Why Outsource Bookkeeping and Accounting Services to India?

Research has shown that nearly 35% of America's largest businesses outsource their bookkeeping and accounting to India. Listed below are the most common reasons as to why companies prefer outsourcing to hiring an in-house bookkeeper:

The Cost Factor: Businesses outsourcing their bookkeeping services gain an overall saving of up to 50%. Companies outsourcing save on employee salary and benefits, overheads, hiring and training costs and other management expenses.

High Quality Bookkeeping: Outsourcing companies maintain superior quality by employing only qualified and trained accountants, CPA’s and MBA’s. They are specifically trained in bookkeeping and are conversant with the latest guidelines and pronouncements on the US GAAP, IAS and SEC regulations.

Fast Turnaround Time: The time zone advantage enables a continuous work cycle. This enables the service provider to work on the books during the same night and upload them onto a server or send them to the client via email by the next morning.

Use of the Latest Software: Online bookkeeping services use the latest software like MYOB and SAGE, QuickBooks (all versions), Quicken, Peachtree, Intuit ProSeries, Intuit Lacerte, Net Suite, Creative Solutions Accounting, Master Builder, Business Works etc., while working on your accounts.

Ability to Concentrate on Core Competencies: By off-loading a non-core function like bookkeeping to India, businesses are able to turn a cost center into a profit center. This leaves them with more time and resources to focus on other core business areas.

Assured Data Security: All service providers sign security statements and service agreements assuring data privacy. Outsourcing companies also own secure FTP networks which assure the client of complete data security.

Service Package Options: Clients can choose to use either one of the three bookkeeping processes, namely, Server Based (FTP) Bookkeeping Process, Remote Access Bookkeeping Process or Application Service Provider (ASP) Bookkeeping Process.

99.99% Accuracy Rate: Indian service providers employ stringent quality checks which assure you of an accuracy rate of 99.99%.

With most of the successful businesses moving on to online bookkeeping, clients outsourcing their bookkeeping services to India stand to gain immensely by reducing their operating costs and focusing their resources on other core competencies.