Bookkeeping and Payroll are by far the most common ‘back office’ functions for all businesses in 2022. Accountants are now more essential than ever. Supporting this notion, Small Business Report Accounting revealed that 60% of UK small business owners feel that they do not have enough knowledge on finance and bookkeeping. With the demand for accountants at an all-time high, more accountancy firms are turning to co-sourcing.
Recognising this problem, we combined UK’s leading outsourcing provider, Causeway Connect, and Cardiff’s top accountancy firm, Llama Accounting, to create Totus. We at Totus understand the value of partnership, expertise and the need to grow and scale. With 30 years combined experience, we pride ourselves on our talent acquisition and exceptional service.
What is co-sourcing?
Co-sourcing is a partnership, allowing you to supplement your team with external resources, alleviating workload and providing additional resources, experience and skills.
Co-sourcing your accountancy practice expands your talent pool, providing your firm with a committed team of accountants at a fraction of UK costs. It is the most flexible way to grow and scale your practice in 2022. Your current in-house team members can be involved in all processes, ensuring performance is aligned with short and long-term company goals.
To improve operational efficiency for your accountancy firm in 2022, co-sourcing really is a no-brainer. It reduces the risk of making a costly financial mistake or choosing a bad hire. Co-sourcing with Totus Finance provides you with access to top talent that might otherwise be out of reach.
Depending on your needs, Totus can help your accountancy firm co-source a large team of experienced bookkeepers or an individual. Save time on hiring, developing and managing an internal team of accountants with Totus Finance.
By co-sourcing with Totus, UK accountancy practices save up to 40% of UK costs on employee-related expenses, such as National Insurance and pension contributions, benefits and training. Totus also saves business owners on overheads, as we provide software, hardware, office space and supplies, all included your contract at no extra cost.
Interested in taking the leap? Get in touch with us today for a free, no obligation chat.
