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3 Myths and 1 Truth About Outsourcing Accounting

Companies of all sizes, from tiny startups to behemoths like Walmart, have discussed the advantages they've enjoyed after outsourcing their accounting and finance functions. But even as the practice of outsourcing has grown somewhat commonplace, there are still a lot of myths floating around regarding what outsourcing means and how it can impact your business.<br><br>

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3 Myths and 1 Truth About Outsourcing Accounting

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  1. 3 MYTHS AND 1 TRUTH ABOUT OUTSOURCING ACCOUNTING

  2. To get a handle on some of the most common myths about outsourcing your accounting, check out the list below. In addition, we’ve included one big truth that you can take into account as you navigate the outsourcing world.

  3. MYTH 1: PEOPLE WILL LOSE JOBS IF YOU OUTSOURCE The word “outsourcing” tends to strike fear into the hearts of many staff members, because they often think it means their jobs are being eliminate

  4. MYTH 2: OUTSOURCING IS EXPENSIVE When some people picture outsourced accounting firms, visions of expensive consultants jetting across the country often come to mind, but the reality is that you are likely to save a significant amount of money if you outsource.

  5. The thought of handing over your financial information to another company can be daunting. However, outsourced finance and accounting services can put measures into place to handle the serious data security threats that exist MYTH 3: IT’S RISKY FROM A CYBERSECURITY STANDPOINT

  6. Outsourcing your accounting function can deliver new benefits and strengths to your company, while ensuring that you have time to complete the revenue-generating responsibilities necessary to keep your company growing. TRUTH: YOU’LL GAIN COMPLIANT PRACTICES

  7. visit escalon.servicesfor more information.

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