Book keeping pays a key role is holding systematic functioning of the entire organization.
When small and mid-sized business owners start out, they do their best at maintaining the accounts. Later, in order to focus on growing the business, a bookkeeper is hired and is entrusted the responsibility to maintain those accounts. As the business grows, the financial segments of the business grow, not just in size, but in variety. A number of factors come into play and simply maintaining the accounts of the enterprise does not remain the sole responsibility of the bookkeeper. There arises a need to look for a service that goes beyond that.
Every firm utilizes bookkeepers to take care of their financial entries, create reports, satisfy the bills and invoices from clients and customers, maintain the cycle of payrolls for employees, and so on. The bookkeeping services of IBN Technologies Limited look after these aforementioned aspects diligently. Along with Book Keeping, complementary accounting services such as management reporting, company budgeting, quarterly and yearly closing reports and preparation of financial statements can also be availed. Online Book keeping services allow the owners of the firm to understand the financial status of the company quickly and take informed business decisions.
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When it comes to finance, the biggest risk is financial fraud. Various techniques of forgeries, embezzlement, and information and IP theft result in questionable transactions and irregular financial records. IBN Technologies Limited imposes a strict quality check on their bookkeeping services. Every transaction is meticulously recorded and checked by the processes which ensure minimal employee risk and best results. High priority factors of book keeping such as bank reconciliations and audit checks are streamlined effectively and critical reports are prepared overnight by the online book keeper. This allows any business owner to stop worrying about back office functions and instead focus on growth.
Human error is a fallacy that cannot be removed but can easily cause the largest problems in a company’s accounts. Most companies’ book keeping is only as accurate as their own in-house bookkeeper’s experience. By choosing to opt for the bookkeeping services of IBN Technologies Limited, the company’s books are maintained through standard industry practices of management. Skilled and expert staff, who own certifications of Xero, and the likes, are employed to handle bookkeeping requirements of the clients. They are well-versed in industry level book keeping software like SAGE, Peachtree, IRIS, and others that make use of computerized automation for accounting, hugely reducing the possibility of any human error. Such extensive financial reconciliation maintains perfect books of accounts of any company’s finances.
For small and mid-sized businesses, time and cost is a deal breaker. Financial sections need to be processed speedily and at lower costs. Instead of hiring an in-house bookkeeper, opting for bookkeeping services from IBN Technologies Limited results in faster and better results at one-third of the cost. Companies save on technology and infrastructure and reap the benefits of an expert entity taking care of their business finances. With offshoring and outsourcing the book keeping services can be availed round-the-clock without any overhead costs.
It is essential that bookkeepers understand that bookkeeping does not simply mean handling the accounts of a company but being wholly responsible for their business. A well-established organization, expert in the book keeping sector, such as IBN, is the best bet to attain this.
About Us
IBN Technologies
IBN Technologies Limited is an outsourcing service provider with a customer base covering the USA, UK, Middle East and India. IBN has a State of the Art Global Delivery Centre in Pune, India. IBN processes are ISO 9001:2008 quality certified. In 15 years of operation IBN has evolved as leading IT & BPO outsourcing service provider in BFSI, Travel, and Retail Chains & Online Business.
Don’t Outsource Bookkeeping Services
Bookkeeping services when outsourced leaves you with immense time on your hands which means you will have more creative stamina left to cater to your customers.
5 Reasons Why IBN proved it is the Leader of Bookkeeping Outsourcing Services
The successful people know they need to outsource their mundane tasks to the experts. And over 16 years IBN Technologies has proved themselves over and over again.
What do CEO do after Outsourcing Bookkeeping Services
IBN’s bookkeeping service acts as an external entity and yet fulfils the job of an internal book keeper. Bookkeeping is an extensive and mundane yet extremely important function of a successful venture.
