As companies seek to concentrate on their core strengths, the trend of outsourcing accounting tasks to specialized firms demonstrates a commitment to achieving operational excellence. Michael Shoff, CPA, MBA discusses the advantages of outsourcing #accountingservices. #AskMarcum #managedaccountingservices
Absolutely! Outsourcing accounting tasks to specialized firms is a smart move for companies to focus on their core strengths and achieve operational excellence. Great insight!
Patrick O'Reilly
1mo
Great article Michael!
David Chapman
1mo
Great read Michael
College Accounting Professor 🔘 Trusted Business Educator
1moIt's definitely advantageous, provided the client has the requisite knowledge to drive growth and revenue. Which is why I think adding client education to the outsourced offering is a key ingredient to success. There's a tremendous need for business owners to understand key business concepts - from cost structure to strategy. CPA firms are uniquely positioned to provide this learning. If they don't, someone else will surely step in and fill the gap, increasing the chances that they'll take some of the other outsourced services with them.