Uses:

• Accounts Payable
• Accounts Receivable
• Payroll
• Job Costing
• Financial Write-up and Reporting
• Bank and account reconciliations
• Quarterly Tax Reporting
• Compliance Reporting
• Tax Return Preparation
• Internal financial consultant
• Establish the control system
• Inform those concerned of financial condition
• Supply the business with adequate information
• Maintain contact with government agencies, bankers, etc.
• Provide insight, courses of action
• acilitate future planning and growth

Benefits:

• No need of in-house bookkeepers' training and expertise
• No problems with employee turnover, vacations, sick leave and absenteeism
• No communication difficulties between the accountant and business owner or organisation due to load / work pressure
• The business organisation concentrates on the revenue side of business, and spends as little time as necessary on the accounting and payroll function. Maximum resource utilisation.
• The accounting function receives attention only when a critical need arises. No time wastage.
• Up to date information which is available in realtime
• No need of Hiring/Training accounting and payroll staffs
• No Payroll related costs, FICA, workers compensation, unemployment, vacation/sick benefits, health insurance benefits, and many other expenses
• No need to upgrade software and annual updates from client side
• Check and monitor office supplies (check stock, paper stock, envelopes, toner)
• No additional bank charges
• Cost saving on office space (rent for additional offices)