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How much does it cost to outsource accounting activities in the UK?

Accounting is a key part of any business, and it's essential that you have the right team on hand to ensure that your books are in good shape. You may be wondering how much it costs to outsource accounting activities in the UK. This can be a tricky question to answer because there are so many factors involved. The best approach is to look at the cost of running an accounting department and then compare that with other options. Let's take a look at what you need to consider when choosing the right accountant for your business.

How much does it cost to outsource accounting activities in the UK?

The average cost of an employee in the UK is £32,000 per year. For example, if you have 5 employees in your accounting department and you pay them £600 per week (the average weekly salary), that's £3,000 (minus the cost of outsourcing your accounting) that could be used elsewhere in your company!

The average cost of an outsourced accountant can be as low as £80 - £100 per hour. If you have a small business, this may not seem like much of a difference to you, but if your business is growing at a rapid pace and you want to keep up with the competition, then outsourcing your accounting should be a priority.

Does outsourcing accounting only save you money?

Depending on the size of your company and how many accounting activities you are outsourcing, outsourcing accounting can save you between 15-30% of your overall costs. Apart from just saving you money, accounting activities can also save you quite a bit more in terms of the time you invest in taking up your accounting activities manually.

For example, let's say a small business owner spends 10 hours per week on their bookkeeping and accounts management tasks. This means that instead of spending 40 hours per month dealing with accounting issues in-house, they could be spending just 8 - 10 hours per week doing so – saving themselves nearly half their time investment! And if they decide to grow their business by expanding into other countries or markets where there may be more demand for their products/services than there currently is here in the UK then even more savings could be made from outsource companies like ours who specialize specifically in helping businesses thrive globally through technology enabled solutions tailored specifically for each individual client base around the world – making sure everything runs smoothly no matter where it takes place.

Outsourcing is much cheaper than hiring full time or even part time employees to do the same job. You now only pay for what you need and avoid paying for unproductive time (when the employee isn't working) like sick days, vacations and weekends.

Another big advantage of outsourcing accounting activities is that you don't have to pay for training an employee - which can be expensive in itself! In addition, benefits such as health insurance are often provided by your current employer's plan so it doesn't matter if they're providing them or not - they will still be covering them! This makes it easier financially when deciding whether or not outsourcing makes sense for you financially.


Outsourcing your accounting is the most cost-effective way to grow your business. Outsourcing allows you to focus on what matters most: growing your company and making it profitable. Connect with us today to learn more about how we can help you in outsourcing your accounting activities in the UK. Check out our list of accounting services here!


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