Bookkeeping forms an integral part of any business and every year a huge amount of time, money and resources are spent on day to day bookkeeping, accounting and tax preparation. Indian outsourcing companies offer their Bookkeeping Services to all Certified Public Accountants and to the accounting departments of both small and medium business entities and companies. By outsourcing their bookkeeping services to India, businesses stand to gain in areas such as improving their company focus and enhancing their flexibility to respond to key business issues.

The latest in bookkeeping software such as QuickBooks (all versions), Quicken, MYOB, SAGE, Creative Solutions Accounting, Peachtree, Intuit ProSeries, Intuit Lacerte, Net Suite etc. are used as per the specific need and choice of the client. Outsourcing companies in India employ highly trained and qualified employees who are well versed in using all of the above mentioned bookkeeping and Accounting Services  software.

Outsourcing companies offer bookkeeping services as a specific single service or as a bookkeeping package. All services are tailor made and can be customized to suit the varied needs of the client. A few of the different bookkeeping services that are offered by Indian outsourcing companies include

·         General bookkeeping

·         Accounts reconciliation

·         Financial statements preparation

·         Inventory recording analysis

·         Tax processing

·         Cash flow statement

·         Entry of transactions

·         Journal entry

·         Assets /Equipment Ledgers

·         Expenses Ledger

·         Accounts Receivable

·         Accounts Payable

·         Income Statement (Profit and Loss)

·         Balance-sheet

·         Computerized processing of all checks and bookkeeping information

·         Preparation and review of monthly financial statements

·         Maintenance of employee and sub-contractor earnings records

·         Preparation of year-end W-2 and 1099 forms

·         Day-to-day bookkeeping and accounting

·         Quarterly balancing of books

·         Quarterly production of Management account

Since data security is an important matter of concern in the outsourcing of bookkeeping services, Indian outsourcing companies maintain high standards of confidentiality and security by using appropriate procedures to prevent any unauthorized release of confidential client information. In order to facilitate easy transfer of bookkeeping and accounting data, the client can choose any one of the three modes of data transfer depending on their individual preference and convenience. All options are extremely safe and secure and come equipped with state-of-the-art network security devices.

1.       Server Based (FTP) Bookkeeping Process

2.       Remote Access Bookkeeping Process

3.       Application Service Provider(ASP) Bookkeeping Process

Surveys show that nearly 35% of all businesses in the United States outsource their bookkeeping services and a significantly large number of them outsource to India. Indian outsourcing companies offer their oversees clients numerous advantages like state of the art security, improved flexibility, reduced overheads and operating costs, cost-effective prices, well qualified personnel, high standards of business ethics and quick turn around time. With day to day bookkeeping being taken care of at a comparatively lower price, companies are left with more time, energy and resources to focus on their core competencies and thus see a profound increase in their profits.