According to the US Bureau of Labor Statistics, almost $4 million employees had quit their work by July 2021. This trend is expected to continue through 2022. Many employees are turning in their resignations or planning to do so. They are either planning to work in a better environment with better pay or looking for alternative career options.
Like any other industry, “The Great Resignation” has also affected the accounting industry. The rate of accountants leaving their job is at an all-time high. The shortage of professionals makes it hard for CPA firms to deliver their services at the right time. Even if it is a small business or a CPA firm, a lack of skilled employees can cause a pile-up of work which you might get into deep trouble.
At the same time, the outsourced accounting industry is keeps on growing. Business owners are realizing the benefits of outsourcing and how it helps the business in the bigger picture. Outsourcing is one of the best alternate options to solve the employee crisis than hiring and training in-house accountants. It helps to close that huge talent gap that exists in the market.
Amidst tax season, employees leaving firms can create distress within the firms. Employers are having a hard time finding skilled employees in this scenario. The employee retention rate is getting lower day by day. Employers should focus on retaining existing employees to get through this without consequence. But still, you can’t rule out the chances of employees walking out of your firm as too much workload can cause burnout among the employees.
This is where outsourced accounting comes to the rescue. It helps you get through the unreliable and expensive hiring process. You can save the overhead cost for hiring and training in-house accountants. Expert accountants will take care of your finances and help you meet compliance. You will be getting accurate reports to scale your business and actionable insights that enable growth.
Some of the benefits of outsourced accounting services include
- Saves time on your hiring process
- Expert Accountants
- Accurate Reporting
For CPA firms, hiring an outsourced accounting service as their back-office can be a huge relief. CPA firm owners and business owners to blow off some steam, especially during tax season. They can concentrate more on their operation while outsourcing time-consuming tasks like bookkeeping, tax preparation, payroll processing, etc. You won’t have to work late nights as we will be working for you as you sleep and get the job done twice as fast.
Here at Agile e-platform, we provide customized accounting services that enable growth. We can take care of all of your finances. We provide reliable services and accurate monthly reports on time.
Get in touch with us to know more!