Bookkeeping is a crucial department in any organization because it is the major basis for accountability and performance management. If it is done wrong, a lot of transactions could be skipped or neglected to create loop holes for embezzlement of business funds and inability to control the business in proper dimension. A small organization owner can play simpler roles, such as marketing and managing human resources but not accounting as it requires skills and knowledge. They need a background in accounting, finance or bookkeeping to be able to satisfy regulatory authorities. If you are a business owner without any knowledge in the above areas, you should try bookkeeping, accounting and taxation outsourcing.
Outsourcing is a way of delegating work that cannot be done in your office to a third party. This new trend clearly shows that people are happy with the results they are getting from outside bookkeepers. For sure these professionals are more convenient to work with than your in-house bookkeeper because you do not need to supervise them to get result. When your employee gets sick or a personal problem, they will not come to work. That means you either get a part-time clerk or do the job yourself.
If you are too busy to keep books or you do not know how to do it, then you will pile them until the employee reports back. On the other hand, if you try bookkeeping outsourcing, your books will be kept in real time. You will never have to pile work when your employee is on leave. Independent bookkeepers do not do any other business on the side. They specialize in keeping records in the most accurate and logical manner. Because of this, you cannot worry about them stealing your clients. They do not need your customers, they need you.
The best thing for small and medium scale business is to face marketing and deliver service you claim to know, all you need is to outsource your accounting and taxation services to save time, cost and space while you concentrate on your core business activities.
So you do not have to outsource accounting and bookkeeping roles to two different organizations. There is one company that can do the whole job for a very affordable price. The price for bookkeeping outsourcing is another factor you should consider.

About the Author; Sunmola David is a chartered, founder of Inner Konsult Ltd who carries out tax preparation, tax calculation for various clients in Nigeria. He specializes in Accounting business outsource process, Back office outsourcing and Outsourced accounting. To know more about Accounting outsourcing and Accounting outsourcing services visit www.accountsreports.com Telephone +2348057694444