Last Updated on Thursday, 03 September 2009 05:48
Benefits of Small Business Outsourcing Accounts Receivable (AR)
One of the most critical accounting activities for a business is accounts receivable (AR). Specifically for a small business that operate with limited capital, AR becomes very important to remain competitive. In today’s credit linked business environment, this is very relevant. By accounts receivable outsourcing, this efficiency can be much better harnessed and at a much lower cost. With the offshore service provider taking care of this aspect, the small business has more time and flexibility to attend to other core business areas like procuring orders, improving service delivery and mobilizing resources. Accounts receivable outsourcing is thus a fast emerging trend among small businesses today.
Last Updated on Wednesday, 16 September 2009 04:54
Accounting Services:
- Business/Merchant Account Setup
- QB Start-up/Training
- Record Keeping/Basic Bookkeeping
- Collections
- Account Reconciliation
- AP/AR
Business Management:
- Overall Office Maintenance
- Prepare QB reports for quarterly closeout
- Company Handbook
Business Services:
- Start up checklist
- Business Filings
- Business License/Resellers Permit/DBA Forms
Consulting Services:
- Budgeting
- Business Strategy
- Marketing
HR:
- Employee Handbook
- New Hire Packets
- Termination Checklist
- Vacation
- Benefits
Partnered Services:
- IT Consulting
- Web Maintenance / Hosting / Design
- Business Cards / Stationary
- Logo Design
Reporting:
- Profit & Loss Statement
- Balance Sheet
- Weekly, Monthly, Quarterly & Year-end reports for tax filings