Businesses are finding the advantage in bookkeeping and accounting outsourcing. By reducing these demands on your administrative staff, you free them up to directly support your business.
Bookkeeping and Accounting Outsourcing
Your business's competitive edge can depend on your company's ability to manage many areas of expertise that are not your business, but are the business of doing business.
Setting up, maintaining and monitoring monthly bookkeeping and payroll tasks is one of those areas that grows as your business grows and often reaches a point of demanding a disproportionate percentage of your business's administrative payroll dollars. The Bailes & Co., P.C. bookkeeping and accounting outsourcing staff can help correct this imbalance.
Accounting outsourcing is recognized as an effective management tool. Companies often incorporate outsourcing as a strategy in business planning. Small to mid-market companies are finding that they can give better service to their clients, produce a better product, do the job better, and do it in a more cost efficient way, by outsourcing their non-core business functions. By outsourcing accounting functions, you have put those responsibilities in the hands of professionals.
Bailes & Co., P.C. can perform your monthly, quarterly and annual accounting and bookkeeping tasks, or we can supplement your current staff to lessen the drain on administrative time. Our accounting outsourcing professionals can customize a package of services that are priced to keep you competitive in your marketplace while taking this headache out of running your business.
Monthly Bookkeeping & Accounting Outsourcing Options:
· Pay bills by preparing computer cash disbursement checks
· Record receipts, prepare bank deposits and input credits
· Payroll by computing and preparing checks
· Prepare payroll tax deposits
· Prepare bank reconciliation
· Generate trial balance and financial statements
Accounting
We can perform all the functions of an in-house accounting department at a fraction of the cost:
· Paying vendor bills
· Invoicing customers
· Preparing payroll and related reports
· Bookkeeping
· Monthly financial statements, reporting and analysis
· Budgeting and forecasting
· Prepare payroll rax returns
· MAS 90 software consulting
· Quarterly analysis & reporting
· Analysis and review of quarterly financial results
· Annual accounting & tax services
· Prepare W2s and 1099s
· Prepare W3 and state reconciliations
· Prepare personal property tax renditions
Start-Up Services
The professionals from Bailes & Co., P.C. can provide guidance regarding costs and benefits of the choice of business entity, including tax ramifications, legal protections and various employee benefits options for businesses in the start-up phase. We can help complete and submit federal and state applications for identification numbers. Our accounting outsourcing professionals can also make arrangements for withholding state and sales tax and assure accurate bookkeeping. We can also give valuable professional opinions on accounting and database software selection, customization and implementation. We can set up the chart of accounts and provide staff training for newly implemented procedures and software.
Accounting Software Solutions
Your company's accounting software should reflect an integration of business process, technology and finance/accounting requirements to support your business and accurately report your business taxes. Bailes & Co., P.C. accounting and technology professionals can work with your management, finance and accounting staff to screen, select, and custom install an accounting software solution that is best suited to your business. Quickbooks and Peachtree are two of the most popular and widely used general business accounting programs. Our accountants and bookkeepers are well experienced in Peachtree, QuickbooksPro, Business Works and Wolfepak installation, implementation and training of these solutions in your office. Through our partnership with BEST we can also offer a higher level accounting solution, MAS 90, to make reporting your financial results clearer.
Specialized Solutions
We have specialized knowledge of oil and gas accounting, including joint interest billing and revenue distribution as well as organization of investor oil and gas revenues and billings into a format that allows the client to review and analyze well information.
Give us a call for information on planning your customized accounting outsourcing solution.The Benefits of Using Bailes & Co., P.C.By outsourcing, you can be assured that the proper reports required by the government, both state and federal, are being filed as required by law. Employees are sometimes overwhelmed by these reports and make mistakes filing them causing penalities to the employer.If your company has an issue with payroll confidentiality, we can provide you with another option. Sometimes it's easier and less expensive for a company to pay us a monthly or quarterly fee to prepare financial statements than it is to maintain an employee and all of the overhead benefits needed.
