Accounting and Payroll Outsourcing

What is Outsourcing?

Outsourcing is the contracting out of a company's non-core, non-revenue-producing activities to specialists. It differs from contracting in that outsourcing is a strategic management tool that involves the restructuring of an organization around what it does best - its core competencies.

Why Outsource?

The rules of business are changing and so are the questions businesses are asking. It isn't enough for a business to merely consider how to improve what it’s doing. Rather the question is more fundamental; a business first needs to determine exactly what it should be doing in the first place.

Business executives are attempting to answer this question by identifying their core capabilities and strategic applications. And more often than not, they're finding that such burdensome administrative tasks as accounting and payroll processing, payroll tax filing and benefits administration don't make the list.

If your organization is asking these same questions, P & P Consulting has some answers. We offer a wide range of information management solutions for accounting and payroll. These solutions are designed to allow you to alleviate administrative functions so you can focus on strategic areas of your business.

Profits of Outsourcing with P & P Consulting

• Greater efficiency and economies of scale achieved with outside service providers
• Accurate reports at the moment you need
• Greater focus on core business products and growth
• Cost and time savings
• Less overhead investment or debt
• Eases regulatory compliance burden

According to the results of a survey commissioned by Pricewaterhouse Coopers, 100 percent of Canadian executives surveyed agree that Business Process Outsourcing allows their companies to focus on core competencies.

So, as you look to outsourcing for solutions to relieve you of some of your administrative burdens and let you return to those things that really matter to your business, P & P Consulting is in Canada to help you.

Depending on the frequency you require (monthly, quarterly, annually), we pick up your records, process them in our office, and return them back to you. We will produce financial statement and reports you have asked us to produce. 

Accounting Reports

• Set up of business accounting
• Data Entry of accountant information
• Expenses
• Income
• Journals
• General Ledger
• Bank Reconciliations
• GST Returns
• PST Returns
• Financial statement preparation

Payroll Reports

• Set up of payroll administration
• Data Entry of employment
• Income and benefits
• Deduction
• Payments stubs and cheques to each employ
• ROE when will be required
• Government remittance preparation and submission
• Annual T4 and T4 Summary preparation and submission
• General Ledger
• Bank Reconciliations
• Accounting reports