Shared Accounting is an innovative service where we host your QuickBooks data on our web host along with scanned documents so that we can both have access 24 hours a day / 7 days a week.
You decide what portions of your accounting you want to do and what you want us to do for you.
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Most small businesses choose to share their accounting for several primary reasons:
- You want to be freed from paperwork so that you can focus on your core business activities
- You don’t want the hassle of hiring, training, and bookkeeper turnover
- You want the advantage of 'partnering' with someone who is up to date on the changes of tax, payroll and business rules and regulations
Take a moment to review our comparative chart and see for yourself the
benefits for sharing your accounting duties with us over hiring an internal bookkeeper.
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Internal Bookkeeper |
Shared Accounting
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| Payment | Salary and benefits must be paid whether or not work is being accomplished. | You are buying services, not hours. Pay for time actually working on account on an hourly or transaction basis. |
| Availability | If accounting is not a core competency for you, there is no replacement when the bookkeeper is sick. | There is always a person on staff to keep your books up-to-date. |
| Relationship | Employer-employee
personal relationships can create emotional attachment that often
detracts from proper professional management. | Professional
relationship between two companies brings the trust of an employee, but
employee personal problems do not interfere. |
| Turnover | Bookkeepers often gain experience and move on to work for another company.
| The outsourcing company continually is motivated to work hard and keep their client’s business. |
Time and
Resources | Employee supervision, turnover, use of your office space and/or computer. | Frees up focus from financials to focus on business strategy and goals. |
| Knowledge | Rely on one employee who may have limited training to keep your books and financials in order. | There generally is more training of employees and you can tap into the resources and expertise of a full accounting firm. |
| Information Safety | Rely on your computer and boxes of papers to save your bookkeeping. | Access to system back-up on and off-site, electronic document storage capabilities. |