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Using Outside Accounting Services

 

Many firms elect to use outside bookkeeping and accounting services to handle the major aspects of the
record keeping, especially as it relates to government tax filings.

This may be the most efficient use of a business owner's time. To try to be an expert in accounting, and to try to keep up with the changes that occur in the field can be prohibitive for a business owner. So the use of a professional to help design, change, and implement the necessary bookkeeping systems is certainly a viable option.

Conclusion

Decisions on accounting and bookkeeping issues are important for businesses, especially in the early stages. The purpose is two-fold:

1) To meet government requirements, AND,
2) To increase the business chance for success by providing timely, efficient, and informative data with which to make comparative choices.

While it is usually easier to make these choices at the start of the business operation, this is not always possible. Businesses change along the way. In fact, running a business is not a static event; rather, it is a dynamic. These changes may necessitate corresponding changes in the accounting method, year, or bookkeeping system being used.

With few exceptions, it is strongly recommended that a business owner consider using an outside professional for at least some of the decision-making process here. The expeditious use of this type of assistance in the earlier stages of development can go a long way toward achieving the maximum business success possible.

9 Responses to Using Outside Accounting Services

  1. Hi, nice article. I really like it!

  2. Hi, thanks for sharing. I’m wondering if it’s OK to copy some of the text in my site?

    • Steve says:

      You are welcome to reference some of our text as long as you provide a citation and a link to our site.

      • Rio says:

        We use Quickbooks on two computers. Computer 1 hosts the comnapy file and Quickbooks while Computer 2 has Quickbooks and accesses the comnapy file in multi-user mode.We need to switch the arrangement and have Computer 2 host the comnapy file. How do we do that?Thanks very much!

        • Steve says:

          You would need to back up your QuickBooks File and then restore it on Computer 2. Depending on the version you are running you may also need to reinstall QuickBooks on computer 2 and install the files sharing on that computer as well.

  3. Peter Heller says:

    Hi, thanks for sharing. I’m wondering if it’s OK to copy some of the text in my site?

    • Steve says:

      You are welcome to reference some of our text as long as you provide a citation and a link to our site.

      • Gregorio says:

        I have purchased a new comtpuer with Windows 8. I would like to transfer my Quick Book files from the old comtpuer to the new one. I have Quick Books Pro 2003 which is an older version, that I still use, and everything is already setup to my operation of business. I did not want to purchase a new version with all the bells and whistles, and have to start over, in setting up and learning all over. I do not connect to the internet with this software. Can transfer be done????

        • Steve says:

          Only QuickBooks 2013 is certified and supported on Windows 8. We reccomend that you upgrade although your 2003 may work their is no way of knowing for sure other than to try it. Even if it does work, if and when you have a problem you will not be able to get support.  Add to that you got a 10 year life our of your copy of QuickBooks 2003 that brings your software cost down to about $39.00 per year.  QuickBooks will automaticly upgrade your files so you will not have to redo your set-up and all your data will be upgraded and avaliable in the new version with out a need to reenter anything.

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