Pros & Cons of Book keeping Outsourcing

Corporate companies that show magnificent growth based on one sole factor that is they kept a tight hold on their numbers. Book keeping pays a key role is holding systematic functioning of the entire organization. The cleaner your accounts are the more accurate all your decisions will be, it’s as simple as that.

With increasing pay hikes and an aging staff, one that’s too rigid to train and upgrade to newer accounting methods makes you fall a step back while competing in the market as a player.

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Most companies found this the prime reason to outsource their book keeping to a third party.

However every decisions comes with its pitfalls and advantages. Let’s look at the Pros and Cons of Book Keeping more closely.

• Time: While your in-house time works in a fixed shift, Outsourcing gives you your financial statement 24*7. With IBN’s round the clock operation it has become an added advantage for companies that wish to operate from multiple locations.

• Cost: The cost of Outsourcing is any day much cheaper as there is a constant increase in Wage rates as well as allowances to in house staff such as medical. And let’s not forget the overhead costs that come included when you invest heavily in infrastructure. IBN’s team has been known for providing Book keeping services at one third the costs.

• Technology: Majority of companies have migrated from desktop version of book keeping to cloud soft wares such as Xero; to be able to access data anywhere anytime. Yet there are companies that are apprehensive in shifting their accounting with the fear of loss of Data. IBN Technologies Limited houses a certified expert team that assists in migrating the data from one software to another.

• Security: Data Security proves to a major threat to business owners. No one in this time and age can afford to lose their data to competitors. However with advent of cloud technology, IBN’s Book keeping professionals will process your accounting books without data ever leaving the premises of your office.

• Expert Services: While sometimes companies may hire people with less experience as its cost prohibitive, Outsourcing to IBN would mean gaining access to sound financial advice from industry players who are well aware of current economy and have more than 16 years of experience while dealing with various financial situations.

Book keeping Services is a little bit more than crunching numbers. It means having all your accounts ready at the time you need it, guidance to saving resources where possible and addressing anything that needs instant attention. IBN Technologies Book keeping services has been known for its expertise in various globally acknowledged soft wares such as SAGE, Peach Tree, Quick Books and many others. The greatest advantage of IBN’s book keeping outsourcing services is its flash reporting that notifies the business owners of any malicious transactions instantly.

Outsourcing Book keeping pros outweigh their cons, and the decision has always been the pioneer in long term business continuity planning for companies.

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.