Accounting outsourcing is a trend that can expand your portfolio and leverage your business. Create your solution in 5 steps. Accounting outsourcing is a way to expand your services and conquer new accounting markets. More than a simple outsourcing , we are talking about a complete solution , which integrates the company’s accounting, tax and financial activities. That is: you will have to be ready to take over an entire area of your client, seeking the best performance to contribute to the success of the business. In this article, we will detail the steps to create your accounting outsourcing solution and expand your area of operation. Keep reading and take advantage of the opportunity to grow. What is Accounting Outsourcing? Accounting Outsourcing is a complete solution that outsources fiscal, financial and managerial accounting activities in companies.
The term is related to concept of Business
Process Outsourcing which means Business Process Outsourcing. Unlike traditional advisory and accounting consultancy services provided to companies, outsourcing is a more complex service, which involves outsourcing an entire area of the company. In this case, the accounting company assumes all accounting responsibilities and processes, including the fiscal, tax, labor, management, compliance areas, among other functions that Hong Kong Phone Number Data may be included in the contract . Therefore, the service goes far beyond simple outsourcing, as the supplier takes care of strategic areas of the organization and deals with highly relevant information, directly impacting business results. In addition, accountants report directly to the company’s finance department or other responsible area, rather than to an internal professional in charge of accounting. To offer accounting outsourcing, the company must provide all the necessary infrastructure, know-how and professionals to keep the client’s accounting activities up to date.
The service can be provided remotely with integration
Communication through digital means or with part of the team allocated at the company’s headquarters. Advantages of offering accounting outsourcing For companies, accounting outsourcing is a great solution to reduce costs, increase efficiency, access more qualified professionals and still gain time to dedicate to core business processes. On the side of accounting companies, there is a great opportunity to expand services and grow along B2C Lead with the outsourcing trend. According to a survey conducted by the B2B portal Clutch, published in 2019, more than a third of small global companies (37%) already outsource their accounting, while 57% intend to outsource in the coming months. That is: if before only large corporations outsourced their departments, today smaller companies are already opting for this service and expanding the market.