Are you planning to outsource your accounts and books to an accounting outsourcing firm to make easy for your business growth? We all know how tedious work it is to work continuously on the accounts to smoothly run the business. But does it help when you get no time to spend on your client for growing your business? Modern business owners are partnering with outsourced accounting firms because they offer an agile solution that provides a “one-stop solution” for all bookkeeping, accounting, and tax-related services.
It's no secret that business owners have a myriad of choices when it comes to bookkeeping and accounting services. At the best - you are looking for the Outsourced accounting who can match your strategic finance needs, yet flexible enough to work with your small business budget. Before moving to types of the model you can choose, you must check out the checklist before hiring an accounting outsourcing firm so you must be aware that the firm you will land up can handle all your work smoothly with your growing business.
If you have planned to gain access to outsourcing accounting, you must be aware of the models most accounting outsourced companies provide. Choosing the right model of accounting can make your business bloom. Either it is a small business or a large one, the art of accounting and strategy will be always required to go in the right direction with advisers who have expertise in their industry. Different Accounting Engagement Model can be a competitive advantage for businesses with a twist of technology-infused in it. AcoBloom International believes that the client must have an accounting model according to their needs. It's not a time to stick to one model idea. The concept of growth is the change for betterment.
FTE Model (Full time equivalent)
Full-time equivalent (FTE) model serves our clients’ business requirements with ease. In this model, an FTE is dedicated to a and, in which, the FTE works only for the client.
Benefits of choosing this model:
- Economical than Hourly model
- Faster turnaround time
- No Inhouse facility required
- Managed solution and check
- Offers more control
In this model, Clients are charged as per the number of hours consumed by them. This model is best for those clients who have lesser/ad-hoc volume of work and not sure of the amount of work they shall outsource.
- Benefits of Choosing this model:
- Good for small budgets
- Works well with a small amount of work
- Dedicated staff
When it comes to hiring an outsourced accounting firm, Many questions and doubts are acceptable to rise. If you feel perplexed and not sure what model works for you, why not take a free trial and see what is best for your business.