The Benefits of Outsourced Accounting: Why Your Business Should Consider It
Destress, Save Time, and Get on With Doing What You Love
Introduction
You started your business because you love what you do. Maybe it’s crafting the perfect cup of coffee, designing beautiful spaces, or coaching clients toward success. But you probably didn’t start your business because you love reconciling bank accounts or tracking expenses.
The truth? Accounting is essential—but also time-consuming, tedious, and (let’s be honest) a little soul-sucking if it’s not your thing. Hiring an in-house accountant seems like a logical fix, but that comes with its own set of challenges: recruiting, training, payroll costs, and the occasional “I just put in my two weeks” bombshell.
That’s why so many business owners are making the switch to outsourced accounting. It’s not just about offloading the work—it’s about gaining expertise, continuity, and peace of mind while freeing yourself to focus on what actually lights you up.
Here are seven reasons why outsourcing your accounting might just be the smartest move you make this year.
1. Expertise Without the Learning Curve
Hiring an in-house accountant sounds great—until you realize you need to find them, vet them, train them, and hope they know what they’re doing. Accounting isn’t just number crunching. It’s understanding compliance, financial strategy, tax implications, and cash flow management.
With an outsourced team, you get immediate access to experts across multiple disciplines. Payroll? Check. Tax-ready books? Done. Financial strategy? Absolutely. No training required.
STORYTIME — The Hiring Headache
John, a business owner, spent weeks finding the “perfect” in-house accountant. He trained them, got them up to speed, and—six months later—poof. They quit. Now, he’s back to square one, drowning in paperwork. If John had outsourced his accounting, he’d have a whole team handling his books, with built-in backup, and never lose a step.
2. Always Covered, No Disruptions
People take vacations. They get sick. They move on. That’s life and business.
If your in-house accountant suddenly leaves, you’re stuck scrambling, hoping someone on your team knows how to process payroll before Friday. With a strong outsourced firm, there is always coverage. If one team member is out, another steps in. Seamlessly. No interruptions.
Relief Factor: No more “What do you mean the payroll person is gone?!” moments. Your bills get paid, and your financial life stays steady.
3. Cross-Industry Perspectives (a.k.a. Business Cheat Codes)
Ever wish you could peek inside other businesses to see what’s working? We do that every day (and we enjoy it!).
STORYTIME – The Merch Makeover
Emma, a solopreneur running an online fitness coaching business, wanted to grow revenue—but her income was tied to how many clients she could coach in a day. After reviewing her financials, we saw an opportunity. Some of our e-commerce clients had boosted profits by adding branded merchandise.
We suggested she test it out with a small line of fitness gear. A few months later? She was having fun, her customers loved it, and she had a new revenue stream. Now, we’ve shared this idea with other business owners looking for creative growth strategies.
Outsourced accounting firms work with businesses across different industries, which means we see trends before they hit mainstream. We know what financial strategies help companies grow, pivot, and scale successfully—and we bring those insights straight to you.
4. Cost-Effective Without Sacrificing Quality
Let’s break it down:
● Hiring an in-house accountant? That’s salary, benefits, payroll taxes, training, and software costs.
● Outsourcing? You get an entire team of experts for a fraction of the cost—without the overhead.
And the best part? You don’t have to worry about turnover, training, or whether your numbers expert is actually up to speed on accounting protocols. We handle all that.
Win-win! More money in your pocket. More expertise in your corner.
5. Timely and Useful Information
We’re all about efficiency. Outsourced firms use automation, dashboards, and real-time reporting so you can see exactly where your money is—without digging through spreadsheets.
Using QuickBooks, we integrate and streamline your financials so you get instant clarity instead of a headache.
STORYTIME –The Embezzlement Nightmare
Sarah, a restaurant owner, trusted her longtime bookkeeper. Turns out, that was a mistake. Over three years, thousands of dollars disappeared—undetected—because she didn’t have the right financial oversight. A firm like Verity builds checks, balances, and security measures so this never happens to you.
6. CFO-Level Understanding Without the Price Tag
A full-time CFO is a game-changer—but also a six-figure expense most small businesses can’t justify. Outsourced firms offer fractional CFO services, meaning you get high-level financial strategy when you need it, without the hefty salary commitment.
Budgeting, forecasting, growth planning? We’ve got you covered.
7. Compliance & Risk Protection
Tax laws change. Payroll regulations shift. Governments create new regulations (did you catch that FINCEN reporting debacle?) One missed deadline can mean big fines.
An outsourced accounting firm ensures everything is accurate, compliant, and filed on time. No guessing. No scrambling. Just done.
No more “Uh oh, did we file that?” moments. Just smooth, stress-free compliance.
Why This Matters
Outsourcing your accounting isn’t just about getting things off your plate—it’s about gaining expertise, financial security, and time back to do what you love.
At Verity, we take care of it all—so you don’t have to. We explain and educate in areas of our expertise. We work with your team to partner in your success and get you from where you are to where you want to go.
Would you like to learn more about working with us? Schedule a free consultation today.
