Random acts of bad luck don’t discriminate. It’s happened time and time again, and is probably happening right this moment to some unfortunate small business owner: a catastrophic loss of hard drive data. Consider what would happen to your company if suddenly all of the business accounting information you had stored on your computers were to vanish without a trace, the victim of a fried motherboard or crashed hard drive brought about by a sudden power outage or power surge?
If that thought isn’t scary enough to make you race to find an online bookkeeping company to handle your accounting and financial data, maybe this will: with an online bookkeeping service, not only is your financial data stored offsite in remote servers that are protected against flood, fires, natural disasters and power surges, but it’s also insured.
There’s one catch, of course. Not all online bookkeeping companies offer insurance for lost data. Many can offer you reasonable assurance that your business accounting information will be safely stored, but it’s critical when you’re going about your selection process that you only look at firms that have unambiguous language written into their contracts that spell out how much insurance money will be paid and what types of incidents are covered.
Getting protection from lost data is critical, but did you know it’s also not the only reason to outsource your bookkeeping and accounting needs? To find out more about the benefits of outsourcing and other things to look for in a third party bookkeeping firm, visit AccountingDepartment.com.
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