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Why Outsource?

There are a variety of reasons why businesses choose to outsource some or all of their accounting functions. There are many benefits associated with this practice and before deciding whether this is the best option for you, refer to the merits shown below.

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Time

  • Gives you the ability to focus on your business - you are not in the business of doing accounting
  • Avoid losing business through conflicting priorities, submissions and deadlines
  • Eliminate the need to constantly monitor and manage administration and back office functions
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Money

  • Lowers operational costs and can minimise system costs
  • Avoid recruiting full-time staff for part-time tasks and reduce employee benefit costs
  • Eliminate lost productivity costs and save money by avoiding late fees and interest
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Knowledge

  • Access to highly skilled staff with a wide range of expertise only when needed
  • Utilises the right level of staff for tasks
  • Access to specialists with a thorough understanding of best practice
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Focus

  • Utilises hard working, service focussed staff
  • Deadline and deliverable orientated provision
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Internal controls

  • Reduces the likelihood of fraud and mistakes through separation of duties
  • Improves documentation flow
  • Assists management control resources and operations 
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Systems

  • Allows access to accounting systems which are configured to your industry and your business
  • Improves security of information and data with robust systems being used
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Stability

  • Hire a company rather than a person and minimise the impact of employee turnover
  • Provides a backup solution for positions in case of an emergency
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Scalability

  • Allows the ability to increase and decrease capacity for staffing and systems when needed
  • Aids business adjustment to new systems, functions and locations with the minimal of disruption
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Information

Ability to access information and advice from a professional

Provision of relevant information and reports to better understand your business performance

Assists in the development of business strategy, budgets and forecasting

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Peace of Mind

  • Reduces worries by better management of potential risks
  • Develops business' confidence in passing audits & complying with legislation
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