Outsourcing service in accounting 

External financing has become a major trend in human resources over the last decade. It is the practice of sending certain business functions outside of a company instead of managing them at home. More and more companies, large and small, are turning to external sources as a way to grow by limiting wages and overhead. How can you do this for your business? First, make sure the company you are hiring can do the job. This means obtaining (and verifying) references. Ask past or current customers if they are satisfied with the customer. Find out what industry and what kind of work the company or individual is used to. Can you expect your deadlines to be met, or will your small business projects be sidelined when a larger customer is in a hurry? At the same time, make sure that you are comfortable with who you are working with and that you can openly discuss your concerns and needs. Ask for examples of work if appropriate (for example, what analysis methods you use, what programs you use). An outside option is to hire independent contractors. For example, instead of hiring an accountant, you can work with a company that manages your business from the outside and submits government and internal reports in a timely and responsible manner. Independent contractors may be more flexible and less expensive than foreign companies. As with foreign companies, before hiring an independent contractor, make sure the person you are using can do the job.