Why Accounting Firms in the UK Must Consider Accountancy Outsourcing Services Amid COVID19 Pandemic

The rapid outbreak of the COVID19 pandemic throughout the world has had a severe impact on the global economy. Not only local businesses including accounting firms across the UK, but big brands also experienced a huge impact on their revenue. Adequate measures are taken by the respective governments to help businesses bounce back, but there are still many businesses struggling to cope up with the loss due to the COVID19 pandemic. Reducing staff and putting cuts on salary are some steps taken by businesses to overcome the impact of a pandemic, but there’s one more thing worth considering to increase your profit margin, and that’s accountancy outsourcing services.

Accountancy Outsourcing Services

 

Accounting firms/practices across the United Kingdom have the option of accountancy outsourcing services through which they can reduce their operational cost. Outsourced accounting services are low cost, highly professional, and most importantly, it offers you free time which can be invested in finding new business prospects. If you are an accounting firm/practice in the UK, then here are some solid reasons that might motivate you to consider outsourced accountancy services, and they are;

  1. Reduction of Costs: Affordability is the foremost advantage that you can enjoy by considering accountancy outsourcing services amid the COVID19 pandemic. When you outsource, you don’t have to worry about hiring a full-time resource, paying them every month, setting up a workplace, and bearing extra expenses. By outsourcing, you can easily reduce your operation cost without compromising on the quality of the work. If you want to know how much you can save using accountancy outsourcing services, then feel free to contact Affinity Outsourcing.
  1. Hire Skilled Resources: That’s one more advantage of considering outsourced accounting services for your accounting firm – you get the chance to work with highly skilled and experienced resources at affordable prices. You can easily hire a professional with a higher level of expertise at the best prices. Resources at an outsourcing firm like Affinity Outsourcing continuously enhance their skills to offer UpToDate services as per the trends and changing tax regulations and compliances to stay competitive in the market.
  1. Get Pro Financial Advices: When you partner with an established outsourcing firm, you automatically scaleup your business values by offering timely and accurate accounting and bookkeeping services to your clients. Apart from that, you also tend to receive highly professional financial advice that can lead to remarkable financial stability so that you can easily overcome the aftershocks of the COVID19 pandemic.
  1. Eliminates the Stress of Hiring Process: Believe it or not, but hiring an in-house resource that meets your expectations in your budget can be stressful. From publishing ads to making a phone call, the entire hiring process is time-consuming and stressful. And, at the end of the day, if you doing find something you are looking for, your entire hard work goes in vain. On the other hand, when you consider accountancy outsourcing services you directly save yourself from all this stress. Moreover, outsourcing services are more affordable than hiring an in-house resource. Also, the pay-as-you-use module allows you to pay only for the services you use.

Need a Free Quote? Email us at: info@affinityoutsourcing.net

Accountancy Outsourcing Services is truly rewarding, especially if you are a small or medium-sized accounting firm/practice in the UK. Not only during or after the pandemic, but outsourcing services are worth considering at almost every stage of your business. If you have any questions related to pricing (hiring) or service quality of outsourced accounting services, then feel free to contact us for a free consultation. To schedule a free consultation, you can call us at 020-3794-0514 or visit the pricing page at https://affinityoutsourcing.net/pricing.

Why Accounting Firms in London Should Consider Affinity for Accountancy Outsourcing Services?

If you are an accounting firm in London experiencing a shortage of skilled workforce (bookkeepers and accountants) due to the COVID19 pandemic, then it’s time to consider Affinity Outsourcing for accountancy outsourcing services. For a free consultation to understand more about pricing and hiring modules, please contact us at https://affinityoutsourcing.net or call us at 020-3794-0514.

Located in the heart of London city, Affinity is an outsourcing firm offering highly professional accountancy outsourcing services to accounting firms in London and across the United Kingdom. Whether you are an individual accountant in London thinking about offloading yourself or an accounting firm looking for skilled resources at affordable prices, Affinity Outsourcing has got you covered in all the aspects of outsourced accounting services. Here are some key reasons why you should consider Affinity Outsourcing for accountancy outsourcing services, and they are:

  1. Trained and Certified Professionals: Affinity Outsourcing has teams of highly skilled and certified accountants and bookkeepers in the United Kingdom. All the team members are highly expected, certified, and possess a proper understanding of all the Tax compliance in the United Kingdom. Thus, when you contract Affinity Outsourcing for outsourced accounting services, you can rest assured about highly professional and UpToDate services.
  1. Affordability: Affordability is one of the top reasons behind outsourcing; however, if you are looking for better and highly professional accounting services in the UK then, there’s nothing better than Affinity Outsourcing. Whatever is the size of your business, whatever is your turnover, or whatever are your requirements, Affinity can cover all your requirements while staying extremely affordable. To learn more about affordable hiring modules or pricing, please visit https://affinityoutsourcing.net/pricing.   
  1. Data Privacy: When you are sharing crucial financial data with your outsourcing partner, you are always worried about those data getting leaked or hacked, but that not the case at Affinity Outsourcing. At Affinity, committed IT policies ensure the information on servers, PCs, and messages inside the workplaces and reliably work to best-rehearse structures. We have 3-stage security in place to ensure the complete safety of the data provided by you. Every workstation is secured with Anti-Virus and Fortinet Firewall Protection.

Contact us for a free demo:

Apart from the above-listed reasons, there are plenty of other reasons to consider Affinity for accounting outsourcing services in London. Affinity’s accountancy outsourcing services ensure complete peace of mind and let you focus on your core business activities. Applying the knowledge and skillsets of our team allows us to support our clients by providing them with up to date information for their business. To learn more about the services and how they can benefit you, you can request a free consultation or a monthly demo of the accounting services. To request a consultation or a demo, please call us at 020-3794-0514 or visit https://affinityoutsourcing.net/how-it-works.

Accountancy Outsourcing Services UK: Signs Indicating Your Accounting Firm Needs Outsourced Accountancy Services

Being an accounting firm in the UK, we understand that maintaining a balance between your core business operators and maintaining your clients’ accounts and books quire a tiring task. Moreover, sometimes due to lack of qualified resources and excess workload you have to stretch overnight. If you are facing any of the problems and feel like you need a professional helping hand to take care of your clients and books while staying affordable then it’s time to consider Accountancy Outsourcing Services in the UK. However, if you are feeling that outsourced accountancy services are not for you or won’t adjust with your business model, then here some signs that indicate that your accounting firm in the UK requires outsourced accountancy services, and they are:

You Cannot Spend More Time on Your Core Business Processes: Back office tasks of your accounting firm such as inventory reporting, payroll as well as managing receivables and payables are very important. However, they also take a significant amount of time away from your core business.

Outsourcing your accounting or your clients’ accounting needs transfers these critical tasks to a team of experts, freeing up your time to focus on value-added activities such as building better client relationships, exploring new partnerships, and expanding your business.

Your In-house Resource Has Let You Down Too Many Times: Many accounting firms across the UK hire part-time or full-time accountants to manage their clients’ accounts and books, but what if your part-time in-house accountant or bookkeeper:

  • Is unable to keep up with changing tax regulations?
  • Often goes on vacation for two weeks?
  • Leaves you entirely without informing?

Although this is a conventional way to find an accounting solution for your business, when you’re relying on a single person to keep your clients’ accounts up-to-date it leaves your business at risk. By hiring outsourced accountancy services in the UK to manage your clients’ accounts and books, you gain access to an entire team of professionals who are available whenever you need them to be. This ensures business continuity and also gives you peace of mind.

Your in-house Resource is More Expensive: Aside from the risk of entrusting your precious financial documents to a single person, there is also the issue of cost. A typical full‐time accountant in London can costs you something your small accounting agency cannot afford.

On the other hand, the accountancy outsourced services in the UK are more dependable and affordable than the full-time or part-time accountants and bookkeepers you hire. Outsourced accountancy services are available at a fraction of the cost of having someone in-house who may or may not be meeting your business requirements in the first place.

Contact Affinity Outsourcing for Bookkeeping Services

As your small accounting firm shapes into a large one, Affinity Outsourcing allows you easily customize the scope of work required and tailor solutions to fit your budget. Leveraging our scalability means you get to save the time, cost, and hassle of adding personnel in-house.

To know more about our accountancy outsourcing services, please visit us at https://affinityoutsourcing.net. We offer a free consultation on pricing modules, how our services work, and how it can benefit your accounting firm in 2021.

Accountancy Outsourcing Services in London: 4 Important Security Questions to Ask

Being an accounting practice in London, you want your clients’ accounts to be managed professionally and accurately. For that you need to hire an in-house accountant or even a part-time bookkeeper to complete the work on time and to maintain the reputation of your firm. But always hiring a full-time accountant is not an economical solution, when you have the option of accountancy outsourcing services in the United Kingdom. Outsourced accounting services offered by companies like Affinity Outsourcing is an ideal solution for accounting practices in London.

As you are sending a great deal of sensitive financial details to a third party, here are some truly important security questions to ask and they are;

  1. Physical Security within the Office Premises: Before you think about the security of the electronic data, make sure the places where servers and other financial records are stored are properly secured. Also make sure you have every information about the type of access employees have to record area or databases – figure out whether the server room is secured, and if secured, then what types of security measures are in place. If you are partnering a remote staffing company, ask them what steps are in place to monitor the location and dissemination of data. Make sure virtual employees are logged into secured servers that don’t allow for transfers of information to local computers or local printing.
  1. Encryption Security on Their Website and Login Portals: The most common encryption method uses an SSL Certification for 128-bit or 256-bit encryption for sending files to the website. This type of encryption prevents the information from being recovered in plain text by any hackers sniffing packets, preventing them from decoding the details sent to the accounting firm. If your outsourced accounting company is sharing and receiving the client’s data via cloud storage or file room, then make sure to find out what security features are in place to protect access by third parties.
  1. What About the Older Data You’ve Completed Working Together: Once the allocated tasks are finished, try to find out what your outsourced accounting partner is doing with those older files and data. Is it storing it somewhere for a specific period of time? Are they destroying / deleting the data after giving you the copies of finished tasks? Or Are they still saving it? Make sure to know, in writing, what also happens to your files if you choose to end your relationship with your bookkeeping service.
  1. Security Measures in Case of Data Breach: Data breaches are quite common these days; therefore, find out exactly what policies the company has put in place to lower the level of damage, compensate the affected, and recover the breached data. What alert system is kept in place. When will you be updated about the data breach. So, to overcome all these questions, make sure the company you hire has a solid emergency action plan in place before an emergency occurs.

Partnering with an outsourced accounting services provider can be frightening if you are not aware with data security and technology related to it. Therefore, before you choose an outsourced accounting and bookkeeping firm, you get answers to all the question listed above.

If you are an accounting practice in London, and considering using outsourced accounting services for your bookkeeping, then we can help you weigh your options and needs. We have plenty of flexible hiring modules with proper security standards in place. For a free consultation and quote, please contact us at http://affinityoutsourcing.net.

Looking for Professional Outsourced Accounting Services in London Amid the COVID19 Pandemic? Here’s a List of Best Engagement Models for You

Being an accounting practice in London you have decided to resumes your services, but not able to manage the overloaded stuff. Do you need help in offloading yourself and your business amid the COVID19 pandemic? To efficiently manage your workload and to focus on core business activities amid the coronavirus pandemic, you can take help of outsourced accounting services in London. Accountancy outsourcing services by a firm like Affinity Outsourcing can truly help you in managing your clients’ accounts and books efficiently. But, before you hire an outsourced accounting firm in London, you need to carefully consider the most suitable hiring package that best suits your needs. Affinity Outsourcing is now offering affordable and tailormade hiring packages to help accounting firms to get back to normalcy in London.

There are plenty of tailormade outsourced accounting services packages at Affinity Outsourcing, but to help you conclude, which engagement model is best for you; here we explain you some of the most common hiring models, and they are:

  1. Hourly Basis: The hourly model is the most popular among clients. The advantage of this model is that you can buy pre-paid blocks of hours (as per your requirements), and as the hours are delivered they are deducted from the total number of blocks purchased. This engagement model offers you the complete freedom and control over the work you have outsourced. Whether you are new to outsourcing services or experienced, this is a no-risk engagement model worth trying. Moreover, accountants and bookkeepers having small to medium volume of work can definitely go for this model.
  1. Full Time Model: A full-time engagement model is when you hire a dedicated accountant or bookkeeper on a fixed monthly fee. This is also one of the most popular engagement models after the hourly model. If you are having the workload more than average, then this engagement model is just right for you.
    When you hire a resource on a full-time basis, they support your core group of staff in the UK by completely by taking over the lower-level tasks like accounting bookkeeping, payroll and tax. The full-time engagement model offers you immediate access to the resources with highly coveted compliance skills. Moreover, a full-time engagement model saves you from the hassle of recruiting and retaining staff. Also, the turnaround time is usually better than you can deliver in your practice yourself, plus there is this added benefit of it being up to 50% cheaper than hiring an accountant in London, UK.
  1. Pay-As-You-Go Model: Pay As You Go is also one of the most popular engagement models among the accounting firms in London. In this engagement model, you use the service on a pay-as-you-go basis and pay only for the number of hours you use the service. This engagement model is the best option for single accountants and bookkeepers in London, Harrow and Wembley having short-term workflow issues. It can also be good if you have an immediate need to get work turned around, especially for seasonal times such as the busy season.

Most of the accounting firms in the UK use this model, when then are engaging in the accounting outsourcing services for the first time. However, if you want a dedicated resource as the staff member, then this model is not for you.

Contact Affinity Outsourcing for the Best Accounting Outsourcing Services in London:

Hopefully, this blog will help you decide which engagement model is best for you. If you are an ambitious accountant, then you should probably consider either the hourly or the full-time engagement model. It’s up to you to choose the model that best fits your needs.

Regardless of which outsourced accounting service model you choose, Affinity Outsourcing here to help you reduce costs and increase profitability. If you want to discuss more about the different engagement models, then we request you to please schedule a free consultation with our experts at http://affinityoutsourcing.net.

Tips to Find the Best Outsourced Accountancy Services in London

As the number of outsourced accountancy services providers in London has increased drastically, it has become quite complicated for accountancy practices to find cost-effective and professional outsourced accountancy services for them. It has become a hectic job for London based accountancy practices to sort through many choices available and find the best team of accountants and bookkeepers to take their company to the next level.

Due to heavy competition, Outsourced Accountancy Services in London offers much more than just maintaining a general ledger and data entry. With options ranging from full-charge bookkeepers, tax accountants, payroll experts, and accounting software specialists, there are seemingly countless details for you to take into consideration before you contract an outsourced accounting firm in the UK.

Amid so many options, how can you be sure that you are selecting the right outsourced accounting services? Here’s a small list of few important characteristics of trustworthiness, competence and reliability that you must look for in an outsourced accounting services provider, and they are:

They Understand the Technology: Every industry has witnessed the digital revolution, and accounting and bookkeeping are no exception. In the 21st century, the cloud-based accounting and bookkeeping software are evolving rapidly with new features and integration with third-party apps every day. Therefore, better look for an outsourced accountancy firm that is having teams of certified accountants and bookkeepers who are trained in modern-day software such as QuickBooks, Xero, and Sage to name a few. Along with the accounting and bookkeeping software, they should also be well-versed in other communication and reporting software for easy sharing of ideas and project updates.

Must be Locally Based: You need to find a locally-based outsourced accountancy services provider like Affinity Outsourcing so that you can visit them whenever you wish to discuss your requirements in person. Moreover, working with a local outsourced accountancy firm will save you from all the headaches that can be caused due to differences in the tax laws and legislations. You can easily find bookkeepers and accountants that are trained in UK bookkeeping procedures and tax regulations.

They Understand Your Business: Many accountancy firms in London today are in search of accounting consultants who can help them with so much more than just so-called “number crunching.”

The outsourced accounting services provider that you hire in London must have a basic understanding of the operational side of today’s accountancy firms. When you hire the right outsourced accounting firm in London, you’re also getting the knowledge, insight, and experience of all the business owners who came before you, with a financial controller who will act as a trusted advisor to help you grow your business.

Outsourced Accountancy Services should include offering customized reports to your needs along with overseeing the monthly closing of your books.

Finding the Best Outsourced Accountancy Services in London

Now, as you have gone through the complete blog, you have some points in your mind to look for in an Outsourced Accountancy Services in London. To find the right one, you can take the help of other accountancy practices in London who are already benefiting from outsourced accounting services. Search them on Google and LinkedIn, and read testimonials.

For highly professional, cost effective and accurate accounting and bookkeeping services in London and across the UK, you can trust us. We are Affinity Outsourcing, a London-based outsourced accounting firm having teams of highly skilled and certified accountants and bookkeepers. We offer affordable outsourced accounting and bookkeeping services to accountancy practices of every size – from start-ups to medium sized.

To learn more about our outsourced accountancy services and different packages, please visit our website at https://affinityoutsourcing.net or schedule a free consultation by giving us a call at 0203-848-4450.

Planning for Accountancy Outsourcing Services in London? Don’t forget to Ask These 4 Security Questions

Being an accounting practice in London, you want your clients’ accounts to be managed professionally and accurately. For that you need to hire an in-house accountant or even a part-time bookkeeper to complete the work on time and to maintain the reputation of your firm. But always hiring a full-time accountant is not an economical solution, when you have the option of accountancy outsourcing services in the United Kingdom. Outsourced accounting services offered by companies like Affinity Outsourcing is an ideal solution for accounting practices in London.

As you are sending a great deal of sensitive financial details to a third party, here are some truly important security questions to ask and they are;

  1. Type of Physical Security Used at the Place of Business: Before you think about the security of the electronic data, make sure the places where servers and other financial records are stored are properly secured. Also make sure you have every information about the type of access employees have to record area or databases – figure out whether the server room is secured, and if secured, then what types of security measures are in place. If you are partnering a remote staffing company, ask them what steps are in place to monitor the location and dissemination of data. Make sure virtual employees are logged into secured servers that don’t allow for transfers of information to local computers or local printing.
  1. Encryption Methods Used on Their Website and Login Portals: The most common encryption method uses an SSL Certification for 128-bit or 256-bit encryption for sending files to the website. This type of encryption prevents the information from being recovered in plain text by any hackers sniffing packets, preventing them from decoding the details sent to the accounting firm. If your outsourced accounting company is sharing and receiving the client’s data via cloud storage or file room, then make sure to find out what security features are in place to protect access by third parties.
  1. What About the Older File You’ve Finished Working With: Once the allocated tasks are finished, try to find out what your outsourced accounting partner is doing with those older files and data. Is it storing it somewhere for a specific period of time? Are they destroying / deleting the data after giving you the copies of finished tasks? Or Are they still saving it? Make sure to know, in writing, what also happens to your files if you choose to end your relationship with your bookkeeping service.
  1. Safety Measures in Case of Data Breach: Data breaches are quite common these days; therefore, find out exactly what policies the company has put in place to lower the level of damage, compensate the affected, and recover the breached data. What alert system is kept in place. When will you be updated about the data breach. So, to overcome all these questions, make sure the company you hire has a solid emergency action plan in place before an emergency occurs.

Partnering with an outsourced accounting services provider can be frightening if you are not aware with data security and technology related to it. Therefore, before you choose an outsourced accounting and bookkeeping firm, you get answers to all the question listed above.

If you are an accounting practice in London, and considering using outsourced accounting services for your bookkeeping, then we can help you weigh your options and needs. We have plenty of flexible hiring modules with proper security standards in place. For a free consultation and quote, please contact us at http://affinityoutsourcing.net.

Affinity Outsourcing Offers Cloud-Based Secure Outsourced Accounting Services in London, UK

Are you a sole accountant or an accounting firm in London searching ways to decrease or cut-down your business operational cost? If so, then outsourcing your accounting tasks is one of the solutions. Many accounting firms in London are realizing greater efficiencies by outsourcing their accounting tasks to accountancy outsourcing service providers such as Affinity Outsourcing.

When you hire an outsourced accounting firm, like ours, you get access to an extensive range of highly secure accounting services along with profitable financial advices. Your financial data is highly secure with us. Whether it is regarding paper documents and files in a digital format or data inside the financial software you use, Affinity Outsourcing has standard protocols to ensure the exchange and storage of information happens in a compliant manner. Additionally, our outsourced accounting services are scalable, allowing our clients to tap into the level of solutions they and their business needs.

We offer Secure, Cloud-based Outsourced Accounting Services

When you outsource all or part of your accounting tasks, at Affinity Outsourcing, we offer you accounting services through secure, cloud-based accounting software from our office, which means you don’t need to worry about any infrastructure cost. Moreover, Cloud-based accounting techniques that we use reduces laborious manual processes and enables a business to have access to real-time financial information. Not only one, but we have experience with all the major accounting software and can help your business with selecting and implementing the most suitable software solutions that ideally meets your business requirements.

Affinity Outsourcing’s Outsourced Accounting Services include:

  1. Management of accounting and bookkeeping processes
  2. Online bill payment
  3. Budgeting and cash flow
  4. Audit preparation
  5. Payroll set-up and processing
  6. Bank and credit card reconciliations
  7. Financial reporting
  8. More…

If you believe your accounting firm is ready to sore higher and touch the next level of evolution, then we can help you with our highly secure, cloud based outsourced accounting services. We are always on your side with high quality accounting services and uninterrupted support and communication. We offer detailed work report so you are always kept up to date with all that is going on in your business’ accounting department. Unlike others, we work as an indispensable part of your business to help ensure you always get what you need when you need it.

To know more about our secure, cloud based outsourced accounting services in London, please feel free to contact experts for a free consultation at http://affinityoutsourcing.net. We can help you run your business more effectively.

Why Accounting Firms in London Are Increasingly Outsourcing Tax Preparation?

Plenty of accounting firms in London are looking abroad in hope that outsourcing accounting, bookkeeping and other tasks may consolidate their business and offer them free time to focus on more productive work.

Some of the common tasks to outsource are bookkeeping and tax return preparation, and small-scale accounting firms and individual accountants in London have been benefiting from affordable labor costs and fast turnaround times that an outsourcing company offers. Outsourcing accounting tasks such as bookkeeping and tax preparation have numerous advantages and accounting firms have achieved good results.

Listed Below are 6 Reasons Why Accounting Firms are Outsourcing Accounting Services:

1. Compared to all other reasons, the most common reason behind outsourcing is the expansion of the business. Likewise, procuring new clients turns out to be simple when you outsource accounting and bookkeeping services. Whenever accountancy practices in London outsource their tax preparation tasks, they get a longer time to pay attention to the important requirements of the clients.

2. Whey you hire an in-house resource, then there is a rise in the operating cost of the firm.

3. Losing a client is the nightmare for any firm, and when you outsource your accounting tasks to the offshore businesses, you can magnify your return by having to pay less. Additionally, there is no need to lose those valued clients as it may transpire if you happen to be caught up with crucial tasks.

4. Another crucial reason of outsourcing is the fact that you obtain a premium quality work job within the agreed time period.

5. Working with an outsourcing company like affinity for bookkeeping and accounting tasks is quite simpler as compared to dealing with an in-house team of accountants.

6. You possibly can boost the efficiency of business whenever you get a pool of qualified staff pertaining to an outsourcing company.

At Affinity Outsourcing, we can take care of bookkeeping and tax preparation for accounting firms very well. To know more about our outsourced bookkeeping and accounting services, get in touch with us today at 0203–848–4450 or mail us at info@affinityoutsourcing.net. We offer no-obligation quote and free consultation.

Here are How QuickBooks can Improve Your business’s Cash Flow

It’s not surprising that Intuit’s QuickBooks has been named as the best accounting software for small businesses in 2019. It not only helps a small business streamline the entire bookkeeping and accounting system, but it can also be used as a tool to help inform a business’s financial management strategy.  In fact, many small business owners make use of QuickBooks to enhance their company’s cash flow. Here are 3 ways you can use QuickBooks to improve cash flow in your business:

Make use of QuickBooks for Billing and Collection

A really recommended way to enhance your cash flow is to ensure you are regularly collecting your payments from customers and clients, and optimize your method for how you get paid. QuickBooks allows a small business to accept payments via credit cards and also via mobile. Things are made quite simple with QuickBooks – businesses can email invoices to customers with the payment link. Once the payment is made, QuickBooks automatically posts the payment to the customer’s account receivable, saving you the time of having to input the data manually.

The faster and the regular you get paid by your customers, the better your cash flow will be. With more cash on hand, you avoid wasting valuable time on collections, and you can take advantage of early payment discounts and interest earned on more money in your bank for more days.

Make use of QuickBooks to Download Bank and Credit Card Statements

Businesses using QuickBooks can set up a system by which they can download the bank and credit card statement online. This will offer you more realistic view of their current cash flow situation. You can quickly pull up these balances to gauge where your cash flow is in order to make more informed spending decisions right then and there.

Make Use of QuickBooks to Forecast Cash Flow

With the help of QuickBooks, you can create a 13-week cash flow forecast reports to help you take better financial decisions. QuickBooks users can download Accounts Receivable, Accounts Payable, and Recurring, Non-Payable Expenses from QuickBooks and lay them out in Excel to analyze the data and predict cash flow over the course of the next 13 weeks. This data can help businesses take better business decisions and even plan further ahead for the future.

If you are unable to manage your cash flow properly, then there are chances that your company may face a risk of failing. Therefore, it is advisable that you manage your accounts properly and regularly. Don’t let your business become a statistic; do your homework.

If you need help in managing your QuickBooks or any other accounting related tasks, then feel free to contact us at Affinity Outsourcing http://affinityoutsourcing.net. We are accountancy outsourcing company with more than 30 years of industry experience. Contact us for a free quote and consultation as well.