What is outsourced accounting and is it right for my business?

Outsourced accounting is the practice of engaging an external team of accounting professionals to handle some or all of your organization’s accounting functions — rather than managing those functions with internal staff. Outsourced accounting is right for your business if you are spending too much time on financial tasks that distract from your core work, if you have outgrown your current bookkeeper or accounting setup, if you need more accurate and timely financial information to make better decisions, if you want to reduce the risk of accounting errors or compliance issues, or if you need senior financial leadership (such as a controller or CFO) but are not ready to make a full-time hire. Yeo & Yeo’s outsourced accounting services are customizable and scalable, making them a strong fit for businesses and nonprofits of virtually any size across Michigan’s key industries.