2025-04-26, 12:53
Outsourced accounting is when a company contracts with another firm or group of people to do their accounting duties, rather than tending to the function in house. Some examples are bookkeeping, payroll, preparing tax returns, and the like. There are two major reasons why companies prefer outsourcing: it saves time, as well as for cost reduction and for accessing expert knowledge, without hiring full time employees. It's especially popular among the startup and those small businesses who need the professional services without the overhead of the full accounting department. Remote outsourced accounting allows it to be done remotely, which is the flexibility that is ever so useful when the business starts to grow.