So you are finally giving serious thought to the outsourcing of accounting work. It is a good move, believe it! No matter the size of your accountancy practice, outsourcing of accounting services, partially or wholly, will be profitable.
You need to, however, slow down before selecting any random accountancy outsourcing services provider. While it is true that the benefits of outsourcing of accounting work of your practice are significant, in order to actually realise those benefits, it is essential that you collaborate only with a decent accountancy outsourcing services provider. Partnering with inapt or inexperienced providers of accountancy outsourcing services often does not yield the true benefits of outsourcing. In order to not disappoint with your first outsourcing experience, it is absolutely crucial that you collaborate with a decent partner.
Now, how would you identify a good partner on whom you can truly rely on for outsourcing of accounting work or services of your practice? It is simple – just ask the right questions, which will help understand whether or not the potential partner is decent! Below are some of the sensible questions that you can ask any accountancy outsourcing provider before signing them.
What’s your experience?
You need to find out whether the potential partner is experienced enough to take on your accounting jobs easily and efficiently. Can they deal with taxation jobs? If your clients are financial services firms or clubs whose accounting needs are different, will your partner be able to handle these jobs when you outsource? Experience always matters, no matter the field of work!
What about my clients’ data security?
Whenever outsourcing any work of your clients to a third-party, it is essential that you make sure the data of your clients remain secure. Discover what sorts of security protocols are set up by the potential partner to protect your clients’ data.
What about confidentiality?
It is highly unlikely that your partner would steal away your clients, but who knows, it could happen. Therefore, it is recommended to always sign an agreement, which offers the confidentiality protection among other things.
Can you handle bookkeeping?
Bookkeeping is a trivial task, but an important one. It is also a time-consuming task for accountants and accountancy firms. Outsourcing the bookkeeping work of your clients will, in fact, free you so that you can focus on other important tasks of your practice, like bringing more clients or offering lucrative value-added services. Learn whether your potential partner is able to offer quality outsourced bookkeeping services.
Can you work with my preferred software?
You want to continue offering your clients the same quality work in the same format using the same software that your practice has been providing them thus far. For that reason, find out whether your potential partner is capable of using your preferred accounting software to deliver quality work in your desired format.
What about the communication?
When outsourcing the accounting work or services of your practice to someone, you may want to keep in touch with them constantly in order to know the current status. See how efficient and effective the potential partner will be when it comes to communicating with you.
Can you handle urgent jobs?
Your practice may come across urgent, large-quantum jobs at any time. Discover whether your potential partner has the additional capacity to help you out in such instances.
How much will outsourcing of accounting work cost me?
Different providers of accountancy outsourcing services have different pricing mechanisms set in place. While most providers of accountancy outsourcing services in the UK charge on an hourly or monthly basis, there are some who have a totally unique pricing system. Take us, for instance. At Affinity Outsourcing, we charge each job at a set percentage of the fee you collect from your client. While this pricing system may seem a bit odd, it guarantees that our clients make the most out of outsourcing! Discover more about how our pricing works here.
Outsourcing of accounting work or services of your practice is definitely a great move. However, be sure to collaborate with the right partner from the onset in order to have a great outsourcing experience. Asking the above questions to the potential provider of accountancy outsourcing services will certainly help you collaborate with the right partner.
When it comes to outsourcing of accounting work, UK accountants and accountancy firms count on us. At Affinity, we have massive experience and a great team to make your outsourcing experience smooth, hassle-free, and lucrative. We are already helping many accountants and accountancy practices improve their margins and reduce their stress – we can help you too!
Get in touch with us today to discover how you can benefit from outsourcing of accounting work at Affinity. To contact us, visit https://affinityoutsourcing.net/contact/.