
What is Accounting Outsourcing?
When a company contracts a third party (from outside the company) to complete its accounting and financial functions, it is known as Accounting Outsourcing. Outsourced accountants manage the company's whole finance department, including bookkeeping, payroll, financial reports, management accounting, tax, accounts payable, accounts receivable, debtor collection, and other accounting-related activities.
Benefits of Accounting Outsourcing.
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Benefit #1: Access to finance and accounting expertise.
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Benefit #2: Cost savings.
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Benefit #3: Avoid turnover and time-off issues.
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Benefit #4: Achieve Time Savings for the Business.
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Benefit #5: Gain Flexibility To Meet Business Needs.
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Benefit #6: Ability to Scale Up or Down.
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Benefit #7: Access to Better Tools & Processes.
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Benefit #8: Business Intelligence.


Accounting Outsourcing Services
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Bookkeeping.
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Reporting to authorities and Management.
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Payroll processing services.
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Account payables (payments creation).
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Account receivables (debtors follow up).
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Payroll.