| Outsourcing may result in reduced labor costs, or | | | | information into QuickBooks providing they are |
| the conversion of fixed costs to variable costs(to | | | | not adverse to details. Given the current |
| some extent), reduction of training costs, | | | | economy in the United States, I have seen |
| insurance, benefits and some tax savings, etc. But | | | | situations where family members who have lost |
| you need to invest in scanning, because you need | | | | their jobs are now available to help in the family |
| to scan all of those source documents to the | | | | business. |
| outsourced accountant and have confidence that | | | | Quite frankly, QuickBooks is simple enough that |
| the outsourced company is reliable. | | | | with proper training, most detail oriented people |
| As a business owner or the person responsible | | | | with common sense can handle QuickBooks, as |
| for the financial department, you must also make | | | | long as they have resource, consultant or CPA to |
| sure there is a process in place to monitor the | | | | ask questions, to receive timely answer and there |
| activities of the outsourcing company. An | | | | is mechanism to allow for real time or after the |
| important consideration is that outsourcing may | | | | fact corrections or adjustments to the accounting |
| make sense, as long as a competent and | | | | records. Under either scenario a CPA or a |
| independent person oversees and monitors the | | | | Certified QuickBooks ProAdvisor or a skilled |
| financial results on behalf of the small business | | | | financial services consultant and is the ideal person |
| owner. We now live in very unusual times and our | | | | to monitor either the real time, monthly or |
| priorities sometimes change. | | | | quarterly financial information, and to check that |
| Under good economic times, outsourcing may | | | | the reconciliation process is working and more |
| make sense. But when business owners are | | | | importantly, that outsource team, or the internal |
| facing issues such as contraction, or even family | | | | bookkeepers are doing the right job. That's called |
| unemployment, it may make sense to employ | | | | "Checks and balances". |
| the family to help. This novel concept works, if | | | | With the Online QuickBooks version or any other |
| the owners or members of the owner's family | | | | QuickBooks version with remote access from a |
| are willing to invest the time to learn QuickBooks, | | | | desktop PC, the monitoring process can be |
| or other comparable accounting programs, and | | | | accomplished for outsourced accounting |
| have some basic financial knowledge to undertake | | | | departments. |
| this responsibility of entering the financial | | | | |