Why SMEs are choosing outsourced accounting

Irrespective of whether you run a one-man, or one-woman band, or a medium sized enterprise, accounting is a fact of life and outsourced accounting needs to be seriously considered.

No matter whether you do your accounts through obligation, or because you want to keep your finger firmly on the financial pulse of your business, having an effective and efficient accounting system is essential.

With essentially three choices when it comes to accounting, it’s up to you to decide if you’re keen to do your accounting yourself; you employ someone to do it for you or you outsource it.  Although many small business owners start off doing their accounting themselves, they soon realise that this is false economy.  Not only do they typically get fed up of burning the midnight oil doing bookkeeping, but they soon realise that the role of bookkeeper or accountant is best left to the experts.  With the right bookkeeping and accountancy systems in place, you’ll be able to have an accurate and up to date view on your business at any time, day or night.

Employing a bookkeeper or an accountant on your own payroll is a luxury that most businesses can no longer afford.  Gone are the days that small businesses had a whole team of accountancy qualified staff to help them organise their bookkeeping and accounts.  In fact, directly employing anyone to deal with your accounts related tasks is now deemed by most small business owners as false economy.  Employing someone to carry out these duties not only means that you need to be sure to have enough work to fill their contracted hours, but you also need to be confident that you can cope with their workload should they happen to be on holiday or off sick for any reason.

Outsourcing your accounting to The Smart Accountants gives you the perfect solution all round.  Irrespective of whether you run a small or a medium sized business, choosing outsourced accounting gives you the peace of mind you need.  No matter whether you outsource your accountancy to a firm that comes to your premises on a pre-agreed time basis to carry out your accounting tasks; or if they come to you only from time to time, on a needs basis; or if you never see them at all, outsourced accountancy will make sure your accounts are kept in order at all times, at a price that won’t break the bank.

When it comes to choosing the right outsourced accountancy option, it’s important that you consider which way of working would suit you best and then select your provider based on their flexibility and reputation as well as their price and qualifications.  The detail of your outsourcing relationship is really up to you to decide, as is the software, such as Xero or Sage One, that you use. But irrespective of whether you choose to have some face to face, or no face to face element, you will find that the management information you gain from having your accounting ducks in a row is a real boost to your decision-making process and your overall business success.

If you’re struggling with your accountancy duties in-house, struggle no more, contact us today to discuss the broad range of outsourced accounting options we offer.  We think you’ll be surprised at how easy and affordable this solution is.

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