1. Outsourcing accounting: What does it actually mean?
Outsourcing your accounting means handing over all or part of your financial accounting to an external fiduciary partner such as Qovera. This includes tasks like processing receipts, posting transactions, preparing VAT returns, completing the annual financial statements, handling payroll, providing tax advisory services and preparing tax returns.
Depending on the mandate, the collaboration may also include additional services such as financial planning and budgeting, support during audits and inspections, or preparing interim financial statements.
2. Why outsourcing your accounting is worth it
Outsourcing your accounting offers numerous advantages for your business:
- Time savings: By handing over administrative accounting tasks, you gain valuable time and can refocus on your core business.
- Professional expertise: A fiduciary partner understands legal requirements and ensures accurate, compliant and timely bookkeeping and financial statements. A partner like Qovera also brings strategic financial expertise that helps drive your business forward.
- No need to build internal resources: When outsourcing accounting, you don’t need to hire or train staff. This saves both personnel costs and the time required for recruiting and onboarding.
- Risk reduction: Handling accounting internally often leads to errors due to lack of experience. A fiduciary ensures accurate postings, on-time submissions and complete documentation—giving you optimal protection during audits or tax inspections.
- Strategic added value: A partner like Qovera goes beyond bookkeeping: providing insights into key metrics, supporting budgeting and financial planning, and identifying financial trends early.
- Tax savings: With professional bookkeeping, you can take full advantage of all legally permitted tax optimisation opportunities. An experienced fiduciary knows current deductions and allowances and ensures you never pay more tax than necessary.
- Flexibility: Outsourcing can be tailored to your company’s size and phase. You decide which areas to outsource - whether only the tax return and annual accounts or your entire accounting. As your business grows, the service scope can easily expand without building new internal resources.
3. Which accounting tasks can I outsource?
When outsourcing your accounting, you decide which tasks you want to hand over. Many companies start with individual areas and gradually expand the mandate over time.
You can outsource the following areas to a fiduciary partner:
- Ongoing financial accounting
- VAT returns
- Interim and annual financial statements
- Payroll accounting and HR administration
- Tax returns and tax advisory
- Financial planning and budgeting
Good to know:
With Qovera, you have a fiduciary partner who covers all areas of your financial management — from accounting and taxes to legal and strategic matters. This gives you the benefit of comprehensive, all-in-one support.
4. Outsourcing accounting: Your options
How much of your accounting you outsource depends on your internal resources and your goals. In general, there are two proven models: full outsourcing and partial outsourcing.
Fully outsourcing your accounting
With full outsourcing, the fiduciary handles all tasks — from ongoing bookkeeping to VAT returns, annual financial statements and tax returns.
This model is ideal for companies that want to focus entirely on their core business and do not want to build internal accounting resources.
Partially outsourcing your accounting
With partial outsourcing, only selected tasks are handed over to the fiduciary, for example, preparing the annual financial statements. Other areas remain in-house, such as preparing payroll or posting incoming and outgoing invoices.
At Qovera, we additionally support companies following this model by providing guidance, templates and review of booked transactions.
5. When does outsourcing your accounting really pay off?
The point at which outsourcing becomes worthwhile depends heavily on your company’s situation. For many businesses, the right moment is when administrative tasks start consuming too much time or when internal expertise reaches its limits.
Typical scenarios in which outsourcing accounting makes sense:
- Business growth: Your company is growing, the number of transactions increases, and the demands on reporting and planning rise.
- Lack of internal resources: You don’t have a qualified accounting professional available, or your existing team is already at capacity. Outsourcing provides immediate relief without the need to hire new staff.
- Team changes or absences: A long-standing bookkeeper retires or is absent for an extended period, and finding a replacement is difficult. This is where a fiduciary steps in to take over accounting tasks seamlessly.
- Increasing requirements: As your business grows and new regulatory obligations arise (e.g. VAT registration), the complexity of accounting increases. A fiduciary ensures that all filings and financial statements remain accurate and compliant.
In general, it is advisable to involve a fiduciary as early as the company formation stage. This ensures that your accounting is set up correctly from the very beginning.
6. How much does it cost to outsource accounting in Switzerland?
The cost of outsourcing your accounting depends on the scope of services, the size of your business and the complexity of your financial processes. In many cases, an external solution is more cost-effective than an internal one, as fixed costs for staff, software and training are eliminated.
Typical cost factors include:
- Number of monthly receipts
- Number of employees
- Complexity of the accounting (e.g. VAT, multiple locations)
- Additional services such as tax advisory or financial planning
Want exact figures? Then send us an inquiry and get to know Qovera. We’ll contact you shortly and provide you with a non-binding offer for outsourcing your accounting.
7. Outsourcing your accounting to Qovera: This is how simple it is
Outsourcing your accounting doesn’t have to be a big step. Qovera handles the entire process for you - from analysing your current workflows to providing ongoing support.
- Free initial consultation and customised offer: In an initial meeting, we get to know your business and show you how we can support you best. Afterwards, you receive a tailored offer.
- Start of the collaboration: Once the contract is signed, we set up your accounting system and ensure everything is ready to go within a short time.
- Ongoing support: We take care of all accounting tasks during day-to-day operations - from VAT returnsto the annual financial statements.
Why wait? With Qovera, you don’t just outsource your accounting. You gain a partner who supports you across all financial, tax and strategic matters. Submit your inquiry now.
