Outsourcing

Outsourcing in the context of accounting, means the outsourcing of certain functions or tasks, traditionally performed in-house, to specialised external entities. In accounting, this solution is applied to services such as bookkeeping, preparation of financial statements or execution of tax settlements, among others. Accounting outsourcing allows companies to concentrate on their core business. This gives them the opportunity to benefit from the experience and expertise of accounting experts. Many organisations choose to outsource for reasons of cost, efficiency and access to experts specialising in the field.