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Many people wonder how to outsource work to India to save on company cost and improve efficiency. Outsourcing to India has saved companies millions of dollars at times of recession and restructuring. One can argue that outsourcing to India will send jobs away locally but what if you can’t survive as a company without outsourcing? Before technology improvements, companies that had trouble reducing their overhead cost just went out of business. Now due to the online capabilities and technology that connects the world together, you can have your back office anywhere in the world as if they are in the next building from you.

Outsourcing technology needs such as web development, coding, graphics design is nothing new and has been going on for many years. However, companies are learning that bookkeeping and accounting is also another growing field in outsourcing. There are companies that have huge volumes of transactions that need to be tracked and accounted for. But how would accounting and bookkeeping be done with partners in India? Let me explain the options to you.

There are three options that companies have these days that are the most popular. First option is to scan the documents that you want your book keeper or accountant to keep track of and input into your books. Then you email that document to your book keeper or accountant. It is as simple as that. Second option is for companies to provide virtual access to a PC that is located in the company location where the book keepers and accounts will login everyday and work on files you tell them to work on. This option keeps all your information on your system itself. Third option is where you send the documents and we update the books on a web based accounting system that you can access 24 hours a day.

All options are good and it really depends on how you want to work with your back office partners. Send us an inquiry on how we can help you get started on your book keeping and accounting needs.