Why is Outsourced Bookkeeping for CPAs needed?

If you are Certified Public accountant's, time is your enemy. The workload is plenty, it is essential for CPA's, however, to have time for new clients and increase the overall revenue of the business.

Day by day, the accounting industry is becoming much more competitive for CPA firms. To stay ahead, they not only have to deliver services consistently but also have to be more flexible where the timelines are concerned. It’s not uncommon for small outsourced bookkeeping for CPAs firms to spend most of their time doing basic routine tasks and not have enough time for business expansion or growth.

As the workload increases, firms can look for local talent to contribute but do you really want your CPA firm to get bogged down with the burden of managing a whole new set of employees? 

Even if you consider freelance or part-time bookkeepers, Firms are not always comfortable sharing clients' information with freelancers.

A smart CPA would focus more of his time, addressing matters that require more expertise and knowledge, rather than spending all their time under paperwork. 

Sorting out financial disclosures, doing tax planning and investment strategizing for your clients can be delegated to a 3rd party services provider.

BIKHAM FINANCE will make your life easier!

Bookkeeping isn't all about counting numbers, small businesses can afford to do it themselves but when huge sums of money are involved, it has to be performed carefully. 

A mistake can cause be costly.

Hence, it is important to partner with a credible partner who undertakes this cumbersome task with a guarantee of perfection and someone with a history of other satisfied clients. We provide such outsourced bookkeeping for CPAs and CPA firms. Many businesses are effectively utilizing our services to save time and become more profitable.

We have experienced CPA's, skilled at using varied accounting software like Sage, Intuit, Peachtree, QuickBooks, Quicken, Net Suite, Intuit and Microsoft Dynamics GP etc. We can ensure that all your bookkeeping work would be completed accurately and within short deadlines. Outsourced bookkeeping for CPA's is a boon for CPA firms one who wishes to expand at a fast pace and minimize the costs at the same time.

Partner with us today and see how we can bring a change to your business.

BIKHAM boasts of 13 years of hands-on Industry experience, 100% HIPPA compliance and ISO/IEC 27001:2013 accreditation

How important is an accounting division to businesses?

The Fact.

Most businesses simply cannot thrive without having a dedicated department. The stakes are too high, market competition is fierce and every penny counts. 

There are businesses however that have in the past and still rely on the DIY approach.

Is it really a feasible option?

The Problem.

Start-ups, Small businesses work on tight budgets and skilled expertise is expensive.

Besides, business growth is gradual, business owners can take the risky route and try a hand at accounting themselves.

Outsourced Bookkeeping for Accountants can be a real pain if not done the right way.

What more, it is time-consuming. Especially for someone trying it for the first time.Surveys indicate that a company loses 16 hours a week on average on Accounting related tasks.

Business owners need to ask themselves if they have this much time to spare.

As the business grows, the numbers become daunting very quickly, a simple mistake made can cost a lost, not to forget penalties or loss of clients.

Hiring an accountant then is imperative. 

The Easier way?

A smart businessman would outsource this cumbersome task to save his time, money and brainpower which could rather be used to innovate and expand. 3rd party Outsourced Bookkeeping for Accountants firms know the ins and outs of different businesses. Years of experience working with varied clients allows them to provide up-to-date staff and a mistake-free financials to businesses of all sizes.

Shifting the burden of day to day accounting leaves plenty of extra room to focus on brand marketing, research, and development, which in turn fosters growth. 

A man of numbers would consider both sides of the fence before deciding how to maintain his books. 

Outsourcing costs – considering time and money would be lower than having an accounts department at under any given circumstances.

The choice then seems easy.

With over 13 years of on-hand Industry experience, Bikham Finance are the perfect choice to the firms. We help you to act out of your limitations.

Growing your business with Outsourced accounting and book-keeping services

Performing bookkeeping on your own is a real balancing task. It is essential to maintain an up-to-date and accurate set of books but, on the other hand, it becomes a distraction from your core business functions.

Why not outsource?

Outsourcing book-keeping services saves time and money and offers you that much needed peace of mind. Outsourcing can offer businesses a lot of benefits. Not only it can save huge sums of money, it can provide owners the much needed time to grow the business and work with new clients.

Some of the ways it can help businesses are:

•High Level of Accuracy

Outsourcing ensures that the services are precise and well organized.

•Updated tools and software

The finance tools and payroll software employed by the other company are reliable and can deliver fast services.

•Actionable financial reports

You get access to regular financial reports which help you analyze your progress and keep track of your performance, profitability and drive financial growth.

•Saved Resources and Reduced Costs

Outsourcing reduces the number of employees, automatically reducing payroll expenses and benefits expenses. It eliminates the cost of training for a newly hired staff. Additionally, Zero investment in hardware, such as computers, file servers or accounting software ensures an increase in revenue.

•Complete Access to information

You get 24/7 access to all your data, regardless of whether you are in your office, home or traveling.

•Manage Less

Professional outsourcing companies take the responsibility of replacing bookkeepers and accountants who leave and conduct necessary training. So you have to manage less.

•Improved Control

You definitely get more time to focus on your core areas and with a team giving you the best results, you undoubtedly gain better control over your business.

What Outsourcing has to offer?

Outsourcing offers you a wide range of benefits which help you focus on core areas and save a big part of your expenditure on basic infrastructure and technology. The accounting work gets done faster and better and you have access to skilled resources. 

All the intricate tasks including 

• Payroll management, 

• Accounts payable, 

• Credit card reconciliations, 

• Tax reports, 

• IRS audits representation, 

• Book-keeping, 

• Strategic planning, 

• Business consultation,   

And many more are taken care of completely by the staff of outsourcing company.

Reliable, professional outsourced accounting services, and a strategic financial advice can make a huge difference in the growth chart of the accounting business. So no matter where you are at present and where you want to see yourself, having a business partner in accounting services you can trust is to be made sure of. 

Outsource your accounting services to Bikham. Contact us today!

Outsourcing bookkeeping and accounting services for CPAs

CPAS are well-versed strategic business advisers and decision-makers. They act as consultants on many issues, including bookkeeping and accounting. With many years of experience, they have knowledge that businesses want to tap into.

One of the common questions that arise is whether your organization needs a full-time accountant?

A company needs an accounting professional who focuses on its day-to-day financial records. The outsourcing bookkeeping and accounting services is a less expensive option as compared to in-house services. Accounting firms either small or large require the skill of a CPA, as they have much more to offer. They provide an organization with a path to extra wealth and help individuals, accounting firms, and other organizations to reach their financial goals.

Whether you want to save money, time, or both, you need to Outsource bookkeeping and accounting services.

It means now your organization doesn’t have to pay for the overheads, vacations, sick leaves, payroll taxes, and eliminates hiring and training costs. They make sure what “tax benefits” your organization is eligible for. They consider your business as their own by providing business insights and financial advice. They give timely, relevant advice to their clients and the ability to work at whatever pace the client desires.

Why does your organization need some professional help?

1. CPAs are constantly paying attention to the changing tax laws so that an organization never misses something important.

2. Let a CPA help you in improving your card ratings.

3. There are many tactics which can help you in getting out of debts, but most of the organizations are not aware of these. Guess what? Your accountant does.

4. CPAs are eager to work for your organization and even appreciate your business.

5. If your organization owes any historical taxes, then CPAs are ready to figure out strength-based solutions.

With 13 years of on-hand industry experience, Bikham Finance allows us to stand out from the crowd. With the ISO 27001:2013 accreditation, our bottom line has grown up just enough to be able to support your bottom line. In the end, this one decision can end up saving you thousands of dollars.

Bookkeepers as "Tax Strategists"

Accounting services include complete bookkeeping services, issuing payments, producing monthly reports, processing accounts payable and tax preparations. Bikham information technology provides you with an advisor and a financial interpreter. They maintain and update your accounts at a cost much lower than hiring staff locally. Your business demands accounting needs and they are fulfilled by Bikham.

Benefits of Outsourced accounting provided by our firm:

1. Payroll processing

2. Helping you understand the balance sheet

3. Maintains profit and loss statements

4. Data is secure

5. Cash flow analysis

6. Budget analysis

Payroll is defined as the total amount of wages paid by a company to its employees. Payroll process includes pre-tax deductions, state payroll filings, and related payroll issues.

A Balance sheet is a financial statement which includes assets, liabilities and owners equities.

Assets include short-term certificates of deposit. By the term certificate of deposit, we mean there is an agreement according to which you receive an amount of interest for depositing money.

Liabilities include long-term certificates of deposit.

Owners’ equities represent the net value of a company.

These sheets are prepared at the end of the month or year-end. These balance sheets turn out to be a report of how the company has performed over time.

Profit and loss statement is the statement of operations, statement of income or statement of earnings. These statements give a conclusion regarding the revenues and expenses generated by the company over time. These statements include:

Net sales

Cost of goods sold

Gross margin

Net profit

Outsourcing accounting is defined as handling all accounting work to an accounting expert. This is done to ensure that the financial goals are met.

At Bikham, the accounting services offered to CPAs are:

1. Clear view of the financial health

2. Bookkeeping services

3. Documentation and financial reports on time

4. Payroll

5. Taxation and other value-added services

CPAs demand bookkeepers and consultants which are highly expensive and most of the firms are not ready for the huge upfront investment. But at Bikham Finance, you get an option of getting this work done at a cost much lower than hiring these advisors. They provide you with balance sheets, income statements, cash flow statements, and detailed general ledger reports on time at a nominal cost. These services have reduced accounting hassles and offer efficient services and interesting business advice to the clients. Clients having overheads that come in the form of accounting staff and dealing with complex payroll work comes to an end when you start working with us.

With over 13 years of on-hand Industry experience, we are the perfect choice to the firms. We help you to act out of your limitations.