If you run your own business, you may not realize that a lot of the work you do could actually be outsourced to Independent Contractors. Outsourcing is a simple process where you turn over specific tasks to qualified professionals that have expertise in different business functions. The most common tasks businesses can outsource to independent contractors are payroll, accounting services and bookkeeping. Here are some tips that can help you use independent contractors to your advantage.
The first step is to identify outsourcing professionals that are experienced and certified in the areas you need assistance. New Jersey Accounting Services with expertise in bookkeeping, payroll and tax preparation should be qualified to work with “QuickBooks.” QuickBooks is the program that 83% of all small and medium size businesses utilize. An accounting service should have QuickBooks experts on hand to provide vital financial information about your business and answer your questions in a timely basis.
Some accounting services can be more helpful than others, depending on where their strengths lie. So make sure during the interview process that in addition to checking out experience and certification qualifications you also obtain referrals. Verifying the results other business owners have had with their accounting service will help confirm your decision making process. The initial consultations should be free, with a no obligation price quote to help you determine how cost effective their help will be. In making a decision don’t forget to calculate how much time you free up to devote to the profit drivers of your business.
After hiring an accounting service, a routine will developed over time that will enable your financial information to be prepared, presented and analyzed on a regular basis. The regular analysis of your business and the resulting wise business decisions is where the benefits of outsourcing will be made manifest in improvements to efficiency and profits. No matter how big or small, the right independent contractors can do wonders for your business.
The author: Dawn Contardi, owner of Sharp Bookkeeping Service, a Certified QuickBooks ProAdvisor and a member of the American Institute of Professional Bookkeepers with 25 years of experience can be reached at 732-458-3800 or contact us.