Busted: Myths which are restricting your organization from outsourcing accounting services - Accounting by Qurate.

Decision to outsource a particular service or product can be very tough and challenging for an organization as it involves distribution of responsibility with an external entity on which you cannot have a complete control.

When it comes outsourcing of financial services like accounting and bookkeeping this decision becomes even more difficult as it involves sharing your company's operational and financial data with a third-party organization which might not even be in the same country as yours. Hence, your reservations towards outsourcing financial services can be very well understood. However, outsourcing accounting and bookkeeping services can be of immense value addition due to flexibility, freedom and cost saving it provides.

To make your decision easier, Accounting by Qurate, a veteran in the field of outsourced bookkeeping and accounting services is here to bust the most common myths which it has come across in its many years of functioning.

Learn more about Accounting By Qurate services at: https://www.accountingbyqurate.com/services

Common Myths on Outsourcing Accounting and Bookkeeping Services are as follows:

Myth 1: Outsourcing Bookkeeping and Accounting isn't safe.
Myth 2: Outsourcing Bookkeeping and Accounting is expensive.
Myth 3: Outsourcing Bookkeeping and Accounting is for Big Organizations.
Myth 4: Outsourcing is sharing your company's control with another organization
Myth 5: Outsourcing Accounting services will cause loss of employment

Myth 1: Outsourcing Bookkeeping and Accounting isn't safe.

A good Outsourcing firm leverages its technology to ensure transparency. Legal documentations of service and securing all data entry and exit points with strong software backup ensures development of trust. Further, saving all data on client server and having access to only permitted information adds another layer of security and privacy.

Myth 2: Outsourcing Bookkeeping and Accounting is expensive.

Outsourcing bookkeeping and accounting is actually very cost effective. It saves time effort and money to build, train and maintain an inhouse accounting team. Plus, you can choose a service which suits you out of all the offerings provided and you only pay for what you choose.

Myth 3: Outsourcing Bookkeeping and Accounting is for Big Organizations.

A company can opt for an outsourcing service irrespective of whether its big company or a small one. It has more to do with in what function and domain a company works? The idea behind outsourcing is to give organizations freedom to focus on their core business, leaving the back-end necessity, which is accounting to third party. The model works effectively across multiple domains and businesses which might be at any stage of growth.

Myth 4: Outsourcing is sharing your company's control with another organization Outsourcing an accounting service is as like outsourcing a product part from a vendor. You share your product design specific to your product assembly, you suggest the material, you decide the date and day for requirement, and negotiate the price.  The control always remains with you.  Similarly, in outsourcing you discuss and share your business model, you suggest and guide how you want your accounts done, you share the data, and you decide when and in which format you would like the end result. We only provide our expertise and software. Control rests with you.

Myth 5: Outsourcing Accounting services will cause loss of employment

It actually gives you freedom to hire the right people for development of your core business as you don't have to worry about having a team to handle your finances. It makes working more flexible and growth focused.

For More info please visit: https://www.accountingbyqurate.com/

Contact us on:
Mail:info@accountingbyqurate.com
Contact No: +44 20 8133 1014

ABOUT US :-

Accounting by Qurate is a global leading outsourcing provider of audit, tax, accounting, and consulting services to business growth-driven accounting firms worldwide. Our fundamental purpose is to encourage growth and revolution of accounting firms with our extremely qualified team of accountants, tax professionals and consultants. Our outsourcing services help in resourcing your practice efficiently, free up staff to emphasis on higher-value tasks and driving profitability by lowering costs.

This release was published on openPR.