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[Infographic] Small Business Bookkeeping – Cost Benefits of Outsourcing

By Analytix Editorial Team

April 3, 2014 3 Comments

One of the biggest challenges for small to mid-sized companies is efficiently managing and updating financial records. The task often falls on the company’s owner who is busy enough trying to run the day to day business functions. If financial record keeping responsibilities don’t fall to the owner, they are often delegated as an additional responsibility to another employee who may not be fully trained in accounting and bookkeeping.

These situations often result in a backlog of financial data simply because the designated employee managing the books simply has other “fires” to extinguish. Wouldn’t it be great to have updated financials always at your fingertips? Even better than that would be having confidence that those figures are current and accurate. For small to mid-sized businesses, outsourcing accounting and bookkeeping functions can increase efficiency, profitability and the company’s long term viability.

Check out the infographic below for a summary on the benefits of outsourcing these functions.

Infographic Outsourcing Cost Benefit

Comment

    Outstanding Infographic, the benefits of outsourcing bookkeeping services are explained exceptionally well in this infographic. Thanks for sharing.

    Great Infographic.
    Bookkeeping is important part of business and facts provided here show how outsourcing is more cost effective than in-house bookkeeping.

    Thanks for sharing this article. I think that I will be able to do my bookkeeping task with the help of this article. This is a very helpful site.I will surely return to this site.

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