Notes
Slide Show
Outline
1
"Outsourced Accounting"
  • Outsourced Accounting



  • A Solution for Small Business


2
The Upside of Owning a Business
  • Unlimited income potential.
  • Set your own hours.
  • Hire the people you want.
  • Get paid for what you enjoy.
  • General sense of fulfillment.



3
The Downside of Owning a Business
  • Possibility of earning nothing.
  • Your workday is all day!
  • Your employees disappoint.
  • You end up doing everything - even things you hate.
  • Feeling overwhelmed.



4
The Ledger Group Can Ease Some of the Pain
  • Take over daily accounting functions.
  • Free up your time to focus on your core business or more personal time.
  • No need to hire and train accounting staff.
  • Seamless handoff to CPA at tax time.
  • Use ‘best of breed’ accounting software.
  • Professional set of books = better decision making.




5
Packaged Services
  • Beyond Basics™ Bookkeeping
    • Full-charge bookkeeping services by professionally trained and certified personnel.
    • Only pay for what you need.
  • CFO Share™
    • ‘Timeshare’ a CFO level professional to help with financial planning, employee comp, debt structuring, financial statements etc.
  • Accounting Access Suite™
    • Installation and custom training to get you up and running on the latest accounting software.
  • Custom Software Solutions
    • Custom reporting and integration with Excel and external databases.




6
Some Accounting Tips
Common Bookkeeping Mistakes
  • Using your receptionist as your bookkeeper.
  • Paying a full-time bookkeeper when you don’t really need one.
  • Doing it yourself to stay in touch with the numbers.
  • Not maintaining checks and balances (same person should not sign checks and enter bills).
  • Remaining on outdated software programs.
  • Using only the check register feature of your software.







7
Accounting Tips
Bookkeeping Best Practices
  • Use Current Software!
  • Enlist the help of an accounting professional.
  • Use a payroll service.
  • Get expert help at setup.
  • Maintain organized documentation.
  • Establish employee procedures.
  • Create a budget / revenue forecast.
  • Understand that bookkeeping goes beyond paying the bills.
  • Factor in all employee costs when hiring.




8
Next Steps
  • Find a qualified accounting services company
    • Computer Software Certifications
    • - Accounting degrees
    • Full service bookkeeping experience

  • Or just call The Ledger Group
  • (631) 864-4393