What is the outsourcing of accounting services and when is it required?
Outsourcing is an attraction to the outside organization’s cooperation, which considers some of the company’s responsibilities. These include areas that are not core to organizational activities.
Outsourcing accounting services – this is a complete transfer of corporate accounting to a firms outsource, competent in this field, or a single specialist outsourcer.
Main goal and reason to switch to outsourcing:
- risk reduction (fines, penalties or organizational closures)
- cost reduction (which is very important in the crisis or the company’s low financial activity)
- enhance business flexibility
- reduce the number of full-time employees
- low company income
- inability to maintain office space
- opening branch
- activities of foreign companies
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