Outsourced Accounting

BENEFITS OF OUTSOURCED ACCOUNTING
Many companies outsource a business process. You may already outsource your payroll process, so you’re
familiar with some of the general benefits of outsourcing. Outsourced accounting has similar benefits as
well as many others:
FREEDOM
Free your time to work on your business while we handle the accounting for you through the use of a
secured cloud-based accounting software. This enables you can have access to your accounting records
from anywhere in the world and at anytime.
REAL-TIME INFORMATION
Your accounting is processed as it comes in. You work with us on what you want to do next. We are able to
work on the same data at the same time ensuring it is currently and live. This puts actionable, current data
at your finger tips.
ELIMINATE HIRING COSTS
It’s expensive to hire, train, and maintain an accounting department. Outsourcing the accounting function
eliminates hiring and training costs.
ENHANCE BUSINESS CONTINUITY
Valuable knowledge walks out the door when a key accounting personnel leaves your company. The risk of
knowledge loss and enhance business continuity with outsourced accounting.
SECURITY
Your accounting data is stored on secured servers in the cloud protecting against physical data loss, and to
enhance business continuity and disaster recovery.

Payroll services

A payroll is a company’s list of its employees, but the term is commonly used to refer to:
the total amount of money that a company pays to its employees
a company’s records of its employees’ salaries and wages, bonuses, and withheld taxes
the company’s department that calculates and pays these.
Payroll in the sense of “money paid to employees” plays a major role in a company for several reasons.
From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the
net income of most companies and because they are subject to laws and regulations (e.g. in the US, payroll
is subject to federal, state, and local regulations).
From a human resources viewpoint, the payroll department is critical because employees are sensitive to
payroll errors and irregularities: Good employee morale requires payroll to be paid timely and accurately.
The primary mission of the payroll department is to ensure that all employees are paid accurately and
timely with the correct with holdings and deductions, and that the with holdings and deductions are
remitted in a timely manner. This includes salary payments, tax with holdings, and deductions from
paychecks.

ERP Services

Our service offerings utilize Panorama’s proprietary PERFECT Methodology and represent our 360-degree
focus on every task necessary to ensure that our clients achieve the most business benefits
possible. Panorama’s services are beneficial to organizations just beginning an ERP project as well as those
requiring assistance during or after the implementation process. Because we are technology-agnostic and
well-versed in all of the major ERP systems, our expertise can be applied to any ERP engagement.