Advantages of Outsourcing Back Office Operations

When you outsource your bookkeeping to Scalability, you’re not just shifting responsibilities. Scalability’s expert team leverages a wide range of software tools and integrates them into cloud-based accounting programs like Xero. The result: Greater efficiency, improved cash flow and one less chore for you.

What’s the Scalability magic formula? Productivity-enhancing software tools, using the right level of staff for a task, vast experience with a range of businesses, and accounting expertise.

Many small businesses still employ desktop accounting software. While this can work well, it doesn’t take advantage of efficiency opportunities available with cloud-based programs to integrate various software tools. Xero automatically loads data from a variety of sources, including:

·       Expenses: Scan your receipts immediately after purchase. Dext uploads the data and places the expense in the appropriate category. Your books are immediately up to date.

·       Bank accounts: Deposits and payments are downloaded daily so that your bank balance is always accurate.

·       Invoices: Invoice fetching programs retrieve supplier invoices and pay them, saving you time. Pluto integrates your accounts payable and offers fraud protection. Programs like Rotessa can automatically withdraw money from your customer’s account when their payments are due.

·       Payroll: Integrate time-tracking and payroll data to support direct deposit of employee paycheques. Ensure accurate and on-time payments.

Scalability applies appropriate resources to every project. Many medium-sized businesses employ an accountant, but his or her tasks often include simple bookkeeping. That’s like hiring a master electrician to change light bulbs.

Most companies find that Scalability saves them money, as well as improves business practices. Consumer Choice Award cut its bookkeeping costs by 75 percent when it switched from an in-house accountant. “We hired Scalability in 2015 and a day doesn’t go by without me celebrating that decision,” says CEO Jack McFadden. “It is somewhat counter-intuitive, but outsourcing our accounting gave us greater control over all aspects of our business.”

Contact us to learn how Scalability can help your business to be more efficient.