Why Outsourcing Bookkeeping to India is the Best
Choice for U.S. Businesses
Bookkeeping is an important part of any company as it covers keeping track of all the
monetary transactions. It might sound like an easy process, but loads of businesses in the
U.S. find it challenging. Why is that? Well, costs can be high, time’s often tight, and finding
skilled people to help can be hard. So, what's the best move for these companies?
outsourcing bookkeeping to India.
India has got a great mix of skilled workers, affordable options, and tech know-how needed
for the most efficient bookkeeping process. Due to this blend, India is becoming a go-to spot
for U.S. businesses that want to handle their financial matters better and work more
efficiently.
Apart from these, here are the top five reasons why outsourcing bookkeeping to India is
such a smart choice for all kinds of U.S. businesses!
Top 5 Reasons Why US Firms Should Outsource Your
Bookkeeping Tasks to Indian Experts
While the Indians have a good grapes over accounting and businesses, here are the other
top reasons why US businesses should consider India to outsource their bookkeeping tasks:
1. Collaborating with Indian Firms is Highly Cost Effective
One main reason U.S. businesses should outsource their bookkeeping work to India is the
huge savings they get. Since living costs are lower in India, companies can provide
high-quality services for much less than what U.S.- firms charge. By outsourcing bookkeeping
to India, U.S. businesses can save about 40% to 50% on costs while still getting great service.
But it's not just about saving on workers’ pay. Outsourcing also cuts down on spending for
pricey accounting software and equipment. Plus, firms don’t have to hire or train new
bookkeeping staff. Indian companies have modern technology ready and trained
professionals on hand, giving a smart and affordable way to boost a company’s profits.
2. India Offers a Good Time Zone Difference that Keeps Your Firm
Running 24/7
India’s time zone is handy for U.S. businesses that are in the process of outsourcing of
accounting services in India. When it’s night in the U.S., it’s daytime in India, letting things
run all day and all night! This means financial records get updated any time needed, giving
U.S. firms a big boost in efficiency.
With this, these firms can start their day with their books all balanced, reports done, and
questions answered—all while you slept! This 24/7 service speeds up financial work, helping
businesses make decisions faster and stay agile. It’s especially useful for companies that
need regular updates or are in fast industries where getting info quick is key.
3. Perfect For All Business Sizes- Big Corporations or Small Startups
Bookkeeping services from India offer great flexibility and scalability, making them a fit for
everyone—small startups to big corporations! When engaging in outsourcing of accounting
services in India, companies can change how much bookkeeping help they get based on
what they need right then. During busy times or growth spurts, it’s easy to grow the
bookkeeping team without the fuss of hiring and training new folks.
On the flip side, if times are slow, firms can cut back on services without worrying about
layoffs or reducing hours for in-house workers. This kind of flexibility helps businesses deal
with busy seasons or rapid growth phases easily. Paying only for what they need when they
need it lets companies keep better track of spending and use resources wisely.
4. Indian Accounting Firms Offer a Strong Data Security Measure
A lot of businesses worry about their financial data being safe when thinking about
outsourcing of accounting services in India. They shouldn’t worry anymore! Good Indian
bookkeeping firms care a lot about protecting data and have strong security steps in place.
Many follow international security rules like ISO 27001 for managing information safely and
GDPR for protecting data privacy. They use advanced tools like encryption and secure cloud
storage plus strict access controls to keep sensitive data safe.
Besides tech safety measures, Indian firms often do regular security checks and have solid
backup plans ready too! These tough security habits help keep client data secure and private
from any unauthorised peeks or breaches.
5. You Get Full-Spectrum Expertise in Bookkeeping Services
Indian accounting experts are known for their solid education and experience across many
bookkeeping jobs. From simple data entry to detailed financial reports, they offer a full
range of services that meet what U.S. businesses might need.
Some of the main jobs they do include:
● Managing accounts payable and receivable
● Balancing bank statements
● Preparing financial statements
● Processing payroll
● Preparing and filing taxes
Indian accountants know U.S. accounting guidelines (GAAP) and tax rules well so they ensure
that all bookkeeping follows necessary standards correctly. These experts keep up with
changing laws and rules so accurate and compliant bookkeeping happens for U.S. companies
every time—making outsourcing bookkeeping to India an excellent choice for boosting
financial management.
How Should You Choose The Right Indian Firm to Outsource Your
Bookkeeping and Accounting Requirements?
When choosing a company for outsourcing of accounting services in India, consider factors
such as their experience with U.S. businesses, security measures, technology infrastructure,
and communication protocols. Look for firms that offer transparent pricing, clear service
level agreements, and a dedicated team for your account.
End Your Search With VJM Global!
To help you make an easier decision, you can go with VJM Global. In India, VJM Global is a
well-regarded and reliable firm of chartered accountants. Their team of expert accountants
is well-equipped to handle all your bookkeeping needs, ensuring accuracy, compliance, and
efficiency.