What is Outsourced Accounting Services for?
The proliferation of technology and the surge in remote work has democratised the practice of outsourcing accounting. This has enabled smaller enterprises and organisations to access this service, and not just the larger corporations.
Businesses That is Struggling in Recruitment
If you’re running a business and struggling to find the right fit for a full-time employee within your budget, you’re not alone. It can be a challenging process to identify a candidate who possesses the necessary skills and experience while also being a good cultural fit for your organization. Moreover, losing your accountant can be a significant blow to your company and requires finding a replacement quickly. This can be a daunting task, as you must hire and train someone new, hoping they can fill the same shoes. Alternatively, outsourcing to a team of accountants may be a viable option that can alleviate some of the stresses associated with hiring and maintaining an in-house accounting team.
Micro business owners
In order for small businesses to thrive, it’s crucial to have access to financial expertise beyond that of an office manager, bookkeeper, or administrative staff member. However, not every small business owner can afford to hire a permanent CPA and CFO. Fortunately, there is a middle ground solution that can provide the necessary financial guidance without breaking the bank. By seeking out the services of a consultant or freelancer, businesses can tap into the expertise of professionals who can offer their skills on a part-time or project basis. This approach can help business owners make informed decisions that will benefit their bottom line, while also allowing them to stay focused on their core competencies. Whether it’s managing cash flow, budgeting for growth, or navigating tax laws and regulations, a financial consultant or freelancer can provide the necessary support and guidance to help small businesses achieve their goals
Businesses that Needs Temporary Assistance
If you’re a small business, owner or organization in need of temporary assistance, there are a variety of situations where you might require short-term support. Perhaps you need to replace a part-time employee who is currently away, or maybe you need an accounting audit to ensure your finances are in order. Additionally, end-of-year reporting is another common reason why businesses may require temporary assistance. Whatever your unique needs may be, there are options available to provide the support you require
Charities and Non-Profits
Not-for-profit organizations often encounter difficulties when it comes to recruiting competent finance professionals. However, Breakthrough offers a comprehensive range of services specifically designed to assist such entities in managing their finances effectively. Our team has a wealth of experience in handling various tasks, including managing donations and tax-deductible receipts, acquiring and recording programs, doing quarterly reports, securing grant funding, and fulfilling annual reporting obligations to different regulatory bodies. We understand the unique challenges faced by charities and not-for-profits and are committed to providing tailored solutions that meet their specific needs.