Accounting outsourcing: essence, advantages, disadvantages and features of implementation

Abstract

Modern conditions of entrepreneurial activity require a constant search for ways to increase the efficiency of business entities and support their competitiveness on the market. Implementation of advanced methods of enterprise management through delegation of authority in certain areas is one of the ways to achieve significant results in the business sphere. Such methods include accounting outsourcing. The purpose of the study is to determine the economic essence and substantiation of scientific and practical approaches to the classification of accounting outsourcing in Ukraine and to argue the expediency of its application. The article clarifies the essence and purpose of accounting outsourcing, discloses the features and relevance of the application of outsourcing at the present time. The classification of types of outsourcing is presented, the classification features are summarized and specified, and their concise characteristics are also provided. At the stage of decision-making regarding the use of accounting outsourcing services, the need to substantiate the feasibility of its use by small, medium and large enterprises was identified. Since, in connection with a small number of accounting employees and insignificant document flow and volume of business operations, the largest segment of users who apply outsourcing is precisely small business. However, due to the high quality of the services provided, interest in outsourcers is growing among medium and large businesses. Particular attention is paid in the article to the identification of shortcomings, as well as to the disclosure of the main advantages of accounting outsourcing, which contribute to its development in Ukraine. It has been established that the use of accounting outsourcing will contribute to the stabilization of the enterprise's development, effective use of its internal potential, increased flexibility and adaptability to changes, and improvement of the enterprise's competitive position in the market environment. That is, with justified use, accounting outsourcing is the best option for obtaining qualified accounting services at minimal costs.