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Why Outsource?

Why Outsource your Bookkeeping and Payroll?


Outsourcing Defined

The trend today for many employers is to outsource any function of business that is not directly related to the generation of income. But what exactly is outsourcing?

Simply put, outsourcing is the long term contracting of a company's business processes to an outside service provider, helping to increase shareholder value by reducing the costs of non-core functions.

Of course, outsourcing is not a new concept. For years companies have outsourced their legal, advertising, printing, and computer services so they could benefit from professional expertise without substantially increasing overhead.

Outsourcing Your Bookkeeping and/or Payroll Is a Positive Idea for Your Business if Any of the Following Applies to Your Current Situation:

  • You are spending too much time managing your books and not enough time growing or running your business.
  • You find that you are cutting corners, or you are uncomfortable with your record keeping or payroll because it is too time consuming, or you do not really understand how to do some of it.
  • You have a basic understanding of financial reports, so that you can stay informed about your business on an "at-a-glance" basis.
  • You are not afraid to ask questions if you notice things on financial statements or payroll reports that you do not understand.
  • You want the flexibility to examine your accounts whenever and wherever you'd like, combined with the peace of mind that your books are being maintained by dedicated professionals.  

Outsourcing Benefits

  • Outsourcing Is Cost Effective.
  • Employing a bookkeeper in-house can be expensive. That cost is not just comprised of salary, but the other direct costs such as employer payroll taxes, worker's compensation, medical insurance, retirement plans, and other benefits.
  • Additionally, there are employee vacation and sick days to consider.
  • And don't forget the time and expense involved to place classified ads, as well as interview, screen, test, and train an employee.
  • Our fees to provide service to your company are quire competitive by comparison.
  • We also provide flexibility in adjusting the level of service to meet the seasonal needs of your business. 

Outsourcing Reduces Your Year-End Work and Fees
Since we maintain your general ledger and subsidiary schedules as part of the ongoing recording of data and preparation of documents, your year-end work can be significantly reduced. That translates into lower fees from your CPA and faster turnaround time in preparing tax returns and financial statements. Goss Bookkeeping & Payroll Services can work with your tax professional throughout the year to ensure that your books are tax ready.

Outsourcing Investment
Each business is unique. Goss Bookkeeping & Payroll Services calculates a monthly/hourly fee for each prospective client.  Goss Bookkeeping & Payroll Services and the prospect will explore the challenges and issues related to the bookkeeping or payroll function to determine the scope of the work.

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