Outsourcing Your Accounting
entire accounting function of your business can be outsourced.
We can do all transaction processing, accounting, cheque
preparation, payroll, and filing off-site.
is how it works: we pick up vendor invoices, deposit reports,
and other source documents from your office on a regular
basis. We process your transactions in an accounting database
and prepare cheques to pay your vendors. We deliver cheques
to your office for signature and mailing.
Southam Consulting Inc. prepares financial reports on a
monthly basis. We meet with you regularly to discuss your
financial statements and any business issues that arise.
of Outsourced Accounting
Cost savings are realized due to the increased flexibility:
you only use services as needed.
fixed cost of the accounting function becomes variable.
Fees will vary with the level of business activity.
allows you access to professional finance and management
services at a fraction of the the cost of salaried employees.
year-end fees result, as accounting records are always
up to date and accurate.
planning opportunities are available as income can be
projected prior to fiscal year end.
flow management ensures that the company will meet its
financial obligations; or if there is a cash flow issue,
the business owner is aware of it long before the consequences
remittances are made on time and accounting records are
in order ensuring compliance with government regulations.
profitability due to timely financial reports and analysis.
investment in equipment and administrative costs (computers,
software, desks, office space, and personnel).