Continuity as a benefit of outsourcing
The financial history of any organization is partially recorded in the accounting system through transactions and adjustments. But there are undocumented bits and pieces of information that are accumulated through years which are very impractical to document. There is also an in-depth understanding of where you have been, where you are and where you are going. Key personnel who have been employed by the organization for years have acquired this understanding and this is the key for an efficient operation.
It is a fact that finding qualified accounting staff is very difficult. Retaining qualified accounting staff is even more difficult. Accounting staff in major metropolitan areas command high salaries and are continuously looking to diversify their skills and upgrade their position. Surely you have experienced the devastating effects of finding a qualified accountant and training them only to see them leave for a better opportunity. The disruption that comes from finding a new person and training them will send ripple effects through an organization of any size and will be felt for several months to a year.
Outsourcing all or part of the accounting function provides the desired continuity. Our Outsourced Accounting Team (OAT) will remain a constant through any changes or restructuring your organization may experience.
The end-result is transparent financial statements that will provide management or the Board with a “big-picture” perspective to guide decisions. The size of the organization is irrelevant. You need answers to your questions and you need consistency in the responses.
Call us today to find out how we can assist your current financial department in achieving consistency.