Here are some frequently asked questions about our outsourced accounting and bookkeeping services:
- Why should I move my accounting and bookkeeping functions offsite?
- Won’t I lose control of my business’s finances if the books are kept by an outside service?
- Who owns my data?
- How will I access my files?
- Do you have access to my bank accounts?
- What about security?
- Do I have to leave my current accountant?
Why should I move my accounting and bookkeeping functions offsite?
If you are like most owners/managers, you take pride in the service or products your organization provides. You want to focus your time and energy on your organization’s goals and strategic plan. Outsourcing your accounting function allows you to do exactly that.
Won’t I lose control of my business’s finances if the books are kept by an outside service?
The short answer: No. You’ll actually have more control since you’ll have the time to review your management and financial reports, and make informed business decisions based on more than just your cash balance at the bank.
Who owns my data?
You do. And, if you ever decide to discontinue our service, you can simply download the data files back to your local computer.
How will I access my files?
At any time, from any Internet accessible computer, you can use your own password to access your accounting records. They are always up-to-date and always accurate.
Do you have access to my bank accounts?
We only have access to download information. We cannot access your assets. Nor can we sign your checks. You have control of your financial assets at all times.
What about security?
Right now, your financial records are available to most, if not all of your employees. Most businesses keep these in an easily accessible place, not under lock and key. We use the same level of encryption that financial organizations like CitiBank and Wells Fargo use. You can be assured that you, and only you, have access to your files.
Do I have to leave my current accountant?
Of course not. We are taking away the daily financial management tasks and headaches. Your current accountant will be grateful for accurate data that they can really use, and clean books at the end of year at tax preparation time. But if you’d like, we’d be glad to talk to you about providing business and individual tax preparation services.
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