Outsource Bookkeeping Services : Try and Simplify
Outsourcing bookkeeping services to India has become a strategic move for businesses, especially small and medium enterprises. Simplify Account, a leading provider of offshore solutions, offers a range of outsource bookkeeping and financial accounting services in India. This article explores the key aspects of outsourcing bookkeeping to India and the advantages it brings to businesses.
Why Outsource Bookkeeping to India?
Outsourcing bookkeeping services to India provides significant benefits, including substantial cost savings of up to 60%. This approach allows businesses to streamline their operations, focus on core activities, and access professional bookkeeping services at a fraction of the cost. The advantages extend to complete financial management, from bookkeeping to tax returns, debtor management with the added benefit of round-the-clock access to accounts.
Bookkeeping Services Available for Outsourcing
Various bookkeeping services can be effectively outsourced to India. These include invoice generation, tracking accounts receivables, generating accounts receivable reports, tracking accounts payable, trial balances, P&L accounts, general ledger maintenance, payroll processing, and compilation of tax returns. Indian outsourcing providers excel in all segments of bookkeeping, offering comprehensive solutions tailored to business needs.
Software Used in India to Outsource Bookkeeping
Indian outsourcing providers leverage the latest bookkeeping software available in the market. The list includes popular tools such as QuickBooks, Xero, Quicken, Peachtree, Net Suite, Intuit’s ProSeries, Intuit’s Lacerte, Zoho, MYOB, and more. QuickBooks, in particular, stands out for its seamless upgradability, no legacy issues, and 24X7 audit trail, making it an ideal choice for efficient and profitable bookkeeping services.
Security and Confidentiality
Addressing security concerns, when outsourcing bookkeeping services to India, businesses retain complete control over permission and access levels. The QuickBooks Online Edition ensures foolproof secure encryption, encoding all transactions. Indian bookkeeping service providers implement high-level security systems, restricting access to authorized personnel. Most servers are located outside India to further enhance data security.
Q1: What specific bookkeeping services can be outsourced to India?
A1: Businesses can outsource a range of services, including invoice generation, accounts receivables tracking, payroll processing, and tax returns compilation, among others.
Q2: Which bookkeeping software is commonly used in India?
A2: Indian outsourcing providers are proficient in using various software, including Xero, QuickBooks, Quicken, Peachtree, Net Suite, Intuit’s ProSeries, Intuit’s Lacerte, and MYOB.
Q3: How is data security ensured when outsourcing bookkeeping services to India?
A3: Businesses retain control over permission levels, and the QuickBooks Online Edition ensures secure encryption. Indian service providers implement high-level security measures, with servers often located outside India.