Benefits of outsourcing your accounting to a CA firm

Pending professional review. This guide is awaiting review by our Chartered Accountants.

For many small and mid-sized businesses, building a complete in-house accounts team is expensive and hard to sustain. Outsourcing the function to a Chartered Accountancy firm is a practical alternative.

What outsourcing gives you

• Focus on core business. Management time goes into customers and operations rather than reconciliations.
• Better use of people. Your staff can move to work that only they can do.
• Lower fixed investment. Less spending on accounting hardware, software and office space.
• Cost savings. You pay for the work done rather than for a full team.
• Expertise on call. Access to qualified professionals for tax, GST, TDS and reporting questions.
• Stronger internal controls. An independent team brings segregation of duties and review.
• Better reporting. More timely and accurate financial data and MIS.
• Off-site backup of data.

What to agree before you start

• The scope — bookkeeping only, or also GST, TDS, payroll and MIS.
• How documents reach the accountant (shared folder, accounting-software access, scans) and how often.
• A reporting calendar: when monthly books close and when MIS is delivered.
• Who in your business approves payments and entries.
• Confidentiality and data-access arrangements.

See our accounting services or talk to us about the right scope for your business.