Debunking 4 Myths About Outsourced Accounting

Use this guide to avoid confusion because outsourcing is easier than you think. Fill out this form to get your copy.

Looking to make a change?

Truth is, you don't need to hire an in-house accountant to get good business accounting

In a recent TD Bank survey, almost half of business owners said that bookkeeping was their least favorite task, followed closely by handling finances. Although it’s a common pain, most businesses hesitate to outsource their bookkeeping and accounting tasks. As more entrepreneurs outsource with indinero, we encounter new myths about what held them back.

From what we can tell, the apprehensions business owners have about external accounting usually relate back to a few misguided ideas. In this guide, we cover how outsourcing your accounting with an all-in-one provider will really affect your business’s key areas of growth and, ultimately, your bottom line.

Outsourcing your accounting will improve your business's key areas, such as:

  • Time, energy, and other administrative resources
  • Budgeting concerns: cost-savings and ROI
  • Transparency into your numbers
  • Implementing external accounting systems

R&D Offer Quiz

Step 1 of 3

Answer to find out if you're eligible for R&D tax credits.

Do the activities performed relate to a new or improved business component’s function, performance, reliability, quality, or composition?(Required)
For Example: A mid-sized packaging company develops a slightly modified cardboard box design to improve its stacking strength (reliability) for warehouse storage, involving minor adjustments to the corrugation pattern to reduce collapse under standard weight loads.
Is your company trying to discover information to eliminate uncertainty concerning the capability or method for developing or improving a business component?(Required)
For Example: A furniture manufacturer investigates whether a cheaper wood adhesive can hold joints as effectively as the current one during assembly, testing bond strength to resolve doubts about its capability in standard production lines.
Do the activities performed constitute a process of experimentation?(Required)
For Example: An auto parts supplier runs a series of bench tests on different lubricant formulations to find one that reduces friction in engine bearings more effectively, systematically comparing wear rates over simulated operating cycles.