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Outsource QuickBooks Accounting and Bookkeeping Services FAQs

Simple straightforward answers to your questions on outsourcing QuickBooks Accounting services to India.

What accounting services can I outsource to India?

Invoice generation, tracking accounts receivable, sending reminders, generating accounts receivable reports, entering bills of vendors and tracking accounts payable, aging analysis, general ledger maintenance, financial statements, trial balances P & L accounts, balance sheet, customized reports, reconciliation of checking and credit card accounts, payroll processing services, data entry, claims administration and more.

What accounting services software does Outsource2india work with?

At Outsource2india, we work with all the popular finance and accounting services software like MYOB, all versions of QuickBooks, Quicken, Peachtree, Net Suite, Intuit's ProSeries, Intuit's Lacerte and many more. Read more about the finance and accounting services software we work with.

How can I monitor my bookkeeping in India?

Your bookkeeping information will be posted to a server in the US, UK or the country you are in, so it is easy to understand the history of every transaction. You can spot incorrect practices and quickly rectify them at their source. Check the complete history of any activity with one click. QuickBooks Online Edition maintains an Audit Trail for each transaction. You can even collaborate with your accountant or for that matter anyone you wish to let monitor information transactions. You can control who gets access to your books and what they can see and do.

Fine, but again, does my location make no difference at all?

The system gives both your employees and those of the service provider simultaneous access to real-time company data. So you can be in Denver or Detroit and the vendor can be in Bangalore or Shillong. It will still work! Everyone can log in together. You won't have to buy software or maintain a complicated network or server, which naturally helps you save both time and money.

What are some other advantages of using QuickBooks online?

Several actually. Upgrading is easy and seamless as compared to the usual software upgrade process. There are no hassles with older versions and legacy issues. Your QuickBooks team in India will always use the same up-to-date version as all their customers. Hence, there will be no impact to the user as QuickBooks is upgraded. You can use a single, secure login to access multiple company subscriptions and at the same time have differing permission levels per company. Also, the QuickBooks Online Edition currently has no limit on the number of simultaneous users. You can track everything because the always-on audit trail is available for inspection 24X7 and captures every user's every edit.

Why use QuickBooks?

Access books at anytime with QuickBooks on the web
QuickBooks has more than 50 customizable business reports
Invoices/statements can be sent to customers by email
QuickBooks can handle different accounting functions
QuickBooks is user friendly and economical

How much effort is involved in outsourcing QuickBooks accounting services to India?

Very little paper information needs to be transferred overseas. Your Indian partner will strive to set up a "Paperless office" that will be safe and secure. However, some documents may need to be scanned, faxed, or mailed to India.

What special training and knowledge is required?

All people who will be working for you will have a bachelor's degree and in many cases a Masters Degree. In addition, special training is provided in both the American accounting system and practices and in QuickBooks. Service providers require all people to go through Intuit's QuickBooks advanced training.

What about online security and security at your office in India?

No one can see your data online unless you allow them to. QuickBooks Online Edition encodes your transmissions with secure encryption. The facility in India has restricted access to the building and each employee has restricted access to your files and documents. No client data resides on servers in India. All employees undergo a screening process and sign confidentiality agreements.

How do I select a accounting services vendor?

We may be biased in our opinion in this case, but we do recommend looking at five things.

Speed, reliability and trustworthiness of customer responses
Communication abilities, whether this is communication skills or reliable email and phones.
Quality of management and the overall team
Customer references
Stability of Infrastructure

Outsource2india also offers Accounting Services specifically for Australian customers. Read about Outsource2india's range of Accounting and Bookkeeping Services for Australian customers.

What are the two most common models of outsourcing accounting services?

The most common outsourcing method for outsourcing accounting services is on a project basis. The other method is to hire an individual in India to work full-time or part-time for your company. It is just as if the person is working for you. You can build the relationship and loyalty with this person. All emails or phone calls go directly to such individuals. They report to you and you can hold them accountable. If they go on vacation, they need to provide substitutes to fill in for that period of time. This is called staff based outsourcing.