If you’ve wrestled with the idea of outsourcing your organization’s accounting function, you’re in good company. Many small- and medium-sized business owners have grown weary of maintaining an internal bookkeeping staff due to frustrations with employee turnover and the high cost of hiring and training people. Some business owners have turned to outsourcing their accounting function to a CPA firm. If you’re thinking, “I can’t afford that,” think again.
Even as a CPA firm, we’re not above admitting that while the accounting function is incredibly important in any organization, it is often time consuming and gets in the way of more exciting revenue-generating business initiatives. If, as a business owner, you have toiled over internal accounting tasks when you could have spent that time on big picture items like developing an amazing new marketing campaign, you’re not alone. That’s why recent years have seen a growing trend in business owners outsourcing their accounting function to CPA firms. How do you know whether outsourcing the accounting function makes sense for your business? Let’s pose some questions.
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