What is Accounting Outsourcing ?
Account outsourcing refers to the practice of contracting out accounting and financial management functions to a third-party service provider. This service is typically offered by specialized firms, such as SS Auditors, which have the expertise to manage various aspects of accounting on behalf of businesses.
Benefits
- Cost Savings
- Expertise and Accuracy
- Focus on Core Business
- Compliance and Risk Management
- Access to Technology and Tools
Process
Assessment
Evaluate accounting needs and select an outsourcing provider.
Transition
Transfer financial data and processes to the provider.
Service Delivery
Outsourced firm handles accounting tasks.
Monitoring
Regularly review the performance and accuracy of the outsourced services.
Adjustment
Make necessary adjustments based on performance and business needs.
Documents Required
- Financial records and transaction details.
- Access to accounting systems and software.
- Contracts and service agreements with the outsourcing firm
- Previous financial statements.
Our Support?
- Help in identifying accounting needs and selecting a provider.
- Assist in the smooth transition of accounting functions.
- Monitor and evaluate the performance of outsourced services.
- Provide ongoing support and advice on outsourcing arrangements.
Frequently Asked Questions
Functions such as bookkeeping, payroll, tax preparation, and financial reporting can be outsourced.
Consider factors such as expertise, reliability, cost, and the ability to meet your specific needs.