Should You Outsource Admin Work

When running a business you need to focus on realising your ideas

, producing your product or service and marketing it. However, many businesses instead find themselves bogged down with the tasks needed to run their business on a day-to-day basis. Luckily, most of these tasks can be safely out sourced.

Many businesses already outsource marketing, cleaning, maintenance, procurement, travel and car hire, all of which save them a great deal of time and wasted energy. However, those same businesses often fail to realise that many admin tasks can also be safely outsourced. Their accountant can take on much of their day-to-day data entry and admin tasks.

If you want to outsource admin work a logical place to start is the payroll. Your accountant will easily look after this task for you with very little input needed from you. Just keeping up to date with legislation and adjusting your payroll system to accommodate these changes is difficult. Much of the data you need to submit in order to get your employees P35s & P60s produced is also time consuming to keep track of. An accountant is more used to payroll systems, so can often do this task more efficiently. Their efficiency means that they can often do your payroll cheaper than you can.

VAT and invoicing are other areas of admin, which an accountant can do more efficiently and cheaply than you can. Failure to do your VAT in a timely and accurate manner often leads to some very serious consequences for your business. Failing a VAT inspection just once, guarantees that your next inspection will be harder to pass. If you keep poor VAT records it will look like you are hiding something. This can easily lead to you being heavily fined or having to go to court. Letting your accountant do your VAT and produce your invoices can bring big benefits to your business.

Every business needs to produce reports. Sometimes this is for internal meetings, other times it is for meetings with your clients or your bank. Accountants are used to dealing with high volumes of data and drawing it together into easily understood reports. It is something they do on a day-to-day basis. Most businesses do not have the same expertise in house for this task. Letting your accountant do this admin task for you makes a lot of sense.

by: Karen Jones.

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