Most medium or larger size companies have their own
accounting department which processes their Accounts Receivable, Accounts
Payable, Payroll, General Ledger, and Financial Statement Reporting.
This makes financial reporting and operations run more seamlessly
and medium to large sized businesses have the information to run their business. They have the revenue and capital to hire an
experienced bookkeeper, AR Clerk, AP Clerk, Controller, and CFO.
What about Small
Business Owners (SBO)?
Most SBOs usually does their own Bookkeeping, Accounts
Receivable, Accounts Payable, General Ledger, and Financial Statement
Reporting. This leaves the SBO with very
little time to perform revenue generating activities. And even worse, an SBO who is doing everything
including their own accounting can make mistakes that could eventually cost
them more money. Below are examples of effects that was caused by poor accounting.
- Overpayment
of Income Taxes
- Penalties
for late filling, late payments, and under reporting of taxes owed
- Accrual
of Bank Charges
- Late
payment fees from vendors
- Losing sales because products are out of stock
- Disgruntled
Employees for incorrectly calculated paychecks
- Dissatisfied
clients for incorrectly posted payments
What services can an outsourced
accounting package are available to SBOs?
We can provide you all the services that your dream
accounting department can provide. We
can save SBOs Time and Money.
|
Accounting Service
|
Regular Accounting Department
|
Excellence Tax Services Accounting
Package
|
|
Income Statement,
Balance Sheet, Statement of Cash Flow
|
Yes
|
Yes
|
|
Annual Budget,
Budget Vs. Actual Reports
|
Yes
|
Yes
|
|
Print Your Invoices
In Your Office
|
Yes
|
Yes
|
|
Aging AR and AP
Reports
|
Yes
|
Yes
|
|
Printing Your Check
from a Check Printer In Your Office
|
Yes
|
Yes
|
|
Online Bill Pay
|
Yes
|
Yes
|
|
Answer Routine
Questions from your clients and vendors
|
Yes
|
Yes
|
|
Handle Your Billing
Disputes
|
Yes
|
Yes
|
|
Dispute Charges On
your Invoices
|
Yes
|
Yes
|
|
Forward AR
Delinquency to Collection Agency
|
Yes
|
Yes
|
|
Inventory
Management
|
Yes
|
Yes
|
|
Designated 800
Number for Your Clients
|
Yes
|
Yes
|
|
Use A Specialized
Accounting Software You Already Own
|
Yes
|
Yes
|
|
Option Not to Buy
an Accounting Software
|
No
|
Yes
|
What about the
cost?
It is about the same cost that you would pay if you hired
someone full-time. The major difference
is that you do not have to hire someone full-time. You only pay what you use. We only bill our accounting package on a flat
fee that we estimate annually.
In addition, we can provide you a no hassle, month to month
contract. You can have your dream
accounting team and receive the full benefits with no strings attached
How can our
accounting package be so competitive?
A full time employee gets paid Social Security, Medicare,
Unemployment, Health Benefits, Vacation, Sickday, and other fringe
benefits. In addition, you would have to
train them and, if you are unhappy, you would have to fire them.
