Outsourcing accounting is one of many services we provide at the Bean Team. Complete outsourcing of accounting makes the most sense for businesses that don’t have enough accounting tasks to occupy 2 or more employees. Here are 6 benefits of outsourcing accounting to a qualified firm.
Save Time and Focus
By outsourcing accounting, the business owner and management can focus on the operations of the business. They don’t spend time doing accounting tasks that they don’t like to do and are likely not qualified to do. The business owner saves time and focuses on the business. You are good at your business, we are good at accounting.
After taking into account the time you would save, the cost to outsource is typically less than an in-house solution, especially when the cost of the business owner’s time is considered in managing or doing the accounting tasks. The Bean Team understands that time is money.
Team vs. Individual
When you outsource, the work is done by a team of professionals ranging in skill sets from entry-level accounting, up to a seasoned CFO or CPA. This allows a team approach to enable a system of tasks and cross-training. The team completes the work on time even if one member is out or if a team member needs to be replaced. The outsourced model provides for a process based on a system instead of the knowledge being possessed by one person with a defined skill set.
Customized and Staffed Solution
Clients receive a customized solution that allocates the accounting tasks done by the firm and those tasks done by the client. The firm recruits, vets, hires and manages the team to deliver the offered services. The client doesn’t need to do any of these HR or management tasks as it pertains to accounting tasks. The result is less stress and peace of mind for the client.
The outsourced solution offers the best people and the best systems. The outsourced firm tests, vets, purchases, and then rolls it out to clients in a way that spreads the cost and spreads the benefits to all. Systems that are online, mobile, secure, backed-up, and integrated are requirements in the systems used. Knowledgeable, qualified, and conscientious professionals.
The outsourced solution can scale up or down as accounting volume increases or decreases. Scaling can be done quickly without the need for the client to go through a recruiting process or laying off personnel. This is all done quickly and seamlessly by the outsourced firm.
If you’re looking to lighten the load for you and your business, contact Reconciled. We can help you with accounting, CFO services, and taxes.