Practical aspects of accounting outsourcing

Successfully applied in the West, services in bookkeeping, - the so-called outsourcing of accounting services, - are now realized in Russia. In spite of the fact that in the conditions of crisis the problem of decrease in expenses is urgent, it is necessary to remember that outsourcing grants possibility of fast reorganization of business, which is capable to lead to the increase of competitiveness and of the enterprise cost. In practice there were the following basic criteria allowing the enterprise to make a contract for accounting service: the enterprise-customer should have a small number of business transactions and workers; the enterprise should have a registration worker in staff, whose duties are to create, register and store basic documents; the expert-representative of the executor should have necessary conditions for work at the territory of the customer. Russian legislation indicates the possibility of transfer of accounting to specialized organizations. In most cases to render the given type of service, a contract of accounting is signed, which parties are the customer (enterprise) and the executor (outsourcer). The customer forms the draft contract as it formulates the requests to potential executors and decides on the volume of outsourcing. With a properly signed contract on rendering bookkeeping services, the executor is completely liable at a rate of possible fines from supervising bodies. Rendering of outsourcing services has two consecutive stages: definition of the order and organization of rendering of services to the customer, and direct realisation of work. Besides, rendering of services in the outsourcing agreement can include works on optimisation of unreasonable expenses and enterprise-customer hidden reserves. At each stage, the results are registered documentarily - both in the form of reports and registers, and in the form of the documents formed directly when rendering services under agreement, namely, registers of accounting and tax account, tax declarations, and accounts. Thus, transfer of bookkeeping services to the outsourcing, which expediency during the time of recession the enterprise can reflect in its business plan, allows, first of all, to receive services from the executor rendered at a high professional level, secondly, to lower risks on submission of inadequate accounting, tax reporting, and on having fines from supervising bodies. Besides, accounting outsourcing acts as an efficient method of optimisation of expenses of the enterprise, revealing of hidden reserves and redistributions of its resources that supply the important competitive advantage

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