Offshoring accounting services has grown in popularity for CPA and accounting firms in recent years, with firms trying to reduce costs and boost efficiency by outsourcing their accounting services to firms in other countries.
Grand View Research projects that the global business process outsourcing market size will expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030.
The moment CPAs hear about offshoring accounting and bookkeeping services, they get confused with hundreds of doubts. Although resolving those doubts is very important, you can use them as filters when selecting the right outsourcing partner.
1. Here are some accounting experts’ perspectives on offshore accounting
With these observations by top professionals, it seems that outsourcing accounting services will continue to be a popular solution for CPA and accounting firms looking for growth opportunities. But, while selecting an outsourcing partner, firms must carefully evaluate all options and work closely with them to ensure the best possible outcomes.