Bookkeeping services are one of the potential growth areas in the field of outsourcing.
There is lot of promise in this field as the costs of these services are high in the Western countries and India offers a cost-effective and reliable destination for outsourcing of bookkeeping services.
Bookkeeping services form part of the financial services outsourcing that we are covering in this blog. This area of outsourcing goes beyond the "bread and butter" fields like transaction processing.
This can be categorized under the high end services that Indian companies are trying to capture.
There are several good reasons for outsourcing bookkeeping services to India
- The pool of accountants and commerce graduates that India has is among the highest in the world.
- A majority of them are fluent in English and attuned to global accounting standards
- A point to be made is that accounting standards like GAAP are also being handled by many Indian companies.
There are several benefits that accrue out of outsourcing bookkeeping services
- You can save on your costs that are incurred by hiring otherwise expensive accountants
- You can concentrate on growing your business instead of spending time and energy on hiring and training bookkeeping staff
- Access to world class bookkeeping services "on-demand" and round the clock
- Secure and safe method of data transmission that takes care of your privacy issues
You can add to the list as well. If you think you have some suggestions in the area of bookkeeping outsourcing, do leave us a comment here.
