Outsourced accounting is a model of accounting service provision in which a company hires a company specializing in accounting to carry out accounting and financial activities. There is a lot of talk about outsourcing accounting after the company reaches a more complex structure and grows.
However, studies prove that outsourcing accounting can bring many benefits to small and medium-sized companies, including, although it requires the hiring of third parties, cost reduction. Outsourced accounting can be more economical than maintaining an in-house accounting department, as the company does not need to bear the costs of hiring and training staff, nor the purchase of equipment and software, for example.
Another advantage is access to specialized professionals, as outsourced accounting companies generally have a team of professionals who are experts in different accounting and financial areas. This allows the hiring company to have access to a high level of expertise and knowledge, which can be useful for making strategic decisions.
Furthermore, outsourcing accounting allows for an improvement in the quality of accounting information, as outsourced accounting companies are specialized in maintaining accurate and updated records, in addition to always being up to date with current standards and legislation.
One of the biggest benefits that outsourcing accounting brings to small businesses ishollow in the core business, as it allows company leaders to focus on their main activities, without having to worry about accounting and financial management, which is delegated to a specialist. This allows the company to dedicate more time and energy to developing and improving its product or service, seeking business growth.
Studies have shown the efficiency of outsourced accounting for small businesses, for example, “Outsourcing of Accounting Services and the Performance of Small and Medium Enterprises”, published in the magazine “Journal of Small Business Management”, concluded that accounting outsourcing is positively related to the financial performance of small and medium-sized companies.
Outsourced accounting is important for small and medium-sized companies because it allows them to reduce costs, focus on their core business, access specialized expertise and improve the quality of accounting and financial information, contributing to the success of the business.
Get in touch with TATICCA – ALLINIAL GLOBAL, which works with integrated auditing services, internal audit, accounting, tax, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, visit www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.