Accounting services
FAQs
What is
financial accounting outsourcing
?Accounting Outsourcing
means you partner with SBS to setup and prepare the books of accounts of your business and manage the reporting compliances etc..What should be the minimum size of the company in terms of turnover?
Generally there is no constraint in terms of size. Accounting outsourcing can benefit all types and size of business in very many ways.
What are the industries you cater to, or have experience in?
We are equipped to provide the accounting outsourcing to any industry segment. We currently have customers from Europe, US and Asia covering industry segments like Manufacturing and engineering, Construction and Real estate, hospitality, Information Technology, Telecom, Retail and Franchising.
What are the benefits?
When you outsource your accounting to SBS it helps you,
- Get a whole team of experts that already work well together
- Focus on your core competencies
- Lower costs
- Add resources quickly to a project to handle the unexpected
- Convert your fixed monthly costs to variable costs
Do I need to maintain a local accountant?
This is generally not required, If required, as part of the accounting outsourcing arrangement an accountant can be deputed from SBS to carry out tasks that have to be performed on site.
Does this cover auditing/certification?
No, This will not cover auditing or certification. The audit/certification can be done only by an independent audit firm.
How the input data is accessed?
Input data can be accessed by way of FTP hosted on SBS/client server, E-mail, or a CDs. We also work online, on the accounting software hosted on the client's server by way of secure remote login. This reduces the turnaround time and is beneficial for on going projects.
Do you have a contract?
Yes, The outsourcing arrangement will be covered by a contract and supplemented by Statement Of Work (SOW) and a Non Disclosure Agreement (NDA).
