Accounting services are outsourced are becoming increasingly common.
It no longer makes financial sense to provide a salary and benefits to an in-house accounting team when comparable personnel are available outside of the firm.
Using outside professionals makes even more sense when you realize that outsourced accounting services allow you direct access to a group of accountants with a diverse variety of professional experience.
Let’s take a look at why more CEOs and business owners will choose outsourced accounting services in 2022.
As a result, 37% of all accounting and IT tasks are outsourced. According to small business outsourcing statistics.
Digital marketing takes second place with 34%, followed by development and human resources with 28%.
Explanation of Accounting Services Outsourcing
Accounting projects are delegated to an outside team of accounting experts when they are outsourced. Though not all accounting tasks must be outsourced, an increasing number of companies are seeing the advantages of outsourcing the great majority of their accounting responsibilities to outside experts. As more organizations switch to remote work in response to the ongoing coronavirus pandemic, the rise in accounting outsourcing makes even more sense.
Top Reasons To Consider Outsourced Accounting
Staff Accountant
In-House Accountant
Outsourced Accountant
Annual Saving
Savings Percentage
Annual Salary
$ 41, 800
$ 24,000
$ 17,800
43%
Payroll Tax (10%)
$ 4, 180
None
$ 4,180
100%
Employee Benifits
$ 18,000
None
$ 18,000
100%
The Bottom Line
$ 63,980
$ 24,000
$ 39,980
62%
Take a look at the advantages of PayrollBD’s outsourced accounting services.
Our accounting professionals are ready to assist you, regardless of the size or complexity of your accounting assignments.
We can assist you with reporting, building a strong financial plan, streamlining bills, and any other accounting-related issues.
We adhere to generally accepted accounting principles (GAAP) and implement the best accounting procedures for your business.
Our human resources team can help you outsource all or part of your accounting responsibilities.
With our virtual accounting solution, you may easily access your accounting and other financial information from anywhere.
This information is accessible at all times, 24 hours a day, seven days a week, 365 days a year.
Our experts will even build a shortcut on your computer to make printing checks. Other accounting and bookkeeping tasks more convenient.
In summary, we provide all of the benefits of in-house accounting at a cheaper cost and with higher consistency.
We can help you right now
Take advantage of the opportunity to outsource your accounting services. You and the rest of your in-house team will be able to focus on your core strengths for the first time.
PayrollBD is excited to take on the challenges of all types of accounting projects. Your business to attain its full potential.
Contact PayrollBD today to learn more about our outsourced accounting services.
You can also reach out to us using our simple online contact form.