Why Outsourcing
For the success of any business entity, the maintenance of adequate, accurate accounting record and generating reports on timely basis is essential, and coupled with legal compliance requirements, it is imperative that the accounts are maintained properly.
With the Govt. going more and more on self-declaration basis, it is essential on the part of business owners to maintain accounts properly and ensure timely compliance of statutory obligations.
Gone are the days, where we used to have one accountant, who will sit and write manual books all day, and will prepare reports as required by the owner as and when he wants.
With the advent of various business models, and complex business situations, multiple products, multiple locations, multiple prices etc. the complications have grown which should be properly captured in the accounts to give correct picture.
Today there are various stake holders who are keen understanding our accounts, like, Bankers, Suppliers, Employees, Govt. Authorities, whose only source of information is the accounts given by the companies. Hence it is all the more important to maintain proper accounts.
With the pandemic COVID 19 spoling every activity of the business, irrespective of size, volume etc. the business people are more focussed ins saving cost, even a rupee saved is considered huge now, and getting quality manpower to maintain accounts is becoming a difficult task.