Outsourcing is utilizing outside experts to perform specific tasks that you once performed, or paid someone else to do, internally. The term “outsourcing” has been around since the 1980’s but has had confusing connotations in the last ten years or so. It often refers to transferring jobs out of the country and the term has been politicized and misinterpreted.
In our profession, outsourced bookkeeping and accounting is as old as the profession itself - a staple service provided by bookkeepers and accountants even in the low tech days before computers and the Internet. About 20 years ago, it became a huge trend to outsource the payroll function, and over the years has become so cost effective and hassle free that it is the standard solution for many businesses and organizations.
Usually, it is a good idea to hand off routine bookkeeping to specialists who have the software tools and knowledge, advanced skills and tax expertise to perform tasks economically and on time. It is expensive to keep great bookkeepers on the payroll. Partners, senior staff or spouses often perform these functions; causing undue stress and undermining productivity potential.
Discover why so many companies contract out some or all of their bookkeeping. Time spent on bookkeeping issues or software problems adds no value to your customer relationships, sales and marketing, or to operations.
Infinity Business Advantage (IBA) has created three options for you, called IBA Books, to outsource various bookkeeping tasks to our team. Each has a payroll option and online capabilities. These products can lower costs, give you better management oversight and install better controls for decision making. At tax time, outsourced solutions can further reduce costs, not only on tax preparation, but by devising strategies to reduce your tax liability to a minimum. We designed these packages (each is actually customized for you) to match your real needs, budget and company size. Phone (727) 588-9707 or toll free at 1-888-694-3310 to set up a no charge phone call or visit to discuss these solutions today! One of these Infinity Business Advantage (IBA) service options will apply to you:
IBA Write-up
Great for the business owner who: 1) does not want to work with computers and software, 2) wants a low effort, time-saving bookkeeping solution, 3) is on a tight budget and needs a low cost solution.
It’s simple with Write-up. We keep the books for your business but you handle all the basic functions in-house: paying your bills, invoicing customers, making deposits and so on. After that, on a monthly or quarterly basis, you send us your receipts, checkbook stubs, statements, and other documents - even if they are in a shoe box! We give you a checklist of what we need and then set you up with an easy system going forward. We organize and enter transactions and maintain your books on QuickBooks. We then generate monthly financial statements which includes a cash basis Balance Sheet, a Profit & Loss Statement, as well as a Profit & Loss Statement by department or profit center. We allocate costs to the various departments or profit centers so that you have the management data in front of you when you need it. Also, included is a quarterly phone call, emails or visit to discuss the various financial issues your business is, or will be, facing.
Our very competitive, set fee monthly cost varies. Just complete the form below or phone (727) 588-9707 or toll free at 1-888-694-3310 today. Following a brief discussion, we will give you a quote and answer any questions you have about Write-up.
IBA Advisor
Great for the business owner who is computer and software savvy. You know how to use your QuickBooks or other software offerings. But you may be uncertain if expenses are recorded properly. Or, you do not want to spend the time to learn more to get the very most out of these powerful software tools. Or, you are having problems generating the reports you need – customized for your business type. Or, do you occasionally encounter time-consuming problems and need some quick fix ups during the year? Or, you want to reduce the nagging stress that everything may not be in tip-top shape, especially at tax time.
With Advisor you do the data entry work (internally or online) and we provide the help you need! We ensure that there are no entry errors, and other problematic issues like an incorrect chart of accounts or other transaction errors in your record keeping histories.
With Advisor, monthly advice (via phone, email or visit) is included in the price. We discuss all the issues you are facing so that you can make your business run smoothly and become more profitable.
With this package, on a monthly basis, we review the financial and business data you have entered and make necessary adjustments so that your books reflect results from an income tax standpoint. We generate financial statements for monthly management use which includes a cash basis Balance Sheet, a Profit & Loss Statement, as well as a Profit & Loss Statement by department or profit center. We make sure that you have allocated costs correctly so that your true profitability is crystal clear. Advisor develops and delivers the management reports you need. Monthly cost for this service varies but you will be pleasantly surprised when you receive our set fee quote!
IBA Keeper
Do you think it’s time to hire a bookkeeper? Replace your current one? Do you want to avoid the considerable salary and overhead expense of putting a bookkeeper on the payroll – even part time? Maybe you are “over” doing all the books and recordkeeping yourself? Our Keeper solution package can handle all your recordkeeping needs! No more worries about keeping the correct information in the correct place and getting at it when you need it. We handle all of your bookkeeping needs and become your bookkeeper just down the electronic hallway. Free up time so you can turn yourself loose on improving profits.
With Keeper, we record your daily sales, accounts payable, reconcile your bank accounts and prepare cash projections. We prepare your payroll, deposit your payroll taxes and prepare all your tax filings. Keeper offers Online Document Storage and 24/7 accessibility. We develop and maintain daily, monthly, or weekly management reports so you know where you stand. It really is the complete solution! The set fee, monthly cost varies according to company size and other factors.
Let’s talk! No charge consultations.
One of these solutions might be perfect for you. If not, we will customize one. When you outsource part or all of your books to Infinity Business Advantage you always get added value. When? At decisions times, when you make major financial commitments, and also, when we plan your tax reduction and other business strategies. As team players, we provide confidentiality and accuracy. We are always on stand-by to help and continually look for ways to reduce your taxes and increase profitability.
Complete the form below or phone (727) 588-9707 or toll free at 1-888-694-3310 today. Let’s discuss what product is best for you! We can answer any questions you have and give you a set fee quote right away!
See also Payroll, QuickBooks and Tax Preparation
