Firms Reduce Expenses in Just One Quarter by Utilising BOSS Accounting Outsourcing Services
Industry: Financial Services
Australian accounting practices can achieve their expansion goals much more rapidly than before thanks to the advantages of BOSS outsourced accounting
Lindfield, Australia (PRUnderground) December 26th, 2024
In the relatively recent past, when accountants discussed outsourcing, concerns about potential quality issues or a lack of control over their work frequently emerged. Nevertheless, to the relief of numerous firms, after two decades of outsourcing to Australian practices BOSS frequently receives feedback that accountants believe the advantages of outsourcing now surpass any initial worries.
A significant number of Australian businesses—many large, medium-sized and even smaller enterprises—are reaping the benefits of outsourcing their compliance work to overseas firms. This strategy helps them avoid additional hiring costs and mitigate the complexities associated with retaining staff domestically. As a result, several clients at BOSS have seen an increase in profits within just one financial quarter.
An additional advantage of outsourcing compliance work abroad is that companies now have significantly more time available to provide extra services to both current and potential clients. By supplying business development guidance, accounting firms can enhance their revenue through these supplementary offerings while also reducing expenses associated with compliance work.
Outsourcing accounting jobs is proving to be a vital solution. Mr. Court, the Client Relationship and Marketing Manager at BOSS, remarked, “This exemplifies how accounting firms can either leverage new services for their benefit or waste time resisting change. Consider how the music industry transformed with platforms like iTunes and Spotify, as well as Blockbuster failing to grasp Netflix’s potential, or bookstores that could have been leaders if they had envisioned Amazon’s rise. It’s important to clarify that this approach isn’t about dismissing in-house personnel in favour of only overseas workers; rather, it’s about utilizing offshore teams for essential compliance duties while retaining or even expanding the Australian workforce to focus on more engaging client development activities. This not only provides an added advantage to current clients by introducing valuable new services but also serves as an appealing opportunity for prospective clients.”
Clients who engage in accounting outsourcing with BOSS can have their outsourced accountant operational within a week. They are not responsible for any leave-related expenses, including annual or sick leave, and only need to provide one month’s notice to terminate the contract without any questions asked.
About BOSS, BACK OFFICE SHARED SERVICES PTY LTD
BOSS (Back Office Shared Services Pty Ltd) was founded in 2004 to provide skilled accountants and bookkeepers on a full-time, part-time and casual basis to commercial enterprises, accounting and financial services firms in Australia.
BOSS India is a subsidiary of BOSS Australia and runs just like an ultra-modern paperless Australian public practice because the Director and Accountancy Practice Principal, Peter Vickers, has been operating his own successful Australian public practice for over twenty years.
