Which accounting activities are outsourced?

Due to advances made in the field of telecommunications it has become easy to transfer various accounting activities to offshore locations. Although other Asian and European countries are involved, India is recognised as the preferred location because labor supply is both cheap and plentiful. The following is a list of commonly outsourced accounting services:

• Company start-up and Secretarial services
• Bookkeeping
• Statutory accounts
• VAT returns
• Corporate & personal tax returns
• Payroll services
• Management accounts
• Credit control
• Cash flow projections
• Budgeting & forecasting
• Financial reporting