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Outsource Accounting Services to India

For Improved Business Results, Better Cash Collections

Your accounting department can be called the nerve centre of your business operations since it handles the day-to-day tasks such as accounts payable, accounts receivable, transaction coding, payroll, management financial reporting and many other services.

From advanced bookkeeping and accounting to customized management reporting and controller services, your outsourced accounting service can literally transform your organisation’s finance function.

So, why outsource this key function, and especially, to India? Well, accounting services, while crucial, are also extremely time and labor intensive. They call for accounting specialists and experts who can be very expensive if hired locally. Outsourced accounting work to India gives you all the business agility that you need while maximizing your savings, helping you focus on your core business functions, and driving transformational change for improved business results.

Here are some business-changing benefits of offshore accounting services:

  • Freedom to grow your business

    Work on your business while we handle your accounting through the use of secured cloud-based accounting software; which enables you to have access to your accounting records from anywhere in the world at any time.

  • Real-time advantage

    The vast majority of remote accounting services in India help you hire virtual accountants who can work your business hours, thus giving you real-time accounts processing, as it comes in.

  • Eliminate Recruitment Costs

    Having an in-house accounting department isn’t cheap. From hiring to training and maintaining an accounting department, it all sucks a huge part of your budget. Outsourcing the accounting function effectively eliminates hiring and training costs.

  • Retain your knowledge bank

    High attrition rates can rob you of valuable and experienced accounting assistants. Have no such fear when you outsource accounting services. The risk of knowledge loss goes down and business continuity goes up with outsourced accounting services.

India has a vast talent pool of accounting experts that also have an excellent command over the English language. Outsourcing companies in India, such as Virtual Employee, help you focus on your core business rather than trying to manage your accounts.

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360° Accounting Services

The complete range of Accounting services for Small and Medium Businesses

Accounts Payable

Your VE Accountant is expert in approving invoices, matching invoices and vendor records, issuing checks, and making a record of all payments.

Accounts Receivable

From managing customer payments by recording cash, checks, and credit card transactions to verifying and entering transactions from local deposits, your online accountant can do it all.

Bookkeeping

VE’s Bookkeeping experts specialize in custom reports, employee reports, break-up of expenses, general bookkeeping, bookkeeping clean up, trial balance services and more

Payroll

VE’s Payroll processing specialists are adept at Payroll general ledger reporting services, Payroll tax service, Payroll administration services, Paymaster payroll services, Job costing analysis, Payment Processing and more.

Financial Reporting

Get reports on balance sheet, income statement, cash flow statement, bank reconciliation report, detail general ledger report and fixed asset account management. Efficient financial reporting helps you gain a competitive advantage.

Consulting

From business valuations and financial retirement decisions to giving advice to clients on the financial strategies by identifying areas that are negatively affecting the business’s profitability and growth, VE’s accountants offer an impressive array of accounts consulting services.

Tax Planning

Avail a wide range of tax services as VE’s accountants help in developing new tax codes that help you in keeping up with your country’s specific tax regulations and help you meet your financial deadlines and requirements.

Company Formation

Whether you plan to form a limited company or require help in the registration of office address, get expert accounting insights from our resources. Save on time involved in information gathering and analysis.

Bank Reconciliation

Get the entire range of bank reconciliation services here, from bank statement reconciliation; credit card reconciliation; invoice matching with your ledger and balance sheet reconciliation

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6 Benefits of Outsourcing Your Accounts Department to VE

VirtualEmployee is one of the leading accounting services provider in India and helps you hire accountants for small businesses.

VE’s Accounting services team brings a collective 50+ years of specialized experience to help you in all areas of the accounting domain. One of the most trusted and reputable outsourcing companies in India, Virtual Employee boasts of an impressive client base of 3021 clients spread across 30 countries around the globe.

Data Security

Your data is stored on secured servers in the cloud protecting against physical data loss, and to enhance business continuity.

Free Trial

Unsure if we are the right fit? Try us before you hire to assess the caliber and expertise of your offshore accountant.

Your Own Offshore Office

With VE, you don’t really outsource but get a world-class, fully supervised offshore extension of your own local office here in India

Multiple Skills

Hire junior, mid-level or senior & Accounting experts and also benefit from the diverse experience & skills of our team.

Easy Communication

Get in touch with your remote employee easily through our multiple communication channels (Skype, email, telephone, etc).

Zero Overheads

From office rent, infrastructure to HR, accounts and admin, VE takes care of everything for you.

Our 8-step Accounting Cycle

From Transactions to Closure, meet all your Accounting requirements with us

VE’s accountants follow a holistic 8-step accounting cycle of recording and processing all financial transactions of a company right down to closing the accounts.

1

Transactions

The accounting cycle starts with financial transactions such as paying a debt, sale and purchase of assets, sales revenue, and other expenses.

2

Journal Entries

Next comes, recording these transactions in the company’s journal in chronological order.

3

General Ledger Posting

This is followed by posting these journal entries to the general ledger, offering an overall view of all transactions.

4

Trial Balance

A total balance is calculated for the accounts at the end of the accounting period (which varies from company to company)

5

Worksheet

Trial balance needs a very minute attention to details and the worksheet helps identify errors or misses if the debits and credits on the trial balance don’t match.

6

Adjusting Entries

At the end of the company’s accounting period, adjusting entries have to be posted to accounts for accruals and deferrals.

7

Financial Statements

The company’s financial statements can then be readied by preparing the balance sheet, income statement, and cash flow statement.

8

Closing

The last step involves closing the revenue and expense accounts of the company and zeroing out for the next accounting cycle.

Industry-specific Accounting Services

Get specialised Accounting services in your industry or domain

Real Estate

Hospitality

Insurance

Healthcare

Banking and Finance

Manufacturing

Retail & Wholesale

Law Firm

Choose From Our 3 Easy Hiring Models

Hire Accounts experts on monthly, part-time, hourly or fixed cost basis

Dedicated Model

You are assigned one Accounts expert exclusively. Get complete control over your employee and project.

Team Model

Now, you can hire a team of individuals with mixed skill sets, but pay for the equivalent of just one resource.

Full-time, Part-time or Ad-hoc

Depending on the amount of work, you can go for an 8-hour/day, 4-hour/day or ad hoc Accounts work.

Hiring Was Never This Easy

Our innovative business model enables you to win over the complications of traditional outsourcing because you get to choose who you want to work with.

  • Brief Us

    What kind of a accounting tasks are you looking for?

  • Hand-pick the Best Resources

    We offer you screened CVs of our shortlisted Accounting experts.

  • Choose Your Team

    Interview selected candidates via phone or video conference. Assign them tests, if you want to.

  • Get Going

    If you’re happy with the results, hire them straight away, and start instantly.

Client Appreciation For Our Number-Crunchers

Frequently Asked Questions

Why should I hire an online Accountant for my small business?

If you find that your small business is always crunched for time and your staff overworked, then you should definitely hire online accountants. You’ll save an enormous amount of time, and peace of mind that an expert is taking care of your accounting needs, on time and accurately with nothing overlooked.

What are the main services provided by Indian professionals?

The dedicated accounting experts hired from India provide support in the following domains: billing services, bank reconciliation, payroll processing services, computerized bookkeeping support, fixed assets management, accounts payable, vendor management, preparation of accounting manual, etc.

How does an online Accountant help out a Small Business?

Online accountants for small-businesses do a plethora of accounting tasks that not just simplify the day-to-day working of the company but also help free up valuable capital, time and resources. They also help a small business to grow and expand by forecasting business trends, and thus help in big-picture financial decisions and reporting.

What are the qualities of accounting professionals from India?

Indian accounting professionals are proficient in the English language. The remote dedicated staff hired from VE delivers customized and accounting solutions within the stipulated timeline. Indian professionals are renowned for showing commitment to client’s work and the service-level agreement (SLA).

What are the software and tools used by your accounting experts in India?

In order to perform a wide range of business function, the remote dedicated accounting experts use the following software: QuickBooks, Quicken, Peachtree, Sage Accounting, MYOB, and Business Vision.

How can we easily hire remotely working dedicated Accounting employees from India?

It’s quite simple. You contact us with the requirements of your project, and we will supply you with dedicated accounting professionals who you can interview. These virtual staff will provide tailor-made solutions to suit your individual needs.

How do I communicate with my employee?

When you outsource work to India to VirtualEmployee.com, we can provide your employee a telephone with a local number from your country. You can, thus, communicate via phone, e-mail, instant messengers, video conferencing, and/or Skype.

What shift hours can my virtual employee work?

Your virtual employee can work: a) your shift hours, b) overlapping shift hours, c) Indian shift hours. It all depends on what suits you best.

Read from Our Blogs on Accounting

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Published – Oct 23, 2018

Why the Practice of Outsourcing Accounting Continues To Boom

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Published – Jul 16, 2018

Outsource Accounting Services to Scale New Heights

It has been noticed that companies are becoming more efficient, profitable, and competitive by choosing to…

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Published – Dec 6, 2017

Outsource Payroll Processing Services and Minimize Business Risks

Outsourcing payroll services to India has many advantages. Companies that send payroll services to India can…

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