| Book keeping tasks can be really cumbersome and | | | | encouraging for the outsourcing industry. The tax |
| resource draining. If yours is a new firm that is | | | | structure for exports is very encouraging for |
| expanding then book keeping is definitely going to be a | | | | exporters of goods and services in India. These are a |
| tough job for you, apart from being expensive. So, | | | | few major factors that work to India's advantage and |
| what is the way out of it? How can you get rid of all | | | | make it the preferred destination for outsourcing book |
| the worries related to book keeping, keep it | | | | keeping tasks. |
| cost-effective and yet book handsome profits year on | | | | Apart from the above mentioned advantages that |
| year basis? The obvious answer is to outsource your | | | | Indian firms have, another important factor that has |
| book keeping tasks to Indian companies specializing in | | | | made India the preferred destination is its geographical |
| it. | | | | location. India's geographical location makes it possible |
| Outsourcing book keeping to India can be very | | | | for US firms to have round the clock service which is |
| profitable when compared to other east European | | | | not possible with many other countries. The |
| countries. There are a number of reasons for the | | | | outsourcing firms in India work according to the |
| same. To begin with, India has a large knowledge pool. | | | | convenience of their foreign clients and thus provide |
| You may find an equally large knowledge pool in China | | | | them with a number of options in which they can get |
| or Russia as well but what they do not have is | | | | their work done. Secondly, the data that is sent for |
| proficiency in the English language and a complete | | | | book keeping is secure and kept very confidential. This |
| understanding of general accounting practices. Another | | | | is the biggest concern of companies that outsource |
| very important factor for India being the obvious | | | | their book keeping tasks and this concern is handled |
| choice for outsourcing book keeping tasks is the | | | | by Indian book keeping firms very maturely. |
| availability of trained and cheap labor. A task that can | | | | The overseas clients are also provided with a number |
| cost around $1000 in U.S. or around $700 in other | | | | of value added services along with book keeping like |
| European countries is no doubt going to cost lesser in | | | | cash management, tax preparation, payroll processing, |
| India as labor costs are very low here. This can be | | | | financial data entry and conversion, financial statement |
| made out from the typical annual wages of Indian | | | | preparation, accounts reconciliation, inventory recording |
| masses that range from $3,500 to $7,500 for back | | | | and analysis and many other tasks all under one roof. |
| office tasks and $5,000 to $12,000 for technical jobs. | | | | All these factors make India the obvious choice for |
| Additionally, government policies in India are very | | | | outsourcing your bookkeeping tasks. |