Bookkeeping Services In India - Favorite Destination For Outsourcing Companies Worldwide!

If you are looking for a company that can offer bookkeeping services in India you are bound to get the desired services at a very competitive price. You can easily find a large number of companies that offer a range of bookkeeping services. Unquestionably, for any successful organization bookkeeping services are very essential. Therefore a great care should be taken while choosing any good company to handle bookkeeping for your organization. It is a difficult task, as it requires a special set of skills and resources for conducting this activity within an organization.

Bookkeeping services in India are highly favored worldwide and as a result, bulk of this work is outsourced to India. The main reason behind this is, work in India is extremely cost effective and of excellent quality, as compared to other parts of the world. Most of these bookkeeping services are focused at helping their customers with the management, accounting and tax preparation needs and significantly reducing their finance and accounts operating costs.

In today's competitive market, process times between the introduction of two services or products have considerably shortened for surviving changing customer preferences and global business competition. Organizations in developing countries are increasingly partnering other organizations in developed economies providing world-class service. This adds maximum strategic value and provides high operational efficiency in the production of these services and products. And, here bookkeeping services in India are no more an exception.

The work involved in bookkeeping services is concerned with maintenance and documentation of the financial records of a particular organization. These financial records include information about profit as well as loss (income statement), accounts receivable and payable, receipts and expenditures, journal entry and transaction entry, general/expenses ledger and equipment/assets ledgers, balance sheet and statements of cash flow and finance, ageing report as well as summaries, reconciliation of bank accounts and several others. When you outsource bookkeeping services in India, you definitely get value for every single penny spent on these companies.

Experts firmly believe that bookkeeping services are an integral part of the management system of a company concerned with its financial records. Also there is a major shortage of specialized professionals and trained workforce in the knowledge-intensive divisions of developed economies. Full time as well as part time bookkeeping professionals cost more in these countries. Consequently, these services are outsourced to India. Bookkeeping services in India are of high standards and these organizations profit in various ways like:

o Efficiency is improved.

o Operating costs are reduced.

o Overhead, training and manpower costs are reduced.

o Helps in offloading functions which are non-core.

o Specialized talent pool is available.

o Government regulations and capital expenditures are favorable.

India's expertise in information technology is another selling point for outsourcing bookkeeping services. In today's high-tech world, dedicated accounting softwares, databases and computer spreadsheets are employed by bookkeepers for maintaining the financial records. Consequently, bookkeeping services in India are now also providing e-accounting services. Personalized and professional online bookkeeping services in India cover the entire scope of bookkeeping and customers have the flexibility to choose what they require. Additional tasks such as payroll, billing and procurement are also performed by bookkeepers nowadays due to the I.T services available at their disposal. Some other value added tasks performed by bookkeepers these days are:

o Making reports on expenses incurred on individual events, products, offices, lines or regions.

o Formulating reports on customers for deciding which ones are the most profitable.

o Reports depicting company expenses, revenues of individual employees and consecutive costs of employing them.

o Providing expert advices for minimizing tax liabilities.

o Computerized processing and analysis of bookkeeping information and checks.

o Producing VAT returns on a quarterly basis.

Hence, on account of India's expertise in IT sector and its huge, specialized and highly talented workforce having the ability to handle complex projects makes it a favorable destination for outsourcing accounting and bookkeeping work. Most of these Bookkeeping services in India have proficiency across all the major accounting software used in the industry for bookkeeping services, such as Quick Books, MYOB, Business Vision, Simply Accounting, Case Ware, Sage and Peachtree. So what are you waiting for, outsource bookkeeping services to India and experience the difference in efficient functioning of your organization.

Source:

Ezinearticles.com

Outsource Bookkeeping Services to India

Do you find your organization struggling with the daunting task of bookkeeping? Does your organization have pending accounting or bookkeeping work? Do you want your organization to concentrate on core business functions without wasting time on bookkeeping? If you find yourself answering yes to the following questions, consider Outsourcing Accounting Services. By outsourcing, your organization will be free to concentrate on core business functions and you can stay assured that your accounting needs will be met on time. Your organization can find many outsourcing providers in India who can meet your accounting requirements.

India, a pioneer in providing accounting services, has the skill, competency and expertise to provide a wide range of accounting services. Providers in India also employ the best in infrastructure, technology and software to ensure that they provide customers with accurate services within a fast turnaround time. When you outsource bookkeeping, you can be assured that your accounting, bookkeeping and tax preparation requirements will be met accurately. Outsource Bookkeeping services to India and get access to professional, proficient, expert and skilled accounting services.

Make Your Business a Success with Efficient Bookkeeping

Accurate bookkeeping is essential for any business, be it a large or small organization. Bookkeeping can help your organization keep a track of all your organizations' transactions and finances on a regular basis. Efficient bookkeeping services are important, if you want to turn your business into a success. Outsourcing bookkeeping services to service providers in India can help you understand if your business is making money, if your organization has strong finances, if your expenditures are more than your sales, if your expenses are high, if you are spending too much money on something etc. With answers to all these puzzling questions, your organizations can take better business decisions and increase profits.

Outsource bookkeeping services to India and get assistance in budgeting, in preparing income tax returns, in preparing balance sheets, in obtaining other sources of your organization's capital, in complying with tax rules, in distributing profits, in preparing income statements, in submitting sales taxes, in evaluating financial consequences, in monitoring the failure/success of your company, in preparing financial statements and in submitting sales taxes amongst others.

The Bookkeeping Services & Accounting Services that India Offers

Outsource bookkeeping services to India and get access to accurate, efficient and reliable bookkeeping services within a fast turnaround time. India offers the following bookkeeping services:

• General ledger services
• Assets/Equipments ledger services
• Accounting system design services
• Entry of transactions services
• Depreciation schedules services
• General accounting services
• Tax return preparation services
• Sales tax services
• VAT services
• Asset accounting management services
• Records management services
• Amortization schedules services
• Accounts payable services
• Accounts receivable services
• Ageing report and summaries
• Journal entry services
• MIS report services
• Bank account reconciliation services
• Credit card reconciliation services
• Cash application services
• Cash flow statement services
• Financial reporting services
• Cash disbursement services
• Credit and collection services
• Financial accounting services
• Asset accounting management services
• Ratio analysis service
• Payroll services
• Financial analysis services
• Quickbooks Setup services
• Budgeting services
• Balance sheet services
• Income statement services
• Financial statement preparation services
• Trial balance services

India Uses the Latest Bookkeeping Software

The outsourcing providers in India use best-of-breed bookkeeping software to ensure that customers get accurate accounting services within a fast turnaround time. In accounting services, using the best suited software is important in ensuring quality. Different countries and different companies employ the use of different bookkeeping software. When you outsource accounting services to India, your outsourcing provider will use the bookkeeping software that you employ. Companies providing bookkeeping services in India are well-versed with all the latest bookkeeping software and can use any bookkeeping software that you suggest.

The Quickbooks bookkeeping software is the most widely used software and if you want an organization that uses Quickbooks software, you can find numerous Indian outsourcing providers who use the Quickbooks software. The Quickbooks software can help you to easily manage all your accounting requirements. The Quickbooks software can be used to prepare invoices, prepare financial statements, send invoices, track expenses and track inventory levels amongst others. Your India provider can provide your organization with efficient services by using the Quickbooks bookkeeping software.

Benefits of Outsourcing Bookkeeping Services to India

o Cost-effective accounting services

o Best-of-breed infrastructure and technology

o Proficiency in a wide range of bookkeeping software

o Wide range of bookkeeping services

o Experienced, skilled and trained accounting workforce

o Quick turnaround time

Outsource Bookkeeping Services to India and give your organization a competitive advantage.

Source:

Ezinearticles.com

Bookkeeping Accounting Services at Low Bookkeeping Costs

Bookkeeping Services India is an important resource for bookkeeping accounting services provider outsourcing company. We provide accurate, cost effective and time bound bookkeeping accounting services to all type of business organizations across the world. Bookkeeping Services India is an IT enabled outsourcing company we have perfect mix of young professionals. Our highly professional accountants and bookkeepers provide you timely and accurate bookkeeping accounting services to our dedicated customers before dead line our main goal is client satisfactions.

Bookkeeping and accounting is a present days very essential part for every small, mid and large business organizations, for the main reason that if you need to keep all the financial transactions records so bookkeeping accounting services assists to keep all the financial transactions records such as sales, purchase, income and payments by an individual or organization. Our bookkeeping company provides you secure bookkeeping accounting services at affordable bookkeeping costs.

Our Bookkeeping Accounting Services Includes:

• General Ledger
• Account Payable
• Payment & Terms
• Payroll Processing
• Account Receivable
• Bank Reconciliation
• Bookkeeping Software
• Migration of Legacy Systems
• Financial Statement Preparation

We provide small business bookkeeping services by using our offshore ability and professional virtual bookkeeper. We have perfect mix of young, highly qualified, and professional bookkeeping work forces. They work hard and complete their work before deadline. We have the specialized ability and knowledge in handling almost all the trendy and generally used bookkeeping accounting software such as QuickBooks, Peachtree, Sage Line 50, Quicken, MYOB, IRIS, LaCerte and Pro Tax.

We are very delighted to offer 60% off on bookkeeping accounting services to our customers.

Taking advantages for our it friendly environment if you want more information regarding our wide ranging bookkeeping accounting services so feel free log on to http://www.bookkeepingservicesindia.com and also any small business bookkeeping services requirements to us so send mail at info@bookkeepingservicesindia.com

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http://www.prlog.org

Marketing Bookkeeping, Accounting and Financial Services - First in a Series

There is nothing more heartbreaking than to spend weeks and months, and thousands of dollars developing your bookkeeping, accounting or tax practice and seeing it languish as you struggle to attract new customers and clients.

You have knowledge and experience, and you have a passion that you wanted to share with the world but it was not necessarily what the world wanted to hear.

To avoid the waste of both time and emotional energy caused by failed projects you need to understand the mindset of a client. Your client doesn't care where your degree is from, or how good your grades were, they don't even care if you have a license or certification from the state.

All your client cares about is whether they can trust you to do your job.

And just exactly how do you get that across to your clients and your new prospects? How do they discover the trust you want them to have?

The easiest method is to become recognized as an expert. As an expert, you are looked up to and trusted.

But here, we're not just talking about being knowledgeable, we're talking about marketing yourself in a way that you are perceived as knowledgeable. We're talking about getting speaking engagements, writing reports, articles, and white papers. We're talking about becoming an author and getting published.

Sounds like a lot of hard work doesn't it? And then you’re faced with the problem of how to create all the papers, speeches and other work product you’ll need in order to appear to be a knowledgeable expert.

You could try to hire yourself a booking agent to get you speaking engagements, plus a ghostwriter to prepare speeches, articles and reports.

Since a booking agent works on a commission, you'll probably have a hard time convincing them you have any value as a commodity. The typical booking agent is going to be looking for somebody who can start at $2,000 to $3,000 per speaking engagement.

It's pretty easy to find a ghostwriter, but quite hard to find a skilled and knowledgeable ghostwriter, who can write about bookkeeping, accounting or taxes. If you find a writer who is skilled in these fields, then you're probably looking at something like $1,000 a page to write a typical report. Certainly not the $5-$10 a page you find people quoting on the Internet.

When you are presenting yourself to your local market, you need to be able to present knowledge and expertise, whereas on the Internet it's mostly about having relevant keywords that match the search engines spider's algorithm.

You try giving a speech full of keywords (commonly referred to as buzzwords) to the local Chamber of Commerce, you will absolutely lose any credibility you may have had.

Probably the easiest solution is to find yourself a mentor, possibly a retired accountant or financial professional, with a penchant for writing. If you get lucky, they may even have a drawer full of old reports and speeches they developed when they were in active practice.

If so, then they may be willing to let you use their materials as a resource. Be prepared to pay a small price, either by purchase or royalty, if necessary.

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Create More Revenue by Outsourcing Bookkeeping Services

Any organization whether big or small spends a huge amount of time, energy and resources on day to day bookkeeping, tax preparation and accounting services. This often adds little or no value to the organization's core development or requirement. By outsourcing bookkeeping services to India, businesses increase their profitability, improve company focus and enhance their flexibility to respond to key business issues. Businesses, CPA's and Accounting Firms who outsource their bookkeeping services and accounting work to Indian companies find that they have a virtual back-office right from set-up, support and maintenance to consultancy.

A few of the services offered are

•· Entry of transactions

•· Journal entry

•· General Ledger entry

•· Assets /Equipment Ledgers

•· Expenses Ledger

•· Accounts Receivable

•· Accounts Payable

•· Bank Account Reconciliation

•· Financial Statements preparation

•· Trial Balance

•· Income Statement (Profit and Loss)

•· Balance-sheet

•· Cash Flow Statement

• Computerized processing of all checks and bookkeeping information
• Bank statement reconciliation
• Preparation and review of monthly financial statements
• Maintenance of employee and sub-contractor earnings records
• Preparation of all tax processing
• Preparation of year-end W-2 and 1099 forms
• Day-to-day bookkeeping and accounting
• Quarterly balancing of books
• Quarterly production of Management accounts
• Quarterly production of Vat returns
• Annual accounts and tax returns preparation
• Submission to Inland Revenue
• Expert tax advice to minimize tax liability
• Adjustments to year-end accounts

With the use of up-to-date accounting software such as MYOB and SAGE, QuickBooks (all versions), Quicken, Peachtree, Intuit ProSeries, Intuit Lacerte, Net Suite, Creative Solutions Accounting, Master Builder, Business Works etc., Indian outsourcing companies offer their clients the choice of various accounting services at a much lower rate with the benefit of a highly productive work force.

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Online Bookkeeping Service Gets $2 Million in Funding

Campbell, Calif. (Feb. 10, 2009)

By Michael Cohn

Outright.com, an online bookkeeping service aimed at self-employed small businesses, has snagged $2 million in seed funding.

The financing was led by two venture capital firms, First Round Capital and Shasta Ventures, with participation from Jeff Clavier of Softech VC and several angel investors. The company, formerly known as GoBootstrap.com, has been working in “stealth mode” prior to the funding announcement, but meanwhile has been signing up a variety of small business customers who have been trying out the system.

“We’re targeting millions of small businesses that are too small even for QuickBooks,” said Outright.com co-founder and CEO Kevin Reeth, who spent nine years working for Intuit. “When you look at the landscape of small businesses, there are 20 million of 27 million that have no employees, just one person filling out a Schedule C.” The other co-founder, Ben Curren, also worked for Intuit in its QuickBooks unit.

Reeth (pictured) contends that many small business accounting packages are too complex for many self-employed business people to use. “Their businesses are so small, they don’t even describe themselves as business owners,” he said. “They say, ‘I’m self-employed, I work for myself,” but they have tracking requirements like larger companies.”

The Web-based system allows users to keep track of business income, invoices and payments, and see a breakdown of income and expenses by category. Users receive reminders of quarterly tax deadlines, and contractors and freelancers can stay on top of their 1099 forms. The system calculates quarterly tax estimates, including self-employment taxes, and allows users to export the information to a spreadsheet. The software can also generate a Schedule C in a PDF file.

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A Bookkeeper Can Boost Bookkeeping Services by Networking

Increase the home bookkeeping services by netwroking, a crucial element for bookkeepers wishing to build a clientele of quality bookkeeping clients.

Networking The Bookkeeping Services

Establishing personal relationships with individuals and groups is undoubtedly the major area to build the client base. Businesses requiring accounting and bookkeeping services have a strong tendency to remain with their existing service providers which makes new start up businesses a prime target area.

The doors can open by contacting business link, discussing the services offered with a business link advisor and obtaining details of all enterprise groups and organisations within the desired business area. Personal contact is important, each organisation should be visited in person, regular contact maintained and where possible the opportunity to join local business groups taken up. Many members of start up groups have little or no experience of bookkeeping offering an ideal opportunity.

Obtain details and attend locally held business link seminars and conferences. Contact HMRC to attend a full range of seminars on all relevant subjects such as self employment, tax and payroll to both improve knowledge and establish contact with start up businesses.

Contact with professional accounting firms and fellow bookkeepers works best when the relationship is personal and two way. Sending unsolicited application forms may be largely ignored while telephone contact and arranging a meeting works better. At those meetings the target being to both present the application form stating qualifications and experience and also discuss providing the accounting firm with additional business by offering them new clients for advanced accounting, tax and technical issues from the bookkeepers existing clients.

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