Author: deluxurystandard

As evident from the statistics above, India is the most preferred talent hub for global digital and tech companies. As of 2024, India has 2.5 million surplus talents for content creation, social media, software development and other tech/digital roles. While the demand for digital talents has grown with time, the supply of suitable candidates has not kept pace. Evidently, the demand for Indian talents amongst global digital and tech agencies has been rising consistently over the years. 12% of digital agencies are hiring only remote talents and this number will keep growing.

If your talent is not meeting your expectations, you must share your feedback in a constructive manner and ask them about the challenges they face. If you are looking for a partner that can do most of the heavy lifting for you, which includes sourcing, vetting, and matchmaking, you should go for tech-based hiring platforms. Ultimately, we had two choices – seek expert help or pause remote hiring for a while” – Hiring manager of a reputed advertising agency We were looking for the ‘right fit’ who would align with our time zone and org culture, but there were too many things to manage at once and the long onboarding times didn’t help either. “The entire remote hiring and management process was very overwhelming for us. Without knowledge about the landscape, culture, the process, and what type of hiring method is right for you- this can lead to hiring the wrong-fit.

Well-developed infrastructure and technology

The IT outsourcing landscape is rapidly evolving, driven by advancements in technology, shifting business needs, and global market dynamics. The ideal outsourcing model to India would vary depending on your business type, size, budget, the scope of projects, and degree of control preferred. The project is delivered end-to-end by the outsourcing partner in India, from development to testing to deployment. This model is suited best for businesses that have a well-defined set of goals, timelines, and scope. Work can be outsourced at the end of one day and done by the beginning of the next—ideal for fast development cycles and 24/7 support.

How surplus human tech talent in India is impacting the global hiring digital & tech industry?

Handling distant teams from across the continents may create misunderstandings regarding deadlines, divergent objectives, or creeping scope unless projects are strictly followed up. Transferring sensitive information across boundaries may cause fears of data abuse, cyberattacks, or failure to conform to global norms such as GDPR or HIPAA. Develop clear communication by utilizing detailed documentation, regular video conferencing, and collaboration tools like Slack or Zoom. This impacts clarity in project requirements and holds up execution if not addressed upfront. Being aware of what to expect and how to face these challenges could be the difference between a failed outsourcing alliance and a successful one.

Focus on Innovation and Emerging Tech

With the increase in cyber threats and data breaches, businesses are prioritizing cybersecurity, often outsourcing this critical function to ensure robust protection. Indian companies have strengthened their remote workforce capabilities, making it easier for businesses to integrate Indian teams into their operations regardless of geographic location. Indian outsourcing firms are adopting AI and automation tools to provide more innovative solutions, thus helping clients achieve greater operational efficiencies at reduced costs.

• In the modern world, with its increased globalization, businesses in the US are always on the lookout for ways to streamline processes, minimize expenditure, and maintain their position in the marketplace.
• According to a survey by Deloitte, 59% of respondents said they are already outsourcing from India and 22% said they are planning to Outsource from India.
• Companies from developed nations offshore parts of their business processes to India as they are able to majorly cut costs.
• This can be particularly difficult for businesses outsourcing for the first time.

The country’s market share is expected to grow, as more businesses look to India for quality and cost-effective outsourcing solutions. As more companies embrace outsourcing to reduce overhead costs and focus on core competencies, the global IT outsourcing market is projected to reach $769.7 billion by 2024, with consistent growth beyond that. India’s IT outsourcing industry has adapted to the demand for agile methodologies, with many vendors offering agile development and DevOps services to help companies rapidly scale and innovate. India remains a key player in providing cloud solutions, with top IT firms offering everything from cloud storage to managed services, allowing businesses worldwide to scale efficiently. As businesses move toward digital transformation, the demand for cloud-based IT services has skyrocketed. Quality services provided by the country’s skilled professionals primarily attract companies to choose India for their outsourcing needs.

• AI, machine learning, and automation are no longer just buzzwords—they’re driving business operations.
• In the modern global business landscape, knowing how to outsource work from the USA to India is essential for leveraging cost-effective solutions and accessing specialized skills.
• India’s IT outsourcing industry has adapted to the demand for agile methodologies, with many vendors offering agile development and DevOps services to help companies rapidly scale and innovate.
• Assess the performance of the outsourcing partner against predefined metrics, identify areas for improvement, and implement corrective actions as needed.

As a result, it is easier for businesses to explore Indian industries and talents without worrying about the impact of global politics. Indian talents have the skill and capability to power the success of global tech and digital companies, which is why they are in such high demand. Hence, finding skilled and reliable talents has become a major hiring challenge for global digital agencies. This trend is reshaping the outsourcing landscape, with businesses seeking partners that can provide not just IT support but also strategic insights into how to digitally evolve. Businesses are increasingly outsourcing IT services to support their digital transformation efforts, which include integrating cloud, mobile, data analytics, and Internet of Things (IoT) technologies.

However, it is up to the employers to decide if outsourcing to India or offshore hiring is indeed right for them and which hiring method to adopt before listing the job requirements. According to a 2022 report, offshore companies are expected to spend $200 billion on talent acquisition and retention in India by 2025. Indian talents are smart and hardworking, which is why I wanted to hire them.” – Baris Agacdan, Director at Dentakay Turkey. Ad agencies across the globe need tech talents too, to keep up with the growing competition and meet client demands.

Seamlessly integrated into Sevaro Health’s operations, this diverse team contributed to why is accounting important the company’s product development and expansion endeavors. Aphelia took on the challenge by creating a tailored team of skilled professionals for Sevaro Health. By prioritizing data security, organizations can instill confidence in their clients and stakeholders, mitigate risks of data breaches, and uphold trust and integrity within the outsourcing partnership.

Independent Professionals

According to a survey by Deloitte, 59% of respondents said they are already outsourcing from India and 22% said they are planning to Outsource from India. This guide will help in understanding the essential steps, best practices, and considerations for a successful outsourcing partnership.

Infrastructure Challenges

The appeal of outsourcing to India goes far beyond simple cost savings, though that remains a primary driver for most businesses. India is also responsible for roughly 55% of global services outsourcing.¹ This article will break down the pros and cons of that. Sometimes, businesses outsource a single initiative like an app build, payroll migration, or compliance audit—to an Indian partner. Indian outsource agencies—commonly referred to as BPOs offer comprehensive services including customer support, IT, and back-office operations. Platforms such as Upwork, Toptal, or Freelancer connect U.S. firms with skilled professionals for tasks like software development, digital marketing, or content creation.

From chatbots to predictive analytics and intelligent automation, IT outsourcing is increasingly focused on these cutting-edge technologies to improve efficiency, accuracy, and decision-making. AI, machine learning, and automation are no longer just buzzwords—they’re driving business operations. This is also a blended approach where you onboard skilled professionals temporarily from India on your in-house team to mitigate skill gaps or manage increased loads of work. Let’s examine the most common outsourcing models and how to choose which one meets your needs. Implement designated managers on either side and apply agile approaches to maintain timely deliveries. Implement project management tools such as Jira, Trello, or Monday.com to have proper visibility and follow the progress.

Mobile app development

Regular check-ins allow you to address any issues or concerns promptly, ensuring timely resolution and alignment with project goals. Schedule frequent progress reports and updates to stay informed about the status of outsourced projects. This fosters long-term trust and fosters a reputation for reliability and excellence in outsourced projects.

Assess the quality of work delivered against predefined standards and expectations to ensure consistency and alignment with project objectives. Utilize project management tools and communication channels to stay informed about project milestones, tasks completed, and any potential delays. Monitor progress and performance by regularly tracking the advancement of outsourced projects and evaluating the performance of the offshore team. Communicate project objectives, scope, timelines, and deliverables to ensure a shared understanding of the project requirements. Provide comprehensive project details to the outsourced team to familiarize them with your company’s processes, tools, and expectations. By establishing robust communication channels and utilizing appropriate tools, you promote transparency, alignment, and productivity within the outsourcing arrangement.

Let us handle the ins and outs of incorporation and compliance so that you may devote your time and energy to what matters most-growing your business. By connecting you with our extensive marketplace of vetted professionals-including accountants, lawyers, and payroll experts-we ensure that your team is fully compliant and supported. These strategies would enable them to gain maximum benefits from the outsourcing business with assured growth in any market condition. Their business is likely to be competitive in a global marketplace. In the same way international business keeps evolving, the strategy for outsourcing to India evolves. In conclusion, outsourcing from the United States to India presents a great opportunity for American companies to work smarter for less while accessing the enormous available skill set.

Why Choose India for IT Outsourcing? Major Benefits Explained

When outsourcing services to India, managing international payments efficiently becomes crucial for your business operations. Financial services is another, with accounting firms outsourcing to India, what is a cost sheet definition components format outsourcing audit work to India, and tax preparation outsourcing to India becoming increasingly common. This can be particularly difficult for businesses outsourcing for the first time. Outsourcing digital marketing to India or outsourcing graphic design work to India can accelerate project timelines significantly when managed properly. Whether you’re outsourcing SEO to India, outsourcing web development to India, or outsourcing customer service to India, you’ll find professionals with relevant experience and certifications.

India’s quality of education, particularly in technical fields, has improved dramatically over the past two decades. Labor costs in India are significantly lower than in the United States. Regulations change over time so please consult a lawyer, accountant  or Labour Law  expert for specific guidance. Done correctly, outsourcing to India can revolutionize operations, cut overhead, and accelerate growth. Companies need to pay attention to due diligence, thorough documentation, consistent communication, and continuous training what is the main disadvantage of accrual accounting in order to develop productive, long-term relationships.

As businesses continue to look for ways to optimize costs, increase efficiency, and stay competitive, outsourcing to India remains one of the top strategies. Small teams or start-up companies would thrive with managed services or project-based services, while enterprise-level organizations may find it advisable to have dedicated teams or staff augmentation for greater flexibility and scale. This reduces communication barriers and allows for efficient collaboration with global clients, particularly for IT help helpdesks, customer support, and technical projects. What this implies is that firms outsourcing to India are able to access a large, educated, and technologically competent workforce willing to work on challenging software and digital transformation projects. It’s about gaining a gateway into an enormous talent pool of skilled professionals and technological innovators and the capacity to work around the clock as a means of enabling businesses to work smarter, not harder. For the first time, there is a reliable method of analyzing, comparing, and tracking firms across the $250 billion global outsourcing industry.”

My Accounting Course  is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. Understanding a balance sheet builds the groundwork for analyzing more complex financial concepts like leverage, liquidity, and valuation. Inventory, for example, is recorded at cost initially even though the resale value may be expected to be higher than cost. Inventory that is old or unsaleable is typically written off or sold at a loss. Finally, unless he improves his debt-to-equity ratio, Bill’s brother Garth is the only person who will ever invest in his business.

Shareholders’ equity defined

A well-prepared balance sheet provides accurate financial insights, supports decision-making, and ensures compliance with financial standards. Learning from experts helps professionals develop strong accounting skills, financial analysis techniques, and compliance knowledge. This equation ensures that a company’s resources (assets) are balanced by its financial obligations (liabilities) and owner contributions (equity). Looking for https://www.bookstime.com/ an even simpler way to create balance sheets that support your business?

• Balance sheet, or statement of financial position, is one of the four financial statements which shows the company’s financial condition at a given point in time.
• These investments are reported as a current asset if the investor’s intention is to sell the securities within one year.
• CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation.
• Current assets are the same as short-term assets and those are assets that are expected to be sold or turned into cash within one year.

What are common mistakes in preparing balance sheets, and how can they be avoided?

This balance sheet template includes tallies of your net assets — or net worth — and your working capital. Download the sample template for additional guidance, or fill out the blank version to provide a financial statement to investors or executives. The balance sheet includes information about accounting balance sheet a company’s assets and liabilities, and the shareholders’ equity that results. These things might include short-term assets, such as cash and accounts receivable, inventories, or long-term assets such as property, plant, and equipment (PP&E).

• It provides a source of funding but unlike liabilities, no repayment obligation exists.
• This ratio compares the amount of cash + marketable securities + accounts receivable to the amount of current liabilities.
• The Balance Sheet is a fundamental financial statement that provides valuable insight into a company’s assets, liabilities, and equity.
• However, rather than copying every data point in the same format as reported by Apple in its public filings, we must make discretionary adjustments that we deem appropriate for modeling purposes.
• A well-prepared balance sheet provides accurate financial insights, supports decision-making, and ensures compliance with financial standards.
• ✅ Measures a company’s ability to pay short-term obligations using current assets.✅ Helps determine if the company can cover expenses without financial strain.
• Cash and cash equivalents include cash and highly liquid assets with a short term to maturity (usually 90 days).

Key Ratios Derived from the Balance Sheet

• This tells the reader that the amounts reported for sales and expenses are the total amounts for the 365 days of the year.
• It is not merely a statistical document, but rather the backbone for analyzing financial performance and making crucial decisions.
• The credit balance in this account comes from the entry wherein Bad Debts Expense is debited.
• This means that the amounts shown are unlikely to approximate market values.
• This video training consists of 14 videos of approximately 10 minutes each.
• They are grouped as current liabilities and long-term liabilities in the balance sheet.

In contrast, the balance sheet aggregates multiple accounts, summing up the number of assets, liabilities, and shareholder equity in the accounting records at a specific time. The balance sheet includes outstanding expenses, accrued income, and the value of the closing stock, whereas the trial balance does not. The balance sheet gives investors and creditors a snapshot of how effectively a company’s management uses its resources. Just like the other financial statements, the balance sheet is used for financial analysis and calculating financial ratios. A balance sheet, along with the income and cash flow statement, is an important tool for investors to gain insight into a company and its operations. It is a snapshot at a single point in time of the company’s accounts, covering its assets, liabilities, and shareholders’ equity.

Excel Cash Flow Statement Template

The Balance Sheet, also known as the Statement of Financial Position, is one of the five essential Financial Statements that provide crucial financial information about an entity at the end of the balance sheet date. One of your top priorities as a small business owner is keeping a close eye on the money you bring in and pay out, which is why it’s critical to have the right accounting software. You need a program that helps you accomplish your daily accounting tasks. With the example above, calculate the twelve balance sheet ratios for the company ABC Limited. The ratios are also used in comparing to the previous periods to analyze the company’s condition over time; whether it is improving or getting worse. Of that amount, Nick owes $2,800 to a creditor and his independent contractors, leaving him $17,350 in equity.

• Property, Plant, and Equipment (also known as PP&E) capture the company’s tangible fixed assets.
• It is a snapshot at a single point in time of the company’s accounts, covering its assets, liabilities, and shareholders’ equity.
• The ordinary share is recorded at par value in the balance sheet under equity sections.
• Using debt (such as loans and bonds) to acquire more assets than would be possible by using only owners’ funds.
• The $1 million difference is recorded as the intangible asset goodwill.

How is the Balance Sheet used in Financial Modeling?

The statement of cash flows (or cash flow statement) is one of the main financial statements (along with the income statement and balance sheet). The income statement, statement of cash flows, statement of comprehensive income, and the statement of stockholders’ equity report information for a period of time (or time interval) such as a year, quarter, or month. Usually financial statements refer to the balance sheet, income statement, statement of comprehensive income, statement of cash flows, and statement of stockholders’ equity. It is one of the three primary financial statements a company prepares – the other two being the income statement and the statement of cash flows. The balance sheet allows information readers to be aware of how much a company owns and owes.

The current liability deferred revenues reports the amount of money a company received from a customer for future services or future shipments of goods. Until the company delivers the services or goods, the company has an obligation to deliver them or to refund the customer’s money. When they are Payroll Taxes delivered, the company will reduce this liability and increase its revenues.

Your balance sheet shows what your business owns (assets), what it owes (liabilities), and what money is left over for the owners (owner’s equity). A balance sheet is one of the most critical financial statements used by businesses, investors, creditors, and regulators to assess an organization’s financial position at a specific point in time. It provides a detailed overview of what a company owns (assets), owes (liabilities), and the residual interest of its owners (equity).

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Save 70% on employment costs, whilst driving quality & growth. His Manila-based firm helps companies build and operate their offshore teams.”

Firms looking for predictable delivery and cost reduction across routine CAS functions find CapActix especially effective. Services include monthly close, reconciliations, payroll, AP/AR, reporting, and white-labeled CAS delivery. It enables CPA firms to meet seasonal surges, scale without hiring cycles, and shift their focus to high-value advisory.

Clients benefit from overnight delivery models, real-time dashboards, and FTE flexibility, making it a true CAS extension, not just outsourced help. Outsourced accounting has emerged as the preferred model for CPA firms looking to build smarter, more agile practices. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

Start your 30-day free trial of our bookkeeping software today

Maximize efficiency with custom accounting solutions that streamline financial depreciation tax shield processes. Outsourced accounting typically handles your day-to-day accounting operations and financial reporting. BPM’s experienced team will work with you to develop a tailored solution that drives efficiency and growth. Our partnership isn’t just about managing numbers—it’s about unlocking your business’s full potential through financial excellence. Unlike traditional staff leasing models that simply provide temporary personnel, we offer a comprehensive team approach that becomes an integral part of your financial strategy.

• For the first time, there is a reliable method of analyzing, comparing, and tracking firms across the $250 billion global outsourcing industry.”
• BPM’s experienced team will work with you to develop a tailored solution that drives efficiency and growth.
• In 2025, accounting outsourcing is no longer just a cost-cutting tool—it’s a growth strategy.
• Outsourced accounting has surged in popularity over the past two decades.

For others, it can feel a bit impersonal – you’re one of many, and experiences vary depending on which professional you’re assigned. Just don’t expect deep strategic advice or CFO-style guidance – that’s not what they’re selling. Great if you want generalist experience; less ideal if you’re looking for very deep sector-specific benchmarking. Ideal if you’re a US-based owner who wants someone to not only keep the books tidy but also ask awkward, important questions about pricing and spending. They’ll tackle AP/AR, payroll, month-end close, and management reporting. But if you’re a venture-backed or fast-growing company that lives in metrics, their accrual-first mindset and board-friendly reporting can be worth it.

Bookkeeper360 is a versatile outsourced accounting service for small and medium-sized businesses seeking expert financial management. With services ranging from day-to-day bookkeeping and payroll management to advanced financial forecasting and virtual CFO services, Ignite Spot helps businesses achieve financial clarity and stability. Ignite Spot specializes in providing outsourced accounting solutions designed to support the unique needs of small and medium-sized businesses.

The #1 outsourcing authority

• Let’s explore how NOW CFO can support your success by scheduling a complimentary strategy session.
• The next chapter of your business starts with one call.
• Outsourced accounting services are designed to be flexible and can scale with your business.
• Whether you’re a small business owner or a freelancer, they’ll tailor their services to your unique requirements.
• Instead of spending your time buried in spreadsheets or worrying about tax deadlines, you can focus on what you do best—running your company.
• Skilled in-house professionals can let the outsourced team keep track of all data entry tasks and simply oversee the completed records to ensure they’re error-free.

This model allows you to control costs more effectively, paying only for the expertise required at your current stage of business. It’s about transforming your accounting from a reactive chore into a proactive tool that helps you plan for the future, reduce stress, and build a more profitable business. The right outsourced firm brings a level of expertise and efficiency that’s tough to replicate with a small in-house team. Instead of spending your time buried in spreadsheets or worrying about tax deadlines, you can focus on what you do best—running your company. They handle the day-to-day financial management, freeing you up to concentrate on your core operations and growth strategies.

Anchin Client Accounting Advisory Services

At BPM, success with outsourced accounting comes from more than technical capability – it requires a true commitment to understanding and advancing your business objectives. Transform your financial management from a back-office function into a strategic driver of business growth. In 2025, accounting outsourcing is no longer just a cost-cutting tool—it’s a growth strategy. Hiring local accounting teams comes with high salaries, operational costs, and compliance risks. Book a discovery call with QX’s onboarding team and prototype your outsourced accounting model with measurable ROI and built-in scalability. Leading outsourced accounting firms work with top platforms including QuickBooks Online/Desktop, Xero, NetSuite, Sage Intacct, CCH Axcess, and custom Excel-based workflows.

Accounts Payable/Receivable

A good outsourced partner is adaptable and typically works with a variety of modern, cloud-based accounting platforms like QuickBooks Online or Xero. When you’re interviewing potential firms, you should always ask them to walk you through what is reversing their specific security protocols and practices. As your business grows, you can easily scale up the services you receive without any disruption.

Pricing

Recognizing these signs can help you make a proactive choice to get the is depreciation an operating expense support you need, rather than waiting for a small issue to become a major headache. If you’re wondering whether you’ve hit that tipping point, there are a few clear signals to watch for. Many business owners reach a point where managing the books in-house starts to create more problems than it solves. Deciding to hand over a piece of your business to someone else can feel like a huge step.

How to Monitor Performance and Quality

Each level of service builds upon a strong financial foundation to deliver increasingly strategic value to your organization. At BPM, we provide a range of capabilities that scale alongside your business growth. Outsourcing improves accuracy, ensures compliance, and keeps finances audit-ready without the cost of a full-time hire. Yes, especially if daily reconciliations, invoices, or expense tracking take time away from growing your business. Remote recruiters leverage global networks and digital tools to deliver results equal to in-house teams, often with added flexibility. It’s about aligning people with purpose, ensuring cultural fit, and shaping long-term business growth.

Every industry has its own financial quirks, from specific tax regulations and revenue recognition models to common cash flow challenges. When you’re ready to start the conversation, you’re not just hiring a service—you’re bringing an expert onto your team. This relationship should provide financial clarity, strategic guidance, and peace of mind. Many business owners worry that outsourcing means losing control over their finances. This adaptability makes outsourcing a smart, long-term strategy that supports your company at every stage of its journey.

Top 10 Best Outsourced Accounting Services

Even larger firms in transitional phases, such as M&A or rapid expansion, use these external accounting services to supplement in-house teams during peak periods. Outsourced accounting services provide scalable solutions that replace costly in-house hires and support solid financial control. Based in Canada, Bench only provides bookkeeping and tax preparation services for small businesses and firms in the United States. They support US and UK CPA firms and corporations with bookkeeping, payroll, sales tax, audit support, and fractional CFO services – all under one roof. These services help businesses streamline their financial management, reduce operational stress, and save costs compared to hiring an in-house team.

The provider aims to support firm growth through offshore staffing, generating cost savings that can be reinvested elsewhere in the business and making it easier to add profitable service verticals. As a nearshore provider, accounting firms in the United States and Canada might like that the Cadencia team operates in the Central Time zone, making it easier to align schedules than offshore teams. Cadencia is a Mexico-based company that gives firms access to a pool of outsourced accounting and finance professionals. The Essential plan, starting at $750 per month, includes the native bookkeeping software and a dedicated controller and team to handle full-service outsourced bookkeeping tasks. In addition to tax preparation, they perform other duties like month-end financial reporting, tax advisory, and monthly bookkeeping services. They have performed bookkeeping tasks for thousands of businesses throughout the year, both big and small.

As your company faces a high level of regulation, you can sit back and let your outsourced accounting professionals adhere to compliance requirements with the various regulatory bodies. What exactly are the kind of organizations that benefit from outsourced accounting? To elaborate on how it helps organizations, this guide takes a look at what outsourced accounting is and its top benefits. NOW CFO’s outsourced services are powered by a national network of certified professional CPAs, controllers, payroll specialists, and automation experts. Outsourced payroll services handle wage calculations, tax withholdings, deductions, and filings across jurisdictions. Outsourced accounting accelerates month-end close and reporting through dedicated teams operating in structured schedules.