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Many businesses cannot outsource all accounting activities, so they can outsource the limited activities to an accounting agency.
Modern Businesses are discovering that outsourcing accounting and book keeping is a better way to achieve efficiency. One of the primary reasons that accounting outsourcing can be beneficial is the struggle to achieve efficiency in their accounting with their in-house accounting team. Many businesses cannot outsource all accounting activities, so they can outsource the limited activities to an accounting agency if necessary.
Many organizations are unaware of which activities can be outsourced when it comes to accounting services. To make your job easier, we've listed some of the most important activities that can be outsourced below.
Several accounting tasks can be delegated to a third-party accounting firm. Outsourced accounting firms can perform accounting and finance activities more effectively in order to provide better services. You can learn about the different types of accounting activities that can be outsourced here.
Outsourcing allows businesses to access expert-led, cost-effective accounting services for businesses. From transactional tasks to strategic reporting, types of outsourced accounting services improve efficiency, accuracy, and focus especially for Startups and SMBs seeking agile growth support.
Below is the list of different types of accounting activities which can be outsourced:
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Bookkeeping is a type of activity that must be completed on a daily basis. On a daily basis, company should records all financial transactions in the proper places in the business's accounting books. There is a possibility of some errors in these activities, and if the staff is inexperienced, there may be additional errors that affect the subsequent accounting books. As a result, bookkeeping activities can be outsourced to experts in order to provide more accurate and timely service. Moreover, incorporating daily accounting services ensures smooth financial operations. These include accurate recording of expenses, categorizing costs, and reconciling financial accounts ensuring up-to-date bookkeeping and transparency in accounts receivable and payable.
Accounting reports of various types are important aspects of most businesses. An inefficient in-house staff might not be that well-versed with providing better reports. Outsourcing accounting services like this can help you produce higher-quality reports that are easy for management to understand. This will assist in making better business decisions. MIS reports translate raw numbers into strategic business insights. Reports like P&L statements, budget vs. actuals, and region-based sales dashboards empower businesses to act with clarity and confidence using data-backed decisions.
Outsourcing financial analysis and planning can help you receive better service in this area. There will be well-qualified and experienced personnel working on this, allowing for better financial analysis and planning. This can eventually help you improve your business's finances. Through outsourced FP&A services, businesses gain access to forecasting, scenario modeling, and profitability analysis. These enable strategic budgeting, risk assessment, and growth planning based on real-time cash flow and performance data.
Tax accounting is concerned with the payment of required tax payments and the proper payment of income tax. Outsourcing these accounting services can provide better service because they understand tax laws, tax payments, noticing unnecessary taxes, and so on. Beyond annual tax filing, this service covers corporate, sales, and payroll taxes. Agencies ensure tax planning, audit handling, and regulatory compliance—vital for avoiding penalties and maintaining fiscal hygiene.
Cost accounting is concerned with the recording, analysis, and reporting of the company's major costs. This can be useful in making important financial decisions and creating a proper business budget. It will assist the business in meeting its financial goal of increasing net profit margins. Obtaining the best outsourced accounting services can assist you in lowering costs and achieving greater financial growth. . Gain control over internal costs by tracking product-specific expenses, analysing fixed vs. variable costs, and conducting break-even studies. It ensures profitability and sharper pricing decisions with accurate inventory valuation and allocation.
If any of the information is incorrect, forensic accounting can assist in detecting accounting fraud. This will assist the company in determining where the possible fraud attempt occurred and ensuring a smooth accounting system. This specialized service detects irregularities by tracing suspicious transactions, assessing internal controls, and preparing litigation reports. It is crucial for preventing fraud and supporting legal proceedings.
Payroll services will include keeping accurate records of all payments made in the accounting books. A proper calculation of the payroll and other compensations is required here. Payroll accounting can be outsourced to ensure accuracy and proper payroll management. Managing employee compensation accurately is critical. This includes wage calculations, commission management tracking, tax deductions, and payroll compliance filings—ensuring employees are paid correctly and on time.
Designed for internal decision-making, this involves budgeting, cost center monitoring, and operational performance reviews using financial dashboards. It supports strategic and tactical business moves with internal reporting.
Controller services provide governance overall financial activities. From month-end closures to compliance checks, these services streamline processes, enforce internal controls, and support CFO-level oversight.
Independent audits ensure data accuracy and regulatory adherence. Services include internal audit prep, risk reviews, and compliance audits boosting stakeholder trust and operational integrity.
These are some examples of accounting services that can be outsourced. Aside from these, there are numerous other activities that can be delegated.
1. Efficiency – Hiring an accounting service for businesses allows you to manage your finances more efficiently because of expert management and useful tools.
2. Time and cost savings - Businesses get to save both time and money by selecting accounting services that can be handled externally.
3. Access to experts (CA, CPA) -Outsourcing allows you to benefit from CAs and CPAs without needing to pay the costs of hiring them on a permanent basis.
4. Strategic focus - With accounting and finances taken care of by others, companies can concentrate on what they do best.
5. Error reduction - With help from experts and technology, outsourced accounting services make sure that fewer errors happen.
6. Better decision-making – You get the financial reports you need on time to make great decisions.
7. Flexibility in services - It is possible for businesses to use outsourced accounting services only for what is required of them.
8. Tax compliance - Experienced accountants help businesses stay current with ever-changing tax laws by making sure all taxes are filed promptly.
9. Financial growth– With outsourcing, companies can improve financial analysis and planning which helps their long-term growth.
10. Proper payroll handling- Outsourcing your payroll to a professional accounting service guarantees it is done right and in compliance.
11. Scalability– Managed services can easily be changed to match a company’s current needs.
12. Improved data security - Strong measures for data security are put in place by the trusted organizations.
13. Continuity of operations - With outsourced accounting, your business will not stop when there are staff changes or gaps.
Businesses of all sizes from startups to large enterprises can choose suitable types of outsourced accounting services and benefit from outsourcing accounting by gaining access to expert services with reducing cost and improving financial efficiency.
· Startups save costs early on.
· Growing firms scale without adding headcount.
· SMBs access expert-level services.
· Firms with complex financial needs gain specialist insights.
· Industries like SaaS or e-commerce handle vertical-specific compliance seamlessly.
When selecting a partner for accounting services for businesses, it's important to assess your service needs, verify team credentials (CA, CPA), and review their technology stack. Look for providers offering the right types of outsourced accounting services, check reviews and pricing models, and ensure they prioritize communication, data protection, and offer accounting services that can be outsourced based on your business goals.
Accounting services that can be outsourced from bookkeeping to auditing helps businesses stay focused and efficient. Whether you are in Mumbai, Bangalore, or Pune, Jordensky delivers customized solutions. Collaborate with Jordensky to unlock smarter, faster, and expert-driven financial management. Visit our website for more services from accounting services in Mumbai, accounting services in Bangalore, accounting services in Pune for better solutions.
Contact Us Today to explore flexible accounting services.
Que : What is Outsouring ?
Outsourcing is the process of giving specific activities and responsibilities from your firm to an outside service provider so they may be completed quickly and you can keep concentrating on your core business.
Que : Why should I think about outsourcing my accounting and finance?
Accounting and finance are the most significant and important functions of any business. You can save time and money by outsourcing. You might use that time more productively by developing winning company strategies or forging lasting relationships with your current clients instead of handling your accounts and finance back office.
The outsourced accounting model has changed over time, and when you work with the best service provider, the advantages are substantial. When you collaborate with Jordensky, your company has unrestricted access to professional CA and Accounting Team.
Que: Is it more expensive to outsource accounting than to handle it in-house?
Ans : Outsourcing can result in cost savings that are both direct and indirect. You can save money by employing an outsourced model that streamlines operating and reporting processes because an outsourced full-time equivalent (FTE) costs up to 50% less than an onsite employee, including their payroll cost, healthcare and other benefits, equipment cost, and more.
As the resource will be managed by your outsourced partner, your management costs will also be reduced. This gives management and important stakeholders more time to concentrate on fostering and accelerating business success. When you outsource, you only pay for the services your business actually requires.
At Jordensky, we are committed to providing an experience of the highest caliber while specializing in accounting, taxes, MIS, and CFO services for startups and expanding businesses.
When you work with Jordensky, you get a team of finance experts who take the finance work off your plate– ”so you can focus on your business.
Also Read,
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