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outsourcing

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Sending work to another organization instead of processing the work in-house. Often payroll is outsourced to a company that specializes in payroll processing.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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