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How Cost Accounting Professionals Can Help You

Cost accounting is the process businesses take to find out exactly how much it will take to finalize a product, from start to finish. This could be production of materials, or it could be a project at large. This includes all of the little steps involved as well, like materials, labor, workspace, hourly or salaried pay, and everything in between. The ideal goal is to find a path to production that is not only cost-effective, but efficient and beneficial to all parties involved. There is a lot of importance in taking a professional, calculated approach to finishing a task, and especially for small businesses that feel the flow of every dollar, it's even more crucial.

Identifying the steps it takes to complete a goal is invaluable to any business. It removes all of the variables that could have been up in the air, and planning always puts you one step ahead. That's why cost accounting is a vital step to the success of your product - you'll know exactly what you're going to be spending before you even do so. You can budget the money and have no doubt in your mind that you'll have what you need to complete the task effectively. To build this plan, you'll need somebody with an eye for detail, and the thorough thought process to foresee what you'll need. Partner with a freelancer and let them help you with an objective outlook - and there's no better place than to find what you're looking for.

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Pay by Milestones

Milestones are like checkpoints you create to ensure you're happy with the work every step of the way. Build as many milestones into your job as you want — set a due date for each milestone and the amount to be paid.

Pay by Task

Pay for a single completed task, however big or small. Create and assign tasks for work as needed, and generate invoices from each task once they are completed.

Pay by the Hour

Track progress with ease and confidently pay freelancers by the hour. Use our TimeTracker software to see in the moment updates of work being done. Hiring multiple freelancers for your job? Stay organized with a breakdown of each freelancer's hourly rate and time tracked.

Pay Using Recurring Payments

Easily pay your go-to freelancers on an ongoing basis. Set up to four recurring payment rules for any given job — pay every week, every other week, every month, or every quarter. Stop or Resume payments at any point with just a click of a button.

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Apr. 2018

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