The global outsourcing market in accounting is expected to grow up to $81.3 billion by 2030. 65% of modern companies outsource bookkeeping services to use their internal teams for other tasks.
US businesses are moving towards outsourcing accounting and bookkeeping services to tighten budgets and adopt flexible work models. In this article, we will discuss why most US businesses are moving to outsourcing and why you should as well.
Things to Consider In Outsourced Bookkeeping:
Why is outsourcing bookkeeping a popular and growing choice across the entire US? In 2024, outsourcing was dominated by the North American market at 41%. The prediction expects the share to grow consistently over the next ten years. Here is why: outsourcing bookkeeping has become a preferred practice across US businesses.
Cost Reduction:
Cost reduction will always be a driving factor in outsourcing bookkeeping services. Countries such as Pakistan, Phillipines, India, and Malaysia are the main suppliers of remote accounting. These countries have a considerable currency difference from the US.
Hence, US businesses can pay a considerably lower per-hour rate and still expect impressive financial benefits from outsourced bookkeeping firms. Businesses can save up to 60% of payroll costs as compared to the US-based counterparts.
Higher Qualified Talent:
A CFA or a CPA will cost much lower when hired as an outsourced employee. Outsourcing financial services, such as accounting and bookkeeping, allows US employers to gain access to industry experts from a global talent pool
Financial regulations in the USA require that the certified accounting professionals conduct accounting and audits for businesses in most sectors (Center of Audit Quality). If a business is registered with the SEC or needs to show the company’s balance to stakeholders, a CPA-verified audit is commonly expected. CPAs and CFA are readily available in outsourced bookkeeping services.
Cloud and Real-Time Financial Reporting Tools:
Modern financial tools deployed on the Cloud provide real-time financial reporting tools.
In the past, setting up shared service centers required massive investments in IT infrastructure, often locking organizations into long-term contracts to justify the cost. However, with the advent of cloud technology, those barriers have virtually disappeared.
In 2025 and beyond, companies can hire outsourced or shared service providers with minimal startup costs, sometimes as little as the price of a few monthly Microsoft licenses. This shift to the cloud eliminates the need for expensive hardware and data centers.
Thus, businesses can access scalable, secure, and real-time financial reporting capabilities without heavy upfront investments. As a result, outsourcing has become far more cost-effective, agile, and accessible.
Scalability and Flexibility:
In a real business setup, scalability is not the only problem. Downsizing your financial team because your business is not so extensive this year can also be a challenge. Outsourcing bookkeeping services gives you an excellent opportunity to downsize without any problems.
If your business does not need a full-fledged accounting service, a simple one-audit-a-year policy will suffice. Then you can simply choose a smaller package in your outsourced bookkeeping service and cut costs without any problematic reduction in your in-house financial teams.
Empowering Onshore Teams
Companies can strategically utilize outsourcing to reduce operational costs while strengthening their onshore teams.
By outsourcing a portion of their finance or accounting functions, such as four or five roles out of every ten, they significantly lower overall labor expenses. The savings gained can then be reinvested into their onshore workforce through better compensation, training, and more strategic work.
This balanced approach not only boosts employee retention and professional development but also ensures that valuable talent remains motivated and aligned with the company’s long-term goals. In this way, outsourcing becomes a tool for both cost efficiency and talent retention.
Tax Compliance:
Not only do these outsourced bookkeeping services across the globe offer expert financial tax solutions. Chartered accountants and CPAs are available so that your tax compliance portfolio glows at the next fiscal cycle.
These services can also be directly reported in case a federal tax audit raises concerns. You can simply inform the federal tax department of your outsourcing as long as the service provider is licensed in the US.
Workforce Characteristics across Regions:
Here is a breakdown of workforce characteristics across regions according to their benefits and utility in outsourcing.
| Rank | Country | Notable Advantage |
| 1 | India | F&A outsourcing giant with companies like TATA Consultancy. |
| 2 | Pakistan | Fifth-largest remote working population in the world, with a high number of certified ACCAs, CPAs, and CFAs. |
| 3 | Philippines | Leader in BPOs and highly skilled staff, fluent in English |
| 4 | Poland | European exposure and provides excellent IT outsourcing. |
| 5 | Malaysia | Strong tech presence and an international IT industry onsite. |
| 6 | Vietnam | Well known for IT outsourcing. Highly recommended for Fintech. |
Accounting AI Revolution and Outsourcing:
In a day and age where monthly financial reports are replaced with real-time financial forecasts, AI is taking over accounting. Here is how outsourcing bridges the gap:
Automation:
Automation in accounting is the new normal. From automated tasks to automated categorization and invoice tracking, AI can easily be incorporated in outsourcing. Most outsourcing companies have advanced accounting tools that invite and encourage these AI changes in financial reporting.
Financial Independence:
Modern accounting services by outsourcing companies allow you to free yourself from the operational grind. . You can simply place your transaction processing, financial reporting, monthly closing and forecasting, in the hands of an effective outsourced bookkeeping team. They have the right tools to solve all of your accounting troubles.
Pricing Options:
Outsourcing companies allow you to choose a pricing model that fits your needs. If you have a need for extensive financial reporting in a quarter, then you can choose pricing as a one-time option. The flexibility keeps your budget tight and keeps you from wasting money.
Cloud-Based Teams:
Now, a team can work from any corner of the world, and all the data will be secure on a cloud-based network. At EA, security is built into everything we do. Our bookkeeping team operates strictly within the environment our clients provide, ensuring complete control over access and visibility.
Clients decide exactly which folders we can view, and any access they revoke disappears from our system immediately. We never have transaction rights, meaning we cannot access or move funds, initiate payments, or make changes to banking or credit card accounts.
When necessary, we may be granted read-only access to payroll, banking, or credit card platforms, but never more than that. This layered approach guarantees that our client’s financial data remains safe, entirely under their control.
Tips for Outsourced Bookkeeping:
Here are a few tips to help prepare for the initial search for an outsourced bookkeeping team.
Scope of Work:
Are they supposed to give you an update on day-to-day expenses, or should they give you financial audits? The scope of work that you assign to a bookkeeping team will determine the kind of team you look for.
Pakistan and the Philippines are good places for outsourcing accounting and financial services, offering qualified professionals who deliver quality work at a fraction of global costs.Each region brings its own unique strengths, allowing businesses to choose the best fit for their operational needs
Go for Trials:
Every outsourcing company has a trial period that is either free or has a very low cost. You should always take the trial first because it helps you see the inner workings of the company. It also helps you assess their security and how deep their financial services can reach to help your company.
Tech Check:
Research by yourself and see what kind of financial software products you want your outsourced bookkeeping team to have. If you can see that they have the right tools to give you the results you are looking for, then you can take up their services.
Prior Experience in Niche:
Medical billing is entirely different from construction records. You need to find financial experts in your own niche so that you can make sure of that.
EA’s offshore accountants have deep US CPG industry experience. Having worked with multiple companies within the CPG niche, our accountants possess in-depth expertise and an understanding of best practices, and financial processes specific to this sector.
Apart from CPG, we also have clients in the US hospitality, construction and retail & wholesale sector.
Outline Goals:
You should outline the kind of tasks, timeline for delivery, and all the expertise and meetings you will expect in outsourced bookkeeping. Setting clear goals will ensure that the team knows the expectations and is committed to delivering them.
Project Management Tools:
Use tools like Trello and Asana to assign tasks. That way, it will be important for them to keep track of their submissions.
Bonus Point:
Always understand the software your outsourced bookkeeping team is using and ask the outsourcing company if you can access the dashboard yourself. Most BPOs provide dashboard access to their clients. But they do not know how to use the software. If you learn to use the software, you can access your financial reporting independently.
These are a few simple ways to make sure that your bookkeeping outsourcing experience is good, and you do not get disappointed.
What Modern Finance Outsourcing Looks Like
Modern finance outsourcing provides end-to-end execution, including:
- Reconciliations, AP/AR, close, reporting
- Cash flow analysis and variance review
- Forecasting, audit prep, and light FP&A support
At 40% of the U.S. cost, these teams rival the Big Four in execution, but operate as flexible extensions of your team, not external consultants.
Expertise Accelerated- Consulting and Outsourced Accounting Solutions
Expertise Accelerated is an outsourced accounting firm providing high-quality bookkeeping and accounting services. By giving clients access to a global talent pool backed by U.S.-based management, we help them achieve up to 60% in payroll savings. Our teams’ deep U.S. industry expertise ensures that all work is accurate, U.S. GAAP–compliant, and tailored to the specific nuances of each industry we serve.
Conclusion
In conclusion, outsourced bookkeeping is the new normal. Outsourced accounting is the difference between companies that grow faster and those who don’t. It is a no-obligation, risk free way for companies to have access to industry experts.By outsourcing select finance or accounting tasks, companies cut costs and reinvest savings to better pay, train, and engage onshore staff, driving retention and long-term growth.
To summarize, outsourced bookkeeping will keep your numbers good and pocket happy.
FAQs:
How can you outsource your bookkeeping?
You can choose between a freelancer and a firm as your outsourced bookkeeping option. You can hire a financial expert firm like Expertise Accelerated and ask them to keep your finances secure.
Is outsourcing bookkeeping a good idea?
Yes, companies like Google, Walmart, and WhatsApp are outsourcing various functions every day. It helps cut costs, allows you to hire top talent with an affordable budget, and helps you control your budget.
Name three types of outsourcing?
The three most common types of outsourcing are project-based outsourcing, manufacturing outsourcing, and professional outsourcing.