It’s becoming ever harder in today’s world to ensure that your business has the right people for the job at all times. Even if you don’t always like to admit it, inadequate accountants can cause a huge strain on you and your business – lumbering you with unwanted hassle and responsibility in the process (not to mention costs!). That’s why we believe that outsourcing accounts could be the perfect solution for your business.
The extra time gained from putting your accounts into the hands of reliable, experienced staff would allow you to focus on growing your business without having to worry about employment costs or inexperienced staff. Plus, getting an external perspective on your finances may be exactly what you didn’t know you needed.
How does outsourcing accounts work?
To put it simply, our team analyse the different locations / jobs / products / services in your business and show you how each performs. We can then support you to get the mix and balance right. Of course, our team take care of compliance matters too. However we understand that the tough job is making sure you have sufficient cash to run your business, and that profits are growing over the longer term.
The good news is that you no longer have to employ a team in-house.
You may well choose to employ someone to provide this information and support, however that too is a risky strategy. Chances are, they’ll only be able to do part of the finance role, or if they can cover it all, they’re overqualified for the more straightforward tasks.
Outsourcing your finance function makes sense on so many levels.
- No need to provide desks, IT, training or holidays.
- Your outsourced team have both a broad and deep skill-set.
- No need to ‘project manage’ your finance function.
- Receive better quality information, and enjoy a fresh perspective from people with wide business experience.
- Time to focus on what you do best, rather than training your accountant.
You’re likely to already have an outside accountant who prepares year end accounts and tax returns. They may also provide specialist tax advice. If you’re happy with the service you receive, we can work with them.
But what does it feel like to outsource your finance function?
Some business owners worry about losing control, but this couldn’t be further from the truth. Here’s what Clay from Nautibuoy Marine has to say:
“The ‘big picture’ is much clearer now. And because I’m feeling much more confident about Xero, I’m able to focus on growing and developing our business.”
How does outsourcing influence your decision-making? According to Debbie from Assentech:
“[WCS] don’t shy away from difficult issues. They provide straightforward options for us to consider. It makes such a difference when your accountant talks your language. Their business experience shows!”
And what’s the overall impact likely to be? Charli from Safe Working Lifts tells us:
“With [WCS’s] help support and advice, we have made a huge change in how we run our business, resulting in increased turnover and profits, as well as better cash flow.”
Worth a chat about outsourcing? Why not book a Business & Xero Review to see how we can help.