Accountancy Outsourcing Services in London: 4 Important Security Questions to Ask

/in /by

Being an accounting practice in London, you want your clients’ accounts to be managed professionally and accurately. For that, you need to hire an in-house accountant or even a part-time bookkeeper to complete the work on time and to maintain the reputation of your firm. But always hiring a full-time accountant is not an economical solution, when you have the option of accountancy outsourcing services in the United Kingdom. Outsourced accounting services offered by companies like Affinity Outsourcing is an ideal solution for accounting practices in London.

As you are sending a great deal of sensitive financial details to a third party, here are some truly important security questions to ask and they are;

  1. Physical Security within the Office Premises: Before you think about the security of the electronic data, make sure the places where servers and other financial records are stored are properly secured. Also make sure you have every information about the type of access employees have to record area or databases – figure out whether the server room is secured, and if secured, then what types of security measures are in place. If you are partnering a remote staffing company, ask them what steps are in place to monitor the location and dissemination of data. Make sure virtual employees are logged into secured servers that don’t allow for transfers of information to local computers or local printing.
  1. Encryption Security on Their Website and Login Portals: The most common encryption method uses an SSL Certification for 128-bit or 256-bit encryption for sending files to the website. This type of encryption prevents the information from being recovered in plain text by any hackers sniffing packets, preventing them from decoding the details sent to the accounting firm. If your outsourced accounting company is sharing and receiving the client’s data via cloud storage or file room, then make sure to find out what security features are in place to protect access by third parties.
  1. What About the Older Data You’ve Completed Working Together: Once the allocated tasks are finished, try to find out what your outsourced accounting partner is doing with those older files and data. Is it storing it somewhere for a specific period of time? Are they destroying/deleting the data after giving you the copies of finished tasks? Or Are they still saving it? Make sure to know, in writing, what also happens to your files if you choose to end your relationship with your bookkeeping service.
  1. Security Measures in Case of Data Breach: Data breaches are quite common these days; therefore, find out exactly what policies the company has put in place to lower the level of damage, compensate the affected, and recover the breached data. What alert system is kept in place? When will you be updated about the data breach? So, to overcome all these questions, make sure the company you hire has a solid emergency action plan in place before an emergency occurs.

Partnering with an outsourced accounting services provider can be frightening if you are not aware of data security and technology related to it. Therefore, before you choose an outsourced accounting and bookkeeping firm, you get answers to all the questions listed above.

If you are an accounting practice in London, and considering using outsourced accounting services for your bookkeeping, then we can help you weigh your options and needs. We have plenty of flexible hiring modules with proper security standards in place. For a free consultation and quote, please contact us at https://affinityoutsourcing.net.

Affordable Outsourced Bookkeeping Services for Accountancy Practices in London

/in /by

The accountancy practices in London are facing fierce competition around them. Hence, in order to survive the fierce competition and to stay on top of it, accountancy practices do not only have to offer the best accounting services consistently at affordable prices, but they also have to be more elastic in their work schedules.

It is no wonder why many accounting practices across the UK get exhausted, considering that they are bogged down with petty tasks, such as bookkeeping, taxation, and payroll accounting, which are time-consuming and not exactly profitable.

 

Usually, accountancy practices in London have to take care of a lot of things for their clients, including:

  • Taking care of all the financial books of the customers and make sure that they are accurate
  • Taking care of all the payroll accounting tasks on behalf of the clients
  • To help clients stay in compliance
  • Taking care of the corporate and personal tax matters of the clients
  • Advising clients on financial and business growth matters

Looking at all these and some of the other tasks that accountancy practices need to take care of for their clients, how do you think they can sustain their own business? If you are an owner of an accounting firm in London, going through the same hectic schedule, then like others, you should positively consider the option of outsourced bookkeeping services for the betterment of your business. Outsourcing for accounting practices is the best option to set your accountancy firm free!

Undoubtedly, bookkeeping is a simple task for an experienced bookkeeper but it is time-consuming at the same time. It requires a high degree of attention and needs to be done accurately. Therefore, if you decide to consider outsourced bookkeeping services to offload the bookkeeping task of your clients, then you will be able to save a whole lot of time!

For accountancy practices in London, outsourced bookkeeping services allow them to utilize their time more efficiently to focus on their value-added/profitable services, such as audit, tax planning, and financial advisory services.

Here are some reasons why you should consider outsourced bookkeeping services, and they are;

  • You can hire experienced and skilled bookkeepers at truly affordable prices
  • You can immediate answers to all your questions and queries
  • You get highly professional bookkeeping services in the way you want
  • You can free yourself from the unnecessary overhead of additional staff, workstations, and extra workspace
  • You are free to increase and decrease the number of resources whenever the need arises
  • You can spend more time on activities to make your business grow.

Most of the accountancy practices in London are already using outsourced bookkeeping services, and are quite satisfied with the results they offer. Accountancy practices are benefiting a lot from doing so. If you haven’t engaged outsourced bookkeeping services for your accounting practice, then it is still not too late! For a free trial of outsourced bookkeeping services in the UK, get in touch with a reliable provider of outsourcing for accounting practices in London, like Affinity Outsourcing, and engage them for top-quality outsourced bookkeeping services.

Want to learn more about how we can set your accountancy free while to improve your margins at the same time? Contact us https://affinityoutsourcing.net.