A Guide to Outsourced Bookkeeping

We’re seeing a rise in freelance, solopreneurship and startup endeavors as of late. Pilot, a service conceived with these smaller scales in mind, helps organizations get professional bookkeeping help even if they’re just getting the business off the ground. It comes with fewer add-on features or upgrades, but for those who just need assistance keeping the numbers accurate, Pilot is an excellent fit. Thanks to the numerous options out there, you can find the solution that works best for your specific needs and preferences. Whether you have a small, growing, or large business, you can find a dedicated bookkeeper for all types of companies. The next important point to think about is how much you have to spend.

At LBMC, our mission is to support entrepreneurial businesses at every stage to go further. Building a robust accounting infrastructure is a foundational element of that. That’s why our outsourced accounting services are set up to provide firms with the exact level of support they need. You might also outsourced bookkeepers see outsourced accounting referred to using terms including Client Accounting Services (CAS) or fractional accounting. For the most part, these services are identical to outsourced accounting services, although it’s important to bear in mind that different providers will offer varying services.

Should you outsource bookkeeping?

That means you won’t get to spend as much face-to-face time with your accountant as you would if they were your employee. If you’re bringing in an outsourced controller to help manage your existing team, it’s necessary to carefully consider what this relationship will look like. If you’re the type of person who likes to shake someone’s hand and look them in the eye, the remote nature of outsourced accounting may require some adjustment. Some bookkeeping services can provide a full suite of bookkeeping, accounting and tax services. Examples include bookkeeping journal entries, bookkeeping ledger, bookkeeping reconciliation and bookkeeping trial balance. If you want your business to save time and money, then you should consider hiring a bookkeeping service.

Unlike most other outsourced bookkeepers on our list, Merritt Bookkeeping doesn’t offer any in-house add-ons for payroll and tax services. If you were hoping for a one-stop shop that can tackle all of your financial needs, Merritt might not be the right choice for you. What Microsoft Office is to the productivity space, QuickBooks is to the financial sector.

FAQs about Outsources Bookkeeping

An outsourced CFO should be a trusted strategic partner with whom you work intimately – not just another vendor. Listen to your intuition and find an outsourced CFO you know you can trust. Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing content. She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. If you have any questions or doubts regarding bookkeeping, then the bookkeeper is available to you.

• Remote Books Online provides first-month bookkeeping services for free for your books and will do documentation of all transactions and essential journal entries.
• It also syncs with either QuickBooks Online or Netsuite (as opposed to syncing just with QuickBooks, like most virtual bookkeepers).
• And with a one-month free trial, you can test drive their offerings before fully committing.
• In addition to keeping your books healthy, your outsourced bookkeeping service includes delivery of in-depth reports and insights to improve financial and strategic decision-making.
• In order for an outside company to easily access all your financial records, you must digitalize them and upload them to the cloud.
• Their expertise in tax matters not only simplifies the process but also ensures compliance and accuracy, potentially leading to cost savings and a smoother tax filing experience.

An experienced bookkeeper can help fix not only these issues, but also build back confidence in your finances. Your entire business can feel the effects of a healthy relationship with your bookkeeping. An in-house bookkeeper is usually considered a full-time employee, which means they would get a salary and benefits package.