There are more benefits to cloud accounting than there are drawbacks, but would it surprise you to learn that the vast majority of business owners and company decision makers are hesitant to embrace the idea of outsourcing accounting services because of preconceived notions? What would you say if we were to tell you that those preconceived notions were so far off the mark as to be considered absurd? Well, it’s true. The fact is, outsourcing your business accounting actually means more secure financial information, not less. Here are just a couple of entirely probable scenarios that prove our point.
- Company A shuns the idea of outsourcing accounting services over concerns that third party bookkeeping employees can’t be trusted with their sensitive information. Meanwhile, Company A hires an onsite bookkeeper without performing a criminal background check, and six months down the line discover that they’ve been bilked for tens of thousands of dollars in bogus checks.
- Company B, having learned from Company A’s mistake, hires an onsite bookkeeper only after performing a thorough background check. All’s well that ends well, until one dark day the office is destroyed in a fire and everything – including all of the financial data Company B had stored in their onsite server – is lost.
We’re not trying to scare you. Well, maybe we are. Regardless, the above scenarios aren’t out of the realm of possibility, and have happened to far too many companies to count. Simply put, you’re much better off in the hands of an outsourced bookkeeping firm that performs extensive employee background checks and keeps your sensitive financial data stored in secure servers. If you buy into the myth that outsourcing accounting services are a shady path to ruin, you’re essentially betting on your own abilities to prevent bad things from happening under your nose. In the end, you’re much better off betting on the pros than on yourself.
