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Understanding the Process of Outsourced Bookkeeping Services

  • The process of outsourced bookkeeping services involves several stages.
  • The first step is choosing a competent and reliable service provider.
  • The next stages include consultation and assessment, customizing services, setting up accounting software, and ongoing data entry and record keeping.
  • Other important stages involve reconciliation and accuracy checks, financial reporting and analysis, tax preparation and compliance, regular communication and updates, finalizing the financial year, and understanding the cost and billing.

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