In-house bookkeeping setup
Who is this Service For?
The service is suitable for companies looking to transfer their bookkeeping from an external office to in-house management.
Reasons for deciding to stop outsourcing bookkeeping can include:
- Business Growth: An increase in the volume of bookkeeping work at a pace and level that no longer allows for continued management by an external office (e.g., startup companies).
- Economic and Operational Considerations: Reducing costs, the need for tighter control over bookkeeping processes.
- Decision to Independently Manage the Company's Bookkeeping: Choosing to take a self-reliant approach to the company's financial management.
What Does the Process Include?
- Business Activity and Needs Assessment: Understanding the business operations and its specific needs.
- Familiarization with External Bookkeeping Methods: Learning the bookkeeping methods used by the external office.
- Software Compatibility Diagnosis: Evaluating the suitability of existing software for continued use by the business. If a software change is decided upon, selecting appropriate software and additional technological solutions tailored to the business's needs. Transferring the database to the new software (working with ERP systems like Priority, SAP B1, NetSuite, and payroll software like Har-Gal, Hilan, Michpal, Oketz, Real Time).
- Finding Supplementary Solutions: Implementing document management solutions and tightening controls in financial management.
- Building Software Interfaces: Creating interfaces between different software systems.
- Establishing Internal Reporting Systems: Setting up internal reporting systems and interactions between the bookkeeping department and other business departments.
- Developing Work Procedures: Establishing work procedures for routine institutional reporting within the business (creating user accounts on authority websites for report transmission, handling smart identification means).
- Establishing Direct Communication: Setting up direct communication between the business and external entities (suppliers, customers, and institutions).
- Recruiting and Training Staff: Hiring employees for the bookkeeping team, including professional training for new employees and synchronizing tasks among team members.
- Writing Work Procedures: Developing work procedures for the bookkeeping department to ensure the implementation of efficient work methods.
Results at the End of the Process
At the end of the process, you will receive an independent, fully functional, and accessible in-house bookkeeping department tailored to the needs of your business, along with a skilled and synchronized team of bookkeepers.
Why Us
We have successfully executed projects of this kind for several companies in Israel, mainly startups that have grown and decided to transfer their bookkeeping to in-house management.
We possess extensive knowledge of the operations and work styles of external offices, ensuring that the phase of engagement with the external office to learn about the company and plan the transition process will be professional and efficient.
Our many years of experience in building bookkeeping departments for businesses have led to deep connections with key players in the Israeli market, providing technological solutions for financial management in businesses. Additionally, Top level bookkeeping.IL is a strategic business partner of Dokka and CrediMatch, leading companies that help thousands of their clients optimize their financial systems.
During the project, your company’s financial personnel will continue their daily work without the unusual burdens typically associated with such projects.
At Top level bookkeeping.IL, we will carry out the project for you through collaboration with your financial staff but with minimal disruption to their routine work.
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