The Benefits of Outsourcing CFO, Controllers and Accounting

benefits of outsourcing blog

You might think your company saves money by handling accounting services in-house. But many companies find that’s not the case. Let’s take a look at some of the advantages of outsourcing these time-consuming and complex chores:

 

You gain access to high-level CFO and accounting skills without having to hire or train qualified personnel.You reduce or eliminate potential errors, omissions, fraud, and other problems that can crop up by doing accounting and bookkeeping in-house.

The time and resources spent keeping the books can be spent on more important, profitable activities in your business.

You might actually save money with outsourced accounting services. Consider all the costs of doing it in-house, such as:

  • recruiting
  • salaries
  • taxes
  • training
  • paid time off
  • benefits

For many companies, it is cheaper to turn these important tasks over to professionals who specialize in them. Outsourcing services commonly include basic accounting such as:

  • accounts receivable
  • accounts payable
  • strategic plan
  • budgets
  • CFO consulting services, etc..

 
Virtual Accounting Solutions can handle your outsourced CFO and accounting needs and provide you with real-time information to make your business decisions. Contact Kristen Berdar to learn more about how outsourcing can benefit your business.

Copyright 2017, BST & Co. LLP