Outsourcing accounting services – the main advantages

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Outsourcing accounting services

Outsourcing accounting services

Currently, such practices as outsourcing of accounting services are used more and more often. Contrary to the popular misconception, it is not only chosen by small businesses, but also by the heads of fairly large companies. Remote accounting allows you to significantly reduce costs on full-time specialists and at the same time get a complete and high-quality service, as well as accounting support cost. Let’s look at some features this service has and how it differs from classic freelancing.


Outsourcing accounting: why is it profitable?

The prices for outsourcing accounting services are affordable and attractive. Of course, the final figure depends on many factors, including the size and type of enterprise, the tax system used in it, the volume of document flow, and so on. However, for any situation, you can choose a convenient tariff with an acceptable cost of accounting support on a remote basis. In order to understand why this happens, you need to understand what usually makes up the cost of in-house accounting. The main activities are as follows:

  •  salary payments;
  •  contributions to the pension fund;
  •  allocation of additional funds necessary for professional development of personnel;
  • office space maintenance costs;
  • expenses for the organization of work places;
  •  expenses related to accounting software.

For commercial organizations, outsourcing accounting services allows you to avoid all of the above costs, which is an excellent way to optimize your business. In this case, payment is made according to the tariff chosen by the client, and remote accounting is entrusted to a whole team of specialists. They work much more efficiently than one full-time employee, but the cost of their accounting support is always much lower.

What is better for the organization – outsourcing of accounting services or freelancing?

In Moscow, outsourcing accounting is very common, but some firms that prefer to do without full-time accounting also use alternative methods. The most popular solution is to invite freelancers for the period of tax audits or preparation of current reports. It is not recommended to do this, because outsourcing of accounting services is cheaper in terms of cost and at the same time protects the company from all sorts of risks associated with freelancers. We should not forget that the accounting support of LLC on a remote basis is protected by liability insurance, but the incoming specialists can not provide any special guarantees. In addition, it is quite difficult to introduce a freelancer to the course of business in a very short time, and with a batch service on outsourcing, this problem does not arise. Your legal entity is handled by a whole team of remote specialists who have all the necessary information and consider the specifics of your business strategy, taking into account the cost of accounting support.

Outsourcing of accounting services: prices, nuances, tariffs Outsourcing accounting in Moscow and other cities can be carried out in various forms, including subscription service, VAT refund, accounting restoration, employee training, etc. The nuances are determined by the package that the client chooses. Many additional services (for example, payroll or personnel records management) can be added to the integrated accounting support of the LLC. At the same time, the client’s field of activity is not of decisive importance, since accounting companies form their staff from specialists with diverse knowledge and experience. In general, any accountant who has worked in outsourcing for a long time can present a higher level of qualification comparing to his colleague who worked in-house. This is explained by the opportunity to work with a large number of enterprises of various types, volumes and levels of development.

Also read this article Outsourcing foreign legal entities