9 Benefits For Accounting Firm in USA by Outsourcing to India
When you think of outsourcing accounting from your business or CPA firm clients multiple factors need to be considered. Outsourced company which provide work is like an extended partner. Accounting firm must have quality at work with affordable pricing. Because of growing technology most of USA CPA Firm and business started to outsourced accounting to India. By outsourcing your send time consuming work to offshore partner and focus on core business. By outsourcing bookkeeping to India may USA CPA firm had noticed increase in profit margin. Below are some of benefits that Accounting Firm in USA can benefit by Outsourcing to India.
1.Saving 40 to 50 % Due to OffShore Rates
Offshore accounting & bookkeeping rates in India result in saving by 40 to 50% to USA Business. This offshore rates make that you pay less as compared to in-house staff but get the same quality of work. Cost is major reason to outsource bookkeeping.
2.Get Work done by CPA(CA Firm)
In India Outsourced bookkeeping companies provide services under leadership of CPA( India CA). These professional have thousands of hours of experience in bookkeeping and accounts outsourcing domain. This ensures that your work is managed by top professional from industry.
3.Get Overnight Time Zone Advantage
Time Zone difference between USA & India is appx of nine to ten hours. Means at end of day when you send documents , statements to India , team start working. By next day when you resume office bookkeeping information is updated in cloud software.
4.Your Data is Secured
Accounting service providers in India have state of art infrastructure in online and offline mode to ensure your accounting data is secured. They sign Non Disclosure confidentiality agreement before you start work.
5.Indian Firms Follow IFRS Compliances
International Financial Reporting Standards (IFRS) are followed by Indian accounting firm while doing outsourced accounting work. By Following IFRS it ensured that your work is done at quality and as international reporting standards.
6.Outsourcing Friendly Policies in India
India is global hub when it comes to cost saving and quality work. Due to skilled manpower force and major source of Income, Government policies towards bookkeeping are friendly. India’s Foreign Trade Policy Encourages overseas companies to outsource accounting services to India.
7.All Services Under One Roof
Indian accounting firm provides not only bookkeeping services but also provide allied services to USA firms. These services include payroll services, taxation services, CPA audit support services, management reporting etc. You get all allied services under one roof.
Indian bookkeeping & accounting firm team is trained in such a way that customer at first. Usually team reply to accounting work in 1-2 days. Replies given to mails instantly. Team is familiar with USA Local Tax filing & accounting structure.
Bookkeeping rate in India for USA CPA firms is very flexible. Most of work in India is done on hourly basis. Where as for some projects it’s a fixed price rate. India provide flexible rate to USA firm while outsourcing bookkeeping to India.
How Does Outsourced Bookkeeping Services Work in India
- Send Us bank statement , documents for bookkeeping
- Indian accounting firm updates transactions in cloud accounting software
- We do reconciliation of bank and credit card statement
- Update accounts receivable and parables in books
- Posting of general ledger entries
- Location tax filing working
- Reporting of Management
India is Leading Outsourced Accounting Destination for USA
Indian offer quality , reliable and cost saving services for outsourced accounting services. India have potential to process 30% of America transactions. By outsourcing to India you save on payroll, wages, employees overhead cost etc. Many CPA Firms form USA started outsourcing accounting to India. Rather than carrying bookkeeping in New York, Chicago, San Francisco etc. its better to outsource to India.
If you are thinking to outsource accounting from USA to India then get in touch with us for reliable services and cost saving.