Article by Jaish DeSouza
Businesses often find the maintaining of Accounts and Bookkeeping on a regular basis overwhelming and extremely stressful. The completion of daily financial record keeping, preparation of month-end closing tasks and analysis of monthly financial reports can cause an unnecessary strain on the time, money and other resources critical to the growth and development of a business. The outsourcing of Bookkeeping and Accounting Services to India offers accountants a stress-free solution to their daily, weekly, monthly and yearly Accounting and Bookkeeping needs. All that is required to free you from the task of bookkeeping is a fax line or a connection to the Internet!
India Offers a Wide Range of Bookkeeping Services!Indian Outsourcing Companies provide a customized and flexible approach for all your accounting, taxation and bookkeeping requirements. Listed below are a few of the bookkeeping and accounting services that can be outsourced to India:
General Ledger Bookkeeping ServicesGeneral Ledger Bookkeeping services help in maintaining the accounts that support the items shown in the major financial statements. Maintenance of subsidiary ledgers is also provided to furnish details for the accounts in the general ledger. Service providers make sure that all the above services are completed as per the requirement of the Government policies and IRS regulations. Accounts PayableVarious Accounts Payable services such as the input of vendor invoices to the payable system, reconciliation of vendor statements to the accounts payable ledger, maintaining of vendor master files etc. are provided at a cost competitive rate.Accounts ReceivableIndian service providers have the experience and expertise in a wide range of Accounts Receivable services such as the input of receivable transactions into the accounting system, preparing and mailing of billing as needed by the TAD, recording and accounting for revenue etc.Bank / Credit Card ReconciliationBank/Credit Card Reconciliation is the process of keeping an account of all the money spent and received through bank accounts and credit card transactions which are electronically made. The processing and verification of daily sales and deposit reports are reconciled in order to maintain a transparency of all accounts.PayrollIndian outsourcing companies provide an entire range of payroll services such as scanning and approval of time cards, preparation of employee earnings statements complete with current pay period and year-to-date wages, taxes and adjustments,submission of year-end W-2 forms, reconciliation of health insurance payments etc.Other Bookkeeping ServicesVarious other customised bookkeeping services are also offered to the client at a nominal price. They include:
– Manual journal entries – General accounting – Daily sales and cash receipt – Customer order processing – Invoicing – Project accounting – Virtual accountant – Ageing analysis – Fixed assets accounting and depreciation – Monthly financial analysis and reports
India Offers Multiple Benefits that can Increase your Profits!The outsourcing of Accounting and Bookkeeping Services to India is extremely advantageous since you get to: Save more than 50% of your operating costs by reducing salaries and supervision time.Gain greater efficiency by using certified, trained and dedicated full-time virtual accountants.Use the accounting software of your choice. QuickBooks, Peachtree, Creative Solutions, Quicken, NetSuite, Master Builder, Business Works, TimberLine, Sage Line50, MAS90, Simply Accounting, MyOB, Microsoft Great Plains, Oracle Financials 11i etc. are all used by outsourcing providers.Pay only for the services you use since there is no minimum payment or other service charges.Cancel your service at any time. Outsourcing providers provide 100% money-back guarantee if you are not satisfied with the service.Supervise data security through state-of-the-art network security devices, signing of non-disclosure agreements and secure VPN devices.Gain access to an easy facilitation of data transfer through Server Based (FTP)
Bookkeeping Process, Remote Access Bookkeeping Process or Application Service Provider (ASP) Bookkeeping Process.Bookkeeping has never been so easy or hassle free. With high quality and error free services provided at cost competitive prices clients outsourcing their Accounting and Bookkeeping Services can now focus their added time and monitory resources on other strategic and core business areas.
Flatworld Solutions (www.flatworldsolutions.com) is headquartered in Bangalore – Silicon Valley of India – famous the world over for being the hub of business offshore outsourcing process (bpo).
Lets Learn Bookkeeping with Jeanne Berry – www.letslearnbookkeeping.com
Thank you. I’ve decided to study book keeping/accounting for about 2 years now.
Love to work with numbers. Thank you. I’ll be back.