One of the biggest headaches of a company or business is its accounting department.  Aside from losing focus on the goals of the business more time are expended on accounting.  Instead of managing a transaction speedily, it gets trapped in the bottleneck of the accounting department leading to annoyed customers and even loss of them.  So, what about outsourcing accounting services? More and more Australian businesses are learning of the huge benefits of outsourcing their accounting and bookkeeping processes offshore to the Philippines and India. These highly trained graduates understand Australian tax law and have worked closely with other Australian companies.

Even individuals are not exempted from the need of an accountant.  Why?  Because each of us are required by law to pay taxes and in order to pay our taxes we need to keep track of our income and expenditures and know about tax accounting.

So why not outsource these Accounting needs of yours to accounting service providers who are well-equipped to meet your accounting needs at a very cheap cost?

Basic Bookkeeping or General Accounting

This service is provided to help the individual or business in recording of transactions on its specific and correct heading or books.  These transactions may include but are not limited to:  disbursements, receipts and sales.  This service also provides the business entity or individual ledger postings, adjustment of financial records and preparation of income statements, cash flows and balance sheets.

These tasks may sound easy but a single mistake in journal entry can have a domino effect on your balance sheet.  That is why it is a good advice to hire the services of an online accounting service.

Quickbooks Management or MYOB

Luckily, there are accounting software to help you in your accounting needs and one of these tool is the Quickbooks software.  Easy it may seem, but if you are not well-versed in the world of accountancy your records could easily look like trash.

But, worry not because there are also virtual accountants here that are also well-versed in quickbooks.  They will be the one to handle the entry of data to the correct heading.  This gives you as the employer lesser accounting time and the capability to generate reports on monthly sales, expenditures, cash flow and the likes.  All of this can be done with just a click of your mouse because all the work was done by your virtual accountant.  Fast, easy, hassle-free and cheap to boot!

Account Billing and Follow Up

Another great accounting service that is offered by freemycloud.com is to bill your customers and follow up on them for timely payment.  This is easily done by the virtual accountant as he or she updates your books of accounts daily, likewise she or he can check out the people who have near due accounts and send out their bill for speedy billing and payment process.