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Our D2C brand is experiencing rapid growth — what challenges should I anticipate when transitioning accounting to an outsourced solution?
Frequently Asked Questions
Outsourced Accounting Services
Our D2C brand is experiencing rapid growth — what challenges should I anticipate when transitioning accounting to an outsourced solution?
Generally, it has been observed that the transition may expose inconsistencies in:
a) Historical records
b) Inventory valuation
c) Customer refunds
d) Payment reconciliation, and
e) Financial reporting processes
To avoid these issues, D2C companies may require “process redesign” before automation begins. Realize that a phased implementation with documented controls and parallel testing can maintain high standards of reporting accuracy during the transition period.