Why Outsourced Accounting Has More Benefits Than In-House Accounting - PowerPoint PPT Presentation

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Why Outsourced Accounting Has More Benefits Than In-House Accounting

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The majority of businesses nowadays agree that accountancy is one of the single most important factors of their success, and because an accountant is entrusted with all company financials, their role is vital. To that end, it’s important that businesses, whether large or small, invest in all accounting aspects of their company. But should they choose to manage this in-house, or outsource their needs? – PowerPoint PPT presentation

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Title: Why Outsourced Accounting Has More Benefits Than In-House Accounting


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Why Outsourced Accounting Has More Benefits Than
In-House Accounting
2
  • The majority of businesses nowadays agree that
    accountancy is one of the single most important
    factors of their success, and because an
    accountant is entrusted with all company
    financials, their role is vital. To that end,
    its important that businesses, whether large or
    small, invest in all accounting aspects of their
    company. But should they choose to manage this
    in-house, or outsource their needs?
  • Nowadays, many businesses choose to outsource
    their accounting work, and believe it has many
    more advantages than tackling it in in-house,
    within the business heres why

3
  • The quality of the work is typically higher
  • Its rare that a business will find an in-house
    accountant who is skilled in every aspect of
    accountancy, and while they may have a good
    understanding of the basics (enough to get you by
    and keep you out of the IRSs radar), they may
    not be as knowledgeable as a CPA, for example,
    and this can have a significant impact upon the
    quality of their work.
  • When you outsource accounting, however, you get
    access to a consistently higher quality of work,
    since these firms employ only the most skilled
    and highly qualified CPAs and accounting
    professionals. Not only that, but outsourced
    agencies are strict about their employees staying
    up to date with their training and
    qualifications, and ensure that they regularly
    refresh their skillsets.

4
  • They work for you as and when you need them
  • Rather than paying an in-house accountant for a
    full-time working week comprised of standard, 9-5
    hours, when you outsource you get the expertise
    and efforts of a professional team of accountants
    only when you need it, and because they typically
    have large teams working around the clock, youll
    be able to access them out of hours if needed.

5
  • Outsourcing could help prevent fraud
  • This issue is often overlooked, but its an
    important one nonetheless. Most businesses are
    far more likely to find themselves the victim of
    fraud from within the company, since an in-house
    accountant has more access to confidential
    information, and may be more tempted to fiddle
    the books and embezzle from you.
  • Cut costs with outsourcing
  • Its important to look at the bigger picture when
    calculating the cost of employing an in-house
    accountant in comparison to outsourcing, as its
    about much more than simply what you pay each
    employee per year.

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  • When you factor in health insurance and other
    benefits, not to mention paid time off for
    sickness or vacation, its often the case that
    outsourcing can prove more cost effective in the
    long run.
  • You might be lucky to have found a skilled,
    productive and dedicated accountant to work
    in-house for you, but if not, then you should
    definitely consider outsourcing your accountancy
    needs not only can it save you money, but it can
    give you a whole host of other benefits, too.

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  • At Heyer Associates, we proactively assist our
    individual and small business clients in meeting
    their goals. Our key area of focus is ensuring
    that our clients remain compliant with federal
    and state tax laws by providing them with high
    quality accounting and tax services Miami Beach.
    If you are looking for individual tax preparation
    in Miami Gardens, Heyer Associates would be a
    right option.
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