Data processing and data entry

Many companies outsource data entry and data processing, certainly to lower costs and to free up time for more core business activities that generate revenue. We are finding, however, that many of our customers will show inaccurate data entries on their books. Over time, errors and inaccuracies can erode financial statements and reduce the value of the company.

If at some time in the future you want to sell your company or need investors, you most certainly want to be able to present sound and solid income statements and balance sheets that reflect the true worth of your business.

In searching for an outsourcing provider, bear in mind that you want references and experience in this area. Find out where the data entry takes place and ask: Do you have professionals overseeing the data entry workers? Can I call these professionals if I want to check up on the entries? Does the data entry provider have a U.S. presence?

Outsourcing data entry is less difficult than most other business processes, but it is a crucial part of the accounting/bookkeeping puzzle, which directly affects the value of your company.