The main reason behind outsourcing bookkeeping to India is that it’s a key destination and very affordable in bookkeeping services comparing to the other nations. India is a rapidly growing country and the fastest growing economy in the world. It has all the required resources for outsourcing business right from qualified manpower to quality services and convenience in serving the targeted goal.
Though there are many benefits that a business can get by outsourcing its bookkeeping services to India, but these are the key drivers.
The main issue that prevents in outsourcing industry is the language barrier. People feel language barrier while communicating to professionals from a different country, but there is no such issue in outsourcing to India as India ranks third for having English speaking people after US and UK. They tend to speak and comprehend English better than people in many countries.
Indian Government’s approach towards outsourcing industry is very friendly and favorable which tends to benefit the other countries like US, UK, Australia, etc. when outsourcing their bookkeeping business to India.
By outsourcing bookkeeping services to India, a business can save huge amount as Indian services are quite cheaper. If you outsource your bookkeeping services than you also don’t have to rent infrastructure, which can eventually save your lots of money and investment can be made for enhancing the core business.
Indian firms offer professional bookkeeping services and are punctual about timeline to achieve the target. There are many Indian institutes that offer professional courses for accountancy. That eventually helps in getting more heads for accounting sector and serves the clients better with the quality services. Also Indian firms are very accommodated with the time line and time preference of the clients.
Bookkeeping requires a good amount of time and a team dedicated to it that increase the cost of businesses as firstly the pays are higher comparing to India and secondly it will reduce the productivity of staff as they have to devote their time to maintain bookkeeping from their regular work. So, if a client sends its bookkeeping service to India, then that gives the staff the time to focus on their main work and that will result into more productivity.
Businesses outsourcing their bookkeeping in India get the benefit of round-the-clock availability. Indian firms are available at the convenient or working time of the clients.
With time Indian Accounting firms have also scaled up their technology and tools. The use of new and advance accounting software makes it easy for the clients to track their businesses’ nitty-gritty and current scenario.
A basket of accounting services
Indian Accounting firms are versatile in various accounting services, which of course include bookkeeping, but except from that, they also provide services of Accounts payable, Accounts receivable, Reconciliation, Payroll services, etc. thus businesses don’t have to look for other sources to accommodate their needs.