Attracting accounting outsourcing is an effective tool for reducing costs, improving the quality of task execution, and increasing business flexibility. This is especially true for small and medium-sized businesses, where it is important to save resources and quickly respond to market changes.

However, it is important to remember that the success of outsourcing depends on choosing a reliable partner, concluding a clear contract and establishing a quality control system for the work performed.

Why is accounting outsourced?:

  1. Cost savings
  • When working with an outsourcing company, you pay only for the services rendered, and do not maintain an entire staff.
  • Savings include:
    • Wages;
    • Taxes;
    • Social benefits (insurance, vacations, sick leave);
    • Office space and equipment.

“You only pay for the work done, not for being present in the office.”

  1. Flexibility
  • Outsourcing allows you to quickly scale up or reduce the amount of work, depending on the needs of the company.
  • This is especially useful when:
    • Seasonal loads;
    • One-time projects;
    • Sudden changes in business.

“You can attract specialists for specific projects, and not keep them all year round.”

  1. Access to professional expertise
  • Outsourcing companies have experienced and qualified specialists: chief accountants, lawyers, auditors, etc.
  • You get high-quality services, as outsourcers:
    • They have experience working with various industries;
    • Have extensive knowledge;
    • Automate processes;
    • They monitor changes in legislation.

“The quality of service depends on qualified employees, competent distribution of functionality, automation of accounting processes.”

  1. Financial guarantees and liability insurance
  • Large outsourcing companies are required to insure their professional liability.
  • If the outsourcer makes mistakes, the damage will be covered by insurance — which is not the case for an internal full-time employee.

"Insurance is required if the client suddenly loses money due to an outsourcer's mistake.”

  1. No personnel problems
  • No need to waste time and resources on:
    • Recruitment of personnel;
    • Training;
    • Dismissal;
    • Resolving conflicts or filling positions (for example, in case of illness or maternity leave).

"The manager will not know such problems as the accountant fell ill, went on maternity leave, did not pay his salary due to the fact that he is on vacation...”

  1. Quick replacement of an artist
  • If the chosen outsourcing partner is not up to their responsibilities, it is easy to replace them, unlike a full-time employee, who is difficult to dismiss without consequences.

“If a contractor fails, it's easy to replace them, unlike a full-time employee.”

  1. Payment at a clear rate
  • Outsourcing involves transparency of terms and conditions: you know in advance what services you are paying for, to what extent, and at what cost.

“The client of an outsourcing company always knows what kind of service, in what volume and at what rate he ordered.”

  1. Focus on the core of your business
  • By outsourcing routine or technical tasks, the company's management can focus on strategic development, marketing, sales, and management.