It’s a ubiquitous baseline that just about anyone who keeps books or reports on P&L data has had experience with. In other words, you can’t really talk about this particular market niche without mentioning the brand. But while most professionals know QuickBooks as a software-only solution, Intuit’s financial forerunner’s offerings are much broader than that. FreshBooks is an accounting software for small businesses, freelancers, self-employed professionals, and businesses with employees.

1. It’s up to you to determine whether your business can afford an in-house bookkeeper.
2. Bookkeepers use an accounting journal or an online accounting program to keep track of each transaction and the purpose of the transaction.
3. As your company grows, you may find it harder to keep up with all your accounting responsibilities, such as payroll, tax filing, and reconciling your accounts.
4. This is why many companies look into DIY accounting systems such as QuickBooks or Xero.
5. They love the fact that we, the Atlanta chapter, implemented all of these great transparent processes through Acuity to mitigate financial risks.

Pay your team

We know how frustrating it is to have missed or unpaid invoices. Our streamlined collections cycle will decrease delinquent accounts, reduce the costs of slow paying accounts, and keep your customer relationships friendly. To learn more about how we can help, speak to one of our friendly experts today — or check out our in-depth payroll processing guide. At some point, you may find it more beneficial to move some or all of your accounting processes in-house.

Types of Outsourced Bookkeeping Services

You’ll want to set clear expectations from the start about the scope of work, not to mention how to handle any tasks outside of that scope, especially if you’re paying hourly. An early and open discussion about this can keep you from being hit with unexpected costs down the line. We’ll sync with your bank accounts and credit card statements to begin the categorization and reconciliation of your transactions. We do all the heavy lifting for you, giving you peace of mind and allowing you to focus your time, money, and resources on running and growing your business. Once you’ve signed an agreement, your service provider will need depreciation journal entry access to your data. Set up restricted user accounts, and only provide access to the systems and data that are needed for the provider to perform their tasks.

Business finances don’t have to be so overwhelming to deal with. When you outsource your bookkeeping, you take a lot of weight off your shoulders. You can hire a freelance bookkeeper, a local bookkeeper, or an accounting firm to handle your bookkeeping needs. It’s not always easy to find an outsourced bookkeeping service that works.

Acuity has been able to come alongside us every step of the way to be freelancing the consistent expert through every stage of growth. They have been an irreplaceable part of our business who has definitely been able to grow and scale with us. Our reporting capabilities offer real-time visibility into your financial performance. We provide accurate and timely financial statements, KPIs, cash flow projections, and tailored critical metrics. However, they usually offer some “assurances” that solo bookkeepers can’t.

While I value the money and business acumen in my Acuity partners, it’s the consistent demonstration for excellence and doing the right thing that I appreciate most. Ensure your employees get paid on time using a dedicated bookkeeper coupled with one of our payroll software partners. We guarantee you’ll feel more secure knowing your most precious resource — your team — is well taken care of. Our skilled professionals specialize in ecommerce, professional services, software and tech-based businesses. We grasp these industries’ unique financial needs and intricacies, along with the necessary tools for success. Virtual bookkeeping connects you with real bookkeepers via a secure, online account.

Free up time

With Bookkeeper360, you’ll get a dedicated virtual accountant who sends detailed reports on a monthly basis. If you have a Certified Public Accountant (CPA), we can handle your monthly bookkeeping and then send your financials and tax prep info to your CPA at year-end. Clean and accurate books give your accountant less work to do and, ultimately, save you money. Your dedicated bookkeeper will close your books each and every month and deliver your financial reports on a guaranteed schedule so that you can make better business decisions. Accounts receivable (AR) and accounts payable (AP) are essential accounting functions for any business. They ensure the timely collection of payments from your customers for products or services sold (AR), and management of the money you owe to vendors (AP).

If you’re tired of doing your own bookkeeping, you should consider this option. You can hire local bookkeepers or a bookkeeping team located near your company. The main benefits of such an approach include meeting with the conceptual framework accounting bookkeeper face to face, using physical records, and relying less on online payment and banking systems. Offshore bookkeeper companies are located in India and other countries, where it costs less to hire such service providers. This allows offshore bookkeepers to offer more affordable fees for bookkeeping.