Why use an accounting outsourcing service?

As the owner of a small or medium-sized business, accounting outsourcing may be the most profitable service you can choose to invest in. While it may seem cheaper, and even nobler, to do everything in-house for your business, your accounting needs are crucial to your success and therefore need to be completed by someone who can spend the time and expertise to maintain your records. financial. precisely.

Pay only for what you need

Perhaps you have considered hiring a full-time accountant or bookkeeper. Experienced accounting professionals command a high salary and often benefits as well. They are in demand in the market, and in order to hire one of the people and keep them, you will need to pay them competitively. However, as a small business, you may not have enough accounting work to keep them busy except during certain times like month-end and year-end close. Then you’ll find yourself paying a premium salary for your accountant or bookkeeper to file, answer phones and send faxes, just to keep them busy.

With accounting outsourcing, on the other hand, you only pay for the billable hours that the contractor works on your books. Some weeks, the work can be very heavy, like during tax season, but other weeks, there may be very little to do. Your finances are expertly managed and you save money month after month.

Responsibility

Whether you choose to hire a full-time bookkeeper on your payroll or ask your brother-in-law to do the accounting in his spare time, you are responsible for the work that gets done. When you choose accounting outsourcing, the contracted company assumes responsibility for your work. They sign your closing documents and your tax documentation. If there is an error or omission, it can be detrimental, but by outsourcing accounting, you are protecting yourself from costly errors.

24 hour availability

An employee is available for up to eight hours per day, a little more if paid overtime. However, accounting outsourcing services hire entire teams of professionals who work in shifts. This means that at any time, day or night, professional accounting contractors can be hard at work on your company’s finances, providing you with a quick turnaround, often overnight. There’s no panic when your bookkeeper calls in sick or your accountant works eight hours, but you have twenty-four hours to work. When you use accounting outsourcing services, your work is done promptly and accurately.