What to Expect from an Outsourced Bookkeeping Service

There are a lot of businesses that choose to outsource their bookkeeping services to a private company. It is a great way to have your bookkeeping needs met, and it can save you money because you don’t have to provide benefits or incentives to a private employee. While this can often be a good financial choice, many businesses aren’t sure exactly what role a bookkeeping service will play in their company.
The first thing you should know about a bookkeeping service is that they are not a CPA firm and they are different from accountants. Bookkeepers will keep track of the ledger that outlines your company’s expenses. They do not forecast or find ways that you can save money. An accountant has gone to college to learn about the way the money in a business can be successfully run and a bookkeeping service will keep track of the money. A bookkeeper will not normally deal with your taxes either, that’s a CPA’s job.
Another role that bookkeepers don’t cover is that of payroll. A business will normally have another person that takes care of payroll, and a bookkeeping service will be in charge of entering all the money that comes and goes from the company.
One valuable role a bookkeeping service will play in a business is that of setting up a company’s financial records. They make it possible for businesses to easily enter in data about the money being spent.
They can also serve as trainers. As a business grows and changes, the roles of employees can change as well. In fact, there are many people that take over the role of bookkeeper without even knowing it. In this case there are bookkeeping companies that can come in and analyze the way the books are kept in the company and they can set up the ledgers so your company can work at its best.

Karla Dennis

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds.

Karla, CEO of consultancy firm Karla Dennis And Associates, Inc.™, has saved her clients thousands of dollars and has been featured in various media outlets such as Forbes, MSNBC, KTLA, Yahoo! Finance, and SmartMoney, marking her as the ultimate tax expert.

As of 2014, Karla became the new host on the “Mind Your Business” radio show, KTLK AM 1150, sharing her financial and business knowledge with the greater Orange County and Los Angeles areas. As a supporter of women’s rights and issues, Karla is part of the Women Network, an organization built to educate and mentor women. In addition, Karla is the radio host for Women Network Radio, a show that aims to uplift and empower women of all walks of life.