If you’re doing all your accounting in-house, we’re about to tell you why it’s time to look at a remote access accounting service. You might think you’re getting by just fine doing it yourself or having an accountant or accountants on staff to handle the workload, but you’re wrong. Rest assured, you’re not the only one. You don’t know until you know, and there are some compelling reasons to reconsider. Take a look at three of them.
Sign Number One: You’re Always Running Short on Time
Accounting functions take time. There are so many tasks involved in keeping track of your company’s bookkeeping and financial data, and who has that much extra time? Your primary job as the CEO of your business, no matter how small or how big, is strategic decision-making. You are the subject matter expert on what your company does, and it needs you in the trenches to make sure your business stays on track, continues to thrive, and grows at a rate that is manageable and productive.
When you outsource your accounting, you take your attention and refocus it where it should be. You get back all that time you were spending trying to manage something that isn’t and shouldn’t be your job, without giving up insight into everything your outsourced firm is doing. Remote access allows you to log in and see all your info.
Sign Number Two: Your Business is Outgrowing Your Accounting Department
If you have a small to medium-sized business, you as the accountant, or one employee as the accountant, can be fine for a short time. As your business grows, so does your need for greater expertise and oversight. Using an accounting firm that offers remote access for you and your team will give you both.
When an outsourced team is available to manage your bookkeeping and accounting, you know that they can grow with you. They have the collective knowledge to handle whatever you throw at them. There are many eyes on your financial information, including yours, to guarantee security and reduce the opportunity for fraudulent behavior. As a bonus, they won’t take up valuable office space at your place of business.
Sign Number Three: You Need More Detailed Reports and Help with Data Analysis
Taking care of your own basic bookkeeping as you start your business is generally the norm, even though hiring a professional is often recommended. But as your business grows, so does your need for more comprehensive and sophisticated reporting and fiscal information. Since you don’t have the time to invest in becoming an accountant, nor do you have time to spend learning to become a Quickbooks consultant, knowing you need more from your reporting is a critical sign you need a professional to provide that for you.
This is where a remote access outsourced firm comes into play. They have the experience and know-how to create the reports that will deliver exactly what you need when you need it. Whether it’s a high-level overview of your current financial information or a specialized report to help you get funding from a specific source, they know how to do it. And with remote access, you can get them anytime, from anywhere. Not only that, but your accountants can help you understand the data put together from your financial records so you can use them to make decisions about investing, staffing, budgeting, and resources.
Whether you see the signs or are just tired of trying to wear all the hats in your business, it’s time to hand over the reins of your accounting without giving up access to it. Click or call 678-990-0924 for a free consultation to learn how a remote access accounting service can help your business.