Accounting outsourcing:processes and procedures

This thesis deals with the outsourcing of accounting and focuses on the processes and procedures within the relationship between the client and the outsourcer as well as on employee relations within the outsourcer. Due to the current difficult economic situation interest in outsourcing has decreased and clients try to pressure providers to reduce prices; thus the outsourcer must still do more to keep existing clients and attract new ones. The only way to withstand any pressure to reduce contract prices is to explore possibilities for effective co-operation and efficient order processing. The outsourcer can especially work on the efficiency of employees, because the employment relationship itself places resources to demand efficiency in the hands of the employer. The main objective of the thesis was to show the processes and procedures for exacting clients and to propose ways for the streamlining of these processes and procedures. Procedures and processes between outsourcer and client and procedures and processes within the outsourcer are shown on examples from three companies. On the basis of already existing processes and procedures options to streamline these activities which will lead to greater profitability of outsourcer's procurements are proposed. In the preparation of this thesis methods of observation, comparison and synthesis were used.