Why outsource your accounting? So you don’t have to pay someone in-house to spend all day everyday only focused on closing your books. In practice, having an in-house accountant is not the same as having all your accounting needs met. Outsourcing comes with many benefits from saving the high cost of a full-time professional, to not having to constantly recruit talent and being dependent on a single-person (or small) accounting team.
Instead of being constrained by the accounting resources they have in-house, businesses that outsource some or all of their accounting needs are equipped to handle whatever comes their way. They can meet any speed, scale, skill, or specialization the moment demands, perfecting their recurring accounting obligations while practicing long-range planning and high-level finance. Above all, businesses that outsource accounting ensure that their financial fitness propels their success rather than obstructing it.
You may have a sense of what outsourcing entails, but it’s important to focus on the impact it has. Because while outsourced accounting may be a solution to many process woes, it’s better seen as a strategic asset that can help a business grow and thrive. Consider how:
- Controlling Costs – Compared to hiring, outsourcing provides greater value at a lower, more predictable, cost over time. It’s an affordable way to add robust accounting capabilities to a young, growing, or pivoting company.
- Adding Resiliency – Absences or vacancies can decimate an in-house accounting team. Not so with an outsourcing partner who can fill gaps at will and scale up with you on demand. Accounting is always at full strength.
- Extending Expertise – When new, unexpected, or temporary accounting issues arise, the diverse expertise present on outsourced accounting teams is a huge asset. There’s always a specialist on hand to do things the right way or answer the tough questions.
- Scaling Workloads – Growing companies can see their accounting obligations accelerate or multiply in an instant. Outsourcing partners can take on those extra needs without missing a beat. And by doing so, they spare the need to make hurried hiring decisions in a challenging labor market.
- Embracing Tech – As an alternative to licensing, implementing, and learning a new piece of accounting software, partner with an outsourcing firm that leverages superior software on their client’s behalf. It’s all the positives of better technology with none of the negatives.
- Ensuring Agility – Changing circumstances do not leave a business unprepared when they have an accounting partner to rely on. And when accounting becomes more agile, the rest of the business does too.
The arguments in favor of outsourced accounting are clear and compelling. But the benefits depend on partnering with the right provider – they are not all created equal.
Combining experience, expertise, and innovation, Proseer exemplifies what a great outsourced accounting partner looks like. Learn why. More importantly, explore how we can optimize your accounting. Contact us to make your business better.
