Benefits of Outsourcing Business Accounting For Business Success

There are many components that must be considered to set up a business. In order to run properly, a reliable and measurable payroll system and basic accounting principles are needed.

This may be easy if you have employees to take care of it. accounting firm hong kong

 That way, you will become familiar with the laws that apply to accounting, taxation, and employment. However, it is different if you want to expand your business.

Of course you will hire more employees, and work related to accounting and payroll will become more complicated.

If you do not want to bother with these problems, outsourcing is the most appropriate choice for you to take.

What are the benefits of outsourcing business accounting that you need to know for the sustainability of your business? Check out the full description below.

The Important Role of Business Accounting Outsourcing

Outsourcing services have an important role in improving the performance of a business or company.

By using outsourcing business accounting services, companies can reduce operational costs and focus more on advancing their main business or core business.

When you decide to use outsourcing services, then you need to know the advantages and disadvantages of using outsourcing services.

Based on the Manpower Law Number 13 of 2003 Article 64, a company can hand over a part of the execution of the work to another company through a written contract of work or the provision of employee services.

By referring to the article, outsourcing is divided into 2 types, namely:

1. Job chartering, is the transfer of a job to outsourcing services and is fully responsible for the transferred work. This includes technical matters such as operational arrangements, as well as non-technical matters such as personnel administration. Diverted work is work whose volume can be measured.

2. Provision of worker services, is the transfer of a position to outsourcing services and placing employees to fill the position. Outsourced services are only responsible for the management of the employee, along with other non-technical matters. Meanwhile, technical matters will be the responsibility of the company as the user of the outsourcing service employee.