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Supporting Strategies


How to Choose the Right Business Services Provider for Your Business

September 17, 2020 / by Sydney Wess, Clutch posted in Supporting Strategies

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Are you ready to outsource your bookkeeping and controller services? Choose the best one for your business with these tips from Clutch.

Business services providers can supply companies with a return on investment that outweighs the cost of their services — if you select a service provider that best caters to your business needs.

Clutch is a B2B ratings and reviews company that facilitates connections between service providers and businesses in need of external services.

As experts in finding the right business partner, we closely examine what qualities make providers effective in outsourced roles. For this article, we will focus on finding a bookkeeping services provider. The terms bookkeeping and accounting are sometimes used interchangeably, though important differences exist when accounting refers to work done by a CPA. Note that we group bookkeeping and accounting business services together, emphasizing similar qualities needed for success in the industry.

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Bookkeeping Is Vital as Businesses Rapidly Adapt to COVID-19

May 5, 2020 / by Leslie Jorgensen posted in Bookkeeping Services, Supporting Strategies, Business Continuity

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The coronavirus pandemic is testing the ingenuity of American businesses as never before. Companies are conducting major overhauls of their business plans, profit models, operating procedures and even human resources policies. These changes would normally call for months of careful research and planning but are now being implemented in a matter of weeks, if not days.

While speed is of the essence, any changes your business makes in response to COVID-19 must still be rooted in solid financial insight and intelligence.

Inspiration Amid the Devastation
It would be easy to give in to despair in response to the daily onslaught of grim news. But each day also brings inspiring stories of business leaders who have made agile adjustments that have not only enabled their companies to remain open, but also preserved employees' jobs and provided the public with much-needed services and products.

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Give Thanks to Your Employees — and Get Plenty in Return

November 26, 2019 / by Dana Brenner posted in Small Business Advice, Business Advice, Supporting Strategies

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Because Thanksgiving is such a family-oriented occasion, it's easy to understand why business leaders might not think to remember employees with their expressions of gratitude. But since employee retention is vital to maintaining a healthy business, it's important to thank your workforce as often as you can. This Thanksgiving makes a great time to start.

The Power of Appreciation
It's human nature. When someone thanks us for our efforts, we respond positively and are more likely to continue making the same level of effort, if not increase it. This is true whether we're thanked for simple acts, like holding a door for a stranger, or for more involved acts, like meeting a challenging deadline.

HR experts all agree: Thanking your employees helps keep them happy, which in turn helps keep them on your payroll. Whether you express your gratitude in the simplest, most literal way possible — by just saying "Thank you" — or by sweetening the deal with bonuses, gift cards or other perks, it's important not to neglect this important human connection.

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How Outsourced Bookkeeping Can Help Grow Your Business

November 21, 2019 / by Leslie Jorgensen posted in Bookkeeping Services, Business Advice, Supporting Strategies

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As your business grows, so do the systems necessary to support it. Whether you have DIY bookkeeping or an outsourced bookkeeping services provider, your business may get big enough that you consider setting up an in-house bookkeeping department.

Some businesses may consider it a natural progression to move from outsourced bookkeeping to having an in-house department. However, continuing with outsourced bookkeeping services has many advantages over the alternative.

An outsourced bookkeeping services provider can be a great partner to your business — offering not only the skills you need at the levels you need, up to and including CFO, but also contributing valuable financial insights. And it all comes without the added expense and responsibility of hiring and managing new employees.

The Bookkeeping Expertise You Need Right Now
An experienced bookkeeping services provider doesn't have a steep learning curve. As pros who are familiar with a variety of businesses, they can quickly determine how much support you need in specific areas — whether it's a basic level, such as recording daily transactions and month-end close, or more detailed assistance, such as budgeting, planning and analysis.

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