FAQ

Q. What is “Outsourced” or “Co-Sourced” Accounting?

With the help of today’s technology, DeepSky is able to leverage the the power of the internet and provide our clients with an effective outsourced accounting solution. This is achieved by hosting accounting softwares (like QuickBooks®) on a secure server maintained by our technology partners. The application and the financial data are maintained in the internet “cloud” and allows DeepSky staff and you (our clients) to access them from anywhere in the world (with an internet connection) 24/7 to collaborate and help your business grow.

Q. Sounds different from before. Are my data safe? Do I lose control?

The idea of hosting your accounting in the “cloud” may sound scary at first, but it is actually safer than maintaining your data on your own computers/servers. Our partner’s data centers are state-of-the-art, SAS70 certified and have multiple fail-safes in place that are too costly for most small to mid-size businesses to implement. Your accounting records are stored on servers that are physically secured, virtually protected via firewall and IDS (Intrusion Detection System,) multiple redundant backed up off-site, and consistently maintained via system patches, software updates and structural upgrades. Try and remember when was the last time you’ve backed up your own computer, that’s what we meant. Your access to these files are protected via unique IDs and passwords; communications over the internet are secured via 128-bit SSL encryption (the same technology used by your banks for online banking.) Since DeepSky only manages your numbers on paper (we don’t have access to move money in your bank accounts, and we don’t need to,) your money is still safe in your control. As your outsourced accounting solution, we do all the data entry, provide appropriate analysis and set up all the data in queue for you to review, approve and sign-off.

Q. Why Outsource or Co-Source my Accounting Department?

We are guessing you are an entrepreneur because you are an expert at the service/product your company provides. So are we. Why not let us do what we are good at so you can focus on growing your business by developing strategies and making informed decisions. Outsourcing or Co-Sourcing your accounting department with DeepSky allows us to provide you with timely and relevant information for you to do just that. Imaging knowing which customers and/or products are the most profitable and being able to adjust your sales strategy accordingly. Think about knowing (for certain) that you have enough cashflow down the pipeline to acquire the new machine that can save you a ton of time & money down the road?

By Outsourcing or Co-Sourcing your accounting efforts with us, you will no longer have to waste valuable time and resources hiring and training bookkeepers, accountants or controllers and then hoping that they can do the job right. DeepSky offers a strong team of accountants with years of experience that you can leverage. If you have been doing the bookkeeping yourself, you can finally free up your time to focus on things most important to you and your business.

With our Outsourced or Co-Sourced Accounting Services, it’s like you’ve suddenly brought on additional resources for your business to draw upon that had been unavailable to you. You maintain full, round-the-clock control of and access to your financial information, while DeepSky performs all of your bookkeeping tasks and collaborate with you on translating those numbers into meaningful decision making tools for your business. Ultimately, your success is our success.

Q. Why can’t I just hire someone in-house?

You can. But the industry had noted that the accounting departments in businesses have been one of the least understood, most outdated and inefficient process. This is primarily because the private accounting industry had been held down by age-old traditions of doing things. Ever heard of the - Why did the accountant cross the street? Because they did it last year – joke? With the help of technology today, DeepSky is able to implement a system that was derived from industry best practices and our own experience in serving successful clients. And we are not done yet! Our partners are active CPAs and technologist (read: geeks) who are actively learning from our existing client base and seeking new technologies to improve the system – making it easier than ever for business owners to get what accounting was built for 7,000 years ago – vital business information that helps them make better decisions.

For some reason, most accountants today seemed to have forgotten that purpose.

Q. Is it expensive?

We save our clients on an average of 20-45% on accounting costs by outsourcing it to us. Contact us today to see how we can do the same for you.