Accounting Outsourcing

A case for delegating

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Delegating the flow of finances to professionals in a cost-efficient way may be the best thing you can do for your growing business because, as an owner or manager, you know that business is composed of a set of interrelated systems that will ensure the smooth flow of transactional processes and efficiently convert capital into revenue. It is therefore important for a business owner to consider each component as if it is just an existing process inside the controlling system.

Of utmost importance and consideration is the attention and care which must be given to each process component; this includes the accounting process. That is why we have tax lawyers; and it is also why we have public accountants and financial managers.

The accounting process

It is the measurement and disclosure of essential financial information that will help public accountants, financial managers, tax authorities, investors, and other decision-makers to effectively allocate their financial resources to each business process, thus maximizing the conversion of a business’ working capital to substantial revenue.

Accounting involves processes in which important financial information of a particular business is recorded, summarized, evaluated, and interpreted. Furthermore, since money is one of the biggest factors that may affect the existence of a business in a certain market, accounting is given the utmost attention and consideration at all times.

In accounting alone, there are several aspects that a business owner must consider. As such s/he must be attentive to the cost accounting, the cash-basis accounting, the financial accounting, the internal fund accounting, the management accounting and the project accounting, as well as a few other aspects of the business.

And the list expands more

In other words, one might conclude that accounting is a serious and critical matter that must be handled by a group of people who have the technical expertise in dealing with the accounting as well as financial issues. Understanding this reality, more and more business organizations hand the accounting aspects of their business process to third-party organizations, most commonly known as accounting outsourcing.

Accounting outsourcing is considered to be one of the more effective management tool, which is why many companies often incorporate outsourcing as one of their strategies in business planning. As a matter of fact, the Outsourcing Institute reported that the concept of a CRO (Chief Resource Officer), a professional outsourcing executive manager, is widely-acceptable in larger corporate organizations.

For businesses large and small

However, you need not to be a large corporation to benefit from accounting outsourcing, because even small and medium-sized enterprises can provide better service and produce high-quality products in a more cost-efficient way if they will outsource their non-core business processes, including the accounting aspect. By decreasing the demands on your administrative personnel, you will be able to free them from additional responsibilities and they will better be able to support areas directly impacting your sales and clients, as well as to the marketing tasks of your business.

Accounting outsourcing firms can execute your accounting and bookkeeping tasks in all frequencies (monthly, quarterly, and annually) or can supplement your present administrative staff to lessen the responsibility. Following is a summary of the services you can expect by outsourcing your company’s accounting process.

  • Preparing cash disbursement checks;
  • Preparing input credits and bank deposits;
  • Preparing company payroll;
  • Preparing tax deposits and bank reconciliation;
  • Preparing financial statements;
  • Preparing payroll tax returns; and
  • Evaluation and review of financial results on different frequencies.

With accounting outsourcing, you will be able to reap the benefits of having a cost-efficient business operation. And with your accounting process at the hands of outsourcing professionals, you can direct your focus to the core functions of your business and convert every cent of your working capital into thousands of dollars in generated revenues and profits.

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Cheap Prices and Buying Tips

Low-budget items

If you own or manage an office-based business (accounting, law, real estate, etc.), the price you pay for a good office chair should be in the range of $250 to $350; and even though the price of top-of-the-line office chairs can range in the thousands of dollars, they are usually no more comfortable than a $300 dollar chair. One reason for this is the high cost of the particular brand name tacked on to the item and not the item itself.

Many office businesses are forced to operate on a budget and, as such, cannot afford to spend a lot of money on office chairs, especially when less expensive chairs are available for around 100 dollars per model. One example of where lower-priced chairs can be found is Global and Wallace, a company which often has the lowest-priced (or best low-budget) office chairs available. However, as a low-budget office chair buyer, you should be aware of the pros and cons involved.

Ask about repairs & discounts

Whenever repairs are required for your office chairs, you should ask if parts can be replaced; and if parts have to be shipped to your office, you should also find out who is responsible for shipping charges, as such charges be quite expensive. On the other hand, if shipping is not required you’ll need to find out about delivery, including date, time and whether the delivery company is owned and operated by the selling company or an independent company.

Discounting is very prevalent among office furniture dealers, such that even if your purchase is limited to only one office chair, you can still get up to a 30 percent discount off the suggested retail price. As a condition of such discounting, the more office chairs you buy you can expect to get ever increasing discounts on those purchases.

It is therefore always a smart decision to buy your office chairs in bulk; especially if you have a lot of employees, in which case you’ll save hundreds and maybe even thousands of dollars. Saving money is something everyone likes to do, especially when it comes to their business offices and the furniture which must necessarily adorn it.


Another aspect of office chair purchases has to do with trials, in the sense that when you intend to make a substantial purchase of office chairs at one time, you should ask for a few trial chairs to be brought to your office prior to your decision to close the deal. This way, you can get your employees input by letting them vote for the chairs they like best; because even though a standard chair will be sufficient for most people, it may be necessary to purchase other chairs as well.

For example, taller people will need special chairs, as well as those employees who weigh a little more (or a lot more) than the average individual. No one chair will work for everyone, as the human body comes in various different shapes and sizes.

Maximizing comfort

You can purchase your chairs either locally, or online based on your preference; but due to the increased selection available online you may be able to get them at cheaper prices, although you still have to worry about shipping charges. Buying locally allows you to physically feel the chairs, sit in them and test their sturdiness; and in this sense buying local may be the best; even if you are buying many different office chairs it may be beneficial but delivery will still be necessary.

Those planning on getting the most from their office and employees should look into the most comfortable office chairs for the money. Employees will feel and work much better with comfortable chairs, which is reason enough to make the investment while getting the best quality chairs without having to lay out extra dollars for a manufacturers brand name.

As a token of our appreciation the free ebook titled, Storytelling Marketing can be yours if you have any interest in the art of storytelling. All you have to do is download it here, enjoy the reading and learn how storytelling can be a powerful ally in any business or marketing pursuit!

Digital & Electronic Products – Unbeatable in Quality and Price!