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Why outsourced bookkeeping is a billion dollar business

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Why thousands of companies across the globe have been outsourcing their accounting and bookkeeping services.

Published in: Business, Economy & Finance
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Why outsourced bookkeeping is a billion dollar business

  1. 1. WHY OUTSOURCED BOOKKEEPING IS A BILLION-DOLLAR BUSINESS (Reasons companies across the globe have been outsourcing their accounting and bookkeeping services) Sourcefit: Custom Offshore Staffing Solutions http://www.sourcefit.com/
  2. 2. Worldwide, outsourced bookkeeping is a $50 billion business sector. Bookkeeping is one of the most commonly outsourced tasks. http://www.sourcefit.com/
  3. 3. That’s because: http://www.sourcefit.com/
  4. 4. That’s because: http://www.sourcefit.com/ (Reasons thousands of companies across the globe have been outsourcing their accounting and bookkeeping services)
  5. 5. http://www.sourcefit.com/ Accounting and bookkeeping are labor intensive and require a high degree of specialization.
  6. 6. http://www.sourcefit.com/ At the same time, these tasks are typically not among the core competencies of a company. So outsourcing them lets companies focus their time, energy, staff, and management on core competencies.
  7. 7. http://www.sourcefit.com/ Outsourcing accounting tasks also helps companies become more competitive by allowing them to focus on core tasks that would directly help the business gain an edge over rival companies.
  8. 8. http://www.sourcefit.com/ Some companies, for example, would then be able to use more time and energy on scheduling face to face time with customers or on sales.
  9. 9. http://www.sourcefit.com/ Hiring an outsourced accounting firm not only helps companies cut costs but also allows them to gain access to highly skilled employees that can guarantee accurate, high quality results that are delivered on time.
  10. 10. http://www.sourcefit.com/ The savings on costs as a direct result of outsourcing can go a long way toward helping the company remain competitive.
  11. 11. http://www.sourcefit.com/ Smaller companies and those that are understaffed can also benefit from outsourcing tasks like bookkeeping and accounting.
  12. 12. http://www.sourcefit.com/ Outsourcing in this case helps the limited number of in-house staff focus more on core competencies.
  13. 13. http://www.sourcefit.com/ Get excellent outsourcing results with careful planning, proper implementation, and a service provider that’s the right fit for your company’s requirements.
  14. 14. To learn more about outsourced bookkeeping, visit us at http://www.sourcefit.com/accounting- outsourcing
  15. 15. To learn more about outsourced bookkeeping, visit us at http://www.sourcefit.com/accounting- outsourcing Text by: Fern Carlos, Sourcefit: Custom Offshore Staffing Solutions http://www.sourcefit.com/ Valerie

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