Points Need to Be Checked Before Hiring an Outsourced Bookkeeping Firm Can Outsourced bookkeeping services benefit your company? The answer is yes! There are notable benefits of outsourcing bookkeeping work to India. Let's take an overview of the benefits of outsourced bookkeeping services. 1. Outsourced bookkeeping service provider firms have complete stability of accounting experts, allowing them to offer a small team of bookkeepers at a lower cost as compared to hiring a full-time in-house bookkeeper. 2. It is expensive to hire, train and maintain a team of in-house bookkeepers. Outsourcing service saves time and cost-effective. 3. With an outsourced bookkeeper, there will be no employee expenses such as pension contributions, salary, national insurance, medical benefits, redundancy pay etc. 4. You can focus on your core strengths in expanding the business, while outsourced bookkeeper handles other details. Now, Let's dive into points needs to be keep-in-mind before hiring a bookkeeping outsourcing company: • Reliability: The firm should be highly reliable with rich experience in the field of accountancy and bookkeeping. It should have consistently demonstrated integrity under all circumstances throughout various assignments with different clients. • Long term association: While engaging their services, it should be kept in mind that it takes time for the bookkeeping firm to understand your business, your working style and also to build a rapport. Hence longer the association, more the trust and quick turnaround time. • Customised service: Apart from collecting, categorizing and reconciling the financial data and preparing P&L statements, Balance sheets etc for you, the firm will also customise books of accounts for your quick reference at any time of the year. • Security: Utmost care to be taken while appointing such firms, as sensitive data needs to be shared. Testimonials should be asked for in order to know how the firm has safeguarded data of existing clients.
Doshi Outsourcing
• Technology: With the rapid advancement in technology, the outsourced firm must adopt the latest technologies and also adapt to the constantly developing business world. It is mandatory that they know how to operate various bookkeeping software such as SAGE, Xero, Quickbook etc.
• Easy accessibility: In today’s world, it is important that the outsourced bookkeeping services are available to you 24x7 via different modes of communication for prompt and smooth flow of information. • Accuracy: Accuracy in a bookkeeper’s work saves a lot of time. He should be up to date and equipped with the latest information and knowledge of accounting procedures, taxes, new regulations, and other rules that keep changing. • Knowledge of industry: This is required while looking for an outsourced bookkeeper as the accounting procedures may differ from industry to industry. He should be thoroughly well versed with the differences in the industry in which your business operates. For any question on outsourcing bookkeeping service? You can search Doshi Outsourcing, their team of experienced and qualified accountants is willing to help you.
Doshi Outsourcing