Offshore bookkeeping & accounting is an outsourcing strategy in which Bookkeeping & accounting firms located in Australia, United Kingdom, USA, Canada, New Zealand, Hong Kong, Singapore & European nations, outsource their bookkeeping, accounting, taxation & financial work to KPO companies in India & Philippines.

Offshore bookkeeping team provides various benefits of outsourcing.

In the words of Lee Kuan Yew, Former Prime Minister of Singapore –

“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.”

Offshore Accounting service provides with International Accounting Solutions which can help outsourcer to speed up their workflows, get a larger talent pool fulfilling compliance requirements, and chargeable at effective hourly rates which makes accounting & bookkeeping services reliable & cost effective.

We at Ashutosh Financial KPO are here to provide best in class International Accounting solutions in the competitive accounting industry at a much reasonable & competitive rates possible.

We also provide customized controller services & while labelled services as well. Our staff also has great experience working in Australian tax returns.

Outsourcing/Offshoring more or less from small to large part of the business functions has been growing since past three decades now!

When it comes to outsourcing bookkeeping & accounting services, India & Philippines have been outsourced/offshore back-office for people all around the globe. Be it New Zealand, Australia, Hong Kong, Singapore, Middle-East, Africa, United Kingdom, Europe, United States (USA) or Canada; all of them relied on India for outsourcing/offshoring their accounting & bookkeeping services tasks to India.

Due to increased use of internet & other relevant technologies over the years; not just Business to Customer (B2C) setups, but also Business to Business (B2B) setups have increased outsourcing/offshoring tremendously in which small to large Bookkeeping/Accounting Firms have started outsourcing/offshoring their core business functions like preparing financial statements, cash flow statements, coding in various cloud-based accounting software including core bookkeeping & accounting function.

In addition to above outsourcing/offshoring as an Industry has provided much Peace of mind to both outsourcer organization as well as outsourcing organization creating a win-win situation for both the parties.

Main Advantages for outsourcer organization:

1. Cost Effective

2. Quality work

3. Focusing more on own competencies

4. Fast Turnaround time

5. 24 hour working environment due location difference

Main Advantages for outsourcing organization: 

1. Generating employment in developing countries

2. Creating opportunities for professional accountants

3. Getting good rates due to currency difference

4. Better working environment learning from overseas organisation

5. Getting equipped with new & challenging tasks each day

When you are opting for outsourced bookkeeper or outsourcing accounting service provider, it should make sense to your business to do it.

Let’s describe few points to keep in mind while evaluating “Top five points on How to find the right outsourced/offshore bookkeeper or accountant for your small-midsized bookkeeping/accounting practice”: –

1. You should choose experienced accounting firm who have well equipped technology(software) and Experienced team of accountants, it will be cost effective and efficient as well. If not experienced; they should at least be qualified & skilled enough to understand your tasks within span of 2-3 months.

2. Outsourcing/offshoring companies should provide superior staffing solutions such as dedicated full time accountant or team of accountants who are qualified/skilled enough to provide hassle free accounting & bookkeeping processes.

3. Bookkeeping company & CPA firms should analyse what outsourcing/offshoring option would be best for them. They should check with their accounting team and audit team and discuss which functions should they outsource/offshore in order for the best results possible.

4. Australian accounting firms should check how much existing taxation & offshore accounting knowledge does a Knowledge Process Outsourcing company has!

5. Cost benefits make the base for outsourcing/offshoring services. Hence one should always analyze how much cost effective it is while hiring a full-time bookkeeper & experienced bookkeepers compared to hiring someone from their own country for Australian compliance outsourcing.

Bookkeeping & Accounting businesses these days have become more & more agile. Business owners have to be on their toes each & every second to manage and maintain each & every function of their business. Therefor first of all they need to analyse key management functions of their business. Some of the examples of major business functions are: –

1. Marketing

2. Sales

3. Operations

4. Skill upgradation

5. Delivery

6. Recovery

All the functions mentioned above form pillars of any bookkeeping & accounting practice located in any part of the world i.e. Australia, United Kingdom, United States of America, Canada or anywhere else.

To make life easy and, for the peace of mind growing bookkeeping & accounting practices should prefer outsourcing/offshoring services by outsourcing more or less, small to large part of their operations to Knowledge Process Outsourcing companies located in India to give justice to their end clients as far as communication & planning with them is concerned.

Operations cover day to day bookkeeping solution, various accounting tasks, business growth analysis etc. by offshore team of accounting professionals. This would help both in direct & an indirect manner, for the exponential business growth for all the small to mid-sized bookkeeping/accounting practices.

It would not just only cut overhead costs in a cost effective manner but also let Bookkeepers, Accountants & CPAs/CAs to focus more on their own core business competencies by hiring a qualified offshore team.

– Penetrating pricing policy at reasonable & competitive rates.

– Providing One month of complimentary outsourcing/offshoring, to compensate for the time taken as “setup time” to make an effective transition.

– In the second month as well providing complimentary rates at half the price of what we have quoted, to get synchronized with the processes of the client & delivering work as per the expectation.

– Our team is well equipped with accounting software such as QuickBooks Online, Xero, Sage, Wave, MYOB, Zohobooks, Kashoo etc.

– Our company Ashutosh Financial KPO Pvt. Ltd. follows world class management systems and controls in place, as per the International Organization for Standardization – ISO 9001: 2015 & ISO/IEC 27001: 2013, for adhering to Quality & Security policy respectively.

– We are also covered with professional indemnity insurance with a worldwide coverage.

– Legacy/Vintage of Ashutosh Group

– Dedicated professional infrastructure & different departments.