GNcareers, from Gulf News

Outsourcing your accounting needs

Outsourcing Accounting ServicesImage Credit: Supplied

Whether you are a budding SME trying to secure a position in the market or an established business, professional accounting services are critical for your venture.

Accounting professionals help maintain complete orderly records, prevent data corruption and conduct analyses of business processing. They assist the business in financial planning, controlling, decision making and risk management.

You may not need a full-time accountant, but you definitely need a reliable part-time accountant to ensure your books are in order. While the Big 4 accounting firms may be the obvious choice, their high fees often prove to be a deterrent.

Outsourcing your accounting needs will save you time and effort in many ways. There are several medium and small-size accounting firms offering a range of services such as tax management, invoicing, auditing, bookkeeping and business set-up.

When choosing an accounts firm, you should ensure that the firm has significant experience in the region with qualified professionals on board; it has the highest level of client data privacy and security; it has access to a complete account software support such as Tally, QuickBooks and Oracle; it must be responsive and professional.

If you managed to tick the above, you have the suitable solution to your financial and auditing needs.

Handy Hints
• Accounting firms offer a wide array of services
• Ensure provider has high level of professionalism
• Number of repeat clients tells a firm’s reputation

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Source: Dipshikha Mitra, Special to Classifieds
The writer is a freelancer