Which accounting tasks can be outsourced?

1. Payroll accounting

Payroll is one of the most common areas for outsourcing. It includes :

• Monthly payroll preparation
• Social security, pension, and withholding tax settlements
• Reporting to authorities and insurers
• Annual employee and authority summaries‍

Advantage : high legal security and management relief.‍

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2. Financial accounting

External providers can handle all or parts of bookkeeping :

• Recording of receipts and invoices
• Bank account reconciliation
• Accounts payable and receivable
• VAT reporting

Advantage : continuously updated and accurate figures.

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3. Tax consulting and returns

Tax-related tasks can also be outsourced :

• Corporate tax returns
• VAT advice
• Tax optimisation
• Representation before tax authorities

Advantage : reduced errors and better tax planning.

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4. Annual closing and financial reports

Many SMEs outsource their year-end closing :

• Preparation of balance sheet and income statement
• Annexes and management reports
• Periodic reports for banks or investors

‍Advantage : professional, compliant documentation.

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5. Controlling and advisory

Many fiduciaries also offer controlling services :

• Cost analysis and budgeting
• Liquidity and financial forecasts
• Investment decision support

Advantage : stronger basis for management decisions.

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6. Special tasks

Certain specific issues can also be outsourced :

• Audit support
• Assistance in restructurings
• Help with company formations or liquidations

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Conclusion : outsourcing creates flexibility

From payroll to tax consulting, many accounting areas can be efficiently outsourced. This reduces risk, frees up time, and ensures expert knowledge is always available.

Recommendation :

Analyse which tasks take too much time or require special skills. Outsourcing can be the ideal solution for a sustainable and professional setup.