Outsourced accounting with the right team on a business’s side can help any company save money and meet or exceed its fiscal goals.
However, when it comes to making the decision of hiring an outsourced accountant or spending valuable resources on a lengthy in-house hiring process, misconceptions about outsourcing can often leave a business spending an unnecessary amount of time and money.
Here’s a closer look at 5 common misconceptions about accounting outsourcing and how companies like OSMEAC Solutions can help clear the air of any confusion.
1. Outsourcing is Only Beneficial for Large Companies
So many smaller to midsized companies believe that accounting outsourcing is only something that large companies juggling massive amounts of financial data need.
However, the facts remain; small and medium-sized companies often find their management wearing multiple hats at once. An unfortunate truth about this practice is that finances can quickly go south after just a few financial mishaps from a distracted manager.
An outsourced team of accountants provides financial resources that allow managers and employees to focus on the tasks they were trained to do while reaping the benefits of working with accounting professionals that will keep their books in order.
2. Accounting Services Are Expensive
It’s easy to think that with years of financial experience behind their names, an outsourced accounting team like OSMEAC Solutions may be an expensive venture. Here’s where we bust this myth: It isn’t!
Outsourcing is done on a by-contract basis, meaning, companies only use our services when they need us. We aren’t on the payroll, so a company pays us to do our jobs and not earn money doing nothing when the books are completely straight.
Save yourself the time and money of the interviewing process and hire a contract accountant over an in-house team when your need arises.
3. Outsourcing Could Put My Company’s Valuable Data at Risk
One of the many reasons that people stay away from outsourced accounting is the fear of sharing essential, private data and putting their company’s safety at risk.
Outsourced services through OSMEAC Solutions take the fear out of the equation and guarantee the confidentiality of every client’s data we work with. We offer airtight contracts that keep our clients in control of their information and ensure that their confidentiality is always protected.
4. Outsourced Accounting Doesn’t Create Long-Term Partnerships
Although outsourced accountants perform work on an as-needed basis, this doesn’t mean that we disappear off of the face of the earth when our job is done.
At OSMEAC Solutions, our wide range of financial services means that we are prepared to be your fiscal partner for the long haul! From CPA services to bookkeeping and potential CFO stand-ins, we are definitely a team that companies can build a relationship with that benefits them for years to come.
5. “They Won’t Get the Job Done Right”
This misconception is one of the biggest reasons why so many people miss out on the opportunity to work with some of the greatest minds in the industry. The truth is that our accountants are always on the edge of what’s new in the financial world. We work with the latest technology and bring years of financial expertise that could cost a company a fortune if they were hiring for a permanent position.
We understand that your business is your baby, but so is ours. Our determination to offer the best accounting services to our clients not only ensures we get the job done right but that we get it done better than a client could have perceived.
Place Your Accounting in Better Hands With OSMEAC Solutions
If you’re ready to push your company’s finances to the next level, the team at OSMEAC Solutions can help! Our expert accountants, bookkeepers, and contract CFOs all have the experience any sized company needs to help get their fiscal goals under control without the hassle of managing a full-time in-house team.
Did you know that OSMEAC Solutions has been selected among the Top Accounting Firms in Texas by Designrush!
Contact us today to learn more about our accounting outsourcing services and how our expertise can directly bring success to your business!
