Nixing your accounting department will be the best decision you’ll ever make for your business. Old school accounting is out and technology accountants are in. Technology is getting better and better in every industry and accounting is no exception. Switching to technology accountants allows for you to focus your energy on what is most important - your business. Outsourced accounting is synonymous for convenient, technologically advanced, and top of the line accuracy.
Benefits of technology accountants
We’re living in a time where people don’t always just work out of one location anymore. You’re always moving and shaking...as you should be! With some companies, there are often employees from all over the world working together towards a common goal. Outsourced accounting just simplifies that even further. With cloud-based accounting, there are no more physical boundaries. Let your accounting work for you, don’t work for your accounting.
When using outsourced technology accountants, you have the same full-time support that you would have if you had an in-house accountant. If you have a question, your accountant is just a phone call or e-mail away from answering it. That is, if the answer to your question isn’t already updated in real-time software that you’ll have 24-hour access to.
Another great feature that you can take advantage of when outsourcing for your accounting needs is payroll. With 100% accuracy, payroll can be taken care of for your entire business at the snap of a finger, giving you time to focus your energy on more important things.
Tax season comes around and demands everyone’s time and attention. But you don’t have extra time to spend on sorting W9s and 1099s. Let an outsourced accountant do it for you, they love that stuff. Don’t let tax season become a burden on you.
Invoicing is another great feature of outsourced accounting. For some small businesses, it can be hard to keep track of sending out invoices and collecting payments. Invoicing can be done better, faster, and more efficiently without you having to lift a finger.
Don’t worry about having to pay your bills every month. Those can be taken care of for you, on time and in full. Yet another thing to take off of your plate.
With real-time processing, all of the information that you need is updated automatically and accessible to you from the top-of-the-line software. If you find yourself needing some answers, give us a call over here at Basis365. But honestly, we doubt that you’ll have any questions. It’s so simple. Everything is online. All. The. Time.
Budgeting and Forecasting
With cloud-based accounting (you’ll learn a little bit more about what that is in a second) technology accountants are able to save you a great deal of time and money by budgeting effectively based on forecasting. Old school accounting was reactive, new school accounting is proactive. We’re able to anticipate the future of your business financials and plan accordingly.
When we think about it, there is nothing new about the services being offered. They are just being packaged differently. They are being packaged more effectively. The software that you get to use allows you to work smarter instead of harder.
Finally, the cloud. I’ve been talking about it this whole time and you’ve been wondering what the heck it is. The cloud is how we are able to do what we do. It just means that all of the information that we input is accessible to you and whoever you want in your business to be able to access it, from wherever you are. It’s a data cloud. It’s an invisible flash drive with lots of gigs. It’s accounting’s hero. All hail the cloud.
Your number one concern…
We already know what you’re worried about, and we’ve got it covered. With all of the hacks and leaks that have happened in the last few years, you should be worried. But not about this.
Cloud- based accounting has extremely secure servers and guarded access point to ensure that the only people that know your business’ financial information are you and us. You have our word.
Switching from an in-house accounting department to outsourced accounting has so many amazing benefits. It’s best you hop on board because this is where the future is headed. If you’re still not quite sure check out this article on cloud-based accounting.