Solve Your Business Financial Puzzle With a Cost-Effective Online Solution for Managing Your Bookeeping and Accouting Needs.
BOOKKEEPING AND ACCOUNTING SHOULD NOT SLOW YOU DOWN. LET US HELP SPEED YOU UP!
Your company has grown, you have a steady customer base and your revenue is increasing. You need to be able to focus more on managing and marketing to keep customers satisfied and continue to grow your customer base.
Outsourced CFO Solutions is ready to assist and help you reach the next level with our online, or “outsourced” accounting and bookkeeping services. Now you can get the services you need, the flexibility you demand and the ability to access your bills, invoices, accounts and reports 24/7/365 from anywhere with our On Demand Command Center.
Bookkeeping is the day-to-day recording of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. As a subset of the accounting process, it’s the eyes and ears of the business operation on a daily basis and functions to provide management with the data from any given time period. This is the foundation of financial information and helps supports the progress and growth of your business. Should there be a need for a business loan or line of credit, bookkeeping would be the “go to” source for this information and completion of the application.
Online Bill Payment
Credit Card Reconciliation
Sales and Cash Receipts Processing
The lines between accounting and bookkeeping are blurred. They operate very closely together but a simple way to think about it is accounting is the step above bookkeeping. Whereas the bookkeeping function is the day-to-day financial operation of the business, the accounting is the bigger picture look at things. Internal structures and systems could be built by the accounting team for the bookkeepers to follow. Accounting is also the tax referral source for the business as it requires a very keen awareness of the ever-changing tax laws keeping your business compliant. Accounting would also be responsible for setting up the checks and balances in the organization to prevent fraud and improve operational efficiency.
Here’s one way to summarize the two; The bookkeeping in your business will help you make a profit while the accounting of your business will help you pay less in taxes and help control your financial operation.
Choose Outsourced CFO Solutions, Inc. To Help You Save Your Company Precious Time, Labor, and Money by Outsourcing Key Business and Financial Services
Outsourced CFO Solutions Will Help You...
Free Up and Redirect Your Internal Staff and Resources
Keep Your Financial and Business Information in Compliance
Get a Better Picture of Your Business in Real Time
Profit & Loss Reports
Statement of Cash Reports
Accounts Recievable - Aging Reports
Accounts Payable - Aging Reports
Top Accounting Challenges Facing Your Business
- Accounts Recievable / Collections 51%
- Cash Flow 44%
- Managing Paperwork 33%
- Closing the Books Each Month 28%
- Managing Payroll 27%