On average, business owners dedicate approximately 20% of their time to managing financial administrative tasks, which often do not directly contribute to business growth and value. Outsourcing these functions allows you to allocate more time to expand and enhance your business. Moreover, reviewing financial data from a broad perspective, akin to a “helicopter view,” is essential. Getting bogged down in the minutiae of ensuring data accuracy and timeliness can hinder your ability to analyse data effectively for making strategic business decisions. Using the services of online accountants, with their suite of software and cloud-based technologies, can be advantageous for your business.