5 Reasons Why Outsourcing your Accounting Unit is a Smart Choice

For at least the past decade, “outsourcing” certain corporate functions to a third party has been a hot topic in the business community. But whether a company is in the early stages of development or well established, the CEO should certainly consider the value of contracting out the accounting responsibilities to a firm that specializes in providing such services.

Executives need to be well informed about outsourcing arrangements and processes in order to truly recognize the value and benefits of hiring third party experts to manage day-to-day functions.

• Cost saving – Outsourcing provides cost savings to many organizations, including salaries, administrative costs related to employee benefits and unemployment taxes, staff training, recruitment and office space, staff turnover, performance management and saving management’s valuable time.
• Track your profit – With proper quality control placed on outsourced services, you will receive reliable accurate financial reports in a timely manner and make informed management decisions.
• Access to experienced professionals – Outsourcing can provide access to highly talented professionals with various levels of accounting expertise to perform your non-core accounting services, expertise normally too expensive to hire staff for.
• Improve productivity – Contracting the accounting function to a third party frees company management to focus on its core business. This is especially important when a company is in the early stages of development and the company founders are focused on developing products and establishing stable and growing revenue streams.
• Strengthen internal controls – Outsourcing can help strengthen your organization’s internal controls, increase transparency and accountability in financial operations. Segregation of accounting duties can easily be achieved with the combination of your staff and outsourcing team members.

Meritview Accounting services range from providing selected accounting services to providing entire back office support. Your need for Accounting Services may be as simple as interim staff support or as complex as a compete outsourcing of all your organization’s accounting functions with high-level support and oversight by experts.

We tailor our services to each of our client’s needs and become an extension of their organization’s team – regardless of the service level.

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