Your finances are the backbone of your business, and it is important that they are managed accurately and effectively. While hiring an in-house accounting team may appear like the smarter option, it is often more cost-effective, simple, and practical to outsource your finance department.

The average salary for a Finance Director in 2025 is between £78k and £123k a year, and hiring multiple members of staff will accrue additional costs. You will also need to pay for equipment, software licenses, and office space for new employees. This is a costly investment. More time and resources will be needed for interviewing and training new hires.

Benefits of Outsourced Accounting

By outsourcing your finances to an accountancy firm, you save on time and money. You’ll have access to an entire team of professionals who are highly experienced in managing VAT, dividends, salaries, filing annual accounts, managing payroll, and more. This frees up your existing team to focus on other duties and create a better service for your customers.

With a reliable outsourced firm, you can trust that your accounts are accurate, up-to-date, and secure. You will still be able to get updates on your accounts and financial information but won’t need to worry about you or your team managing it.

Accountancy firms will have access to the latest tools and software, and will be trained in data security, so you know your finances are being handled efficiently and safely. They will also have an awareness of global market trends which will assist you in your business investments.

More companies are taking advantage of the benefits from outsourcing their finance department. In 2024, global spend on accountancy outsourcing increased by 40% within five years, and it is projected to continue to grow.

To learn more about how J Sweeney Accountants can assist you with our outsourced accounting services, call us on 01604 950034 or email [email protected].