Eight Ways Outsourced Accounting Benefits a Small Business

Eight Ways Outsourced Accounting Benefits a Small Business

Like most small business owners, the time will eventually come when you need to consider outsourced accounting services. While it can be challenging at first to give up some of your control, it can also bring a great sense of relief. When you choose to outsource accounting services, it frees up your time to focus on expanding both your business and your profit margin. We highlight eight other benefits you can expect from outsourcing.

 

You Get Access to the Best of Technology

It’s impossible for accounting firms like Doerhoff CPA to complete tasks without streamlined technology. This is what allows us to manage client data, invoices, and much more. When you outsource accounting services, you benefit from the same advanced technology we do.

 

Payroll Privacy

An in-house accountant knows exactly how much money each of his or her co-workers earn, which can be both risky and awkward. If that person becomes disgruntled, you can’t be certain this sensitive data won’t leak out. That’s something you never have to worry about with outsourced accounting. The person performing your company’s payroll doesn’t even know your employees, much less their salaries.

 

Greater Efficiency

An in-house team may not always feel motivated to get the work done quickly and accurately, especially if they have the chance to earn overtime pay. An outsourced team recognizes that it must work efficiently to continue to earn your business.

 

Receive Services in Addition to Accounting

Doerhoff CPA is more than an accounting firm. We’re also business advisors. Whether you’re looking to create a business succession plan, need CFO services, or have questions about your start-up business, we can help.

 

A Proven Accounting Process

Hiring an in-house accounting team means you must create its workflow process yourself. This could lead to a lot of costly trial and error. Outsource accounting service, on the other hand, already has an established system in place. When you come on as a client with us, we already know how to reconcile accounts, pay bills, submit invoices, and complete a variety of other accounting tasks.

 

Experience in Your Industry

As a long-time accounting firm focused on serving small businesses, Doerhoff CPA has worked with clients in dozens of industries. Our experience means that you won’t have to spend time educating us about your industry in addition to your business.

 

High Security

Client security is of paramount importance in the accounting industry. We use multiple precautions to protect your company’s financial data, passwords, and other sensitive information. Our system of checks and balances ensures that no single person gains access to personal data without oversight by management.

 

Cost Savings

Hiring an in-house accountant means paying by the hour whether the person stays busy or not. It also means paying for costly employee benefits. You only pay for what you need with outsource accounting service.

Ready to learn more about outsourcing your company’s accounting functions? Contact Doerhoff CPA today.