FAQs about Accounting Outsourcing Services
Tax and accounting outsourcing has become increasingly popular in recent years, as more and more companies are looking to streamline their business operations.
Here are some common questions and concerns that arise. We will address the most frequently asked questions about tax and accounting outsourcing services.
How secure is my financial data?
Data security is a critical concern for businesses, especially those that handle sensitive financial information. Safebooks Global have robust security measures in place, such as encrypted servers, firewalls, and secure communication protocols. We also have strict policies in place for data access, including segregation of duties, limited access based on specific roles, and password protection.
How available will my outsourced provider be?
One of the advantages of outsourcing accounting with Safebooks Global is that it can provide access to specialized services that may not be available in-house. We ensure that our skilled professionals will be available when you need them. We offer 24/7 support and have multiple ways to reach us out, such as phone, email, or live chat.
What type of technology will the outsourcing accounting firm use?
Safebooks Global uses cutting-edge technology such as cloud-based accounting software. These Software tools like QuickBooks, xero, Sage, FreshBooks and more provide you accurate and timely results. Our accounting professionals have a deep understanding of the specific technology solutions required for your industry and business requirements.
What engagement models are available in outsourcing company?
Our most common models include project-based work, hourly-based work, and full-time employee outsourcing. Each model has its advantages, depending on the scope of work and the business requirements. Safebooks Global works with you to determine the most effective engagement model for your CPA firm.
What accounting tasks can be outsourced?
Various accounting tasks can be outsourced to your accounting outsourcing partner, ranging from routine bookkeeping services to complex financial statements to tax services. Safebooks Global has the accounting department to handle specific tasks as per your requirements. We take a consultative approach to understand client work and recommend the right mix of accounting tasks to be outsourced.
How will you resolve time differences?
When outsourcing your accounting tasks, one of the biggest concerns is the difference in time zones. This can impact the turnaround time for completing your financial reports and can cause delays in making informed decisions. However, with our right business strategy, the time difference can be managed efficiently.
- Adjusted Working Hours
- Overlapping Working Hours
- Dedicated Point of Contact
- Flexible Working Arrangements
- Utilizing Technology
- Clear Communication and Expectations for Deadlines
How will you do the IT setup for data transfer and software’s?
Safebooks Global set up secure channels of communication for data transfer. This may include setting up a virtual private network (VPN) or using secure file transfer protocols (SFTP), among others. Our outsourced team ensure that all data and information transferred is encrypted to ensure that sensitive financial information is not compromised. This may include providing a cloud-based accounting system or setting up remote access to the client’s internal accounting software.
Read More: Challenges CPA Firms Face and Solutions with Accounting Outsourcing Services
What are the data security measures?
To safeguard against unauthorized access to data during transfer, we set up secure communication channels and use encryption protocols. This means that all data and information transferred is scrambled and can only be accessed by the intended recipient. This includes segregation of duties, where only authorized personnel can access certain data. Password protection is also put in place, and regular password changes are enforced.
What is the availability & turnaround time?
When it comes to availability and turnaround time, outsourcing accounting services can save you both time and money. Safebooks Global is responsible for handling all of your bookkeeping and accounting tasks. Our outsourced accounting team is focused solely on your accounting needs, which means they can complete tasks more efficiently and with greater accuracy.
Outsourcing tax and accounting functions has many advantages, including cost savings, skilled accountants and financial experts, and access to the latest accounting technologies. However, CPA firms must address critical concerns such as data security, availability, engagement models, technology, and accounting tasks.
We have a deep understanding of these concerns and provide efficient and effective solutions to simplify your tax and accounting operations.
Contact us today, and we’ll help you keep your accounting operations on the right track.