Does Outsourcing accounting and bookkeeping can help ensure high data accuracy?

4 Answers

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  • John
    Lv 6
    1 month ago

    Using an outside accountant to prepare monthly financial statements, sales and payroll tax returns, and annual tax returns has long been a practice in small businesses.  Outsourcing daily bookkeeping work, however, will cause a lack of financial control.  If a business is not familiar with its payables, receivables, and cash flow things will soon go South.  

  • Jay
    Lv 6
    1 month ago

    Any business owner with a half a gram of sense or more would not 'outsource' their Financials.  That almost guarantees loss of security, loss of accuracy and loss of control.

  • 1 month ago

    Nope...it ensures that you personal and business financial records are flying around the internet where anyone can grab them and manipulate your figures.

    For the best business security and accuracy it is ALWAYS best to have an in-house accountant that you know and trust.

  • Scott
    Lv 7
    1 month ago

    No outsourcing internal business functions doesn't guarantee anything.

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