’t take a cookie-cutter approach. We meet with each business owner and get to know them and their business, their needs, and their goals.

One thing we’ve learned over time is that there are three key issues that most of our clients face at one point or another in their early stages of growth—or perhaps even later.

  • I don’t need a full-time bookkeeper.

That very well may be true. Some small businesses, especially those in the early stages of growth simply don’t have the volume of transactions to require a full-time employee to keep the books. But does that mean you don’t need a bookkeeper at all? Of course not!

Many small business owners fall into what we call “The Founder’s Trap,” where they find themselves working in areas of the business that are not in line with their skill set. Most small business CEOs are excellent salespeople and inspiring leaders—but very often, they are not experienced accountants or bookkeepers. Not only can this be a frustration to the owner, but oftentimes, the task is simply avoided because it falls low on the list of priorities. The owner gravitates toward what they like to do best – selling, seeing customers and the day to day operations. With the owner or founder handling the books, simple mistakes can be made, but not easily detected or repaired, which can adversely affect the accuracy of financial reports and statements.

So, if you don’t need a full-time bookkeeper, the good news is you don’t need to hire one. …… And, even if you have an accounting degree, it would be wise for you to take this responsibility off your plate and use your talents and gifts in other areas to grow your business.

If you don’t have a bookkeeper, you can outsource these services to an experienced firm like Resolution Accounting. Our outsourced bookkeeping services provide your business with a team of dedicated professionals on an as-needed basis. You never have to worry that your bookkeeper is out sick, or on vacation, or has found another job—YOU are our job. We’ll sit down with you and help you determine exactly what services you need and tailor a package that suits those needs.

  • I don’t have time and/or I don’t want the responsibility of overseeing a bookkeeper.

This is a healthy point of view.. While bookkeeping might seem like a more basic function in business, it is crucially important that the work be done properly.. Think about it—bookkeeping covers the recording of each and every financial transaction and reporting accurately on those transactions. It’s a vitally important area of any business.

Resolution Accounting provides you with peace of mind by offering professional oversight services. If you have an in-house bookkeeper, our accounting staff can provide oversight for your bookkeeper, with availability to address questions in a timely manner that ensure your books are correct and your financial statements are accurate. You never have to answer any questions about bookkeeping.

  • My tax accountant is asking us for financial statements on a MUCH more timely basis so they can prepare and file on time.

Preparing and filing business tax returns is a necessary exercise that every business faces. The filing of tax returns requires that you submit accurate and timely financial statements to your tax accountant. CPA firms really appreciate Resolution Accounting because we are aware of the tax deadlines and rules that apply to your company. We are committed to having accurate reports ready for submission when they’re needed for the preparation of your corporate returns.

This is another way Resolution Accounting can provide peace of mind for the small business owner—we take the responsibility off your shoulders and ensure that your books are well kept, that all your transactional records are completely and accurately recorded, and that your financial reports are ready for review when and where they need to be. Your tax accountant won’t need to bug you to get reports because we’ll communicate directly with them.

It’s time to call Resolution Accounting today

Remember, every small business needs a bookkeeper. Don’t fall into the “Founders Trap” and try to do everything yourself. Consider working with a firm like Resolution Accounting to outsource your bookkeeping and accounting services. We serve the entire Philadelphia region, including King of Prussia, Exton, the Main Line, Malvern, Chester County, Montgomery County, West Chester, Conshohocken, and more, Resolution Accounting offers Philadelphia-area small businesses professional bookkeeping services, and the cost that will fit within your budget.

Find out why businesses and individuals highly recommended Resolution Accounting’s services —send us an email or call us!

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