WHY OUTSOURCED ACCOUNTING?
Outsourced Management Accounting Services
There are several reasons to outsource your company’s management accounting
You can save money: Outsourcing is scalable in increments that fit your business without the need to hire another full-time or part-time employee, which saves in the expenses of recruiting, salary, benefits, supervisory and training costs.
You can get better financial reporting and advice: Outsourced management accounting teams are often staffed with financially focused, objective, bookkeepers and accountants – which includes CPA’s – who can provide real-time data for better decision making, KPIs, benchmarking, and trend analysis.
You lower your risk of errors and fraud: Business accounting team members often have to wear multiple hats, creating internal control concerns. By outsourcing your accounting, you strengthen independence and separation of duties to minimize the internal risk of intentional and unintentional errors or fraud with the standardization of an external process and quality review.
You can get multiple levels of support: Outsourcing can also include a CFO/Controller without taking on hefty salary costs while gaining the objective analysis of industry experts who are trained in historical and forward-looking analysis.