5 WAYS OUTSOURCEDACCOUNTING HELPS YOUR BUSINESS

Website: www.cfbs.com.auTelephone: 1800 CLOUDFORCE

THE GROWING BUSINESS ISSUE

Accurate and current financial information is an effective resource for developing businesses. Having accurate financial information allows business owners to obtain resources, grow profitability and make better strategic decisions. However, the process of collecting, compiling and conveying your financial information can be a major strain on resources. Compiling meaningful financial information about your business will often either slow down your business or cost you a small fortune to put together.

Some business owners struggle through their monthly accounting by doing it on their own, devoting precious time counting money when they could be making money. Other business owners will have a dedicated internal Accounting Department for their day to day needs, wasting increasingly scarce resources to count money.

THE SOLUTION?

Outsourced Accounting: If you are spending too much of your time managing Accounting processes or find your organisation isn’t getting the value it should from financial information, maybe you should consider working with a cost-effective professional firm that specialises in Outsourced Accounting Services.

Simply hand over all your time consuming bookkeeping tasks - including entering bills, recording deposits, reconciling bank accounts, preparing management reports and more, giving you the time you need to grow and develop your business.

So, if you’re looking for new ways to streamline your company’s day-to-day operations and grow your bottom line, it’s time you consider outsourcing your Accounting requirements.

Here are the 5 Ways Outsourced Accounting Helps Your Business:

FREES UP TIME TO FOCUS ON YOUR BUSINESS

In many businesses it is a lack of time that is one of the dominating factors when looking to outsource. You are generally the most expensive resource in your business so you need to spend your time wisely. It is generally your time that is taken up when processes break down, new policies need to be implemented and resources become scarce.

Outsourcing your Accounting gives you the time to focus on your core competencies. What is your business best at? What can you do better than anyone else? What produces revenue and growth? Spending more time on these core competencies and less time on the administrative burdens of your business accounting will give you better results: Results that far outweigh the cost of outsourcing.

1

REDUCES COMPANY-WIDE OVERHEAD COSTS

There are a lot of ways one could argue the cost-savingbenefits of outsourcing your Accounting services (especially in terms of driving efficiency) and no one way is greater than the immediate reduction of overhead costs.

When you outsource to CloudForce, you are not responsible for the cost of your Accounting Team’s health insurance, sick time, holiday time, superannuation, long service leave or payroll tax. You no longer have to worry about new computers or desk space and as you are outsourcing to experts, you alleviate the financial burden of managing employees, the drain of bad hires and the training and retraining of employees.

2

MAINTAINS PRIVACY FOR YOUR BUSINESS

When considering Outsourced Accounting, the biggest concern for any business owner is the privacy of critical financial information and company data. What you might not realise is that your outsourced accounting department is capable of providing a higher level of security, privacy and backup system than you would be able to achieve in-house.

To maintain 100% privacy and confidentiality, CloudForce maintains your data and financial information on a secure, encrypted and password protected portal, only accessible by authorised individuals who are required to keep all information confidential. All contracts are written and enforced under Australian Law operated under the Australian Privacy Laws for your protection.

3

REDUCE THE RISK OF INTERNAL FRAUD4

Unfortunately, internal fraud is more common than you might think. In fact, more than one in five small businesses will have money stolen from them by trusted employees and the average loss is $240,000.

When you partner with an Outsourced Accounting service, you have a third party to audit your money trail. The Accounting service helps by establishing checks and balances that are entirely impartial. These outsourced experts are also highly capable of spotting financial discrepancies through years of experience.

Finding and keeping good Accountants and Bookkeepers with years of experience has gotten much tougher over the past few years, including upward pressure on salaries.

With CloudForce you’re partnering with experts in the Accounting field who have access to new applications and the latest technology. What’s more, your work is only undertaken by professional Accountants, not data-entry operators who constantly hone their skills to keep up with the competition, ever increasing the quality of their work.

CloudForce specialises in Bookkeeping and Accounting, so we are the perfect resource for getting your projects done. Everything is taken care of and work is delivered of the highest quality.

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There’s a reason so many small to midsized companies are turning towards Outsourced Accounting services. Their cost-effective expertise provides your company with invaluable advice and strategies to drive efficiency while saving your business time and money.

Get in TouchReady to speak with a CloudForce expert about implementing Outsourced Accounting services to boost your business’s profit potential? Call 1800 CLOUDFORCE to schedule a free 30-minute consultation.

PROVIDES ASSURANCE THAT YOUR BOOKKEEPING NEEDS ARE MET

Contact Us today:Website: www.cfbs.com.auTelephone: 1800 CLOUDFORCEEmail: mail@cfbs.com.au

Take a look at our simple process:• When invoices and other bookkeeping documents come into your office, simply scan and upload the electronic copies to our portal.• Your documents are received in our office electronically.• Our experts process all documents.• Our experts deliver management reports and more to you via our portal.

All of your bookkeeping needs are taken care of with a completely digital, paperless workflow. Utilising the web-based platform offers ultimate convenience for you.

Documents

CloudForce Portal

All DocumentsProcessed

Our Experts Provide:

Client• Management Reports• Financial Statements• Bookkeeping• Payroll Services• BAS Preparation• Taxation Services• Back Office Support