Kutchins, Robbins & Diamond, Ltd. Certified Public Accountants and Advisors

Pros & Cons of Outsourcing

Have you been considering switching to an outsourced accounting firm? If so, you’ve probably weighed the pros and cons of making the switch.

Common reasons businesses choose to keep their accounting in-house include:

  • The business owner doesn’t want to relinquish control of “the books”
  • The owner has experience in bookkeeping/accounting, so they can ensure quality work is being done
  • The owner can determine how much they want to pay a bookkeeper when hiring new personnel
  • For most business owners, handing over control of their books can be uncomfortable. If an issue arises, you can’t walk into someone’s office and discuss it right on the spot

Reasons a business decides to outsource their accounting services include:

Cost-Effective Staffing

Hiring an outsourced accounting firm is an investment, but can be cost effective in the long run. Training, hiring and retaining staff is expensive. When you outsource your accounting services, you won’t have to hire and pay staff on a full or part time basis. Your outsourced accounting firm will maintain your accounts, provide reports and deliverables in a timely fashion.

High Degree of Accuracy

An outsourced accounting firm hires trained professionals. This ensures your tasks will be taken care of with the utmost expertise. For instance, our outsourced accounting team has regular training and yearly accreditation hours to keep them up-to-date, informed and license compliant.

Increase Cash Flow

A professional outsourced accounting firm can predict your cash flow and even come up with ways to help you find extra cash for your business. When looking for outsourced accounting services, you should hire a firm that provides cash flow forecasting services, like KRD.

News

Read the latest news
from KRD and find out more.

New to QuickBooks? Try These 5 Activities
5 Resolutions QuickBooks Online Users Should Make for 2021
KRD Makes Finalizing Your Tax Return Easy, Safe, & Convenient

Request a callback

Would you like to speak to one of our financial advisors over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you prefer.

    I would like to discuss:
    CONTACT

    SCHAUMBURG

    1051 Perimeter Drive, 9th Floor
    Schaumburg, IL 60173

    Office: 847-240-1040
    Fax: 847-240-1055

    CHICAGO

    35 E. Wacker Dr., Suite 690
    Chicago, IL 60601

    Office: 312-201-6450
    Fax: 312-201-1286