When is it worth outsourcing your accounting?

Accounting is a legal obligation for every company and association, and there is no way to avoid it.

Many new entrepreneurs wonder in the early stages of their business whether it is worth doing the accounting themselves or outsourcing it to a professional. Outsourcing accounting is not just the solution for large companies - on the contrary, it is often the best solution for small businesses. particularly useful for entrepreneurs just starting out.

In this guide we go through, when to outsource accounting, the benefits it brings and how it makes life easier for the entrepreneur right from the start.

1. When you want to focus on business - not bureaucracy

An entrepreneur's most important task is to develop his business and serve his customers.
Accounting, tax returns and reporting can be time-consuming - especially if you're not familiar with the rules and systems.

It pays to outsource your accounting, if you find that:

• accounting takes time away from sales and customer work
• financial management tasks seem uncertain
• it's easy to leave things to the last minute

Professionally managed accounting frees up time and gives you peace of mind.

2. When you want certainty on tax matters and deadlines

Tax errors can be costly.
Particularly challenging for a start-up entrepreneur are:

• advance taxes
• VAT
• tax returns
• deductions

When you outsource your accounting, the accountant takes care of schedules and correct declarations. This reduces the risk of errors and unnecessary extra costs.

3. As your business grows or becomes more complex

Business rarely stays the same for long.
Outsourcing is particularly relevant when:

• sales increase
• the number of invoices increases
• you hire your first employee
• you start selling abroad
• you move to electronic financial management

With growth, financial management requires more skills and time - outsourced accounting supports growth in a controlled way.

4. When you want to better understand your business finances

A good accountant is not just a document processor.
Outsourced accounting offers:

• clear reports
• understandable indicators
• tax and cash flow forecasting
• support for decision-making

This is particularly valuable for a new entrepreneur: numbers become useful information.

5. When you want a cost-effective solution

Many people think that outsourcing accounting is expensive. In reality, it is often cheaper than spending your own time on bookkeeping.

When you consider:

• the value of your own working time
• the risk of errors
• stress and uncertainty

outsourcing is often a sensible and predictable solution.

Concreteness Accounting is used to keep the accounts at a fixed hourly rate - with no hidden costs. You always know what you're paying for.

6. When can you still keep your own accounts?

In the short term, you can do the accounting yourself if:

• the activity is very small-scale
• there are few events
• know the basics and deadlines

However, many entrepreneurs move quickly to outsourcing when they realise that their own time is better spent.

Summary - Outsourcing brings security and clarity

It pays to outsource your accounting when you want to:

• focus on business
• avoid mistakes in tax matters
• get clear financial information
• support the growth of your business
• peace of mind in everyday life

A new entrepreneur doesn't have to know everything himself. The right partner makes financial management clear and predictable.

Want to discuss whether outsourcing your accounting is right for your business?

Concrete Accounting helps you get started free of charge - with no commitments and no hidden costs.