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“We looked into what happens to a dollar of U.S. corporate spending when a company moves a service job to India. We found that, far from being a zero-sum game, offshoring is a story of mutual gain, benefiting both countries. The receiving economy (India) captures 33 cents, in the form of wages paid to local workers..but the gains to the U.S. economy are much larger. The most obvious source of value is the cost savings enjoyed by U.S. companies. Thus, far from being bad for the United States, offshoring creates net value for the economy – to the tune of $1.12 to $1.14 for every dollar that goes abroad.
- THE MILKEN INSTITUTE REVIEW” |
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| Principles of Accountancy remain the same in every part of world. Accounting Transcription means sending the raw data through internet for outsourcing at a distinct place, processing of data and re-transmitting the processed data to the principal in a prerequisite manner. | |
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Objective |
| The very purpose of outsourcing the work of book keeping and accounting by a foreign accountant to an Indian accountant is primarily the huge difference of the exchange rate. As a result the Global market finds this avenue cheaper and save a lot whereas the Indian accountant finds it remunerative.
Another important benefit is that practically the office functions for nearly 24 hours due to the timing difference. So the foreign accountant can assure his client to finish his job over night and provide thereby the quickest possible service with pin-pointed perfection. |
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Services |
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Preparation of Books of Accounts |
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Preparation of Bank Reconciliation Statement |
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Maintaining accounts receivables, accounts payables, etc. |
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Monthly MIS Reports |
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Preparation of Income & Expense Statement etc. |
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Preparation of invoices |
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Payroll reconciliation |
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Rent roll Processing and its reconciliation in case of property related accounts |
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Preparation of expense vouchers, suppliers invoices, check deposit memo and any other documents |
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