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Is it Better to Hire a CFO or Outsource Your Small Business Financials?

How many people are employed by your company? If you need to bring in a specific skill set to help with your business goals, then the first inclination is often to post a job opening and hire another employee. While there’s nothing wrong with hiring employees, it is important that you consider the needs of your business and all of the options that are available.

Not only will you take on the financial burden of one more salary to pay, but you also need to oversee the in-house management of an additional person. So, you should evaluate your motivations for hiring another employee, and also consider the benefits of outsourcing if it makes sense.

Today we are going to compare the options that you might be considering if you need help with your business financials: in-house bookkeeper or accountant, hiring a CFO, or outsourcing the tasks to an experienced team.

Be Prepared if You Hire Another Employee

If you are hiring an employee to help with business financials, then you probably need someone to assist with basic bookkeeping tasks, such as tracking transactions and cutting paychecks. On the other hand, a high-level executive can be helpful if you need assistance with bigger financial decisions.

It can be a hassle to go through the process of finding the right employee that will fit the scope of work that you need. Plus, you will need to ensure that a good onboarding program is in place to help the employee learn more about the in-house practices that you are using.

On top of the logistics of bringing another employee into the office, you also need to think about the monthly costs that will need to be covered. Most small business owners only think about the salary that will be paid. But, you shouldn’t overlook the additional costs that come with employees: employment taxes, benefits, office space, equipment, and more.

The salary is just the starting point… with many other cost burdens that will need to be carried by your company. These expenses go up exponentially if you are hiring a top-level executive instead of an entry-level bookkeeper. You will spend more money for an experienced CPA or CFO compared to the costs for someone who is only looking after the books.

Outsourcing for Efficiency and Affordability

In comparison, outsourcing gives you the access to the skill sets that are needed without the hassle of bringing another employee onto the team. You can hand the financial tracking responsibilities to an experienced team. But, there is no need to pay the costs of a full-time employee or benefits.

Many small business owners see the benefits of outsourced accounting. These services are growing every year, giving you more access to the best in the industry without the need to hire an employee. It is a win-win situation: accountants and bookkeepers love the freedom of self-employment, while small business owners can minimize costs and maximize profits.

What Skills Do You Need?

Whether you are hiring an employee or choosing an outsourcing team, you need to consider the tasks that should be addressed and the skills that need to be provided. If you don’t know a lot about business finances, then it can be hard to know if you should hire a basic bookkeeper, accountant, or CFO.

Here are a few questions that you can ask to help you identify the skill set that will fill your needs:

  • Do You Need Someone to Manage the Invoices and Paperwork? In some cases, business owners already have an accountant to handle tax filings. But, it can be a challenge to keep up with the invoices that come through the office each day. If you are looking for a person to oversee the filing and data entry, then a bookkeeper might be the right solution. There’s no need to pay someone with more experience if you won’t be using their services for financial analysis or tax preparation.
  • Are You Looking for Help with Tax Preparation and Strategy? Then, you will be best served to hire a CPA to oversee these tasks. A CPA knows the current tax laws and they can help with the strategy of minimizing your tax burden. Their job is to make sure that you are staying in compliance with the various state and federal regulations. In most situations, a CPA will keep the financial records and perform regular audits to ensure the quality of the reports. At the same time, they also take care of the reports and paperwork necessary for tax filing. If you face an IRS audit, then a CPA will assist with the proceedings.
  • Do You Need an Expert to Forecast the Future and Design a Financial Strategy Around Your Business Plan? Then, a CFO might be the right answer. CFOs don’t handle the busy work like invoice data entry or payroll processing. Instead, they are looking at the way the numbers are working out to anticipate the future of your business. A CFO can help with the capital structure of your company, as well as assisting with fundraising and relationships with investors. The goal of a CFO is to help a company sustainably reach peak performance levels, helping to improve company profits.

CPA vs. CFO

The benefits of hiring an accountant are if you need someone to oversee your business finances to ensure that the reports are accurate and you are maintaining compliance. A CPA can also assist with clarification of tax law, as well as preparing and filing the tax paperwork. If needed, these skills might encompass other financial tasks such as bookkeeping, payroll preparation, and more.

On the other hand, a CFO is needed if you require higher-level financial analysis. Don’t hire a CFO if you just need help with tax preparation! Instead, a CFO offers the skill set to bring insight and top-level strategy for the operations of your company. CFOs focus on the future of the business, forecasting, anticipated cash flow, and long-range planning to help the company grow. In comparison, CPAs are usually focused on reporting and accuracy of historical data.

One of the biggest mistakes that growing businesses make is hiring an accountant and assuming that they will get the full long-range strategy and business plan designs that should be coming from a CFO. Accounting services are perfect if you need tax strategy services. But, you need to tap into the expertise of a CFO if you need forecasting and financial strategy.

Best Solution? Regular Accounting with Occasional CFO Services

If you are running a start-up or small business, then the highest priority is to make sure that you are maintaining regular accounting services to keep up with the daily financial tracking and reporting. Your accountant can oversee company assets and offer the technical financial knowledge that you need as you are making decisions along the way. Accounting services are also essential to make sure that you are current with internal auditing.

To sum it up, most small businesses need accounting services for tax preparation and more. But, not all companies need to bring on a CFO. Instead of hiring a full-time CFO, consider the benefits of occasional consultations until your company is strong enough to carry the costs of a full-time CFO. In the meantime, don’t harm the future of your company by cutting corners on accounting services. These regular financial skills are essential to make sure that you are staying on track and keeping up with the cash flow demands for your company.

Accounting Services Will Boost Your Results and Decrease Your Stress

Most business owners will agree that hiring an accountant is one of the best decisions they made for their company. Your accountant can take responsibility for the financial reports. Instead of crunching the numbers, you can turn your attention to the business development activities that will help your company grow.

If you want to expand your offerings and help your company grow, then it is essential that you hire a CPA to assist with your tax strategy and preparation. These services are key so that you don’t have to carry the financial responsibility on your own. Plus, you will make better business decisions when you always have accurate financial reports to assess the current status and anticipated cash flow for the year.

Is it time for you to bring in the accounting skills that are needed for your small business? Instead of spending the cash on a full-time employee, consider the benefits of outsourced accounting. You will have full access to an experienced team while saving money on your monthly cash flow at the same time.

Our team at Easier Accounting specializes in these accounting services for start-ups and small business owners. We invite you to call us today to learn more about the options that can support your business goals. We will cater the services to match the needs of your company, helping to create the long-term success that you are working hard to achieve. Call today to learn more about the services that we offer: (888) 620-0770

6 Steps to Help You Get Started with Outsourced Accounting

Financial management in your business is arguably one of the most important responsibilities that will impact your future success. If you fail to keep up with accounting and financial tracking, then you could be facing cash flow problems and other avoidable issues. Unfortunately, too many small business owners are carrying so many responsibilities that they can’t keep up with the financial requirements of running the company. One option that you might consider is to look for outsourced accounting services.

Most business owners know that financial tracking and accounting is important. But, they just don’t have enough hours in the day to keep up with these tasks. When you determine that you need help with bookkeeping and accounting, then it might seem like a logical choice to hire another employee. Instead of rushing into the decision to bring on another employee, consider the benefits of outsourcing these tasks.

Not only will you find flexibility in the accounting packages that are offered, but you will also see that outsourced accounting is a great way to reduce overhead costs. Outsourcing is much more affordable compared to hiring another full-time employee! You don’t need to worry about office space or computer equipment. Plus, you can tap into the accountant’s expertise without paying a full-time salary every month.

If your workload is adding up and you can’t keep up with the ongoing demands of owning a company, then we invite you to talk to our team for more information. Here at Easier Accounting, we are always available to answer your questions and help you choose the right outsourcing solutions for your business.

Here are a few steps to help you get started with outsourced accounting:

Step #1: Be Clear about the Tasks You Want to Outsource

It can be hard to hire the right outsourcing team if you aren’t clear about the scope of work that you need help with. Instead of looking for a general outsourcer, find a team that offers specialized experience in the areas where you need the most help.

For example, instead of saying that you want to hire an accounting expert, put together a list of specific tasks that you need the outsourcer to do. For more business owners, accounting outsourcing often includes some of the time-consuming tasks that are difficult to manage:

  • Payroll
  • Bookkeeping
  • Accounts Payable/Receivable
  • Tax Preparation and Filing
  • Financial Reports
  • And More

Being clear about your goals will make it easier for you to find the right services that match the needs of your company.

As you are preparing this list, it is helpful to have information about the financial transactions and needs of your company. Your accounting team will likely ask for information regarding the number of transactions that move through your account each month, annual revenue, the number of clients that you have, and the number of employees that are on the payroll. Providing these details upfront can help you see if the outsourcing team can support your business needs.

Step #2: Find an Outsourcing Team with Experience

While it might be tempting to pass the busy work to a stay-at-home mom in your family, you might run into many issues because of the lack of experience and subpar workflow. The best solution is to find an experience outsourcing team that has many years of experience in the industry. Tapping into this expertise reduces the likelihood of problems so that you are prepared to set your business up for success.

One thing to consider is the size of your company and the experience that the accounting team offers for various types of companies. For example, if you are a small business owner or a start-up company, then make sure that your outsourced accounting team has helped with similar types of companies. This hands-on experience is an optimal way for you to avoid common problems that are encountered by business owners.

Step #3: Consider the Costs

One of the reasons why small business owners avoid outsourcing is because they are worried about the associated costs. If you are boot-strapping to get the business off the ground, does it make sense to spend money on outsourced services?

The truth is that outsourcing is usually more affordable than hiring a full-time employee. When you are working with outsourcers, then you can pay for the time that is used, rather than supporting the full paycheck and benefits for an employee.

Plus, you need to consider the opportunity costs of forgoing these services. For example, if you are managing your own tax filing and you don’t have a lot of accounting experience, then it is likely that you are missing out on important write-offs. These mistakes could cost you thousands of dollars in tax expenses over the years. Instead, it is better to let a team of professionals handle the details so that you have an optimal outcome for your tax filing.

You can set a monthly budget for outsourcing so that you know how much these services will impact your overhead costs. Then, look at the potential financial benefits that are possible in the future. Having a team of accounting professionals can be the best thing that you can do to improve your business cash flow and avoid common problems that are encountered by small business owners.

Step #4: Compare Your Options

Now that you have decided that outsourcing is right for your company, the next step is to compare the companies that offer the services that you need. Don’t limit yourself to your local area! Many accounting services and other types of outsourced services can be completed remotely. There is no reason to meet with the outsourcing team face-to-face.

Limiting your choices to the local area will decrease the options that are available. Instead, focus on the services that you need and don’t worry about the location of the outsourcing team. The only consideration is to ensure that you choose an accounting company in the United States so that the team is familiar with the local laws regulating tax filings.

As you are comparing companies in the industry, look at the reputation of the various outsourcing teams. Online reviews and business information can give insight into the company so that you choose a team that you can trust. Since you will be handing over financial details, you need to make sure that you hire a reputable outsourcer that will use discretion with your business information.

Step #5: Schedule an Interview to Learn More

Most outsourcers will offer a complimentary consultation so that you can learn more about the services that are available. Narrow your choices down to your top two or three accounting services. Then, schedule appointments to talk to each team so that you can learn more about these companies.

This conversation will give insight into the customer service that you can expect. It is also an opportunity for you to ask questions to ensure that the services are a good fit for your business.

Step #6: Maintain Regular Communication

Now that you have a reputable outsourcing team to help with your business, it might be tempting to let them handle all of the financial details. But, you need to stay informed about the financial trends in your company. Regular meetings are important so that you can stay current with cash flow, anticipated sales, profits, and more. Your accounting team will handle the mundane busy work, and then provide the reports that are needed so that you are always up-to-date about the health of your company.

Ongoing communication is important for tax filings, payroll processing, invoicing, and more. Set a system and make sure that you stay consistent with the things that need to be addressed in the future. A good accounting team will keep you updated about the work that is being done. Make sure that your team is always available to answer your questions should the need arise.

It is common for financial questions to come up throughout the year. Your accounting team can be a valuable resource so that you can get professional advice about your company. Instead of waiting to talk to your accountant when tax season rolls around, consider the benefits of maintaining communication throughout the year.

Learn about Outsourced Accounting

Do you love the idea of hiring an outsourcing team to help with the accounting needs of your company? Then right now is a great time to schedule a consultation with our team here at Easier Accounting. We will gladly discuss your needs and help you identify the services that are a good fit for your business.

We have many years of experience in the accounting industry. Our specialty is focused on small businesses and entrepreneurs. We know the common concerns that come up for people who are getting started with new business efforts, and our goal is to help you avoid these problems.

Are you ready to learn more? The experts at Easier Accounting are always here to help! We know that outsourcing can be a powerful way for you to leverage future business results. So, we will work hard to support your financial goals and business efforts. Call for more information: (888) 620-0770

FAQ about Outsourced Accounting and Bookkeeping Services

It is common for business owners to have a long list of questions when hiring outsourced accounting or bookkeeping services. If you are bringing in outside help to manage your business books, then it makes sense that you should hire someone you can trust. Ask questions before you hand over financial details so that you can learn more about the experience and services offered by the accounting team.

Here at Easier Accounting, we are always available to answer your questions. You are welcome to call anytime if you want to learn more about improving the financial future for your small business. These are some of the questions that we often hear from business owners who are considering the services from an outsourced accounting team:

What Services are Available?

We offer a wide range of services to match the needs of each client. Instead of using a cookie-cutter approach for every project, our goal is to customize the services according to your preferences. So, we will ask questions about your business and systems that you already have in place. Then, we can make recommendations that align with your requirements.

These accounting and bookkeeping services include:

  • Monthly bookkeeping
  • Tax consulting
  • A dedicated accounting team
  • Audit support
  • Personal tax preparation
  • Business tax preparation
  • Annual tax planning
  • Payroll
  • Depreciation schedules
  • 1009-M creation
  • Conversion from accounting systems
  • Custom financial reports
  • Custom invoice layouts
  • And more!

The best thing that you can do is schedule a complimentary consultation to learn more about the services that are available. We will discuss your needs and offer recommendations so that you can choose the services that match your preferences.

How Will My Business Benefit from Outsourced Accounting Services?

Our job is to make sure that you have all your ducks in a row. We will evaluate your financial plan, keep up with ongoing tracking and reconciliation, and ensure that you are ready for tax payments and filing. These services will help you stay up-to-date regarding the financial health of your company. You won’t have any financial surprises at the end of the year when you are working with an experienced accounting team.

This information improves the likelihood that you can manage your cash flow and keep up with future expenses. Plus, you can refer to these reports when making big financial decisions for your company. Having a clear picture of the financial health of your business helps you to make educated decisions about future expenses, business development, and growth.

Why Outsourced Services instead of Hiring an Employee?

You have the option to hire an employee to help with bookkeeping and accounting. But, make sure that you understand the financial burden of bringing in another employee. Not only do you need to pay the full-time salary, but other associated costs include benefits, office equipment, office space, employment taxes, payroll, and more. These costs can add up!

Learn about the benefits of outsourcing, and you will see that you want access to the financial skills without taking on the burden of another employee. You can have your cake and eat it too… top-notch accounting expertise without bringing another full-time employee onto your team.

How Can You Manage the Books if You Aren’t in My Office?

Technology has opened up a world of possibilities for remote services. We don’t need to be in your office to look over your books. Instead, the work is performed remotely using a cloud-based software. We can view real-time information about your financial transactions, and work on financial reports and reconciliation from any location.

You can also tap into these online resources from anywhere. Even if you are gone on a business trip or out of the country for vacation, you will have ongoing access to the most current numbers for your company. This information can be accessed on your computer from anywhere in the world!

Don’t worry about security, because we always use secure methods when accessing your financial records. The could-based software is protected, offering a safe place to store your information.

Why is Cloud-Based Software Better than In-Office Accounting?

Manual accounting increases the risk of errors in the transactions. If you need to type in each transaction, then there is a possibility of missing keystrokes or typos. Instead, we have found that it is more effective to integrate a software program that imports transactions. Then, our team will review every transaction to detect potential problems.

Keep in mind that cloud-based accounting reduces the risk of losing all the financial information for your business. If your files are kept on the hard drive of your computer, then you could lose everything if the computer crashes. Or, paper copies of the records could potentially be ruined if a flood, fire, or natural disaster damages your building.

Why Shouldn’t a Small Business Owner Use a DIY Approach with Bookkeeping?

As a small business owner, don’t be fooled into thinking that you can handle the bookkeeping without the expertise from a financial professional. Most business owners are pulled by multiple responsibilities that include employee management, inventory, business development, networking, and more. You shouldn’t be wasting your time on busy work like bookkeeping and transaction auditing.

Hiring an outsourced accounting team will free up your time so that you can focus on more important tasks. You can turn your efforts to grow your business while the experts handle the financial details. As a result, you will find it easier to boost future success because you aren’t getting cause up in the busy work.

What are the Dangers of On-Site Staff Handling the Accounting and Bookkeeping?

You have the option to hand some of these responsibilities to your current staff. But, you need to evaluate the skills that the person has to offer, as well as the potential risk that could affect your company. For example, an inexperienced secretary handling the bookkeeping could result in missed transactions, mistakes, skipped reconciliations, and more. If the numbers are off, then it will have a domino effect to impact your financial reports and cash flow.

Another issue that you might face is potential fraud within the company. If you only have one employee managing the financial details, then transactions can be adjusted, and you won’t know the difference. Avoid theft and other problems by hiring a third-party outsourced team who can offer multiple checks and balances to reduce the risk of theft and fraud.

Can You Help with Taxes and Payroll?

We offer more than just basic bookkeeping and transaction management. You can expect full-service accounting solutions from our team. The monthly bookkeeping services are built around your annual tax plan. We will look at the numbers and help you put together an effective strategy to maximize write-offs and help you prepare for future tax filings.

At the same time, we can also offer ongoing support with payroll and other services that are needed. Our goal is to customize your services to match your preferences. So, we will help you identify the right monthly package to match your requirements. If you have questions along the way, then you are always invited to reach out to our team to learn more about how we can help.

What is the Difference Between Tax Accounting Services and Outsourced Accounting?

Most small business owners will talk to their accountant once a year: at tax time. Instead of waiting until tax season to work with our clients, we focus on the ongoing efforts that will maximize your overall financial success. We offer the tax preparation and filing services that you need, but these services are just a portion of your overall package.

In addition to annual tax filings, we keep up with the ongoing transactions that will impact your tax burden. This annual strategy is an important way for you to measure the financial health of your company and prepare for the future.

Will I Give Up Control of the Books if I Hire an Accounting Team?

No, you won’t give up control. You will still maintain full control over the financial books for your company. In fact, many small business owners find that they have more control after hiring an accounting team. When the transactions are kept current, you can trust the numbers that you will find in the accounting system. Then, you will be able to plan and allocate the funds as needed. You always have the final say when it comes to approving payments and invoices.

How Can I Learn More?

If you are interested in learning more about how your business can benefit from accounting and bookkeeping services, then we invite you to talk to our team here at Easier Accounting. We are working hard to provide the best services in the accounting industry. Our services are specialized for small business owners and entrepreneurs. So, you can rest assured to know that you are receiving services from a team with real-world experience in the industry.

Talk to us right away to see the benefits that are available for your company. We are here to help with anything that you need. Call today to see if our services are right for you: (888) 620-0770

Why You are Leaving Money on the Table if You aren’t Outsourcing Business Systems

When it is time to hire new talent, should you bring on a new employee or look for ways that the services can be outsourced? As a business owner, it can be a lot of work to manage employees and contractors. So, you need to be sure that you have solid systems in place to help you maximize your results.

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Changes in Hiring Trends

For many years, companies depended on a staff of in-house employees to complete their work. But, times have changed, and many businesses outsource some of their operations. Outsourced talent can be beneficial for many reasons. In today’s workplace, it is wise to consider what benefits your company could experience by doing so.

The problem is that some employers are nervous about the idea of bringing in outside talent. If the contractor isn’t employed by the company, will you lose control of the quality of work and the project outcomes? Not necessarily. The truth is that outsourcing might be the solution that you need to take your results to the next level.

When companies start to see the benefits of outsourced talent, they start to make the change to integrate more contractors and hire fewer direct employees. If you haven’t caught the vision, then we want to help you see why it might be smart for you to incorporate these changes into your organization.

Save Money with Outsourced Talent

It is easy to forget how much a single employee can cost your company. You might look at the salary and see the base wage that is spent on that individual. But, you also need to consider other employment expenses that can add up over time. It can be difficult to calculate all of the expenses since there are so many factors that increase the cost of doing business when you bring on another employee.

The costs of hiring an employee can include a variety of expenses, including:

  • Salary
  • Employment Taxes (Social Security, Medicare, FUTA, State Unemployment)
  • Worker’s Compensation Coverage
  • HR Management
  • Office Space
  • Health, Vision, and Dental Insurance
  • Retirement Savings Accounts
  • Computers and Equipment
  • Onboarding and Training
  • Paid Time Off
  • Recruiting Expenses
  • Cost of Payroll Processing Services
  • Legal Fees
  • And More

As a general rule of thumb, you can expect to pay 10% on top of the employee’s salary for taxes. Then, the other non-tax expenses still need to be added on top of this figure. Not only do you need to meet regulatory requirements, but you also need to be sure that you are providing the benefits that many employees expect.

Instead of increasing your overhead by paying for all of these expenses, a cost-effective solution may be to bring on a contractor who has the experience that you need. You can save the 10% cost for employment taxes because the contractor is required to manage their own withholdings and other taxable expenses.

Since the contractor doesn’t work in the office, you may not need to provide office space, equipment, supplies, or any of the other miscellaneous tasks that can add up over time. Additionally, you can save the money that would have been spent on benefits such as Paid Time Off, health insurance, and more.

Maximize Output and Manage Payable Hours

Hiring an employee means that you will need to pay them for every hour that they spend in the office. But, a contractor is only paid when they are performing work that applies to your project. For example, when employees take paid breaks or spend time talking to coworkers instead of completing the required tasks, you are still paying them for the hours that they are in the office. On the other hand, a contractor will charge either a flat fee for the service or they will stop billing if they step away from the project.

Many times, employees are engaged in a variety of tasks during the day. When you are paying an hourly rate, you will be spending the same amount of money if the person is filing paperwork or working on complex data analysis. There are often times when employees are hired to work full-time, but they can complete their responsibilities in 25 – 30 hours during the week. The other 10 – 15 hours are spent on menial activities to fill the time.

When you hire a contractor, that person brings a specialized skill set that will be used, without the need to pay for busy-work to fill the rest of their time. You can pay a certain amount for a specific number of hours each week, and the contractor spends the rest of the week working for other clients. As a result, the contractor can maximize their income, and you don’t have to bear the burden of paying a full-time salary for that person.

Leveraging Business Results for the Future

Another financial factor that needs to be considered is the way you are leveraging results to create future success. One reason you might be leaving money on the table is that you are spending your time on busy work instead of business management.

Business owners carry many responsibilities throughout the day. It is common for an owner to be involved in employee management, product development, and data entry during different times of the day.

But, you need to consider the best use of your skills and how you can increase your personal performance. If you are spending a part of your day on busy work that could be outsourced, then you are possibly stunting your business by spending your precious time on other more profit-generating activities.

For example, how much time do you spend on things such as data entry, payroll processing, and filing paperwork? These tasks are important to maintain the organization of your company. But, they are things that can be outsourced to specialists so that you can focus on the higher priority tasks. As the owner of the company, you shouldn’t be wasting your time with the busy work!

Some business owners continue these tasks because they don’t want to bring on the burden of another employee. In the above example, it can seem like an expensive solution to bring in a full-time employee to handle financial tracking, bookkeeping, and reporting. Instead of doing so, you should consider the benefits of an outsourced contractor. A qualified contractor is an expert at their craft. The efficiency of their work will likely result in economic savings to your business, resulting in less overhead. You can be selective about a contractor with the specific skill set that you need, and you can improve your business’s systems and operations.

Better Skillset, Better Results

Contractors have the advantage of working on multiple projects in the same industry, giving them a specialized skillset that can’t be gained by working for a single employer. These skills can amplify the results that you get from the work that is completed.

To share an example, consider the benefits of hiring a bookkeeping or accounting service for your company. If you encounter a financial situation that needs to be addressed, the contractor is more likely to have the necessary knowledge from work that has been done on other projects. In comparison, an employee might not have the same depth of knowledge and experience compared to the contractor.

The best way to maximize your future results is to be sure that you construct a team of people who are working together in a synergistic way. Contractors will often give you the opportunity to test their services, allowing you to move on to another option if it isn’t working out. In this scenario, you don’t have to worry about unemployment costs or severance pay that might be required if you were letting go of an employee.

Financial Benefits for Your Company

As you can see, there are many reasons why you should consider hiring contractors instead of employees. Not only can you save money by cutting out the excess costs of an employee, but you can also infuse your business with new talent that can propel you to future success. If you want to take advantage of these benefits, then you need to look for ways that you can use outsourced services instead of hiring employees.

Are you interested in learning more about how you can benefit from outsourced accounting services? Here at Easier Accounting, we have optimized our systems to help people like you. By focusing on accounting services for entrepreneurs, small businesses, and start-ups, we can bring the specialized skills that are essential to help your financial success.

We invite you to contact us to learn more about the ways that we can help your company. Don’t rush into the decision to hire a full-time accountant for your company. Instead, we encourage you to talk to us so that you can see the benefits that are available from outsourced accounting. We are here to help!

Call our team at Easier Accounting to ask questions and get information about the services that can be customized to match the needs of your organization: (888) 620-0770

 

The Irrelevancy of Location When Hiring New Talent

If you are looking to hire someone to help with a specific aspect of your business, then you might look outside of your local area to find the best services that are available. Many people get stuck in the rut of assuming that they need to hire an individual or team that can meet in person each day. But, the internet has opened up many opportunities to connect with people around the world.

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Leveraging Specialists and Saving Money

Smart business owners have learned that they can access specialists in different parts of the country. You have the option to hire employees who work remotely. Or, you might consider the benefits of sticking with contractors instead of employees.

With a good internet connection, it is possible for team members to complete their work tasks and deliver results digitally. You can meet face-to-face using computer programs such as Skype or Zoom. These tools have opened a wide world of possibilities, giving you access to strong talent regardless of location.

Using Digital Platforms to Delegate Responsibilities

There are a variety of systems that you can use for task delegation. The trick is to manage communication so that your team members know where to look to find their list of responsibilities. These tasks can be managed in real time, giving you instant access to see the tasks that have been completed.

For example, if you hire an outsourced accounting team, then you can always log into the accounting system to see the transactions that have been recently updated. Additionally, you have access to reports and information that will keep you up-to-date about the success of the business. This information can be accessed without the need to work with someone in person.

Benefits of Outsourced Services

If you choose to hire an outsourcer instead of an employee, there are many benefits that can be enjoyed. The most obvious benefit is the reduction in cost. A contractor maintains their workspace and equipment, so you don’t need to provide an office for them to work in each day. Another way the costs are reduced is that you don’t have to provide benefits such as health insurance or paid time off.

Even though you are reducing costs, it doesn’t mean that you are reducing the quality of skillset. In fact, some people find that they can access higher quality workers when they choose an outsourced solution instead of hiring local employees.

At Easier Accounting, we offer outsourced accounting services to simplify your business finances. Call us today to learn more about the benefits of our services: (888) 620-0770