Bookkeeping and accounting services aid in the progression of most small businesses who want to outsource certain business functions.

Offshoring is more of an idea to move the entire business process from one region to another. This includes accounting, human resources, manufacturing or software development. Outsourcing, in contrast, is the shifting of internal business processes to another company within a different region.
Basically, a company moving around a group to a different company based half way around the world would be outsourcing and offshoring. Examples include a bank with a customer service department having it outsourced to India from United States and a clothing manufacturer with a facility in the USA having it outsourced to Vietnam.

Outsourcing bookkeeping and accounting is a smart move for small businesses. Because the bulk of transactions are nominal, fixed costs are turned into variable costs by outsourcing the work to bookkeeping and accounting service providers. Instead of paying a fixed cost for salaries and wages, by way of outsourcing bookkeeping and accounting services, your small business can simply pay a low hourly rate or a flat fee when the services are required.

Advantages of outsourcing bookkeeping and accounting

Lowered costs
Bookkeepers who are employed locally can demand higher fees and small businesses can experience high costs for accounting software installation, upgrading, and upkeep.

Concentration and harmony
By outsourcing bookkeeping and accounting services, your mind is centered on the really important things to push the business into more profitable and productive adventures.

Top secret confidentiality
Most bookkeeping and accounting service providers guarantee your data is secure and will not infringe on confidentiality.

Expert advice from trained professionals
Bookkeeping and accounting service providers usually hire people with accounting certificates such as Certified Public Accountant [CPA] or Certified Internal Auditors [CIA].

Simple and flexible
Outsourcing bookkeeping and accounting is somewhat like employing a part-time employee. The outsourcing work can be matched to meet the exact requirements and preferences of each company.

Data Redundancy
Bookkeeping and accounting providers usually guarantee your data security by maintaining a redundant backup data policy.

The overall goal of any bookkeeping and accounting service provider is to help a small business experience a simple outsourcing solution to quell their accounts payable, accounts receivable, financial reporting, and other related tasks. They will also aid you in bill payment, invoicing, bookkeeping, and several other types of services.