FAQ: Outsourcing

Q. What is “Outsourced”, On-line Bookkeeping?

A. BYB uses the power of the Internet to provide our clients with online bookkeeping services. The technical term for this service is an ASP or Application Service Provider. An ASP allows companies like yours to rent software (like QuickBooks®) that is updated and maintained by the service provider. By using the services of an ASP, your company will experience the convenience of 24/7 access to information on a secure network server, anywhere there is an Internet connection.

Q. Why outsource my bookkeeping and controllership functions?

A. Let a professional do a professional’s job. Read about the four-legged stool. If you are like most owners/management, you take full pride in the services or products your company provides. At BYB, we feel that the bookkeeping function should be outsourced, so that you can tap into the resources and expertise of a highly skilled professional services firm while freeing up valuable time for you to focus on business strategy and goals and, in turn, reduce operating costs. By outsourcing your bookkeeping to BYB, you'll spend less time and effort training and supervising a new bookkeeper each time one leaves. If you are doing the bookkeeping yourself, you can free up precious personal and family time to take care of the ones you love.

Q. How can outsourced, on-line bookkeeping help me manage my business?

A. By outsourcing your bookkeeping position(s), your company will no longer have to endure the hiring process and lose value time and money training bookkeepers. You’ll be able to make informed decisions based on more than just your cash balance at the bank.

Outsourced online bookkeeping provides a means to give your company accurate financial data so you can determine what customers and/or products are the most successful. You can concentrate more time on the more profitable aspects of your company. This capability allows a business owner to really become savvy in investing energy and resources in the right places for the future of the company. The door is left open for you, the business owner, to do the tasks that are most important to the company’s well being.

This will allow you to reap the reward of more time to lead your company to greater creativity. You gain resources for your business to draw on that were unavailable to you before you moved to outsourced online bookkeeping. The benefits of having complete access to your information while Balance Your Books completes your bookkeeping tasks are truly the best of both worlds. You are in control while we automate and update your accounting records.

Q. Won’t I lose control if the books are done by an outside service?

A. Like most business owners you are probably out of control right now with inaccurate accounting data or staff that leave.

Q. I like having an extra employee around here to help with other things.

A. This is one objection we cannot answer. If you need someone to make coffee and fill his or her day with other small tasks, outsourced bookkeeping is not for you. But let me ask you this, “How easy is it to find a good bookkeeper that knows QuickBooks®, MYOB® or Peachtree®?” Aren’t you tired of the never-ending cycle of problems caused by the entire process?


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