The main reason for outsourcing bookkeeping to India is that it is a key destination and is very affordable in bookkeeping services compared to 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.
An overview of the benefits
Though there are many benefits that a business can get by outsourcing its bookkeeping services to India, these are the key drivers.No language barrier
The main issue that prevents in the outsourcing industry is the language barrier. People feel the language barrier while communicating with professionals from different countries. But there is no such issue in outsourcing to India as India ranks third for having English-speaking people after the US and UK. They speak and comprehend English better than people in many countries.Government’s Friendly approach
Indian Government’s approach towards the outsourcing industry is very friendly and favorable which benefits other countries like the US, UK, Australia, etc. when outsourcing their bookkeeping business to India.Significant reduction in cost
By outsourcing bookkeeping services to India, a business can save a 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 you lots of money and investment can be made for enhancing the core business.Professional services and Timeliness
Indian firms offer professional bookkeeping services and are punctual about the timeline to achieve the target. There are many Indian institutes that offer professional courses for accountancy. That eventually helps in getting more heads for the accounting sector and serves the clients better with quality services. Also, Indian firms are very accommodated with the timeline and time preference of the clients.Increase in Productivity
Bookkeeping requires a good amount of time and a team dedicated to it. But then, it will increase the cost of businesses as the pays are higher compared to India. Secondly, it will reduce staff productivity as they have to devote their time to 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. Then, this will result in more productivity.Flexibility
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.Latest accounting tools
With time, Indian accounting firms have also scaled up their technology and tools. The use of new and advanced accounting software makes it easy for clients to track their businesses’ nitty-gritty and current scenarios. A basket of accounting services Indian Accounting firms are versatile in various accounting services, which of course include bookkeeping, but except 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.
