- Maintaining Systematic Records of Transactions
- Ascertaining Financial Position.
- Fulfilling Legal obligations.
- Ascertaining Profit & Loss.
- Assisting the Management.
- Information to All Interested Users
Accounting outsourcing means entering a contract by an organization with third party consultant to outsource part or all of its accounting functions.
Finance and accounting outsourcing activities are getting very much popular in many organizations, as outsourcing accounting and bookkeeping services helps an organization to focus more on core functions of business and to work more closely with the business core area and improve decision making.