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Women in BusinessSport helps Terje maintain balance and clarity, while the ambition inherent in sport carries over into her professional challenges. “Sport has taught me a winner’s mindset,” she confirms.
It is often believed that outsourcing accounting services means permanently handing over your accounting to a service provider. In fact, this is not the case at all.
Companies are increasingly using the opportunity to temporarily outsource accounting services to find support, for example, in busy periods and complex situations, as well as when their accountants lack the knowledge to solve a specific issue.
What have we helped companies with?
Grant Thornton Baltic has come to the aid of clients in various situations: our specialists have helped implement new business software or reduced the workload of the existing finance team at a time when the company has introduced new software and the entire team's resources have been spent on its implementation.
We have also quickly come to the aid when a key employee has unexpectedly left the finance department, which has affected time-critical activities. We have helped to organize previous financial periods and provided the client with assurance that the accounting has been done correctly and in accordance with good practice.
Since Grant Thornton Baltic also employs tax and legal advisors, internal auditors, information security specialists, etc., our accounting clients have received assistance in, for example, labor law issues, improving risk management processes, tax disputes, preparing a company for sale, and many other topics.
Five reasons why and when to consider using a temporary accounting service
- An employee has left.
- The company has changed business software.
- An outside perspective and advice are needed to make processes more efficient.
- There is a lack of confidence in the correctness of the current accounting.
- Accounting has been out of hand for some time and you do not know how where to start to alleviate the situation.
What does engaging a service provider give a company?
- Seeing the big picture. Using a temporary accounting service allows a company to gain new knowledge and experience. Temporary accountants bring fresh ideas and best practices that they have learned while working with other companies and different software. This can help a company improve its accounting processes and practices.
- Flexibility. A temporary accounting service offers flexibility, which is especially useful for seasonal work or temporary projects. If a company has a temporary increase in workload or needs to implement a short-term project, a temporary accountant can be the ideal solution. This allows the company to adapt to changing needs without long-term commitments.
- New software. Temporary accountants can bring knowledge and experience in using new accounting software and systems. If a company is planning to implement new software or systems, a temporary accountant can help facilitate a smooth transition and ensure that all employees are trained and ready to use the new system.
- Fresh perspective. A temporary accountant can provide a fresh perspective and objective assessment of a company’s accounting. An outside professional can spot problems or opportunities that the company’s employees may not see. This can help improve the accuracy and efficiency of accounting.
In conclusion, using a temporary accounting service can be beneficial in many ways, providing a company with new knowledge, flexibility, fresh ideas, and the opportunity to use the latest software. By using a temporary accountant, a company can focus on its core business, knowing that its accounting is in good order.
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