Attracting and retaining experienced talent is always a worthwhile investment, however, even a high performing team can struggle to untangle themselves from time consuming administration tasks.
To create more capacity in this situation you really only have two choices. Either add more headcount to take care of the mounting administrative tasks or extend your team with outsourced accountants to do the admin for you.
Adding headcount is often time consuming and will have a significant impact on your overall budget. The alternative, namely outsourced accounting, allows you to create more capacity for your existing team without the need to recruit or take on additional employee overheads.
By delegating admin tasks to a qualified outsourced team, you can easily create more capacity for your in-house team members, enabling them to focus on proactive client services and business growth.
Perhaps the biggest benefit outsourcing provides for accountants is the ability to quickly respond to changing client or legislative requirements, while maintaining high quality client service. This is achieved through:
- Improved practice efficiency
When your outsourcing team is taking care of the day-to-day work for you, you’re able to shift more of your focus to your business operations. You have the capacity to be proactive rather than reactive, you can focus on strategies to win more clients and you have the time to identify any potential bottlenecks within your business.
- Ability to scale quickly as needed
Outsourced accounting allows you to scale quickly in response to increasing client demand. Unlike the recruitment of in-house resources, scaling your offshore team means you don’t need to invest in the infrastructure and onboarding of new staff – instead your outsourced provider will take care of it for you.
- Source qualified staff on demand
When an employee leaves your practice, you lose valuable skills and experience that can be hard to replace. Recruitment takes time and effort, and the training and onboarding of a new staff member can take months.
The advantage of outsourced accounting services is your service provider can find qualified offshore staff for you. They’ll also train new staff and provide ongoing management to help protect the continuity of your business.
Super Records has been successfully supporting Australian accounting firms for over 10 years. Our real time workflow and communication portals, quality control measures and highly trained staff means our clients can rely on us for timely and quality output.