We often get asked why work with a bookkeeping team vs an individual bookkeeper.
Here are few key differences
1. No Downtime
A common first outsourced contractor for business owners is a single individual bookkeeper. When service level is based on a single individual, there will be times when it just isn’t working due to illness, vacation, growth, education level, or changes in technology. When I started my business in 2001, I was that single individual business owner and I know far too well that the work waited when life had other plans.
Working with a firm that uses a team approach puts the business owner ahead of that curve. The ADI Accounting Team breaks the accounting process down by department first and then uses a core team of three that prepares, processes, and reviews all work for our clients. The team concept allows for back-up during vacation and illness, resulting in consistent service level.
2. Fraud Protection
The seven years prior to starting my own business, I worked in public accounting . During that time I experienced the after affects when a business experiences fraud. Fraud happens most often when the work is performed by a single individual bookkeeper with very little to no review process by the owner.
A team concept adds a level of fraud protection. Keys to preventing fraud:
3. Technology Focused
Businesses that will be successful in the long term are those that stay current with technology and education. This is even more true when choosing your financial team. Seek out service providers who invest in keeping current with technology and values continuing education for their team.
4. Consultant Level Management
As a business owner I know what it is like to juggle all aspects of the business: service delivery, team management, sales, finances, cash flow, janitor, receptionist, visionary, leadership, and CEO. At times I just want someone to step up and take care of it; just do it.
Working with a team means you have someone else that will just handle it. No more being in total control of every aspect. Your accounting team has it handled.
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