Get paid like the big guys, with respect.
It’s like having your own AR department, without the payroll expense.
The bookkeeping and accounting tasks can be handled in-house or outsourced to a reliable company for your business in Dallas, TX. While outsourcing is not for every company, there are plenty of benefits that you can get from this option. Here are some of the differences between an in-house financials team and outsourcing with Net Claims Now so that you can make an informed decision.
Many smaller businesses make the decision based on costs. Generally, you pay a set fee per month to outsource your accounting.
Meanwhile, you can end up paying more than $100,000 in salaries for an in-house accounting department. On top of that, you will have to pay:
Payroll taxes
Medical benefits
Retirement plans
Vacation and sick days
Onboarding
When you choose to hire an in-house team, you will need to look for people with experience. This means you will need to do a lot of screening and hope you don't end up with someone self-taught. The biggest problem this presents is the risk that you end up with poor quality work.
However, outsourcing with Net Claims Now gives you experienced accountants and quality work. In addition, these employees continuously undergo training, so they stay on top of the field.
Internal controls provided by Net Claims Now are important because they make sure the information going into the accounting department is accurate. In addition, this can serve as a check system to make sure you aren't getting ripped off by an employee.
An in-house team of one or two accountants leaves you at a higher risk of fraud. This is because your accountants have the keys to your bank. That means they can steal from you and disappear.
Trusted accounting companies know the detailed processes required to get your financial report completed properly. While an in-house team can do this as well, a poor-quality team may not do this correctly.
When choosing in-house or outsourced, think about the pros and cons of these options and the needs of your business. Then, figure out which one is a better fit for your company.
