What generates more: doing it yourself or outsourcing your financial administration?

Clients often ask us whether they should take care of their financial administration themselves, or whether outsourcing is better. Fully outsourcing your financial administration can be a move that has great benefits. It allows you to focus fully on your core task. You can be assured that your administrative processes carry on, even in case of illness or holiday. You have the flexibility to scale up in case of growth or scale down in case of contraction. And you know for sure that you are meeting legal and regulatory requirements.

What would you like to outsource?

In your financial administration, you can outsource everything. For example:

  • booking sales and/or purchases;
  • preparing payments;
  • sending sales invoices based on the available information;
  • processing salary journal entries, depreciations;
  • monthly reporting on results, margins, liquidity developments, cost developments;
  • taking care of the VAT return;
  • salary administration;
  • debtor monitoring and payments;
  • scanning and completing of bank mutations.

But what do you outsource, and what do you do yourself? That depends on your needs and the chosen company strategy. In which direction do you want your company to go? What knowledge do you need to achieve this? And, how many employees do you have, with which knowledge?

In the past, outsourcing was mainly a cost-saving measure. Now, many entrepreneurs outsource financial matters because of the need for continuity, capacity and knowledge. There are companies who have outsourced their entire financial administration. They focus fully on their core activity and downsize their service departments or fully outsource them.

Have you chosen to (temporarily) outsource a part of your administration? Then you can come to us for a team of highly-qualified accountants: from a financial controller, who reports directly to management, to a multi-functional team that is skilled in all aspects of bookkeeping, controlling, and reporting. They manage your bookkeeping and/or take care of management reporting, so that you can concentrate on what you like to do most: doing business.

Would you like to outsource your financial administration?

Contact one of our advisers to find out about the possibilities that suit you and the strategy of your company.

Manager Mirco Verburgt

+31 88 676 9284

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