Outsourcing

Is outsourcing your bookkeeping right for your business?

Benefits of outsourcing your bookkeeping vs. managing it in-house:

• Time and money: Frees up valuable time that could be put into focused growth of your business. Administrative and financial office functions can be a heavy distraction from the day-to-day focus on your priorities. By outsourcing you save time. You save money on paying wages and benefits to an employee. Further you save on lost productivity costs that come along with hiring and maintaining payroll functions. By outsourcing you pay for what you need as our team will work as efficiently as an extension of your team.
• Expertise and Efficiency: Outsourcing gives you a great way to have full-time knowledge on your team without the full-time cost. By putting your books into the hands of highly skilled professionals who understand best practices and how to properly schedule and perform tasks, your job becomes a lot easier and effective. After we do a thorough analysis of your existing books and systems, we will put together a custom-designed solution that will streamline your processes and save you money. By outsourcing your bookkeeping needs, you’re able to tap into a wealth of systems, processes, structure and software that you might not have by hiring your own bookkeeper internally.
• Translation: We will have an intimate knowledge of your operational day to day workings of your business, therefore may serve as a kind of translator to your tax preparer and accountant. We can also liase with CRA and other government bodies on compliance issues that can arise. In addition, as part of the inner circle for your business, we can help you make decisions such as how much to spend on projects or hiring.
• Informed Decisions: It is vital that appropriate reporting provides feedback on how the business is performing for you, shareholders or potential investors. The health of the business needs to be evaluated regularly and the bookkeeping system should provide this ability. 
• Focus: By outsourcing your bookkeeping to KBBS, we will track your financial transactions so that compliance issues or late fees will be avoided. We provide solutions so that you will be able to focus on what you know best, your business.