Outsource Bookkeeping, Bookkeeping Services to O2I

Outsource2india’s Bookkeeping Services are focused at helping our customers with the management, accounting and tax preparation needs thereby reducing their finance and accounts operating costs. Outsource2india’s personalized and professional online bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to choose what they require. We function just as customers’ virtual back-office for all their bookkeeping and accounting work right from set-up, support, maintenance and consultancy with accounting. By outsourcing bookkeeping services to India, you can benefit from the cost advantages of Outsource2india’s customized finance and accounting services.

Outsource2india has proficiency across all the major accounting software used in the industry for bookkeeping services, such as Quickbooks, Quicken, Peachtree, Sage Accounting, MYOB, Business Vision, Simply Accounting and CaseWare. O2I has a dedicated team of well-trained accountants and professionals who can quickly adapt to customers’ specified software and processes, and at the same time ensure quick turnaround time and quality standards.

Bookkeeping Services from Outsource2india

Outsource2india’s bookkeeping services include:

• General ledger maintenance
• Assets / equipment ledger maintenance
• Expenses ledger maintenance
• Accounts receivable services
• Preparing accounts receivable reports
• Accounts payable services
• Preparing accounts payable reports
• Preparing ageing reports & summaries
• Bank account reconciliation services
• Credit card reconciliation services
• Preparing financial statements
• Trial balance services
• Preparing income statements (Profit & Loss)
• Balance sheet services
• Invoicing Processing Services
• Preparing sales reports
• Preparing purchase reports
• Cash flow statement
• Entry of transactions
• Manual Journal Entry Services
• Inventory services
• Accounting setup services

Outsource your online bookkeeping services to India and give your business a competitive edge.

Value-added Bookkeeping Services

Apart from all the standard bookkeeping services, we also offer custom reports that enable customers to better analyze their revenue and expenses. A list of additional services provided is as follows:

• Customer Reports : Reports on your customers that give you a quick view of who your most and least profitable customers are.
• Employee Reports : Reports showing company expenses and/or revenue associated with individual employees and year-end reports showing what their employment costs the company.
• Break-up of Expenses : Report on break-up of expenses categories, such as by product line, office or region.
• Event Analysis : Reports on revenue and expenses associated with specific events.

Outsource2india’s Three Bookkeeping Processes

We employ the following three processes for bookkeeping services and data transmission.
1. Server Based
2. Remote access
3. Application Service Providers (ASP)

A. Server Based (FTP) Bookkeeping Process

1. Sending us your source documents - To send us the documents, you can either scan the documents and upload them to a secure FTP server or fax the documents to our toll-free fax number.

2. Updating your books - At O2I, we can update your books by the same night. At this stage, we will require you to provide a back up copy of your books. This can be carried out by using QuickBooks back up.

3. Sending you the updated books - In the final stage, we will send the updated books to your e-mail address or load the updated books on to a secure server. This will be sent to you the previous night, so you can download the updated books from the server to your computer in the morning.

B. Remote Access Bookkeeping

1. Sending us your source documents - You can send us your source documents through four ways. You can scan the documents and upload it to a secure server or e-mail the documents to our mail box. You can also fax it to our toll free fax or place it in your computer, so that we can access it remotely.

2. Connecting securely to your computer through internet - In the second stage, we will connect to your computer by using a remote desktop access service, such as, Secure VPN.

3. Updating the books and logging out - We will update your books during the night, so when you come to office the next morning, you will find the updated books on your computer!

C. Application Service providers

1. Sending us your source documents - You can send us the source documents by scanning the documents and uploading it to our server or by faxing them to our toll free fax number.

2. Updating your books - we will update your books by logging in to the Online Accounting Software which you use, for example, quickbooksonline.com and update the books.

3. Updated books - You can login to the online accounting software, at anytime to see the updated books.

   Outsource2india’s bookkeeping services are complemented by the state-of-the-art network security devices and the financial data security best practices that we instill in our team.

Outsourcing bookkeeping Vs in-house bookkeeping

Bookkeeping Software

• MYOB and SAGE
• QuickBooks (All versions)
• Quicken
• Peachtree
• Intuit ProSeries
• Intuit Lacerte
• Net Suite
• Creative Solutions Accounting
• Master Builder
• Business Works

Bookkeeping Services for our US Customers

Outsource2india provides the following basic bookkeeping services:

• 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
• Tax Preparation Services
• Preparation of year-end W-2 and 1099 forms

Outsource2india’s Bookkeeping Services Include

• Day-to-day bookkeeping and accounting
• Books balanced and reconciled quarterly
• Management accounts produced quarterly
• VAT returns produced quarterly
• Annual accounts and tax returns preparation
• Submission to Inland Revenue
• Submitted to Companies House
• Expert tax advice to minimize tax liability
• Adjustments to year-end accounts
• Storage of documents at our offices

Outsource2india’s Differentiators

• We maintain the highest standards of business ethics.
• Our robust infrastructural set-up and qualified resources ensure uninterrupted services to our customers.
• We have extensive experience in servicing international customers.
• We employ only the industry standards-based, best practices and methodologies ensuring the highest quality every time.
• We are proficient in different types of bookkeeping systems like double-entry bookkeeping.

Outsource2india also offers Bookkeeping and Accounting Services specifically for Australian customers. Read about Outsource2india’s range of Accounting Services for Australian customers.

Find out more about O2I’s Bookkeeping Services and outsource bookkeeping services to India.

Please contact us for further information about O2I’s Bookkeeping Services and Pricing details. Simply fill in the inquiry form and our client engagement team will in touch with you.

Pricing is a critical factor to consider before outsourcing. Our pricing model allows you to keep your costs in control.

Read the case studies to know how we helped several companies with our data entry and related services.