Did you know that nearly 40% of all large businesses in the US and Europe now prefer to outsource bookkeeping? Outsourcing bookkeeping has not just become a trend, but is also a smart and cost-saving alternative to in-house bookkeeping. If your business has an average of 30-60 transactions every month, then outsourcing bookkeeping can help you reduce cost and minimize effort. If you haven’t been already outsourcing bookkeeping, here are ten good reasons why you ought to:
1. Lower costs
When you outsource bookkeeping to India, you can definitely expect to see a reduction of 20% to 40% in your operating cost. This is because of India’s low labor costs. A qualified accountant from India would cost much less than an in-house bookkeeping professional. Apart from helping you save tens of thousands of dollars, outsourcing is also an ideal way to get better financial advice and reporting from experts who have experience in the field of bookkeeping.