5 Simple Reasons Every Business Owner Should Outsource Their Accounting

24 Aug 5 Simple Reasons Every Business Owner Should Outsource Their Accounting

Posted at 08:00h in

Outsourcing

by Becky Brown  •  0 Comments

5-simple-reasons-every-business-owner-should-outsource-their-accounting.jpgIf you’ve been reading this blog, or other information about virtual accounting, we hope that you’re at least considering the possibility that it may be a wise move for your company. In case you’re not entirely sold on the idea yet, we’d like to make the decision-making process a little easier for you. Here are the simple reasons why it’s the ideal choice for you, and every business owner, to outsource your accounting.

  1. It’s always on.

Unlike the bookkeeper or accountant who only comes in for a few days every month, your virtual accounting team is always available. If you’re like most small business owners, and aren’t ready to hire full-time accounting staff, this is a great solution. Part-time help is more cost-efficient, but leaves some big gaps between your accountant or bookkeeper’s office visits. Not so when you outsource your accounting. The team is available every day, and your data is accessible every hour of the day or night.

  1. It’s secure.

In today’s world, nothing is more important than keeping your sensitive data secure. It’s hard to read the news without seeing yet another story about a security breach somewhere that left people’s data exposed. But when businesses outsource their accounting, this is not really an issue. Your data is stored on the most secure possible servers. We also employ the highest available levels of encryption, which would make it impossible for anyone to read your information, even if they could get their virtual hands on it. 

  1. It saves you money.

We’re not exactly suggesting that it’s a cheap, cut-rate solution. But business owners who outsource their accounting consistently find that they’re spending less than they would if they continued to manage their accounting in-house. It’s expensive to keep an employee on board, between salary, benefits, and all the other associated overhead, not to mention the costs of hiring and training your own staff. With a virtual accountant, you pay only for the services you need, when you need them. 

  1. You’ll always have the best available accounting software.

Staying on top of the latest and greatest software tools is a big project. If you’re paying a staff member to do accounting, you don’t want them spending their time researching new software products. You could have your IT person do it, but they probably lack the subject matter expertise to properly evaluate the program’s features. When you outsource your accounting, however, you can count on the fact that the virtual accounting team has already done the research, and has access to the most efficient tools to get your books done properly.

  1. You’ve got better things to do with your time.

As a business owner, you probably wear more hats than you can count. Though you may want to manage your finances on your own, accounting and bookkeeping are time-consuming projects. You can’t really afford to give up time that would be better used developing new client relationships, or refining and perfecting your product offerings. Outsourcing your accounting will free up your time for more valuable uses. And who knows, you may even free up enough time to start getting a decent night’s sleep again.

  

 

Topics: Outsourcing