Challenges

• I am not receiving timely and accurate financial reports on a regular basis.

• I need certain key reports on a daily or weekly basis rather than waiting for month end financial reports.

• My business can’t afford the talent required to provide me with the information I need to run my business.

• I need someone with financial expertise, but I can’t afford that position.

• My CPA spends a significant amount of time correcting our books which increases costs.

• Manual data entry is inefficient and costs my company a significant amount of money.

• My accounting system is inefficient.

• I can’t afford to hire people with both accounting and technology expertise. It is too expensive.

• I can’t hire qualified employees on a part time basis.

• Employee turnover at my company has become a nightmare.

• I’m concerned about the security of my data.

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• I am not receiving timely and accurate financial reports on a regular basis.

  Solution: Our bookkeeping solutions provide timely data updates. This ensures that your financials are current so that you can confidently make accurate and informed financial decisions about your business. Our team has extensive knowledge and expertise in bookkeeping, so they understand the critical nature of accurate and timely data and the importance of adhering to established reporting deadlines.

• I need certain key reports on a daily or weekly basis rather than waiting for month end financial reports.

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  Solution: Every industry has distinctive elements that drive the business. Although businesses recognize the importance of tracking these key financial performance measures, they often lack the infrastructure and resources to support this process. Tracking these metrics is key to evaluating the health of your company.   Advance Bookkeeping Solutions can design customized reports based on the needs of your individual business.

• My business can’t afford the talent required to provide me with the information I need to run my business.

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  Solution: Small to midsize companies need a bookkeeping. Hiring an Accountant employee to perform general bookkeeping functions is too expensive and an unwise use of resources. At Advance Bookkeeping Solutions, we provide clients with a scalable solution. All of our clients are assigned a highly qualified, dedicated account representative who is knowledgeable in accounting principles and processes. Our account representatives hold a B.A. in accounting at a minimum.  You can use these resources whenever required, and you only pay for services incurred.

• I need someone with financial expertise, but I can’t afford that position.

  Solution: We offer the ability to draw upon additional resources when necessary so that hiring accountant and controllers to fulfill functions only periodically. Clients only pay for resources used, and we offer very affordable rates.

• My CPA spends a significant amount of time correcting our books which increases costs.

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  Solution: At year end, we can work directly with your CPA firm and provide them with all required documentation in an organized manner. This will assist in reducing your costs, as neither you nor your CPA will need to spend time collecting and organizing the information.

• Manual data entry is inefficient and costs my company a significant amount of money.

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  Solution: Our team has the expertise to automate certain functions and processes wherever possible. This helps in reducing manual data entry and the subsequent errors and costs associated with it. Automation results in increased profitability as it is more efficient than manual processes. Automating key practices also allows your staff to focus on assignments that add more value to your business. At Advance Bookkeeping Solutions, we offer timely data updates. A key benefit of outsourcing key functions is that it allows for data to be entered and reviewed overnight.

• My accounting system is inefficient.

  Solution: We have extensive experience integrating and automating applications that eliminate the need for duplicate data entry and can automate key processes for your business, saving you both time and money.  We are familiar with all the available, in-market tools to make systems run more efficiently. We use reliable accounting software to reduce manual data entry by more than 50%.

• I can’t afford to hire people with both accounting and technology expertise. It is too expensive.

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  Solution: Small businesses lack the means to hire qualified resources and employees, in addition to purchasing the technology required to generate timely and accurate information. If they can find someone with both accounting and technology expertise, it is very costly to retain their services. Additionally, specific financial expertise and skills often are required but that expertise is only required a fraction of the time. Partnering with Advance Bookkeeping Solutions eliminates the need for you to keep high cost employees on staff full time. On average, the cost of a full time employee’s salary, health insurance, training, recruitment costs, and payroll taxes is 50% higher than the associated cost to hire our services.

• I can’t hire qualified employees on a part time basis.

  Solution: In order to justify the cost of a full time employee and minimize their downtime, workers are often put in a position to fulfill accounting and bookkeeping functions for which they have no training or expertise. We are available to manage or assist with these functions when your business demands them, and we can scale back these services once that period has passed. We can assist with peak periods of activity when full time staff may be required.

• Employee turnover at my company has become a nightmare.

  Solution: When key employees leave your accounting department, historical information can be lost. Additionally, productivity in small companies that run lean can be significantly impacted by the departure of key employees. Outsourcing your bookkeeping functions provides business continuity.

• I’m concerned about the security of my data.

  Solution: We maintain strict controls on data security.We manage recurring data backups on our systems to ensure your company’s financials will not be lost or corrupted.