Outsourced Accounting is the practice of using an outside firm to handle work normally performed within a company. Small businesses routinely outsource their payroll and accounting functions because they cannot afford to hire an experienced person to perform these functions and many large companies turn to outsourcing to cut costs.
At WJ Technologies, L.L.C (WiJiT) you will receive highly trained professionals with years of experience working in the government contracting industry for a fraction of the price it would cost you to hire them in-house.
You will no longer have to worry about payroll taxes, benefits or any of the other extras cost that come with hiring an employee. By outsourcing with us, your firm will have more flexibility, as you can bring us in, as needed. WiJiT can perform various accounting tasks from closing the month and ensuring your accounting system is clean and your financials are accurate to outsourcing your entire back office to us. These costs savings can then be used for investing in and growing your organization.
The risk of losing an employee to another opportunity, caring for an aging parent or retiring will be mitigated as we have a team of highly trained individuals to provide these services. This too provides a savings as recruiting and onboarding a new employee requires time and money.
Our government contract accounting experience will provide your company with additional benefits by ensuring:
- Indirect rates reconcile to the Income Statement
- The Project Ledger and General Ledger are in sync
- Unallowable costs have been handled correctly
- You have access to staff members with years of government contracting knowledge to provide you with the answers or guidance needed when questions arise