Malaysia Hotline: +603- 2141 8908
Outsourcing your accounting
function like most of your other business functions e.g. human resource
function and IT function is proven to be beneficial in various ways. If you
haven’t ever considered outsourcing your accounting and bookkeeping tasks,
these 5 benefits may change the way you think about it.
Time to Concentrate on Growth
Outsourcing your
accounting function can give you more time to concentrate on your core
competencies e.g. business development and product development. Spending more
time on such core competencies and engaging the professionals to do the job for
your business accounting will offer you great results. The results would
outweigh the cost of outsourcing the accounting function.
Keep a Good Cash Flow
A business can die or
live by its cash. If there’s significant growth, it is common that things like
accounting will move to the bottom of your list. You will fall behind your
bookkeeping and you will not have time reviewing reports. You won’t even have
time to manage collections. Under such circumstances, even if your business is
booming, you don’t have cash in the bank and getting out of the hole like this
may take a lot of time, which could ruin your business in the long run
Stay in Control
Outsourcing your
accounting function will also give you the opportunity to control everything.
Others think that they will lose control of their money, but what they don’t
know is that they will still control every little thing in their accounting
function. With an outsourcing provider, you will still approve all the payments
made. You will also determine the communication chain with clients. You will
also help the development of every process involved. In fact, having an
outsourcing provider will actually give you more control. You will get
consistent reporting and handle your cash flow. Even if you are too busy or
tired about your daily business task, your accounting will be done in no time,
providing you more control on your finances.
Worry No More about Your Payments
Through outsourcing
your accounting function, you do not have to worry about your bills or
invoices. If you are still managing your business accounting function or you
have hired someone to do the task and he or she has some other operational
responsibilities, there is a huge possibility that your accounting will take
the backseat. If your invoicing get delayed, your cash flow will suffer and
your other payments will also get delayed. If the bills were not paid on time,
you will receive collection calls, lose vendor discounts, and you will spend
more time to deal with collectors, unhappy vendors, and shut-off notices.
Having a team that will concentrate on your accounting function, your payments
and invoices will never be delayed and will be paid on time.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my