Accounting in small and medium enterprises are no less complicated than large corporations as both have to follow the same regulations and taxations. However in many cases, SMEs can’t afford to have a highly paid Finance Manager or CFO, a luxury that large corporations can afford.
A simple yet robust solution for this is Outsourced accounting with Kudos PRS. In this manner your business can enjoy the expertise that large companies enjoy at a fraction of the cost. A few of the key benefits you will enjoy when you outsource your accounting needs with Kudos PRS are as follows:
- Peace of mind for business owners/CEOs as they can continue to focus on core business areas for further value-added revenue-generating tasks instead of worrying over reliability of accounting.
- Save money by reducing overhead due to being cheaper and more cost effective than in-house staff.
- Since outsourced experts are rotationally changed, we mitigate the risk of fraud.
- Enjoy the service of competent qualified accounting professionals with experience.
- Easy to ride the business growth or a boom with outsourcing thereby avoiding the risk of hiring more employees until the company gets confidence to hire permanent staff.
- Reduces risk of noncompliance of newly implementing law & regulations as well as wrong accounting practices & standards. The experience of our experts avoids the risk of invoking penalty provisions in relevant law.
- Proper accounting improves decision making by cash flow planning & management, effective cost control measures and compliance with financial regulations.
- Valuable Monthly, Quarterly or Half- yearly Reports on a Timely Basis to Assist Decision Making.
- Proper reports can spot Red flags ahead of time and notify you of any financial risk.