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I’m interested in Outsourcing Bookkeeping

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I’m thinking out outsourcing some

of my bookkeeping work. I currently use sage 50 accounts and excel. What are people’s views on outsourcing, experiences and the coatings compared with employing staff? Thanks in advance. 

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By SXGuy
25th Aug 2018 07:16

Never done it myself but it seems pretty cheap. My only concern would be whether the people you out source to are competent enough. Some of these targeted emails come from places like India and I'm always worried its either a scam or poor service

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By sash100
25th Aug 2018 12:27

Once the processes are in place and there is understanding then it can work well. Though it can take a while to get to this stage. My only grips is its rather robotic and would want some who is able to use their own initiative and code to the nearest account category

There is also question of safeguarding data under GDPR

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By helin
25th Aug 2018 14:57

Hi. would you like to outsource to some of your bookkeeping work to an ACCA member. I was just looking some work to do at home ? Regards

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By Mrbailey
25th Aug 2018 17:59

Outsourcing can be perilous in many ways. You are entrusting your business and client information to potentially competitive operators.
You might not always be in good relations with the subcontractor and accordingly you have adopted a further business anxiety.
Beware! Ruminate pontificate deliberate and you will become wise

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Replying to Mrbailey:
By Ruddles
25th Aug 2018 18:07

You clearly need to do some ruminating and pontificating yourself.

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By tracey2412
28th Aug 2018 10:35

I have not been retained directly by any accountants to date but do bookkeeping for clients before passing onto & then working closely with their accountants (as often I know more about their business admin than the client does!). I charge most of my clients £25+VAT per hour but their accountants charge them less than usual because they know that everything is in order & 'clean'. I find that bookkeeping is still quite heavy paper-based (even with emails, pdfs, etc.) so work with local clients & accountants mainly so we can handle the paper, most of the smaller businesses are a long way from being paperless. That said, with Auto Entry, spreadsheets & Sage Drive, I'd happily give 'remote' bookkeeping a go if an accountant wanted to try it.
Re: cost v staff - depends on the number of hours you need I guess? My logic would suggest that if it's variable through the year, a subbie might be more cost effective (pay as you go as needed) though you have to rely on the subbie being available when you need them especialy if there was short notice but if you want succession planning, training your own staff in your own way, full control of when the work is done & have enough work/income to cover it, you may be better to employ. Have you considered an accounting apprentice - local colleges usually cry out for employers?

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Global Infosys
By Arun Ravindranathan
28th Aug 2018 11:10

Depending on your business model, it can really work. We work with over 90 UK accountants and we have seen how effective outsourcing can be. Feel free to download our Ebook on our website www.giinfosys.com to answer any questions you may have or contact us at [email protected]

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By DorotaT
06th Nov 2019 11:58

Hello - I have over 10 years of experience as a Book keeper in UK working for Ltd company.
I'm now moving into Finance Manager position with National Museum closer to my home (as in my current job, I had to commute 1 hour), which will mean that I will have some time available and I am looking to take some extra work in the evenings/ weekends.
Please let me know what you may be interested in and I can send you my CV.
I have extensive experience with payroll, VAT returns, ECSL, handling VAT refunds from the EU as well as preparing grant claims and project finance management for Innovate Uk, Scottish Enterprise and H2020.

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By DorotaT
06th Nov 2019 11:58

Hello - I have over 10 years of experience as a Book keeper in UK working for Ltd company.
I'm now moving into Finance Manager position with National Museum closer to my home (as in my current job, I had to commute 1 hour), which will mean that I will have some time available and I am looking to take some extra work in the evenings/ weekends.
Please let me know what you may be interested in and I can send you my CV.
I have extensive experience with payroll, VAT returns, ECSL, handling VAT refunds from the EU as well as preparing grant claims and project finance management for Innovate Uk, Scottish Enterprise and H2020.

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