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Ed Slovacek CPA

Shared Accounting

Contact Us (979) 846-4667
Shared Accounting is an innovative service where you decide what portions of your accounting you want to do and what you want us to do for you.

Most small businesses choose to share their accounting for several primary reasons:

  • You want to be freed from paperwork so that you can focus on your core business activities
  • You don’t want the hassle of hiring, training, and bookkeeper turnover
  • You want the advantage of 'partnering' with someone who is up to date on the changes of tax, payroll and business rules and regulations

Take a moment to review our comparative chart and see for yourself the benefits for sharing your accounting duties with us over hiring an internal bookkeeper.

 
Internal Bookkeeper
Shared Accounting
Payment Salary and benefits must be paid whether or not work is being accomplished. You are buying services, not hours. Pay for time actually working on account on an hourly or transaction basis.
Availability If accounting is not a core competency for you, there is no replacement when the bookkeeper is sick. There is always a person on staff to keep your books up-to-date.
Relationship Employer-employee personal relationships can create emotional attachment that often detracts from proper professional management. Professional relationship between two companies brings the trust of an employee, but employee personal problems do not interfere.
Turnover Bookkeepers often gain experience and move on to work for another company. The outsourcing company continually is motivated to work hard and keep their client’s business.
Time and
Resources
Employee supervision, turnover, use of your office space and/or computer. Frees up focus from financials to focus on business strategy and goals.
Knowledge Rely on one employee who may have limited training to keep your books and financials in order. There generally is more training of employees and you can tap into the resources and expertise of a full accounting firm.
Information Safety Rely on your computer and boxes of papers to save your bookkeeping. Access to system back-up on and off-site, electronic document storage capabilities.