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There are advantages to letting a third-party company take care of certain areas of the business such as accounting, payroll, and human resources; most notable of which is the ability to focus one’s attention towards improving core business processes. This effect is most evident in small to medium-scale enterprises, where business owners are free to focus on running the business while they let a third-party firm take care of all accounting and payroll concerns. If you want to know more about the specific accounting processes commonly outsourced to third-party firms there are a few examples that you can read about here.
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