Merits of Outsourcing Your Accounting and Book Keeping Services
“I have been using an outsourced Certified Public Accountant for the past 7 years now. It was the best decision I made!”
“A book keeper may be cheaper but a CPA will be worth the while in the long run. My CPA, apart from keeping the accounts had also been able to advise on areas such as CPF changes, simple tax matters as part of client management. An unqualified book keeper will not be able to do this”
Ms Hsieh, business owner and employer.
Outsourcing brings the following invaluable benefits:
1. Save on labour and property costs With inflation in full flight, labour and space costs have risen by 3-4 fold. In a way, by outsourcing, I have been able to cut down my labour costs as I do not have to pay CPF, annual leave, medical costs, medical insurance premiums and most of all property costs. I need not cater for a work station for an accountant.
2. No headaches of finding a replacement staff Recruitment is a costly process. In addition, one needs to train up a new staff. This further increases the time costs needed to retrain someone new.
3. Time to focus on business development With the need of finding someone new eliminated, I had the opportunity to focus my energy on growing my business. More time to meet clients and develop new business.
4. Get a qualified CPA, not a mere book keeper A CPA will only enhance the value of your business by providing quality financial statements and value-added advice. CPAs are qualified and therefore, are quicker to understand your business.
Qualified CPAs need not be found only at the Big 4 accounting firms. We are here to serve all your accounting needs.
Filed under: Outsourcing