5 reasons to outsource your accounting

Outsourced accounting means hiring an external company to manage your financial records, books, and taxes—rather than employing your own in-house accountant or team.
Here's how it works:

• You provide your financial documents to an accounting firm, and they handle everything.
• They process transactions, generate reports, and ensure your business stays compliant.
• You only pay for the services you need, eliminating concerns about salaries, office space, and software expenses.

1. You get the whole team for the price of one specialist

When you hire an in-house accountant, you'll need to cover their salary, benefits, and training expenses. With outsourcing, you get access to a team of experienced professionals for the same cost or less.

For perspective: An accountant in Dubai, UAE typically earns about AED 12,300 per month, with an average base salary of AED 9,000.

Additionally, you might need specialized services that an in-house accountant can't provide, like tax audit preparation. This means extra costs. With an outsourced team, you get all services for one price. For example, with movingo, you get all necessary services for just AED 500/month.

2. Outsourced teams are more efficient
Accounting firms handle finances for multiple businesses, giving them extensive experience. They utilize optimized systems and modern software to process data swiftly and accurately.

Unlike having a single accountant with limited knowledge, you gain access to an entire team well-versed in current industry standards and best practices.

Consider this: while one person works 8 hours daily, a team of five can work 35 — dramatically speeding up task completion.

3. Outsourcing ensures reliability and accountability
An outsourced accounting team's reputation depends on delivering excellent service to multiple clients. They must maintain high standards to retain their client base.

While mistakes by an in-house accountant become the business owner's problem, outsourced accounting firms assume full responsibility for accuracy and regulatory compliance.

With us, you'll receive hassle-free accounting that fully complies with UAE regulations. We're here to help—just reach out.

4. Strong data protection
Outsourced accounting firms implement robust security measures to protect financial data. They store information on secure, encrypted systems to prevent unauthorized access.
Building a secure system from scratch is challenging, especially for small companies and freelancers who lack the necessary resources to implement it in-house.

By outsourcing your accounting, you enhance the security of your information through professional systems and clear accountability. You're also protected by formal contracts with the service provider—documents that can serve as legal evidence if needed.

5. Freedom from day-to-day oversight
Managing an in-house accountant requires significant oversight — checking reports, monitoring deadlines, and reviewing work quality. This supervision consumes valuable time and energy.

With outsourcing, the service provider handles these responsibilities, delivering accurate and timely financial reports without requiring your constant attention.
This frees you to concentrate on growing your business rather than supervising accounting tasks.

While delegating paperwork is generally beneficial, some situations may call for an in-house accounting solution:

• If your business requires an on-site accountant for tasks like handling cash transactions, an in-house employee might be more appropriate.
• If you operate a large, complex business, building an internal accounting team could be more advantageous.

However, even in these scenarios, it's important to analyze the costs and benefits carefully. Outsourced accounting services, like movingo, might still prove to be the better choice.

We offer transparent accounting services in the UAE at competitive rates — saving you up to 3 times the cost. Our plans are specially designed for small and mid-sized businesses and freelancers.

What you'll receive: