Definition
Outsourced bookkeeping involves contracting an external service provider to handle a company�s day-to-day financial recordkeeping, including tracking transactions, accounts payable/receivable, and payroll.
Related Services
Accounting services, payroll management, and financial reporting help businesses outsource their bookkeeping functions while ensuring accuracy and compliance.
Problem and Application
Outsourcing bookkeeping frees up internal resources but requires finding a reliable provider to ensure accurate records and timely financial reporting.
Conclusion
Outsourced bookkeeping provides businesses with cost-effective, accurate financial management, allowing them to focus on growth and core operations.
