Tuesday, September 14, 2010
The Rise of Offshore Development Outsourcing Services
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5 Reasons You Should use a Professional Accounting Firm
#1 Cost -
It is cheaper to hire a firm to handle your companies accounting, tax consulting, real estate tax services, and business valuation needs. It cost less to let an expert handle these vital areas of your business, rather than an ill-qualified full time employee.
#2 Cash Flow -
A professional accounting firm can assist a company with managing it's cashflow. It may sound simple, but there are a lot of moving parts such as capital expenditures, loans, interest, inventory, insurance and so on. Having adequate cash flow is essential to keep your business running. If you run out of available cash, you run the risk of not being able to meet your current obligations such as your payroll, accounts payable and loan payments.
#3 Specialization -
By outsourcing the companies accounting needs it allows your company to "stay focused" on what it knows best, for example: manufacturing and distribution or medical services.
#4 Reporting -
By hiring a professional accounting firm your company can get the benefits of having a CFO on staff without the high salary cost. Just like a CFO, they can create internal and external financial reports and establish sound financial policies and guidelines.
#5 Vision -
A professional accounting firm can assist in identifying customer and product line profitability. The vision for growth a professional accounting firm can provide is based on financial analysis instead of wishful thinking.
Today's businesses are asking for more than basic tax and accounting services. With offices in San Antonio and Austin Padgett, Stratemann & Co. offers business planning, advisory and work-force solutions that keep pace with your company's growth potential. Visit: http://www.padgett-cpa.com/
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