What are the advantages and disadvantages of outsourcing bookkeeping?

Answer 1

Advantages and Disadvantages Of bookkeeper:

1. Outsourcing your business's bookkeeping operations frees up valuable time that can be put into bettering the company.
2. The bottom line is that by outsourcing your bookkeeping operations, you save money on paying full-time or part-time wages and benefits to an employee.
3. Outsourcing gives you a great way to have full-time knowledge on your team without having to pay for it around the clock.

Disadvantages of Bookkeeping:

1. It follows, then that, if you don't already have the accounting know-how, you'll either have to learn or hire/outsource someone to do it for you.
2. If you don't know what you are doing, things can get a bit messy when trying to correct errors with journals.

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