Onsite and Offsite Bookkeeping Services

Small and medium-sized businesses usually hire a third-party bookkeeping company to do their bookkeeping because they don't need full-time bookkeepers. A company that does banking should offer two types of services. There are two kinds of financial services: on-site and off-site. There are pros and cons to both kinds of services. As with on-site bookkeeping, bookkeepers go to the business of their clients to do their job. There are many benefits to having accounting done on-site. The biggest benefit is clearly the money you save by only hiring bookkeepers for a certain amount of time.

When using this kind of service, you don't have to keep the same bookkeepers. If you don't think he or she is a good fit for your business, you can call the company and ask for a different accountant. And if you are happy with the bookkeeper you already have, you can keep using him, and the bookkeeping business will send the same person to your company. If you hire a secretary, you won't be able to have that kind of freedom.

You won't have to worry about giving staff benefits, which is another good thing that will happen. You can send the money straight to the bookkeeping company, so there's no need to worry about giving out other perks. Accounting and tax rules are often complicated, and your bookkeeper might not know them all. When you sign up for an onsite service, there are other bookkeepers out there that you can talk to and ask questions to clear up any worries. Most of these accounting companies are happy to help their clients with these kinds of problems.

There are also some bad things about having accounting done on-site. Some companies make you buy their services for a certain number of days. Also, since your onsite bookkeeper doesn't work full-time for your company, you'll have to do things like receive invoices and bills on days when the bookkeeper isn't there.

In an offsite bookkeeping set-up, the bookkeeping company makes arrangements in their office to do the work. This kind of service is also called a "virtual bookkeeping service," because your files will be worked on by a real person online. It's as if your bookkeeper's office wasn't near where your business is. And you will have to send the bookkeeping company your financial papers, such as invoices, bills, and bank statements, through a secure system. When compared to on-site bookkeeping, off-site bookkeeping is surprisingly cheap.