Outsource

What is Outsourcing?

Outsourcing is not a new concept. Outsourcing is the contracting of some of the more tedious processes in a business to an outside provider. This reduces the cost of non-core functions resulting in increased profits.

Companies have been outsourcing their legal, advertising, printing, and computer services for many years to other firms who specialise in the relevant area. The company benefits from professional expertise without increasing overheads. The trend is to outsource any function of a business that is not directly related to generating sales and income.

In order to be competitive your business needs to find smart ways for saving costs and increasing revenues. You can save up to 50% of your overhead cost and 100% of your time by outsourcing your basic accounting work to others who specialises in this function. The time you spend trying to resolve tedious bookkeeping problems that add little value to your profits, can be better used growing your business.

Put your company’s focus where it needs to be – on the bottom line. Outsource your accounting and slash large amounts off your overhead costs.

Some of the most successful businesses today have gone to online outsourcing and now have time and money to spend on differentiating themselves in the marketplace. If you are looking for ways to reduce overheads and focus on your core business, now is the perfect time to make the switch to outsourcing.

When to consider it?

Outsourcing basic functions is a sound move for any size business. If any of the following apply to your business then take a long hard look at outsourcing:

• You are spending too much time managing your books and not enough time growing or running your business.
• You find that you are cutting corners, or you are uncomfortable with your accounting because it is too time consuming, or you don’t really understand how to do some of it.
• You want professional accounting expertise but can’t afford the high fees
• You simply don’t have the need for a full time accounting person or department.
• You only have a basic understanding of financials – enough to keep you informed about your business on a “day to day” basis.
• You want the flexibility of examining your accounts more often if they were up to date
• You want peace of mind. This comes from knowing your books are being maintained at all times by dedicated professionals.

Accounting firms are outsourcing

Because of technology, accounting firms also are discovering that outsourcing some of their mundane basic work saves payroll and overhead cost and frees valuable time.

Accounting outsourcing has been a lifesaver for many accounting firms. It has become almost mandatory for those accounting firms who want to focus on increasing profits. The idea of outsourcing some of the more repetitive accounting duties lessens the burden on an accounting firms, so they can manage their peak tasks better

Key Benefits

The main reason why businesses choose to outsource is to reduce operating costs, improve focus, improve quality, free up capital, and increase capabilities not otherwise available.
By outsourcing your accounting, you could:

• Focus on core business and off-load non-core functions
• Reduces accounting costs by over 50%
• Secures skilled staff at high cost savings
• Increases customer satisfaction with speed and service.
• Access world-class technology at lower rates.
• Grow your business and beat the competition
• Your data has the highest security

What we can do for you

August Accounting can offer you a fast accounting and bookkeeping outsourcing service to meet your need at a low price.  Our specialty is providing weekly/monthly cashbooks, bank and credit card transactions fully coded and full reports – General Ledger, Trial balance, GST, Budgets etc for any period that you select – all viewable online or by email