Agency accounting and financial outsourcing of the same thing, both of which are financial services as standard service behavior, service providers are professional, qualified financial company.
There are three main differences between the two:
First, the effect of service is different. The service cost of acting as a bookkeeping agent will be less than the amount of wages and related expenses required by the enterprise to hire a financial officer. Financial outsourcing not only saves such costs, but also reduces the potential service costs and improves performance. As a professional financial service outsourcing can provide all kinds of tax planning proposals for enterprises to reduce corporate taxes; some of the tools and financial outsourcing will introduce management accounting, these tools will provide reliable data analysis and scientific decision-making for the enterprise.
Second, the demand side of the service is different. The service demand for agency bookkeeping is mostly for enterprises that do not have accounting and accounting personnel. This is particularly common among many small and medium-sized enterprises. The demand side of financial outsourcing is more extensive, including not only the establishment of accounting institutions and accounting personnel of SMEs, but also large enterprises, and even multinational companies.
Third, the service connotation is different. The service demand of agency accounting is mostly for the enterprises that do not have the establishment of accounting institutions and accountants. Therefore, the service content of agency bookkeeping is the overall financial treatment of the demand side. The service connotation of financial outsourcing can not only be comprehensive finance, but also be one or several financial module outsourcing, and related financial analysis and other functions.