Why should I outsource my bookkeeping to LedgersOnline?
Frequently Asked Questions (FAQs)
We specialize in providing reliable and ongoing bookkeeping services to companies that want to eliminate the overhead and resources required in maintaining their bookkeeping in-house. There are often challenges with finding a suitable part-time in-house bookkeeper, resulting in staff turnover and added training costs. Because of our experience, we believe we can hire better qualified and more experienced staff than you could on your own.
Will I still be required to supervise the bookkeeping process?
We can also work with your current accounting system and personnel to fill in any holes and help you get more relevant and timely information to make key business decisions.
You will no longer be required to supervise bookkeeping tasks. We assign a dedicated LedgersOnline staff member to perform these services at a high level so you can focus all your energies on building your business. What you will benefit from is having up-to-the-minute financial records at your fingertips (from anywhere in the world) to help you make the right decisions to manage and grow your company.
Who will supervise the bookkeeping function?
We have professionally designated Chartered Accountants experienced at managing accounting and financial functions for companies across various industries. We can even help support your existing in-house staff. If you have employed a part-time or full-time bookkeeper, we can conduct a monthly or quarterly review to help streamline your financial reporting and workflow.
Who will perform the year-end financial statement and tax return services for my business?
We can work with your existing accounting firm so there is no need to change existing relationships. Should you have a need for an outside firm to perform additional services at year end, we can work with you to provide a solution that will meet your needs. Our staff is well trained so that your financial records are in great shape each month of the year, which can provide the benefit of lower year-end accounting fees. Your accountant will be pleased you integrated LedgersOnline into your financial management.
Who works for LedgersOnline?
We have a staff of permanent, North American based employees who are dedicated to making a difference for our clients.
What can I expect from the LedgersOnline personnel?
You can expect us to maintain a high level of integrity and to develop an honest, personal, long-term relationship with you as our client.
What if my accounting needs fluctuate?
LedgersOnline is flexible in the services we provide. Should your needs increase, decrease, or change in complexity, we can change along with you. Likely, we’ll be the first to notice when a change might be applicable to your situation — and we will pro-actively discuss these changes with you.
What about costs?
Our rates are competitive. When you compare the cost of recruiting, salary, taxes, benefits, and turnover, our costs will normally be even lower than expanding your own staff.
Do I need to change my accounting software?
LedgersOnline supports all of the popular accounting packages in today’s marketplace. In addition, we use the most updated versions of these software packages. We free you from mundane tasks like installing updates and patches to your accounting software.
How do I know my records are accurate and my data is safe?
Our team is composed of CA’s, accountants and well-trained bookkeepers. We have outstanding security and backup procedures throughout our system. We have qualified and experienced network administrators to take care of the data you have entrusted us with, making it secure and available on demand from anywhere with an Internet connection.