Merits of Outsourcing Your Accounting and Book Keeping Services
“I have experienced the benefits of outsourcing my business, accounting and tax functions to a qualified CPA (Certified Public Accountant)”
“I used to have a book keeper come in to my office once a month to keep the books. However, after a while the book keeper could not give me additional value in the form of tax or other financial advice which I need as a company owner. Then came a qualified CPA whom I outsourced to. The fees for a CPA is higher but worth every cent as it gave me the full comfort of mind”
Ms Hsieh, business owner and employer
Benefits of outsourcing:
1. Save on labour and property costs With inflation in full flight, labour and space costs have risen by 3-4 fold. In a way, by outsourcing, I have been able to cut down my labour costs as I do not have to pay CPF, annual leave, medical costs, medical insurance premiums and most of all property costs. I need not cater for a work station for an accountant.
2. Costs of recruitment and retraining are eliminated I have seen at least 3 of my accounting staff leave my company in a spate of 3 years! The costs of recruitment are very high plus the need to train someone new adds more to the costs when someone leaves. This is totally eliminated when you outsource your accounting functions.
3. Just focus on business development now I have seen my business grow significantly without worrying that my accountant may leave me some day. My focus is now truely on growing the sales for the company and meeting up with clients.
4. Get a qualified CPA, not a mere book keeper A CPA will only enhance the value of your business by providing quality financial statements and value-added advice. CPAs are qualified and therefore, are quicker to understand your business.
Qualified CPAs need not be found only at the Big 4 accounting firms. We are here to serve all your accounting needs.
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It’s not a difference for current companies when having outsourcing. It is a way to make this process rather complicated but with more profits as a result. So, take a look at research paper I’m lovin’ it greatly. And I need to stay in touch with you afterwards!