Why Outsource Your Accounting & Bookkeeping? 7 Reasons to Consider


Why should I outsource my business’s accounting and/or bookkeeping?

Well, a fundamental concern we often hear from our clients is the struggle to keep up with routine accounting processes. This shouldn’t come as a surprise given that over 95% of businesses in Canada have less than 50 employees.

This often means the business owner, or a generalist employee, is responsible for maintaining financial records, which can put a strain on internal resources and can lead to substandard recordkeeping.

Poorly kept financial records can have drastic effects on an organization’s health and longevity; leaving it susceptible to fraud, an increased tax burden or even bankruptcy.

Why Outsourcing is the Solution to Your Accounting Problem

There is, however, an effective solution: Let the experts deal with it. Whether you need a little help – or a lot – our Outsourced Accounting Services can help.

Rather than focussing on the what, we’ve put together 7 reasons why you should consider outsourcing your accounting and bookkeeping functions.

1. Save time and money

Let the experts take care of your day-to-day accounting tasks, month end reporting and ensure your financial records are accurate and up to date. We work for you 365 days a year, meaning no vacation or sick day coverage necessary.

2. Maximize your internal resources

Reduce your team’s administrative burden and free up resources to be reallocated to other areas of your business.

3. Streamline your accounting processes

Bring your accounting function into the 21st Century with industry-leading cloud-based solutions like QuickBooks Online (QBO). Approve payments and invoices instantly — and remotely. No more cheque-signing days in the office during summer vacation!

4. Better, more accurate reporting

Adopting cloud-based solutions gives you access real-time reporting from anywhere. Provide detailed, accurate financial reports to your executive team or board of directors instantly and seamlessly.

5. CPA oversight & expert advice

Get oversight from a team of CPAs with a singular focus: helping your business thrive. We help you navigate complex accounting issues with expert advice.

6. Access to Virtus Group’s team of experts

Think of our team as an extension of yours. Whether you’re in Regina, Saskatoon, or elsewhere, we leverage our firm’s experts in accounting, audit & assurance, tax, advisory, business valuations and more to help you make better, more informed business decisions.

7. Tackle special projects with ease

Add some horsepower to your accounting and finance department. Our team can provide support to help you tackle projects you may not be able to do on your own. Projects like:

  • Accounting system conversion (Quickbooks Online)
  • Integrate & implement new technology
  • One-time bookkeeping projects
  • Financing assistance
  • Strategic planning
  • Short term Controller placement

Ready to take the next step? Let’s chat!

Brady Manz
General Manager
Outsourced Accounting Services

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