What are the BENEFITS of Outsourcing Accounting and Bookkeeping services?
Businesses of all sizes are struggling amid the economic fallout from the coronavirus pandemic. Yet despite these hurdles, some small businesses are weathering the storm, keeping their doors open, actually growing and expanding their client base. How is that possible? Successful business owners recognize the benefits of outsourcing their Accounting and Bookkeeping Services which allows them to focus on their core competencies.
All small business owners face common struggles such as losing focus, finding the right team, keeping cash flow on track and adapting to new marketing channels, to name a few. The pandemic has increased these struggles astronomically. The current environment requires business owners to maximize their return by freeing up their time to do what they do best. This is where business consulting services becomes a must for any business.
Most people think outsourcing Accounting and Bookkeeping is only about cost-saving, but that’s NOT all. Here are some of the top Benefits of outsourcing:
Outsourcing helps your business grow faster, stronger, sustainably by freeing up your valuable time. As a business owner you should focus your efforts on growth and survival not punching the numbers
Outsourcing provides a team of experts at your fingertips which increases your service delivery capability
You reduce overhead costs by paying only for actual work done - no payroll taxes, vacation, sick leave, benefits, training, etc.
Improved productivity and work quality which means an increase to your Bottom Line
Provides more flexibility - you control how large or small your Team needs to be in order to meet client needs
Outsourcing allows you to focus on core activities that make your business profitable without sacrificing quality or service
When considering how outsourcing can help, especially during these unprecedented times, do your homework. Business owners need to make sure they partner with an outside firm whose expertise will add value.
The Team at Bottom Line Strategies has over 30 years of Accounting and Bookkeeping experience making us an expert in the field of Outsourcing. We enjoy working with other like minded Entrepreneurs and helping them weather the storm and achieve success. We recognize and empathize with the unique struggles of our clients and are proud of our shared successes such as:
Overseeing all aspects of the Paycheck Protection Program and the Economic Injury Disaster Loan Program - securing almost $1 million in funding for our clients. Alleviating the immediate money worries was a top priority for our Team
Tracking the numbers and collecting all of the required paperwork for the PPP Loan Forgiveness - after securing funds for our clients our next step is to ensure the maximum amount is forgiven
Constantly monitoring ongoing changes and Executive Orders relating to coronavirus relief
Successful negotiations with 90% of our clients’ outside vendors to secure reductions in overhead costs
Financial analysis reports that paint a clear picture of the financial health and struggles caused by today’s economic downturn - allowing our clients to make reliable decisions
Helping our clients expand operations into other areas - change has been a necessity for survival
Today’s challenges are crushing the business landscape. Bottom Line Strategies is here to help by providing top-notch expert Accounting, Bookkeeping and financial reporting services. Give us a call today and share your needs and concerns - we’re here to help!