Company description
Maintaining ready and up-to-date accounting records can be time-consuming. Bookkeeping involves expense coding and Vat coding. Regardless of the size, all businesses are required to keep accurate records for both taxes and VAT purposes. Mindspace has developed a significant system and methodology to provide bookkeeping and accounting services on an outsourced basis. Compliance is an important issue and we provide timely and accurate service to ensure that you can concentrate on your core business while we deal with revenue correspondences on your behalf.
Why do companies choose to outsource bookkeeping to India?
An average business would be able to save a considerable amount of money. Often between 30 to 60 percent. If savings alone won’t get you to outsource your bookkeeping to India, you may also enjoy the benefits of real-time online bookkeeping with direct access using remote bookkeeping applications as well as access to highly trained accountants and advisers.
What kind of bookkeeping services can you outsource?
In most cases, you should be able to outsource all your bookkeeping services. These include but are not limited to payroll processing, invoicing, account tracking, tax return services, general accounts maintenance, trial balances, and account service tracking.
How is the bookkeeping process carried out?
You are usually required to upload digital copies of your documents via an FTP connection using one of the FTP file managers. You will also be able to use the same software to update and download your documents. Alternatively, documents can be scanned and faxed the old-fashioned way. Some outsourcing offers online bookkeeping software specifically designed for this task. You may also require to connect directly using a remote desktop where you will be able to manage and update your documents like you would if they were hosted on your own computer.
Is this secure and confidential?
Typically you will have complete control over privacy and security. Data protection is taken very seriously and all measures will be taken to protect and secure your information. Any software used for online bookkeeping should support the highest level of encryption making the transfer of documents incredibly secure and confidential. You will have complete control over who views your data and how it’s stored. Most staff will have restricted access to the database so that they are only able to access the documents they are directly working on.
