Concepts
	DO WHAT YOU DO THE BEST AND OUTSOURCE THE REST!
	Outsourcing is a process whereby an organization transfers the undertaking of a business process to an outside service provider. Strategic control remains with the main company while procedural control (i.e. the day-to-day function) is completed by the service provider. Outsourcing isn't really a new idea, but the kind of outsourcing implementation many forward-thinking companies use today involves a new paradigm for business. It is made possible by the application of technology together with business acumen.
	In today's marketplace, increased automation, virtual marketplaces and a growing scarcity of highly skilled employees have driven businesses to explore new processes to outsource. One of the most logical of these is the accounting function. Accounting requires standard procedures and exacting attention to detail. It also is one of the most important functions of a business from an information standpoint. For any company, having a steady stream of accurate, meaningful accounting information allows management to build the company and become successful. However, the accounting function itself is repetitive and requires expert accountants and systems to provide such useful information to management. In the past, for a business to have truly meaningful and timely accounting information, the company had to create its own, costly and elaborate in-house accounting system.
	Even for CPAs, it makes sense to outsource routine accounting and use the scarce and highly paid staff for other 'value add' jobs. This way the fees to client remain in control, giving substantial contribution to CPAs since the lower end job of accounting gets done at a much economical rate.
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