Why should I outsource my accounting work?

It is to scale up your business during good economic conditions without creating additional overheads. You can also cut down costs during times of recession by outsourcing your accounting work. In other words, you can increase your focus on your customers while scaling up your business by outsourcing the accounting processes to a reliable service provider.

Outsourcing is for big companies; we are a small and medium sized business (SMB). Do we really need it?

Fortune 500 enterprises have taken advantage of outsourcing and they are able to reduce cost and improve productivity at the same time. Small and medium businesses can profit enormously by similar ideas and methods. In fact, Small and medium sized businesses with revenues ranging between $500k and $25m per month can benefit more from outsourcing bookkeeping and accounting services than a Fortune 500 enterprise with a full-fledged accounting department. There are many difficulties of running a small business and hence outsourcing few processes will help in getting more time for client facing activities.

How can I outsource my accounting work ?

It is as easy as 1-2-3 to outsource your accounting work.

• You keep your accounting system in your premises.
• You need to scan all accounting documents and store them as digital files.
• We will access your computers in a safe/secure way, read the documents, process them according to your business rules and update your accounting records.

What should we outsource in accounting?

You can outsource the following to get effective results

• Maintain books of accounts
• Order to Cash Cycle
• Procure to Pay Cycle
• Payroll processing
• Tax Return Preparation
• Financial Reporting and Analytics

Can you explain in detail how this outsourcing is going to work?

• Scan all business documents - purchase orders, invoices, goods receipts, sales orders,sales invoices, collections, payments, expense reports, payroll inputs.
• Stored them in a computer at your office.
• Share these documents and your accounting system with us. (provide us access details)
• We will access your computer remotely and securely.
• Read the scanned images and update your accounting system.

Do you have the required Infrastructure?

Our office and delivery center is located at Trichy, the academic capital of Tamil Nadu state in India. We have qualified and experienced people to carry out the back-office accounting work for you. In addition, DexFACT has excellent infrastructure, which includes latest servers, computers, up-to-date licensed version Software and secure communication systems.