Who DOESN’T need Accounting Outsourcing

I joined the auditing company, which was founded by my mother 20 years ago. Now I am the Managing Partner of auditing company ACCOUNT Auditing & Consulting, and have been dedicating myself to the business full time for over 10 years. Within this time, together with our team, we have been working with accounts of over three hundred companies of different background and field. Our experience is our pride. Those managers that are used to delegate a number of business processes to professionals, address us for assistance in organization and revisions of their financial, management and tax accounting, personnel records, etc.

With view to introduction of quarantine the majority of businesses are considering to transform their business activity into online. Outsourcing of accounting process is one of such steps.

There might be prejudice, that it is easier and cheaper to have an in-house accountant or a group of accountants. Honestly, I have seen many very well organized accounting systems. And out of my own experience I may assure you in which case you DO NOT need outscourcing of accounting services:

• You have a clear understanding of basic principles of accounting. You follow all changes in tax legislation.
• You are conventionalist. You need control. You derive pleasure from controlling accounting steps. You need physical presence of accountants next to you.
• You have enough time in your hands for recruiting of qualified personnel, you develop motivation and performance control of accountants.
• In your company accounting department has priority before other sections of your business.
• Your company has enough resources for supporting working places for accountants (office premises, work place, computers, internet and other hardware)
• You have an assigned budget for special active measures on cash flow oversight at the bank accounts of the company.
• If you don’t have a deep knowledge in accounting, however you have savings or insurance for risks of unexpected payments, such as fines for untimely submission of reporting, penalties, unestimated taxes etc.

If you have answered Yes to any of these questions, I truly believe that you are on the right path, and the accounting for your business is in good hands. However, if neither of the points is about you, or you might have doubts about them, I would happily advise you on organizing your accounts.

We may help you save your time, which could be redirected to improving strategic development of your business. All your primary documents will be in order and we will prepare the reporting necessary for taking all management decisions. You will be free from headaches of tax planning and submitting reporting to the state authorities. We may undertake the functions of CFO, auditor, chief accountant, and personnel record keeper for your business. You may delegate full time accounting tasks to us, as well as specific sections, such as payroll, personnel records, setting up terms of reference for software developers on management accounting or adjusting accounting system to specifics of your business. With us you would be able to stay a small business without hiring an accountant, because you will have an auditing company keeping your books.

So, if you read this article up to this point, the thoughts on delegating your accounting have been in your mind for a long time. Therefore, don’t take any more delays, just give me a call, or send us a message, we’ll be happy to discuss possibilities of cooperation with you.