What is outsourced bookkeeping?

Outsourced bookkeeping means hiring an external bookkeeping provider to manage some or all of a company's day-to-day financial recordkeeping instead of handling everything with an in-house team.

Outsourced bookkeeping can include transaction recording, bank and credit-card reconciliations, accounts payable, accounts receivable, invoice management, general ledger maintenance, and financial reporting support.

For accounting firms and CPA practices, outsourcing can also provide additional capacity when client workloads increase or during busy periods. The firm can retain responsibility for client relationships, review, and final deliverables while the outsourced team handles agreed production work.

Exuberant Global provides outsourced bookkeeping and accounting support for professional accounting teams and businesses, with services tailored around the client's workflow, accounting software, reporting requirements, and workload.

If you're considering outsourcing, start with a defined scope of work and review process rather than simply choosing a provider based on hourly pricing.