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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services

Achieving Savings through Virtual Accounting Services

Chalk it up to a fear of the unknown, but there are still an awful lot of key decision makers who are reticent to test the waters – let alone, take the plunge – into virtual accounting services. This stands in stark contrast to decisions made by those very same key players (CFOs and small business owners alike) to rush headlong into the cloud seeking affordable alternatives in the areas of critical enterprise data storage. So why the resistance to daily accounting software solutions and third party services capable of handling corporate financial duties?

Simply put, there are just a lot of people out there that feel much more comfortable outsourcing their IT needs than their accounting needs. And when it comes to something as sensitive and as close to the “heart” of business operations as finances, the instinct to retain close proprietary control is incredibly strong.

In the end, the solution may make itself evident through the passage of time, and an increased awareness about the viability of virtual accounting departments as a significant cost cutting technique. Cloud services are still relatively young, after all. But experts predict that it won’t be long before nearly all SMBs and large scale corporations have taken the approach of outsourcing their financial needs, utilizing daily accounting software as the portal through which accounts payable and accounts receivable are handled.

But there’s much more beyond the simple solutions offered by a virtual accounting department that companies are already taking advantage of, and that and more are sure to follow in suit. These include:

- Budgeting and forecasting duties
- Daily, weekly, and monthly financial reporting
- Planning and preparation for corporate taxes
- Customizable reports

Visit AccountingDepartment.com for more information on how your company can take the bold first step toward a unified virtual accounting solution.

 
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