You can choose whether to spend your time handling your daily bookkeeping, or spending that time building yourbusiness or creating memories with your family. If you'd rather be out living your life, you can simply entrust your typical financial transactions— check stubs, deposit slips, statements, revenue sheets, and other records—to a firm like International Outsourcing who will handle all your financial record-keeping.
We understand that proper bookkeeping and accounting is one of the most tedious tasks in running a business, yet it is one of the most important. Why? Because the three most common reasons small businesses fail are:
Lack of bookkeeping and accounting
Commingling of business with personal finances
Many small business owners simply lack the time, understanding, or tools to maintain proper accounting records. Luckily, financial guidance and understanding are part of our Monthly Service.
We provide you:
Bank reconciliations for each bank account
Statement of assets, liabilities, and owner's capital
Profit and loss (P&L) statement
General ledger showing the transactions behind your financial statement balances