Benefits of Outsourcing Bookkeeping Services

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Published: 03rd August 2012
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In this age of advanced digital technology and the cloud, outsourcing bookkeeping has increasingly become the in trend and the best solution for businesses, especially SMEs.

This is because outsourcing bookkeeping provides these benefits:

-Minimize costs. As outsourcing bookkeeping services can be paid either an hourly rate, or a one-time fee, businesses can then cut down cost instead of paying for a fixed cost for salaries and wages of bookkeepers or accountants; thus, lowering your capital expenditure and enabling you to run the business within the budget.

-Improved efficiency of work. As outsourcing bookkeeping removes the need for business owners to record and keep track of their financial records, they can now have all their time to concentrate on other areas of the business, focusing on establishing the business and on the priorities and goals of the business.

-Reduced risk of making accounting errors. As outsource bookkeepers are professionals and provide more professional service, outsourcing your small business bookkeeping assures you that an experienced bookkeeper is handling your books in the most efficient and productive way, easily finding errors and suggesting corrective actions right away. Also, in terms of performance, outsource bookkeeping companies tend to persistently reach their clients’ objective to maintain a competitive edge to remain and be popular in the business.

-Reduction in paper works. As outsourcing bookkeeping means more computerized works as computer software programs designed specifically to perform the work of an accountant and bookkeepers are online or in the web, outsourcing bookkeeping takes away the need for paper works. Financial reports are not anymore being presented in printed formats at all times for the workings of these reports are typically communicated and perform over the internet.

-Books managed quickly and efficiently. Because outsourcing bookkeeping is typically done by computer software programs designed specifically to mimic the works of a professional accountant and bookkeeper, the tracking of financial records and its management and recording of these financial transactions are done more quickly and efficiently.

All these benefits are seen in Shoebooks bookkeeping services as well.

Shoebooks bookkeeping services is offered under 3 separate models

1. Hourly Rate - Pay as you Go. This service requires the client to only pay for the actual time spent on their work. Clients will receive a monthly account together with a comprehensive time report that provides a transparent method of billing Shoebooks’ services as well as a dedicated account manager is appointed for the client who will be the main contact for service delivery. Shoebooks service hours can also be purchased in prepaid blocks at a reduced rate.

2. Prepaid Hour Blocks. This service can be purchased at a reduced rate at either 10 hours block or 20 hours block where clients will only pay for the actual time spent each month and unused hours is carried forward.

3. Fixed Price Packages. This service is offered for bookkeeping and payroll software services. Before a fixed price package is offered, Shoebooks needs to understand the clients’ bookkeeping and payroll needs so clients must contact Shoebooks for an estimate.

Shoebooks can outsource the following modules:

-Accounts Receivable
-Accounts Payable
-Banking & Credit Cards
-Payroll (and contractors)
-Month End Reconciliations and Reporting
-Filing and Record Keeping
-Government Compliance

Overall, outsourcing bookkeeping is cost-effective and work-efficient for many businesses today, making it an ideal solution for their bookkeeping needs.


Shoebooks is a premium provider of software for accounting for SME businesses in Australia. Check out Shoebooks accounting software small business services and experience the advantages of our accounting online software solutions. Shoebooks is located at 127 Chestnut St, Cremorne VIC 3121, Australia. Call Shoebooks at +613-9818-1515. Visit us at http://www.shoebooks.com.au

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