The top three reasons of accounting and bookkeeping outsource are cost saving, replacement of local professionals with required talent and ability to leverage an established technological infrastructure. Market study indicates that an organization can save approx. 40% on operational costs by outsourcing. Organizations have the ability to adjust the level of support or services required, based on their financial resources. There are many services covered under this as follows:
Transactional Activity | Data entry of day routine activities |
| Recording of Invoices of customers and bills of vendors |
| Bank/ Credit Card/ Cash Transactions |
| Payroll Transactions |
| Other Journal Vouchers |
Reconciliation Activity | Bank / Credit Cards Accounts |
| Customer Invoices and collections |
| Vendor Invoices and Payments |
| General cash collection and payments |
Controlling Activity | Periodical closing entries |
| Financials review |
| Budgeting |
| Preparation of Financial Statement |
| Accounting of Accruals, prepaids etc. |