Ezybiz India

OUTSOURCE ACCOUNTING SERVICE One of the dilemmas faced by many businessmen is that whether to keep an in house accountant for day to day book keeping or to outsource accounting service to an external agency. There is no readymade answer to the same and it all depends upon nature of business, complexities of accounting, annual turnover of the company and other factors. Normally, during the initial stage of businesses, it makes sense to outsource accounting service instead of keeping an in house accountant merely from cost saving purpose and as the business grows, it is advisable to keep an in house accountant. In this write up, we would be discussing the pros and cons of account outsourcing instead of keeping an in-house accountant Pros of Account Outsourcing a)       Cost Saving As mentioned above, in the initial stage of business, lot of cost saving can be done by taking account outsourcing service of an external firm. This is due to the fact ...

  Outsource Accounting   The life of any businessmen in India is not smooth since they have to not only look after the complexities of their businesses but also have to do lot of statutory compliances in India for which they require accounting service , Tax filing and audit service. They have an option to either keep an in-house accountant for doing compliances or can outsource accounting and other compliance work to an outside agency. In this write up, we will be discussing about advantages of account outsourcing. ACCOUNT OUTSOURCING- ADVANTAGES 1)       Cost Reduction - First and foremost advantage of account outsourcing is the cost reduction. By outsource accounting service to outside agency, tremendous cost saving can be done since the outside agency will charge only fraction of cost of what would be charged by an in-house accountant.   2)       One window solution - Another advantage is that by outso...