The accounting industry is rapidly evolving, and outsourcing has become a key strategy for small and mid-sized CPA and accounting firms looking to reduce costs, access specialized expertise, and focus on growth. On average, firms that outsource accounting services save 15% to 30% in operational costs, no wonder why the demand for outsourced accounting services continue to rise and is expected to grow at a CAGR of 9.3% from 2024 to 2030.
However, understanding the costs associated with outsourcing is crucial to boosting profitability and streamlining operations. While the benefits—cost savings and efficiency— are well-known, it’s essential to evaluate the financial impact to make an informed decision.
Let’s dive into the average costs of outsourcing accounting services, particularly to India, the factors that affect pricing, and how to decide if outsourcing is the smart choice for your accounting firm.
