How to Outsource Accounting and Bookkeeping Services in USA? 

In today's competitive business landscape, U.S. companies are constantly seeking ways to streamline operations and maximize profits. Outsourcing accounting and bookkeeping services has emerged as a powerful strategy to achieve these goals. 

What benefits does outsourcing accounting offer in the USA? 

How does outsourcing accounting help businesses in the USA save money? 

Outsourcing allows businesses to reduce overhead costs associated with hiring and maintaining an in-house accounting team. This includes salaries, benefits, training, and office space. By outsourcing, businesses can often access highly skilled accounting professionals at a lower cost than hiring full-time employees. 

What expertise can businesses gain by outsourcing accounting?  

Outsourcing firms specialize in accounting and have teams of experts who stay updated with the latest regulations and best practices. This expertise ensures accurate financial reporting, compliance with tax laws, and strategic financial advice tailored to the business's needs. 

How does outsourcing accounting help businesses focus on their core activities?  

By delegating accounting tasks to professionals, businesses can free up internal resources and focus on core activities such as business development, customer service, and product innovation. This can lead to increased productivity and growth opportunities. 

How does outsourcing accounting provide scalability?  

Outsourcing allows businesses to scale their accounting services according to their needs. Whether it's handling seasonal fluctuations or expanding into new markets, outsourcing provides flexibility without the constraints of hiring and training additional staff. 

How does outsourcing accounting improve efficiency?  

Outsourcing firms use advanced accounting software and streamlined processes to ensure timely and accurate financial reporting. This efficiency helps businesses make informed decisions based on up-to-date financial data. 

How does outsourcing accounting mitigate risks for businesses?  

Outsourcing firms implement robust controls and compliance measures to reduce the risk of errors, fraud, and regulatory penalties. They also provide insights into financial risks and opportunities, helping businesses navigate challenges more effectively. 

Let's consider an example. Imagine a local bakery that decides to outsource its accounting functions. By doing so, the bakery can allocate more time and resources to baking new recipes, improving customer service, and expanding its product offerings. The outsourcing partner handles tasks such as managing accounts payable, processing payroll, and preparing financial statements, ensuring accurate and timely financial information. 

This allows the bakery owner to make informed decisions based on real-time financial data, such as identifying which products are most profitable and adjusting pricing strategies accordingly. With the burden of accounting lifted, the owner can focus on enhancing the customer experience, exploring new market opportunities, and ultimately growing the bakery business. 

In this scenario, outsourcing accounting not only streamlines financial operations but also empowers the bakery owner to strategically manage and scale their business more effectively. 

How our accounting experts work? 

Have you ever wondered what happens to your receipts, invoices, and bank statements once you hand them to an accountant? Explore how our accounting experts work! We'll show you the step-by-step journey of your financial data, making it clear and easy to understand, ensuring transparency and confidence in our methods. 

Here at BookkeeperLive, we understand the importance of safeguarding your organization's financial information. We prioritize data security and confidentiality, ensuring your peace of mind. 

Understanding your needs 

Before we begin working together, we take the time to understand your specific needs and expectations. This allows us to tailor our services to ensure we deliver the exceptional quality you deserve. 

Client confidentiality

We take data security seriously. To ensure your information remains confidential, we require all team members to sign a Non-Disclosure Agreement (NDA) with appropriate clauses. 

Gathering Information

To complete your accounting tasks efficiently, we will request the following information from you: 

• Documents for finalizing your books of accounts. 

• Information necessary for tax preparation. 

• Sales return data. 

Delivering excellent results

Our team of experienced professionals utilizes their expertise to deliver high-quality accounting services. We are confident you'll be impressed with the results. 

Accounting and tax software expertise

We are proficient in a variety of popular accounting software programs, including: 

• QuickBooks Online 

• QuickBooks Desktop (Enterprise, Premier Accountant, and Pro) 

• Xero 

• ZohoBooks 

• Sage 

• Freshbooks 

• Turbotax 

• UltraTax 

• Drake 

Flexible task management

We understand that different clients prefer different project management styles. We are happy to adapt to your preferred tools, including: 

• JetPack 

• Trello 

• Toggl 

• BaseCamp 

• Zoho Projects 

• Clockify 

• Workfolio 

If you have another system you prefer, let us know and we'll be happy to accommodate your request. 

Secure data transfer

We offer several secure options for data transfer, including: 

• Email encryption (for smaller files) 

• Secure cloud storage platforms 

Remote server options

For clients who require additional data security or control, we can set up secure remote servers accessible through: 

• Remote Desktop Protocol (RDP) 

• Cloud-based remote access services like Citrix 

Transparent billing 

BookkeeperLive offers a flexible billing structure. You only pay for the work completed and approved by you, with no minimum monthly commitment or fixed retainer fees. We believe in fair and transparent pricing. 

Here's how it works: 

• Our hourly rates decrease as the number of hours worked in a month increases. (Details provided in the attached flyer) 

• After each completed task, you receive a detailed worksheet. This worksheet includes: 

• Description of work performed 

• Time period covered 

• Review notes 

• "Ask My Accountant" account entries 

• Time spent on the task 

• Your monthly bill is a sum of the hours documented in these worksheets. 

For Ad-hoc clients 

If you require assistance with a one-off task, we can provide an estimated number of hours needed to complete the work. We will only proceed with the task once you approve our estimate. 

BookkeeperLive: Your trusted partner for financial success 

BookkeeperLive provides a complete and flexible outsourced bookkeeping service to help businesses concentrate on their main activities and succeed financially. With our expertise, advanced technology, and secure methods, you can simplify financial tasks, access current financial information, and confidently make informed decisions. Whether you run a small bakery or a growing company, BookkeeperLive is your reliable partner for financial security and future growth.