Accounting & Bookkeeping Outsourcing Services
All businesses need accounting & bookkeeping done in a proper way in order to have proper records of monthly revenue, profit and costs. But sometimes, it can be tedious and hard for small to medium sized companies to have a proper accounting department / person who will handle the day-to-day tasks such as accounts payable, accounts receivable, payroll, managing finances in a competent way. In fact, some businesses tend to fail because no proper accounting was in place for the company to keep track of its financial records!
This is why, it is sometimes best to hire an outsourcing company like ASL BPO who provide Accounting and Bookkeeping services. We have outstanding accountants in our team who have the full capability to keep track of your financial records. What's more, is that our services are cost-effective, guaranteeing 30-50% cost reduction.
Scope of Our Accounting Services
Our Accountants are trained and certified experts, they are capable of everything that most accounting departments have to handle, below are some of the scope of work that they do for our current clients:
Handling Accounts Payable and Receivable
Vendor Bill Payment
Transaction Processing in Real Time
Reporting to Management
How Does Our Service Work?
1. The Hiring Process
After you contact us, we setup a meeting with you to discuss your needs. Once we understand more, we choose a candidate, best suited to your needs, either from our available free staff or through new recruitment.
2. Training Period
Once you hire our accountant, the first phase will be to train him on your business needs and requirement, so that our employee fully understands what his daily tasks will be and what the expectations are from him.
3. Efficient Service at Cost Effective Price
Once our employee is fully accustomed to what his daily tasks are, he will make sure to perform them diligently, without error. There will be a manager who will be responsible for overseeing and supervising his work, to whom you will have direct contact to for any queries. Your dedicated virtual accountant will send you daily reports summarizing the work he has performed each day.
Why Outsource Accounting & Bookkeeping?
Most businesses today are starting to outsource part of their non-core part of business processes. The major reason behind that is that in an overtly competitive world, most businesses find it cumbersome to invest resources and infrastructure on business functions that are not related to the core part of operations that generates the income. If you can hire an expert through outsourcing at lesser cost, who can give you the same, or higher quality service to an in-house employee, why wouldn't you?
The below are some of the reasons why you may want to outsource your business accounting to us:
1) You have to spend a substantial amount of time to manage your business' accounting which leads you to possibly neglect the more important aspects of your business.
2) It is hard to manage accounting by yourself, so you do not have exact records of your costs and profits.
3) You need a dedicated professional accountant or a bookkeeper but hiring in-house is costly.
4) You need financial reports which summarizes information professionally for you to understand at a glance.
Cost-Effective and Efficient Solution
Keeping an in-house accountants can be very costly, you not only have to give salary, but sometimes other additional benefits as well. This is one of the main reasons why most small to medium sized business owners tend to handle bookkeeping on their own. However, you might not be a professional accountant, and having other responsibilities, there might be times where you cannot keep track of your bookkeeping accurately. This is why outsourcing accounting and bookkeeping can be one of the best solutions to your business. You not only get to hire a certified professional for the job, but you also get it at much lesser price than if you had chosen not to outsource.
No Loss of Information
If your business accountant ever resigned from the job suddenly, not only would hiring a replacement immediately would be a daunting task, but it would be extremely tiring to have the replacement get all the information left by the previous employee and have him take things from there. In short, there would be risks of information getting lost. Hiring an outsourcing partner eliminates this risk, as even if our employees quit we always make sure no data loss of the client's work occurs.
Security and Confidentiality
One of the biggest concerns you may have is data security. You would be pleased to know that ASL BPO follows a stringent data security protocol for its clients equivalent to international standards. We take our client's data security as one of the most important aspects of our work