OUTSOURCE ACCOUNTING SERVICE- PROS AND CONS
OUTSOURCE ACCOUNTING SERVICE One of the dilemmas faced by many businessmen is that whether to keep an in house accountant for day to day book keeping or to outsource accounting service to an external agency. There is no readymade answer to the same and it all depends upon nature of business, complexities of accounting, annual turnover of the company and other factors. Normally, during the initial stage of businesses, it makes sense to outsource accounting service instead of keeping an in house accountant merely from cost saving purpose and as the business grows, it is advisable to keep an in house accountant. In this write up, we would be discussing the pros and cons of account outsourcing instead of keeping an in-house accountant Pros of Account Outsourcing a) Cost Saving As mentioned above, in the initial stage of business, lot of cost saving can be done by taking account outsourcing service of an external firm. This is due to the fact ...