Did you know that over 65% of small businesses outsourced tax preparation and payroll tasks?
This staggering number shows just how many business owners spend extra money on outsourcing crucial accounting tasks to outsiders. This may seem like a great way to optimize processes and keep your accounting books in sync. But the truth is, businesses often don’t have the enough manpower or skill to manage finance.
Keeping your balance sheets in order, managing individual transactions on a day-to-day basis, updating accounts, manual data input, all such tasks which fall within the core function of business finance can turn out to be a nightmare if left to a manual workforce. And it would be wrong to overburden your accounts staff and to expect them to be 100% accurate with the numbers, every single time. So, if you wish to stick to this outdated way of handling your accounting processes, expect delays, inaccuracies and a tangled team.