Tag Archives: accounting services

Top 3 Advantages of Outsourcing General Ledger Reconciliation Services

Posted on May 16, 2015

Read this blog post to find out why outsourcing general ledger reconciliation services can be advantageous for your business.

Have you considered outsourcing General Ledger Reconciliation Services? This is one of the most important accounting services that any business has to deal with and it very important that this business function is carried out in an accurate and timely fashion.  Outsourcing can help you achieve this, while enabling to reduce cost and increase quality.

General ledger reconciliation refers to the process of maintaining the final entries of the debits and credits of the accounts of an organization. Terms like liabilities, fixed assets, revenues, expenses, losses and gains form a part of general ledger reconciliation. These items have to be accurately categorized either in the form of debit or credit transactions, according to the transacting amount. The accuracy of general ledger reconciliation is critical to any business and requires the skills of accounting experts.

Outsourcing general ledger services can bring your business many benefits, the top-most being better quality, on-time services and low-cost services.

Advantage # 1: Cost-effective services minus investments

When you outsource general ledger reconciliation services, you can save on operating costs, without having to make any investments on software, resources, infrastructure or technology. Since the outsourcing service provider will be using their own team of skilled accountants, you need not worry about the cost of hiring and training an accounting team.  The financial service provider will also be using the very latest in accounting software and technology, thereby saving you heavy infrastructural costs. Continue reading

Why Use QuickBooks for your Business?

Posted on January 18, 2015

Are you on the verge of choosing an accounting system for your business? If yes, read more about the usability, flexibility and comprehensiveness that QuickBooks offers.

If you are looking for an accounting system, you will be faced with several choices. Though there are a host of accounting software programs that offer different benefits, it is QuickBooks that stands out from the crowd and proves to be the ultimate financial package. Apart from QuickBooks being robust enough to process and report all of your financial transactions, it also eliminates the requirement to use multiple software packages. Most important of all, it gives you the power to maintain all your financial records with ease.

Benefit # 1: An all-in-one package

If you opt for QuickBooks, you will not have to keep buying separate programs, for producing invoices, managing your payroll or handling job-costing. QuickBooks includes a wide range of integrated sub-systems, that can help your business effectively manage your Accounting Payables, Payroll, Purchase Orders, Inventory, Management Reporting, Accounts Receivables, Management Reporting and General Ledger to name a few.

Benefit # 2: Minimizes your data entry work

QuickBooks can help you drastically reduce your data entry work. With lesser month-end balancing and reconciling steps to carry out, you can easily manage the integrity of your data. With the use of QuickBooks, you can be assured that your accounting will always be correct with minimal extra work. Instead of worrying about accounting, you can now channel your valuable time into building your business. Continue reading