How Does Outsourced Accounting Work?

You may have heard the term, done a little research even, and you may know other entrepreneurs who are staunch supporters, but is it right for you? Before investing in an outsourced accounting service, you must understand the principles of how it works.

Outsourced accounting services are fast becoming the preferred choice for high growth companies and ensure an operationally well-run business from start-up; a financially agile company will be better able to weather the stormy seas of growth that lie ahead.

One of the critical things to understand is that different companies require different levels of support. Our team of professionals here at Isosceles Finance have experience of all technology sectors from LifeScience through FinTech to AI, Big Data, SaaS and beyond.

Here are the steps we take our future clients through to help us propose the right level of service for them and to help them decide on whether our outsourced accounting service is right for them:

  • Consulting with our professionals: Every business is different. We take the time to get to know what the business plan looks like over the next one, two and three years and how we can help support the execution of that plan.
  • A problem shared is a problem halved: There is a problem usually that brings our future clients to us. The next step is for us to understand yours.
  • Tailoring our Service: Once we understand your need, our team can work with you to tailor our outsourced accounting service to your particular requirements.
  • Its all in the Service Level Agreement: Next, we establish your priorities, how we will deliver the service and determine the measurement criteria against which we will provide our service.
  • High value, low-cost service: With the elimination of hiring costs, HR issues and knowledge gaps, outsourced accounting takes the expense out of running an internal finance function while increasing its value to the business.

To discover more about how the Isosceles outsourced accounting service could work for your business, get in contact with us today.