Last Updated on: 22nd November 2023, 03:55 pm
Today, IBN Technologies, a renowned outsourcing services provider, has announced their new services to streamline small business accounting processes in the UK. A survey conducted by Intuit revealed that 8 out of 10 UK SMEs credit their accountants with easing inflation concerns. For those that lack this professional support, financial management can be a difficult task that is often handled solely by the business owners.
The survey also found that in businesses without an accountant, 50% of business owners take on the burden of financial admin themselves, while the other half rely on family and friends (20%) or unqualified individuals (24%) to manage their books. This approach not only risks errors and non-compliance, but also hinders the SMEs’ potential for growth.
Furthermore, the survey revealed the profound impact this deficiency has on SMEs. Those without a professional accountant admitted to feeling 35% less confident in their ability to handle tax obligations accurately, 31% less confident when it comes to passing financial audits, and 22% less ready to meet compliance checks.
IBN Technologies offers a solution to these challenges, providing comprehensive outsourcing solutions to empower businesses to confidently navigate financial complexities. By outsourcing accounting and bookkeeping services for small businesses, business owners can shift their attention from financial administration to strategic growth.
CEO Ajay Mehta commented on the importance of professional accounting services: “Small businesses often overlook the significance of professional accounting until faced with avoidable challenges. Our services bridge the gap by providing them with access to skilled professionals who can navigate complex financial landscapes and ensure compliance.”
The advantages of partnering with qualified professionals extend beyond financial peace of mind. A qualified accountant can save UK SMEs an average of 59 working days per year, translating to an average cost reduction of £28,000. IBN Technologies’ offshore outsourcing services are even more economical, starting at just £8 per hour.
Mehta concluded: “The misconception that hiring a professional accountant is expensive needs to be dispelled. Our services are not just about saving money; they’re about leveraging expertise, streamlining processes, and ensuring businesses are equipped to thrive.”
In addition to providing cost-effective solutions, IBN Technologies also offers a comprehensive suite of services to meet the exacting standards of UK bookkeeping. Their services range from meticulous cash flow management and precise costing and budgeting, to timely preparation of financial statements and insightful management reporting.
IBN Technologies is an outsourcing specialist company with clients in the United States, the United Kingdom, the Middle East, and India. The quality of their procedures is guaranteed by ISO 9001:2015, 27001:2022 as well as a CMMI-5 certification.
Today, IBN Technologies has announced their new services to streamline small business accounting processes in the UK. A survey conducted by Intuit revealed that 8 out of 10 UK SMEs credit their accountants with easing inflation concerns. However, for those that lack this professional support, financial management can be a difficult task that is often handled solely by the business owners.
The survey also found that in businesses without an accountant, 50% of business owners take on the burden of financial admin themselves, while the other half rely on family and friends (20%) or unqualified individuals (24%) to manage their books. This approach not only risks errors and non-compliance, but also hinders the SMEs’ potential for growth.
To address these challenges, IBN Technologies has unveiled a comprehensive suite of outsourcing solutions to empower businesses to confidently navigate financial complexities. By outsourcing accounting and bookkeeping services, business owners are able to focus their attention on strategic growth rather than financial administration.
CEO Ajay Mehta commented on the importance of these services: “Small businesses often overlook the significance of professional accounting until faced with avoidable challenges. Our services bridge the gap by providing them with access to skilled professionals who can navigate complex financial landscapes and ensure compliance.”
The advantages of partnering with qualified professionals extend beyond financial peace of mind. A qualified accountant can save UK SMEs an average of 59 working days per year, translating to an average cost reduction of £28,000. IBN Technologies’ offshore outsourcing services are even more economical, starting at just £8 per hour.
Mehta continued: “The misconception that hiring a professional accountant is expensive needs to be dispelled. Our services are not just about saving money; they’re about leveraging expertise, streamlining processes, and ensuring businesses are equipped to thrive.”
IBN Technologies is an outsourcing specialist company with clients in the United States, the United Kingdom, the Middle East, and India. The quality of their procedures is guaranteed by ISO 9001:2015, 27001:2022 as well as a CMMI-5 certification.
Today, IBN Technologies has announced their new services to
