Why Outsource?
Why should small businesses outsource bookkeeping? Because most of them don’t have a dedicated Chief Financial Officer or Controller on staff, so they rely on the accounting done at the year-end. At Dashboard Accounting, a small to mid-sized business gets to see their accounting information daily. This means no more waiting to get your information from your accountant putting you at least a month behind. When data errors are not caught and rectified within a short period of times, days (or weeks) of detailed backtracking may be required to fix the mistakes. If errors go uncaught and unfixed, by the time they are caught they might be too big to fix. A simple error could end up being an expensive error with the amount of hours wasted to backtrack, possibly hiring an outside contract specialist, and/or legal or taxation problems.
A solution has been created from Dashboard Accounting. They want to be the small business accountant department. They offer book keeping service, payroll services, QuickBooks training, controller services, and much more. There is an on board CPA, Staff Accountant and Quick book Pro Advisors.
Contact Dashboard Accounting today and see how they can help drive your business forward!
Absolutely spot on Elizabeth.
It always strikes me as odd that so many small businesses try and do the books themselves, even if they do not really understand the intricacies of what they are really doing – that is where the errors can creep in!
As for the delay in producing the figures, a lot of accountants can’t get good figures back to their clients until 6 weeks after month end. It is not their fault, they are just not set up to do it! So if you don’t have up to date management accounts, how can you take informed business decisions?
Kind regards
Paul