Outsourced Bookkeeping Services in India

  Last year, we’ve seen immense growth within the demand for payroll services. The interest in payroll outsourcing went up since the govt introduced the furlough scheme and new guidelines. Experts suggest 2021 will stick with this same pattern with more SMEs checking out their bookkeepers to supply payroll inside their packages. For quite a while, payroll has shared questionable notoriety among accounting firms: it’s either a disturbance, a weight, or an add-on administration inside a much bigger package that the majority of accounting firms offer out of need. In this blog, we’ve talked about the newest trends in payroll management to understand what the longer term holds for the payroll industry. #1. Payroll Outsourcing: a necessity during WFH In a study “ Payroll Outsourcing Trends 2021 ” done by an accounting firm: About 81% of bookkeepers who outsourced payroll, saw a spike of between 5% – 40% in their overall revenues.  The research additionally demonstrates the socio-economic sta

  In today's era, businesses across most sectors are vulnerable to various types of cyberattacks. And according to the 2019 Symantec Internet Security Threat Report, about 4800 websites are compromised every month by cyber attacks. And of all these businesses, Accounting/ bookkeeping is one such business that is more vulnerable to security threats as customers deal with their valuable financial information and confidential data. And now cybercriminals continue to search for malware to collect financial information of bank accounts and accounting customers. Therefore, preventing revenue losses makes it necessary for accounting companies to seek security threats in 2021. If you are using Outdated Software/ Applications/ Tools: There have been many cases where many technology/ IT companies have failed to protect their customers' financial data. Accounting firms should be keeping updated anti-virus software because they have clients’ financial data. These attacks are more likely t