Outsourcing of accounting services allows entrepreneurs to focus on business and improve processes. Besides, companies get the opportunity to minimize financial risks and, most importantly, reduce costs.
Benefits of outsourcing accounting:
Cost reduction. In addition to the salary paid to an internal accountant, companies have to provide the employee with a desk, computer, telephone and other facilities. By outsourcing accounting services, companies can reduce the amount of taxes they pay. Thus, as a result of outsourcing, the company saves 25-30% of its expenditures.
Quality of service. In specialized outsourcing companies due to the repeated implementation of processes the solution of both complex and everyday tasks is much faster.
Responsibility for the result. In the case of outsourcing, the client company is protected by the provisions of the contract while the executing company is fully responsible for losses resulting from errors, omissions, loss or damage to documents during the provision of services.
Confidentiality. The parties maintain the confidentiality of all information received in order to prevent harm to the interests of both parties, according to an agreement.
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