What Is Outsourced Accounting?

Devine Dictionary

We say outsourcing a lot here at Devine Consulting, but what is outsourcing really mean?

Let's explore what outsourced accounting means to us at Devine.

Outsourced accounting means hiring an experienced accounting team to provide services for your business versus hiring an accountant in-house.

Instead of hiring one accountant or bookkeeper, you can hire another business (like Devine Consulting) to complete that work for you.

One of the biggest benefits of outsourcing is the fact that you can afford to have a team behind you rather than one individual. Much of the time, outsourcing is much more cost-effective, and you get a higher level of experience at less cost.

Outsourcing doesn’t necessarily mean that you are going to another country for the service, either. You can outsource to another local business and support your community.

A lot of times, we hear the fear that if they outsource, who will they go to with questions? With no one down the hall, how will they get all of their questions answered? The nice thing when you outsource is all you have to do is pick up the phone and call.

Want to meet with someone in person? No problem! You can easily schedule a meeting (virtual right now, of course).

When you see the word outsourcing, it can be confusing as there are so many different definitions of the word. But to us, outsourcing is getting a team of accountants behind your business. Someone who you can pick up the phone and call anytime to get questions answered and work with people who want your business to succeed. That is what outsourcing really means!

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Jennifer Devine

I'm an experienced finance professional with more than 20 years of experience. I've held several Controller positions throughout my career, most notably with an internationally respected commercial real estate investment, management, and brokerage firm. In this role, I was responsible for all aspects of accounting across the company's many operational divisions - including internet services, real estate development, property management, and brokerage services. As our company operated in multiple countries and currencies, it was essential to me that all financial reports were accurate and compliant.