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Accounting teams in businesses are bearing a considerable workload, including meeting tight deadlines, navigating complex compliance regulations, and producing accurate reports for informed strategic decision-making. It has been observed that accounting teams are struggling under this overwhelming workload, and we have data to support that. According to the Chartered Association of British Accountants (CABA), 46% of chartered accountants report excessive workloads, and with HMRC regulations constantly being updated and enforced, the situation is expected to worsen.
Such pressure has begun to take a toll on the productivity, accuracy, morale, and business performance of in-house accounting teams. However, this situation can be avoided if you decide to partner with an experienced accounting outsourcing provider, who will help you reduce the pressure on your staff without disrupting continuity.
We know that accounting teams employed by businesses across the UK are facing immense difficulties in performing their accounting duties, which has led to a drop in productivity, compliance, and quality. The reason behind this drop is the multitude of challenges that have recently arisen and become roadblocks in the way of their duties. We have identified some significant challenges, which we will elaborate on below:
Many businesses take day-to-day accounting tasks lightly and find them easy to accomplish. However, in reality, these tasks come in huge volumes, consuming a considerable amount of time of your accounting team. With maximum time spent on managing just the day-to-day routine accounting tasks, your team will have less time for strategic work and value-adding tasks like customer services and client acquisitions.
In an accountant’s professional life, a busy period arises due to specific responsibilities, such as year-end, VAT return deadlines, or payroll peaks (P11D, P60, P45). These responsibilities often stretch resources to the limits, leading to errors in filings, late filings or even worse, rushed submissions.
As your business grows, you will face more complex financial challenges. Handling these complex financial responsibilities requires the ability to scale up your services in terms of personnel, tools, experience, and infrastructure, which you may struggle with.
Ask any business owner in the UK, and they will tell you that they face a significant issue in finding the right talent to handle their accounts. That’s because skilled accounting professionals are in short supply. Even if you hire the right talent, there is an increased risk of them becoming burned out or stressed due to the increased volume of complex accounting responsibilities.
These days, accountants are not expected to perform just basic number crunching but rather to take on more specialised responsibilities, such as cash flow forecasting, audit support, or cross-border compliance. Additionally, they must fulfil their core functions. This lack of specialised expertise among in-house accounting teams restricts your business growth.
As workload pressures mount and the UK financial landscape becomes increasingly complex, many UK businesses are re-evaluating how their accounting functions operate. Among the multiple solutions that have emerged to alleviate the problems faced by in-house accounting teams, outsourcing has proven to be a durable solution.
Outsourcing is not a shortcut; it is a solution that creates capacity, increases accuracy, and enables your accounting team to focus on their core responsibilities. Whether your goal is to reduce your turnaround time, get access to a specialist, or reduce the pressure on your accounting team, partnering with an outsourcing partner will help you achieve your tailored business needs.
Let’s know more about how outsourcing will benefit your business:
Outsourcing has been a boon for in-house accounting teams when it comes to taking over time-consuming yet essential accounting responsibilities such as data entry, bank reconciliations, accounts payable/receivable, and ledger maintenance. This frees up your internal team for analysis, planning, and advisory roles.
Seasonal peaks will increase the workload on your accounting teams. Without outsourcing, you will have no other option but to enlarge your team through long-term hiring, placing an additional burden on your finances. You can avoid this by outsourcing, helping your business and accounting teams remain agile even during an intense workload.
Most professional outsourcing accounting service providers make considerable investments in creating teams of accounting professionals and in buying the latest accounting tools like Xero, QuickBooks, and Sage so that you don’t have to invest in them. When experienced talent is combined with the latest accounting tools, you can achieve high-quality output without incurring significant investment.
Instead of investing in expanding your team to handle additional workload, you can outsource the work to a trusted outsourcing partner. It is a cost-efficient way to expand your capabilities, resulting in a faster turnaround time and improved accuracy.
When you outsource accounting work to a professional service partner, you will enjoy their specialist knowledge and awareness of the latest UK accounting standards and regulations. Such knowledge will help your business avoid costly mistakes in compliance, such as reporting, tax filings, submissions, and reconciliations.
When you remove additional work pressure, which often includes manual and complicated accounting work, from you existing staff it automatically spares them time to work on other important and value-added tasks. This way, you are improving your accountant’s job satisfaction and reducing employee turnover.
Relieving the pressure on your internal accounting team isn’t about replacing them; it’s about supporting them. When you collaborate with the right outsourcing partner, you give your team room to breathe, space to focus, and tools to succeed.
At E2E Accounting, we work alongside in-house teams across the UK to deliver flexible, reliable support, whether it’s bookkeeping, reporting, or deadline-driven compliance work. Our hybrid approach ensures your core team stays in control while we handle the heavy lifting in the background.
If your accounting team is feeling the strain, it might be time to explore how an outsourcing partner can help lighten the load without compromising on quality, compliance, or control. Are you interested in knowing more about our services? Then, please share your details and concerns using our contact form, and our executive will be in touch with you soon.
The E2E Accounting team combines expert accountants, legal specialists, and industry advisors to provide valuable insights into finance and compliance. With hands-on experience, we create content that informs, educates, and empowers business owners. From financial strategies to legal updates, our content serves as a reliable guide, ensuring accuracy, clarity, and a deep understanding of business challenges.