What is outsourcing?
Outsurcing is a practice used by many companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.
Who uses outsourcing?
Business and individuals like YOU! From the "one man" operation to the multi location operation, more and more business are finding outsourcing a more economical and satisfying experience.
Why outsource?
Some of the benefits of outsourcing include:
- Lower costs as the user only pays for services needed.
- No need to pay an employee for unproductive "filler jobs" to keep employee busy when bookkeeping, invoicing, or other activities due not fill the employee's time.
- Allows management more time to concentrate on the operation of the business, rather than training and supervising an employee or doing the work personally.
- Increased security and continuity - employees do not have access to sensitive data such as business finanacial reports or other employee compensation rates.
- Cost controls due to faster service set up and maintenance.
- No training of new employees
- Reduced risk of missed deadlines or banking or tax penalties due to employee inexperience.
- Increase flexibility to meet changing business reporting needs.
What can I outsource?
The posibilities are endless. Some commonly outsourced tasks include:
Payroll computation and check printing or direct deposit
Payroll tax reporting, filing, and payment
Bookkeeping and bank statement reconciliation
Customer invoicing
Bill payment
Accounting and financial reporting
Business and personal income tax reporting and filing
QuickBooks Cleanup, support, and training for in house systems
On line interactive QuickBooks support and Accounting
and much much more!!!
How do I outsource?
Many resources are used to provide outsourcing services. Some include: US mail, FedEx, Faxing, E-mail, remote connection, secure web portals, and mutual website connections.
Who performs outsourcing?
There are many types of outsourcing firms. Some are located outside of the USA and some within the borders of the USA.
Overseas: There are many overseas firms with employees trained in how to take your raw data and plug it into software. Although these firms have the education, they lack the "real world" expertise and experience of living and working in the business world of the USA to know how best to treat some transactions. Communication is often a large obstical. English is a second language. Common terms and ideas are second to someone born and raised outside of the USA. Communication costs and time delays also decrease the effectiveness of sending work overseas.
USA: Firms seated in the USA are generally filled with Educated, trained, experienced, professionals who must continue their formal education to maintain their professional standing. USA based firms have first hand knowledge and experience in living and doing business in the USA envirement. Their life experience takes their abilities to record and report data beyond simply plugging it in the software. They have the ability to decide how best to treat a transaction to insure accuracy and to help the business owner have the best tools for decision making and tax savings. Communication is often as fast as an Email or telephone. Time differences may often be very small.
Help yourself and your country's economy: Keep your dollars in the USA. Dollars spent overseas are gone. Once your dollars leave this county, you and your economy will no longer benefit from them.
Dollars spent in the USA have a wonderful roller coaster effect on your county's economy. For example: Outsourced services purhased in the USA create jobs in the USA; the employees spend their wages on local goods and services; the sellers of those goods and services must hire employees and buy materials to produce the goods and services; their venders must hire employees; the employees purchase more local goods and services; and so on .... Maybe one of the employees or venders will then need to buy your product or service!