Outsourced Accounting Key to Cutting Expenses

Five words or less(NewsUSA) – In today’s market, many small businesses have to understaff just to stay competitive. But that doesn’t mean they have to be weighed down by the extra work load — outsourcing job duties, like accounting, can relieve pressures while keeping things running smoothly.
“Some business owners like to have their fingers in every project and monitor every responsibility, but this can result in scattered and less-productive work days,” said Maria Reich, a partner at On Call Accountants. “Some decisions should be carefully controlled, while others must be delegated elsewhere to improve small staff efficiency. Outsourcing significant duties, like financial reporting and bookkeeping, often saves more money than employing an in-house bookkeeper and spares owners the stress.”
Faulty records can halt orders and delay bank statements, and waste your tax preparer’s precious time. Tax preparers will eat through their hourly rate if they must re-check your books and correct sloppy errors. Organizing invoices and receipts before tax season makes it less intimidating.
If you’re nearing the end of your fiscal year, and you don’t even know how the company fared, it might be time to seek outside accounting help. Avoid the nail-biting scramble of rushing to know whether you lost money this year. Reliable profit trajectories benefit from marketing and advertising efforts. Keeping track of finances guarantees that changes can be made to boost profitability and customer satisfaction.
Owning a business is time-consuming and exhausting.
Owners and faithful employees must make time for friends and family, too. Outsourcing helps productivity and pleases loved ones and children who have been begging you for dinner dates or family time. Firms like On Call Accountants are valuable resources to provide precise bookkeeping and in-depth accounting.
If you’re still wary of outsourcing or trusting an outside entity, there are ways to build your comfort. Ask potential firms or companies for detailed qualifications. Don’t be afraid to be thorough; contact current and past clients as references.
To find more information on outsourced bookkeeping and accounting services, go to www.oncallaccountants.com.

Outsourced Accounting Is Smart Business

Small businesses shouldn’t be weighed down by small staffs; outsourcing some tasks can relieve pressure and keep things running smoothly.

Some business owners like to have their fingers in every project and monitor every responsibility, but this can leave you scattered and less productive. Some decisions should be carefully controlled, but other jobs must be delegated elsewhere to keep small staffs content. Outsourcing significant duties like financial reporting and bookkeeping  often saves more money then employing an in-house bookkeeper and spares owners the stress.

Get the Most Out of Your Rental Property

Managing a rental property can be an excellent source of income in today’s economy.

A third of the nation’s households rent their residences, according to the 2010 U.S. Census Report, and that number rises as high as two-thirds in large metropolitan areas, such as New York and Los Angeles.

Given the steady demand for rental housing, it’s no wonder that individuals are investing in real estate, but there are several things property managers should keep in mind if they hope to make a profit.

Small Business Tips for Staying Afloat During a Down Economy

Small businesses are the backbone of the American economy. According to the Small Business Administration, small businesses are responsible for generating 64 percent of net new jobs over the past 15 years. And in his latest stump speech, President Obama called small businesses “the places where most jobs begin.”

Despite their value, the nature of small business makes them particularly sensitive to a volatile economy. Millions of U.S. small businesses — especially in the retail, business services and housing industries — were made vulnerable by the recent housing slump and credit crunch, causing potential customers to tighten their purse strings and making it more difficult for small businesses to obtain loans and credit. Therefore, the question becomes, how do small businesses survive during a down economy—especially when they’ve already cut costs as far as they can go?

3 Financial Tools to Help Grow Your Business

Financial management can make or break a business. For small businesses and entrepreneurs in particular, having the right tools available to run your start-up business is essential to keeping your organization on track and financially stable. Small business owners can use these fiscal management tools to keep accurate financial records, perform basic financial analysis and improve their business by assessing their preparedness for the marketplace.

Here are some sources of financial management information that will help you during every stage of creating and maintaining a prosperous business plan: