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A well-maintained account speaks for your company. But maintaining books from scratch can be a tiring and expensive job. Tiring, if you, the owner, are doing it yourself. Expensive, if you have an in-house, full-time accounting department to do everything for you. In both cases, hiring bookkeeping services in Edmonton, Alberta can prove to be a beneficial choice. Outsourcing bookkeeping services can help you effectively manage all your financial transactions, be it bank reconciliation, sales tax filings, payroll processing, financial reporting, etc.
There are various things to keep in mind when outsourcing accounting services. To hire bookkeeping services in Edmonton, Alberta, the first thing you need to know is – does the service provider have the skills to do the job? Check for the qualification of the employees – do they have well-trained and experienced ICB, ACCA, CIMA, AAT-qualified personnel. Also, check for the software they are using to maintain the books.
Once you have an outsourced bookkeeping service hired, it becomes essential for integrating your existing accounting department with them. Here are tips on how to integrate outsourced bookkeeping with existing accounting services.
Having Cloud-Based Accounting Applications
Working in the cloud not only gives you access to your accounts anytime but also helps the outsourced bookkeeper to get the data needed for creating the books without wasting time in asking for various data they need form you.
For example, your accounting team puts an entry of a bill in the excel sheet that is on the cloud, the bookkeeping services can access that in no time and hence, include the entry in your books. All the other details are shared on an instant basis, aiding in a smooth and uninterrupted workflow.
Using Same Software as the Bookkeeper
Using the same software as the bookkeeping services in Edmonton, Alberta ensures that there will be no software compatibility error when you try to access the data. This helps prevent confusion between your accounting department and the bookkeepers. Also, you will be using the best and trusted software on the market.
Sharing of Financial Documents
There are various documents you need to share with the bookkeeping services in Edmonton Alberta. These include – bank and credit statements, payroll details, bills, receipts, tax documents and more. All these details, if shared on time, help the bookkeeper create your company’s books in an efficient and timely manner. One can share a file using various options available in the market, like – Google Drive, Dropbox, RapidShare, MediaFire and many others to add to the list. All kinds of formats can be shared using these applications, making it easier for both the company and the bookkeeper to access the files.
Once your bookkeeping services and your accounting department are integrated, the workflow becomes smooth and easy. The accounting department can now focus more on the other accounting work and help increase the productivity of your company. To learn more about how bookkeeping services in Edmonton, Alberta can benefit your company, get in touch with an all-in-one accounting solution company.