Accounting Services
Outsourced Accounting

Expertly trained accountants with a deep understanding of the software and your industry,

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Bill Pay

Outsourced bill pay solution with cash flow reporting and tracked expenses.

What Are Outsourced Accounting Services and Do I Need Them?

If you are asking yourself these two questions, you've come to the right place.

What’s the Difference Between CFO and a Controller - and What Do I Need?

Although these two important roles are sometimes viewed as interchangeable there are important differences between them.

Industry Expertise
Our Key Industries

Expert knowledge and high-quality software solutions for our 5 key industries.

Construction & Real Estate

Real-time financial data and integrated job costing to generate reports and improve accountability.

Manufacturing & Distribution

Track billing of materials, implement inventory control systems, manage supplier base, and reduce unnecessary costs.


Our team has the expertise needed to navigate deposits, refunds, chargebacks, and processing fees to maximize efficiency.

Professional Services

Streamline financial operation and increase overall profitability to enable faster and smarter decisions.

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Why does industry expertise matter?

Industry focus allows us to be experts in the accounting needs of the companies that operate within these industries.

Why Plumb Works With These Industries

This is another one of our favorite questions. The answer is easy: we know these industries.

Software Expertise
Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

NetSuite Software

Integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.

QuickBooks Software

Scalable solutions for reporting, transactions, month-end close, analysis, and more.

QuickBooks to NetSuite Migration: A Comprehensive Guide

Migrating from one accounting software platform to another is a critical undertaking for businesses. This is especially true when considering a transition from QuickBooks to NetSuite.

How do I know which Software is right for my company?

Selecting the "right" software for your company might seem like an overwhelming task, but we'd like to help make this process easier for you.

Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

Sage Intacct

Automate the critical processes, reduce the spreadsheet headaches, and get greater visibility into real-time business performance.

Sage 300 CRE

Sage 300 Construction & Real Estate connects finances and operations to help ensure maximum profit.

Sage 100 Contractor

The all-in-one construction software that goes beyond basic accounting to put you in total command of your projects.

Sage Estimating

Build bids quickly and precisely, plus integrate with other Sage software solutions to streamline operations.

Sage Paperless

Easily store, retrieve, and route documents for accounting and operations.

Sage Service

Streamline service calls and construction projects from start to finish with web-based real-time information.

Additional Solutions

Add-on these services to improve workflow and enhance data and analytics.

How and When to Choose Construction Accounting Software?

The right tools can help you manage your construction projects efficiently, provide clarity of your finances, and ultimately help improve profitability and job success.

5 Types of Visibility Every Construction Firm Should Have.

Here we list 5 key elements to help capture insights that are pivotal to running an efficient and lucrative constriction firm.

About Plumb

Plumb seeks to empower business owners and leaders to gain clarity about their financials to grow their business.

Case Studies

Learn more about our work with clients in a variety of different industries.

Meet the Team

Learn more about the Plumb leadership team.

The Plumb Promise


Want to join us? Check out our current open positions and apply today.

What can Plumb Do for Your Business?

At Plumb we pride ourselves on providing "clarity in accounting and stewardship in service." But what does that actually mean?

What's the Plumb Promise and What's in it for You?

We're on a continuous journey to go above and beyond for our clients. Here's how we do that.

In-House Accounting Vs. Outsourcing Accountant: Which Is Best For You?

Posted on April 18, 2024 at 11:49 AM
Written by Plumb

When it comes to managing a business, the financial aspect holds significant gravity. With the vast number of financial tasks looming overhead, you must contemplate between in-house accounting vs. outsourcing. Each option comes with its unique benefits and drawbacks, and the choice depends entirely on your company’s specific needs, size, and future growth plans.

But in the complex yet dynamic world of accounting, Plumb comes out as a stalwart providing professional Outsourced Accounting services to companies like yours. Small to mid-sized businesses often grappling with the looming overheads of maintaining in-house accounting departments find solace and convenience in our services. By opting for Plumb’s services, your business can remain focused on core competencies, reducing the burden of day-to-day financial responsibilities.

Cost Implications of In-house Versus Outsourced Accounting

The debate between in-house accounting vs. outsourcing frequently boils down to costs. Handling accounting in-house implies the allocation of resources to hire, manage, and train an internal team. For businesses with high transaction volumes, this may be a worthwhile investment. Yet, the overhead costs can weigh on those still seeking to expand. Not to mention the expenses during a hiring error or accountancy training updates.

Compare this to outsourcing. Offloading your financial chores to an external party might seem costly at first glance. But, a deeper analysis often reveals it as a cost-effective measure over time. Your business sidesteps extra costs associated with hiring, training, and staff management. Outsourcing also gives access to up-to-date financial expertise without additional training costs. Here, the key is finding a provider that harmonizes with your budget, needs, and long-term plans.

Control and Oversight with In-house Accounting

Having a financial team within your premises can feel synonymous with greater oversight. It offers real-time access to your financial data. It may also ease direct collaboration or communication with the team handling your finances.

However, the thought of releasing financial control to a third party can be daunting. Relinquishing your critical financial processes to outsiders might strike as risky at first. Yet, businesses should keep in mind that professional outsourced services are experts at fostering a transparent and accountable relationship. Regularly scheduled meetings, detailed reporting, and reliable contact establish accountability, keeping you at the helm of your financial decisions. Thus, the notion that outsourcing reduces control might be more perception than reality. It might be beneficial to reassess oversight preferences and evaluate accounting methods beyond the traditional paradigm.

Expertise and Specialization in Outsourced Accounting

One of the most significant advantages of outsourcing is gaining access to a vast pool of specialized knowledge and skills. External accounting providers are experts in their field, staying abreast of the latest industry standards, practices, and regulatory changes. This extensive knowledge is invaluable for small to mid-sized businesses needing more experience in dealing with complex financial matters.

While in-house accounting teams may possess adequate knowledge to manage routine financial processes, they can face challenges when confronted with specialized scenarios or industry-specific regulations. The expertise and specialization provided by outsourced accountants are worth considering to ensure proper compliance and efficiency. When deciding between in-house accounting vs. outsourcing, weigh the importance of knowledge and specialization in your business processes and future goals to make the ideal choice.

Impact on Internal Staffing and Resource Allocation

Developing and maintaining an in-house accounting team requires finding, hiring, and retaining skilled accountants. This process can be both time-consuming and costly. Once the team is in place, managing an internal accounting department also necessitates ongoing resources for training, support, and supervision. Moreover, sustaining internal staffing during team member absences or departures can add stress and strain on existing personnel.

In contrast, outsourcing your accounting operations mitigates these challenges. By leveraging an external team of accountants, your current employees can focus on their core roles within the company. Outsourced accounting services come equipped with robust staffing models that ensure consistent service quality regardless of personnel changes or absences. When evaluating the impact of in-house accounting vs outsourcing on internal staffing and resources, consider the implications for your overall business operations and productivity. Outsourcing might just prove to be the most practical approach to managing your accounting needs without distracting resources from your company's primary objectives.

Flexibility and Scalability of Both Accounting Approaches

As businesses grow, their financial needs and operations often evolve, requiring more comprehensive accounting capabilities. In-house teams might struggle with sudden changes in the business's size, transaction volume, or reporting requirements. Handling these shifts internally can demand quick staff augmentation, upgraded financial systems, or even team restructuring.

On the other hand, outsourcing offers a more adaptable approach to cope with changing accounting needs. Outsourced providers can quickly scale up or down their services to meet your business demands without incurring additional costs associated with employee recruitment or system upgrades. Outsourced accountants possess scalable resources, technology, and knowledge designed to accommodate varying needs at different stages in your business's growth. Flexibility and scalability play an influential role in determining whether in-house accounting or outsourcing better suits your organization's present and future requirements.

Data Security and Confidentiality Concerns in Each Model

Dealing with sensitive financial information necessitates addressing data security and confidentiality concerns in both the in-house accounting vs. outsourcing models. In-house accounting benefits from being closer to home, which might intuitively feel more secure. An on-site team operates under your company's security protocol, and you maintain direct oversight over data access. Even so, internal accounting staff might need to be better versed in the latest data security best practices or technology as an outsourced provider specializing in accounting security.

Outsourcing accounting services inevitably raises questions regarding security and confidentiality, considering that you trust a third party to handle your organization's financial data. Nevertheless, reputed accounting service providers prioritize data security, implementing advanced safeguards, encrypted communication channels, and secure storage mechanisms. These providers need to reassure their clients, establishing a trustworthy relationship built on data security and confidentiality. When evaluating your options, examine the security measures they implement and address any concerns as part of the selection process.

Integration of Accounting Systems and Technologies

Maintaining a robust in-house accounting setup demands proper integration and alignment of various software and hardware technologies. This endeavor could be daunting and resource-intensive for businesses, especially those with limited technical knowledge or experience. What's more, there's constant pressure to keep up with the fast pace of technological advancements to maintain efficient and effective financial management.

Outsourcing accounting services can ease this issue significantly. External accounting service providers possess the requisite technical prowess to streamline the integration process, ensuring seamless transitions. They already utilize advanced accounting software and technologies, updated continually to reflect recent innovations and updates. Trusting the integration process can free up valuable time for your business to concentrate on growth-related activities without worrying about technical issues. However, it's crucial to ensure your outsourced provider uses technologies that are compatible with your business requirements and existing systems.

Quality and Reliability of Financial Reporting and Compliance

As evident in corporate stories worldwide, financial mismanagement can lead a company into dangerous waters. It underlines the importance of quality and reliability in financial reporting and compliance in in-house accounting vs. outsourcing disputes. The in-house accounting team could have a better grasp of your business landscape, translating into personalized reports tailored to your needs. However, achieving advanced levels of accuracy and compliance might be overwhelming, and gaps might creep in due to a lack of expertise or time constraints.

Outsourcing aims to resolve these issues. High-quality financial reporting and stringent compliance adherence are hallmarks of a good outsourcing provider. Their teams boast thorough knowledge of standards and regulations, follow systematic processes, and use advanced tools to provide reliable, precise financial information. Besides providing reports, they can advise the business on regulatory adjustments and ensure you're up to date with the industry norms, preventing compliance-related missteps. It's essential to remember, however, that outsourcing works best when you form relationships based on open communication, explicit requirements, and absolute trust, ensuring all your financial reporting and compliance needs are met to your satisfaction.

Call to Action: Experience Plumb’s Expertise in Outsourced Accounting

With Plumb's Outsourced Accounting services, relieving financial management's burden becomes a reality. We provide professional, comprehensive, and tailored financial services that cater to your unique business needs. No more concerns about the scalability of your accounting department; our Outsourced Accounting services adapt seamlessly to your growing business. Reach out to us today to tap into our expertise and propel your success to new heights.

Read more blog posts

Sign up now:

Receive actionable business and accounting insights directly to your inbox.

Submitting this form subscribes you to emails from Plumb. View our privacy policy.