The market is currently flooded with a wide variety of services and technologies. The business organizations that want to succeed know how to use them well. Especially the companies that lack accounting and bookkeeping skills need to outsource the services to record the finances.

You can search for QuickBooks bookkeepers near me to look for bookkeeping services that can be outsourced. However, several myths have been spread regarding these services to kill competition. If you come across the following myths, do not believe them.

Only Large Companies Benefit From Outsourcing

It is often believed that only large scale companies with various departments and huge investments can take advantage of outsourced bookkeeping services. However, small and mid-sized companies also get the following benefits:

  • Increased productivity of employees
  • Better time management
  • Accurate accounting
  • Tax benefits and advice

Information Shall Not Be Safe Anymore

Many companies have raised security concerns before choosing the option of outsourcing bookkeeping services. This is due to the myth that outsourcing any service could result in the leaking of important company information and data. The confidentiality and privacy of the company are not affected by outsourcing services as they follow stringent security guidelines and protocols.

Outsourcing and Offshoring Are the Same

People often use both the terms interchangeably, due to misinformation regarding accounting services and the differences between the two.

  • Outsourcing means the process of making an agreement between the company and third-party to avail certain specific services for their business operations.
  • Offshoring means hiring a foreign professional team altogether for accounting services (said to be offshore) to meet the requirements of the company.

Outsourcing Accounting Services Are Not Reliable

It is natural for companies to have trust concerns while outsourcing bookkeeping services because it holds important data and financial information. However, this is a myth. Many outsourcing firms have established long-term relations with their client companies. Hence, you can trust the companies to provide quality services.

High-end Technology Is a Requirement

Sometimes, companies find themselves in trouble with outsourcing accounting services because they feel that such services require a high level of in-house IT infrastructure. However, most outsourced account services can be delivered cleanly, quickly, and efficiently with minimal communication tools.

Outsourced Services for Accounting Are Not Affordable

Most myths are created due to a few bad experiences of client companies. Accounting services can be utilized at reasonable rates with high quality by any type of business regardless of size. Their prices are often highly affordable when compared to the services they provide.

It Compromises the Time Management of the Organization

Every business operation consumes time. It is wrong to believe that accounting services when outsourced, result in a waste of time. When the bookkeeping services are outsourced from third parties, it helps to operate effectively by enabling the business’s employees to spend more time working on core capabilities of the business.

At Virtual Jeannie Bookkeeping Services Inc., we pride ourselves on delivering a quality service to businesses who need it the most. Authentic information and quality bookkeeping services are what you can expect when your business partners with our experts located in Santa Rosa. Contact us at (707) 664-1425 today to get help.