Benefits of Outsourcing Accounting and Bookkeeping

Accurate bookkeeping and accounting are not optional for successful businesses, but hiring a full time accounting staff to keep your company’s books can be expensive.

While every business needs the financial data that accountants and bookkeepers prepare in order to fulfill regulatory obligations and make solid business decisions, incurring the cost of a full time staff to prepare that data may not be a very good business decision at all.

Outsourcing this work to a Raleigh CPA firm can mean having the expert financial services that you need anytime while enjoying significant savings.

It should come as no surprise that outsourcing your accounting and bookkeeping work to a third party provider can cost a lot less than hiring a full time employee. The cost of health insurance, paid time off and payroll taxes for just one employee can add tremendously to the cost of hiring someone. Outsourcing your financial accounting and bookkeeping needs means that you can even save on the cost of office space.

The savings that you can enjoy does not end when you eliminate social security and medicare taxes. There are significant time savings that you will reap when you no longer have to devote time to managing an in-house accounting and bookkeeping team. Even managing just one employee takes up time that you can spend furthering your company’s goals. When you outsource your work to a professional North Carolina CPA firm, you are handing off all the headaches of hiring, retaining, training and terminating employees. Instead, you are free to focus on building your business.

Some businesses decide not to use the high quality services that a CPA offers. Instead, they find themselves hiring inexperienced employees with little to know experience using accounting software, correctly classifying assets, revenue and expenses, and in need of a great deal of training.

A Certified Public Accountant, however, provides a high level of quality with all of his or her services. This means that they have the skills necessary to provide you with accurate and complete financial analysis, including tax returns, quarterly reports, audits and compilations. While hiring a CPA to work for your business full time may not be affordable, it is affordable to outsource your work to one. You can enjoy all of the experience and technical expertise that a CPA has, at a cost that is a fraction of hiring a full time employee.

Contact Langdon & Company LLP today as they are a leading North Carolina CPA firm offering a broad range of audit, accounting, tax and advisory services in the southeastern U.S.