Outsourcing isn’t the only solution—and it isn’t just “for every company”. So if you are on the fence about whether or not to outsource your accounting, bookkeeping or controller functions, consider the following reasons you might want to keep them in house recognize that outsourcing
isn’t the only solution and it isn’t just “for every company”. So if you are on the fence about whether or not to outsource your accounting, bookkeeping or controller functions.
The company loves paper.
Some companies really need or want to keep a massive amount of paper in their offices or housed in external filing storage. Some reasons for this may include regulatory requirements or compliance restrictions but others are just a matter of not wanting to change old ways. If you are on the fence, consider that you may be able to create a hybrid approach where you keep certain paper-heavy tasks internal but outsource other areas.
Attitude towards technology-based services.
We don’t necessarily understand notice but some companies totally prefer pen & paper methods to technology. The same may apply to Excel-based methods that have alternatives in newer technology and accounting applications. If you really just don’t want to change your ways, there is likely little point in outsourcing. Accounting companies utilize a lot of forward-thinking, technology-based accounting methods that they will need to support your business. If you don’t want them, there is no need to look to outsourcing.
This one is simple but deserves mentioning. If your current structure is working for you, there is no reason to change it. If you’re getting the reports you want, in the timeframe you want and the data is correct—why would you even consider changing it? If you are seeing flaws, gaps or errors that you are worried about, then you might want to consider outsourcing.