Narith Business Services

Affordable Startup Bookkeeping and Accounting Pricing A proper maintenance of the bookkeeping and accounting is very important to achieve this. Most medium and small businesses can not afford high paying accounting staff which affects their efficiency level in accounting. Many businesses have experienced the reduction in the cost of outsourcing accounting services. There are also several other benefits of outsourcing the bookkeeping and accounting task for the business organization.  What are the benefits of outsourcing bookkeeping and accounting services? Outsourcing of bookkeeping and accounting services can be advantageous for businesses in several ways. Here are some of the benefits of outsourcing bookkeeping and accounting services: Reduce time There is a lot of time consumed in doing different bookkeeping and accounting activities. By outsourcing, you can save a lot of time and get the necessary task done at a faster rate. Eliminate errors & increase accuracy Some error...

Sm all business owner often believes in doing bookkeeping on their own. Owing to the scope of work and budget constraints, they think it is manageable either on their own or by hiring a local bookkeeper. Bookkeeping is an essential routine activity that records the inflow and outflow of finance. Accurate and proper books of accounts are essential to having a better understanding of the state of finances. It lays the foundation for the future path of the business. Does the local bookkeeper possess the necessary skills and expertise? Do they provide a customized bookkeeping solution to specific business requirements? Here, outsourced bookkeeping services for small businesses come to the rescue. Outsourcing small business bookkeeping to a professional service provider like us provides accurate bookkeeping by qualified and experienced experts at an affordable price. Small business bookkeeping is essential in budget preparation, tax return preparation, financial management, better decision-...

A merchant account is a type of bank account that allows your business to securely accept electronic payments. Now that online payments via credit and debit cards have become increasingly popular, making cash and check payments less common, a merchant service account offers flexibility in terms of accepting online orders. If your business is going to offer online payments to customers, a merchant account must be established to set up credit card processing capabilities and accept mobile payments. This can add value to your business in a few of ways: Image:- Outsourced Accounting and Financial Services - Narith Business Services 1. By accepting credit and debit card transactions your business can prioritize its customer experience by eliminating any friction in the buying or payment acceptance process, granting your consumer the flexibility to make purchases with ease. 2. It can directly increase sales, improve cash flow and the overall growth of your business by capturing more c...

What do you call an accountant with an opinion? An auditor! I honestly have no idea if that joke is funny within the auditing world, but it seemed to be the most fun accounting/auditing joke on the first page of Google. Jokes aside, there are differences between the two professions even though they are closely related to one another. Knowing these differences can save you a lot of time when hiring for roles, but realistically, if you're looking for one or the other, you have the general gist of what the differences are. This is more for those people who have no idea but want all the main points written as headlines and without the need to read more than one or two sentences per paragraph. Cheers to you! Defining Both Accounting And Auditing Jobs Accountants do accounting, which is basically managing and reporting all monetary records of a company or organization. Image:- Financial outsourcing Services - Narith Business services Auditors perform audits, which essentially means doubl...

With the number of employers allowing for work from home or hybrid setups, finding ways to stay competitive in any industry is getting increasingly difficult. The solution to this problem comes in the form of overseas business process outsourcing companies. These companies offer remote professionals for any industry you need. In the case of financial professionals, BPOs have the solutions you need at price points that allow you to compete with an advantage. What Is A Remote Accountant? While this term refers to an accountant who works outside of an office setting, I'll specifically be talking about the offshore variety. The remote accountants offered by BPOs come at a significantly reduced cost, making them the most cost-effective and reliable solution in terms of remote options. Most, if not all, remote accountants nowadays will be using cloud-based accounting software. In the same way, a square can be considered a rectangle, but a rectangle can not be a square; an outsourced ac...

Keeping track of business finances can be a pain. For most, this becomes a problem due to the frequency that assets have to be transferred. Larger companies can afford a proper financial department and will not need to worry about this, but small to mid-sized businesses often will need outside help or in some cases, a dedicated financial professional, in order to properly manage their finances. This is where outsourcing and full-service BPOs come into play. For a cheaper cost, you can hire financial professionals remotely. These remote staff bring benefits such as saved time, better organization, and control. Full-Service BPOs Business process outsourcing centers have helped connect businesses with professionals all over the world. The solutions they provide for businesses help to save time and money. However, it's only recently that the barrier to entry has lowered. In the past, only companies of a certain size, namely the Fortune 500, have had access to outsourcing. Outsourcing...

While a lot of people are already enjoying the fruits of outsourcing, there are still people who are skeptical about the thought of having an offshore staff. One of the major arguments about outsourcing is that it's taking jobs away from locals, but the truth is, current employees can even benefit from it. Outsourcing is not about firing in-house employees but hiring staff offshore so that businesses can operate more efficiently and effectively. How is outsourcing helpful to your employees? 1. Employees can upskill. Upskilling your workforce benefits your business. It also gives employees a sense of purpose with their company. 2. It reduces workload. When employees are bombarded with overwhelming workloads, reaching goals is almost impossible. Employers need to understand that you can't expect more productivity out of a few employees. Image:- Finance and accounting Outsourcing - Atlanta,GA 3. Employees can focus on bigger responsibilities. A company in Australia outsourced...

There are many benefits to outsourcing backend work, the two biggest benefits are saving money and time. Say you decide and take the leap to contact a business process outsourcing (BPO) company for your financial needs, they tell you about all of their services, and now you're stuck. Which service works best? Which is the service that will bring you both monetary savings and allow you to have more time in your day to do other things? The two main outsourcing service styles that work best for financial staff would be: Remote Staffing Hourly and Project Based Each comes with its own benefits but in most cases, one will fit your immediate business needs better than the other. Remote Staffing A full-service BPO gives you access to high-level staff all over the world, effectively expanding your recruitment efforts to a global scale. The most common service style in these types of companies in the remote staffing model. Essentially, you're getting a high-level professional to work ...