FAQ
Some common questions which arise while thinking of accounting related processes outsourcing.
If you are planning for outsourcing the accounting function, before selecting finance and accounting outsourcing services, you might get some questions. We have tried to address some of the general questions for your consideration.
Benefits of Outsourcing
- Performance of services by independent highly experience and professional team lead better internal control
- Savings in In-house accounting department management cost
- Increase in efficiency, accuracy, productivity and satisfaction
- Execution by independent team will lead to business owner to focus on core areas like production and sales.
- Savings in Infrastructure and Technology costs for non-core activities
- Faster, accurate and better services
- Distribution of risk of non-compliance
- Cloud storage, virtualization and other technology options have made it possible for all companies to take advantage of accounting outsourcing services and bookkeeping outsourcing services.
We at Digi Accounto, at the time of understanding the business needs and preparation of scope of work, enters a non-disclosure agreement with client. There are various clauses mentioned in that agreement that client will only be the owner of books of accounts and all transaction will be approved by client only. So, there is no risk of losing control over books.
In case you have enough accounting staff, which is experienced and professional to manage and control your day to day accounting staff effectively, its better to go with it but you can even outsource the quality audit/review on a regular interval to ensure accuracy and confidentiality.
In case you have single person to manage and control your accounting task and you think it will provide better efficiency, and accuracy to outsource the task, and it will better to ensure internal control by outsourcing, you can choose us, we will add value to your business definitely.
Here are some more reasons to outsource even if your employees are able to manage work load
In case you have single person to manage and control your accounting task and you think it will provide better efficiency, and accuracy to outsource the task, and it will better to ensure internal control by outsourcing, you can choose us, we will add value to your business definitely.
Here are some more reasons to outsource even if your employees are able to manage work load
- Employee’s time can be utilized better for some other business activities such as sales etc
- Get rid of issues related to employee turnover and unplanned leaves
- Get rid of issues related to training a permanent or temporary replacement
- Reduces the risk of fraud losses and regulatory fines
AS you know Digi Accounto is 9001:2015 certified company, it ensure quality, effectiveness, productivity and confidentiality in its operation. While outsourcing to Digi Accounto you need not worry about security of data and information.
Business whether it is small business, start-up, medium or large organization, for effective, accurate and, productive performance of its accounting and finance task, may think outsource. We at Digi Accounto having a team of experienced and professional person, who are able to manage the things properly and according to any business need.
Yes, the preparation of financial statements and tax returns have already been prepared and filled by your current CA/CPA. However, as per the regulatory requirements, a CA/CPA firm that is providing bookkeeping services to a client, can’t provide Audit services to that client because of a conflict-of-interest situation.
In most cases, because of our specialisation in the domain, use of relevant technologies and specialised team, our charges to deliver services are lower compared to CA/CPA firm’s charges.
In most cases, because of our specialisation in the domain, use of relevant technologies and specialised team, our charges to deliver services are lower compared to CA/CPA firm’s charges.
We give very serious consideration to Data confidentiality and copyright. We ensure that any client related information is not published, distributed, sublicensed, sold or disseminated to third-party at any cost. We have implemented certain procedures to assure confidentiality, such as;
- Carrying out background checks on our employees,
- Clause in “terms of employment” in which our employees pledge to maintain confidentiality and non-disclosure agreements in respect to client data.
- Restricting access to premises and systems.
- Restricting access to data backup solution.
- Restricting access to print media and shredding all waste printed papers
- Such other measures which make our company as most trusted by clients
We can surely provide guidance to your staff for accounting processes as consulting services. However, through our experience, we feel that outsourcing us will add more values that hiring us for consulting because of having limited scope in advising compare to outsourcing. Moreover, difference of our continuous training to our people, work culture, standard work processes etc. can be clearly seen while execution of work is in the hand of your employee than our employees.
We always prefer to continue serving our client but we understand that the relationship may end due to some reason. You always remain owner of the data, we only own the process. Thus we are obligated to deliver you with processed details/documentation and transition support at the time of ending the relationship. We have included appropriate clauses in our service agreement for your satisfaction.
If you have a PC camera, we can schedule a live meeting demo at your preferred time. Simply contact us, and our representatives will make all the required arrangements.
In case your query related to outsourcing, our services, our methodology or other related topic is not addressed in above FAQs, you are always welcomed to contact us on info@digiaccounto.com. Our executive will address all your concerns.
In case your query related to outsourcing, our services, our methodology or other related topic is not addressed in above FAQs, you are always welcomed to contact us on info@digiaccounto.com. Our executive will address all your concerns.