ACCOUNTING General Overview
A large number of organizations are outsourcing their accounting functions so as to focus on strategic planning, increasing their market penetration and other income producing initiatives.
Experience shows that outsourcing professionals when taking over the responsibility for the current and routine accounting tasks provide added value to companies and in turn enhance the efficiency of the finance department. Why are organizations outsourcing their accounting function?
Allows them to focus on sales, profitability, business growth and development.
Improves the accounting related procedures and steps and at the same time
reduces operating costs.
Eliminates the need to hire, train and maintain accounting and staff. The benefits of outsourcing accounting:
1. Uninterrupted accounting serviced 365 days per year.
2. No employee sick leaves, holidays, etc.
3. Quality services at competitive rates
4. Reports and Financial Statements on time