Outsource Bookkeeping Services to India

Author: Vinita Samuel

Do you find your organization struggling with the daunting task of bookkeeping? Does your organization have pending accounting or bookkeeping work? Do you want your organization to concentrate on core business functions without wasting time on bookkeeping? If you find yourself answering yes to the following questions, consider Outsourcing Accounting Services. By outsourcing, your organization will be free to concentrate on core business functions and you can stay assured that your accounting needs will be met on time. Your organization can find many outsourcing providers in India who can meet your accounting requirements.

India, a pioneer in providing accounting services, has the skill, competency and expertise to provide a wide range of accounting services. Providers in India also employ the best in infrastructure, technology and software to ensure that they provide customers with accurate services within a fast turnaround time. When you outsource bookkeeping, you can be assured that your accounting, bookkeeping and tax preparation requirements will be met accurately. Outsource Bookkeeping services to India and get access to professional, proficient, expert and skilled accounting services.

Make Your Business a Success with Efficient Bookkeeping

Accurate bookkeeping is essential for any business, be it a large or small organization. Bookkeeping can help your organization keep a track of all your organizations' transactions and finances on a regular basis. Efficient bookkeeping services are important, if you want to turn your business into a success. Outsourcing bookkeeping services to service providers in India can help you understand if your business is making money, if your organization has strong finances, if your expenditures are more than your sales, if your expenses are high, if you are spending too much money on something etc. With answers to all these puzzling questions, your organizations can take better business decisions and increase profits.

Outsource bookkeeping services to India and get assistance in budgeting, in preparing income tax returns, in preparing balance sheets, in obtaining other sources of your organization's capital, in complying with tax rules, in distributing profits, in preparing income statements, in submitting sales taxes, in evaluating financial consequences, in monitoring the failure/success of your company, in preparing financial statements and in submitting sales taxes amongst others.

The Bookkeeping Services & Accounting Services that India Offers

Outsource bookkeeping services to India and get access to accurate, efficient and reliable bookkeeping services within a fast turnaround time. India offers the following bookkeeping services:

• General ledger services
• Assets/Equipments ledger services
• Accounting system design services
• Entry of transactions services
• Depreciation schedules services
• General accounting services
• Tax return preparation services
• Sales tax services
• VAT services
• Asset accounting management services
• Records management services
• Amortization schedules services
• Accounts payable services
• Accounts receivable services
• Ageing report and summaries
• Journal entry services
• MIS report services
• Bank account reconciliation services
• Credit card reconciliation services
• Cash application services
• Cash flow statement services
• Financial reporting services
• Cash disbursement services
• Credit and collection services
• Financial accounting services
• Asset accounting management services
• Ratio analysis service
• Payroll services
• Financial analysis services
• Quickbooks Setup services
• Budgeting services
• Balance sheet services
• Income statement services
• Financial statement preparation services
• Trial balance services

India Uses the Latest Bookkeeping Software

The outsourcing providers in India use best-of-breed bookkeeping software to ensure that customers get accurate accounting services within a fast turnaround time. In accounting services, using the best suited software is important in ensuring quality. Different countries and different companies employ the use of different bookkeeping software. When you outsource accounting services to India, your outsourcing provider will use the bookkeeping software that you employ. Companies providing bookkeeping services in India are well-versed with all the latest bookkeeping software and can use any bookkeeping software that you suggest.

The Quickbooks bookkeeping software is the most widely used software and if you want an organization that uses Quickbooks software, you can find numerous Indian outsourcing providers who use the Quickbooks software. The Quickbooks software can help you to easily manage all your accounting requirements. The Quickbooks software can be used to prepare invoices, prepare financial statements, send invoices, track expenses and track inventory levels amongst others. Your India provider can provide your organization with efficient services by using the Quickbooks bookkeeping software.

Benefits of Outsourcing Bookkeeping Services to India

• Cost-effective accounting services

• Best-of-breed infrastructure and technology

• Proficiency in a wide range of bookkeeping software

• Wide range of bookkeeping services

• Experienced, skilled and trained accounting workforce

• Quick turnaround time

Outsource Bookkeeping Services to India and give your organization a competitive advantage.

About the Author:

Vinita Samuel is working as a Web Content Writer for Outsource2india. Outsource2india provides Outsourcing Services and Solutions, Financial Services, Insurance Services, Business and Knowledge Process Outsourcing, Bookkeeping Service, Tax Preparation Service, Financial Analysis, Data Management services, Call Center Services, Healthcare Services, Engineering Services, Software Services, Digital Image Editing Services, Research & Analysis Services, Creative Services, Web Analytics Services, etc.

Article Source: Ezinearticles

Bookkeeping Services Must be Perfect to be Successful

Author: Michelle Barkley

Bookkeeping is a name given to the task that is undertaken to maintain records of the transactions that are done on a daily basis. Any type of business, whether it is large scale, medium scale or small scale, will not be successful if small things like bookkeeping records are not maintained properly. All these may appear to be small and trivial to some people, but business owners know that this is an important aspect of their business and must be handled carefully by experts. Bookkeeping services provided by several firms can help business to run smoothly by taking care of all their bookkeeping works.

Bookkeeping is one aspect of the business that is really time consuming and difficult to handle. However, this needs to be taken care of and that too very well. In fact, bookkeeping is the source through which one can come to know about the exact position of the business. Bookkeeping services are of two types. First is manual bookkeeping and second is computerized bookkeeping. If you run a small business, then you can manage your business through manual bookkeeping. However if you have a medium sized or large business undertaking, opting for computerized bookkeeping will be ideal for you to handle your business.

Through bookkeeping services, you can maintain any finance related thing of your business properly. You must keep a record of all the income and expenditure related to your business. All these records will be vital for maintaining the bookkeeping of your business properly. Make sure that you have updated records about all that is going on in your business. To maintain all your records properly, you must hire bookkeeping services from the best companies that provide the service.

It is advisable to opt for computerized bookkeeping services due to the several advantages it has. Even if you run a small scale business, in the long run it will be helpful for your business if you have computerized bookkeeping services. There is certain software available in the market which can make this entire process of bookkeeping very easy to maintain. The software is customized for all types of businesses like small, big and medium scaled business. You can get software that will suit your business needs perfectly. If you hire bookkeeping services from a good company, you can handle the financial aspect of your business with ease.

Outsourcing bookkeeping services is a widely used option by several business houses to manage their records and also to cut costs. You can reduce the overhead cost of your company through outsourcing. Other then companies that provide bookkeeping services, you can also find several freelancers who do the work. By outsourcing bookkeeping services, you not only reduce costs but also free up the staff of your organization. You can make use of these resources to focus on other core sectors of your business. You will make a very wise choice for the progress of your business if you outsource bookkeeping services from any source. Through outsourcing bookkeeping service you will not compromise on the quality of work as well.

About the Author:

Michelle Barkley is a CPA working for Ifrworld.She specializes in Bookkeeping outsourcing, Finance accounting outsourcing and Tax Returns Online.To know more about Accounting outsourcing services and to use the services visit www.ifrworld.com

Article Source: Articlesbase

Benefits Of Outsourcing Accounts Payable (AP) In Small Business

Author: Debamalya Chowdhury

Accounts payable along with Accounts receivable is an important process in financial accounting, the first being a liability and the second a liquid asset. . Proper management of accounts payable and accounts receivable ensures the proper inflow and out-flow of cash. In other words the cash flow depends on the skillful management of these two. The companies have found managing this particular task a crucial but a time consuming process.

Accounts Payable In-house

In the present day the accounts payable department started doing more tasks like checking and approving of invoices and bills for all types of payments. It is a challenging task for small businesses where the invoices mount in number daily, keeping track of them, even with the latest innovations in accounting software, it has become a difficult task. This occurs because the small business owners have varied responsibilities and establishing a separate department may have to incur huge expenses and it also delays in execution and duplication of work. Also small businesses may not need to have an entire department dedicated to accounts payable and they may need it only during their accounts payable time. In these situations it is more economical for small businesses to outsource their accounts payable work.

Outsourcing Accounts Payable

Outsourcing accounts payable may enable the managers to concentrate better on their regular work. On many an occasion it is reported that the manger’s valuable time is consumed in overseeing the regular administrative work. Next the HR may have to find the right people with the right qualifications and skills to manage such work. The infrastructure required to run such a department may have to be established. Many small businesses have realized the various benefits of outsourcing and have gone for small business accounts payable outsourcing. When small businesses outsource their accounts payable, they get relieved of the burden of doing the non-core works or oft repeated tasks.

For small businesses any lapse in accounts payable may end up in a loss. The losses may occur through penalties for delayed payments, loss of discounts offered for timely payment, and loss of goodwill. Accounts payable is accounts receivable to another company. Only when these two accounts are carefully managed the cash flow can be healthy. So companies allow discounts as incentives, when they get payment on time but collect penal sums when they are in default.

Following are some of the benefits of small business accounts payable outsourcing:

1. Paying the invoices on the due date as per the company’s policies.

2. See to the accuracy and the authenticity of the invoices that fall due and make a one to one co- relation of checks issued and invoices that receive payment.

3. Monthly, quarterly, half-yearly and annual reports are easily made available.

4. Tax related work is done without loss of man-hours at the company level and they all get ready on time for the CPA perusal.

5. Compliance to Sox is automatically carried out.

6. New improvements are incorporated immediately.

7. The company can demand the best service at the lowest cost from the provider.

8. When outsourced to India or other countries the cost of maintaining such accounts is much less compared to huge expenditure and capital needed for in-house department.

9. Any reference to any particular account can be assessed immediately and action taken.

10.Need for continuous training of personnel is avoided.

11. The expenditure connected to the provider will remain constant for a particular period of time since it of contractual nature.

12. The managers or CEOs of small business will have a clear picture of their liabilities and the nature of cash flow since the provider and details keep the account payable picture up-to-date are readily made available.

13. The managers or CEOs of small business can plan future plan-outlays with certainty.

Small business accounts payable outsourcings have some risk

Outsourcing financial accounts payable even by small businesses has come to stay. Hence it is imperative to be aware of the risks involved in outsourcing any or all the accounts payable processes to an outside service provider. The understanding of the outsource service provider of the needs of the clients and the provider’s quality of service may affect the performance of the small business. Other factors like the legal implications; the company has to take on the responsibilities for all acts-inclusive that of the outsource provider. Combined with this the lack of knowledge of the modern developments in accounts payable processes on the part of the provider may add to the problems to the small businesses. The loss of control is another risk that are faced by the small businesses. The outsource provider gets the information about the small businesses suppliers, cost, terms and conditions etc., this may be vital information for competitors.

By carefully doing their due diligence in selecting the outsource provider small businesses can completely avoid all the risks associated with the accounts payable outsourcing and at the end they will gain all the benefits of accounts payable outsourcing.

Article Source: Ezinearticles