Founded by Chris Robinson, an ex-KPMG, Chartered accountant, QX Accounting Services (QXAS) Ltd provides a cost-effective outsourced finance, accounts, and payroll service to accountancy firms in the UK.
Through its US subsidiary, QX Accounting Services Inc, we also work with CPAs, CAs and Enrolled Agents (EAs) in the US to help them achieve better practice performance.
We are accredited to both the ICAEW (Institute of Chartered Accountants in England and Wales) and the ACCA (Association of Chartered Certified Accountants).
Why outsource accounting and payroll?
Our outsourcing services are an efficient and alternative means for our clients to complete their routine bookkeeping, accounting and payroll work without increasing overheads that come in the form of recruiting and training specialist staff, buying and maintaining systems and software, and dealing with complex government legislation.
Who do we serve?
Top 250 firms, ICAEW and ACCA member firms of all sizes, sole-proprietors, contractor accountants, tax accountants, American CPAs, CAs and Enrolled Agents – everyone who wants to generate new business or better manage their existing business without huge upfront investment.
So whether it’s a large accountancy practice looking to gain access to scarce skills, or a sole-proprietor wary about recruiting staff, a small practice that needs support during periods of understaffing or even a struggling practice looking to increase savings, QX helps transform the way accountants operate their accounting departments.
How does it help?
Outsourcing accounting and payroll functions costs roughly half of what it does when processed in-house.
Growth without overheads:
Outsourcing allows firms to take on more clients without moving into larger facilities, adding computers and staff, plus firms can avoid hidden costs that come in the form of taxes, holidays, sickness and benefits.
Low-margin, high input work:
Handing over low margin compliance work helps clients focus on the higher-profit, more interesting work such as business advice.
With India anything from 10½ to 13½ hours ahead of American time zones and 5½ hours ahead of the UK, work sent overnight can be returned the next morning – extremely valuable from a work planning perspective and for your client relations.
Outsourcing allows clients to address the complexities of HMRC and the raft of associated legislation; and in the US, the Companies Bill and Sarbanes–Oxley Act of 2002 which requires increased timeliness, accuracy, integrity and transparency of financial information.