India’s IT outsourcing business is now on track to attain exponential growth. It appears to be comparable to the surge we saw in the early 2000s and after 2008. Whenever the globe has faced a great crisis, India has risen to the occasion and not only helped the world recover, but has also made significant contributions to its own economy.
Outsourced Bookkeeping began as a modest business with two employees in December 2004. This was the beginning of India’s IT boom, and the country became a sought-after destination for highly trained, cost-effective labour. Starting with freelance assignments and gradually gaining the necessary experience and skills, the firm has grown to become a valued partner of some of the country’s largest restaurant chains, property management agencies, and a variety of small and medium-sized businesses.
The Expert behind the Company’s Success
Sunil Khullar, FCA, DISA, President of Outsourced Bookkeeping, is a graduate of Punjab University in Chandigarh with a degree in commerce. He became a Chartered Accountant in 1995 and has been in practise ever since. In 2004, he founded his management consulting firm, “Sunil Khullar Infotech Management Services Pvt. Ltd.” to pursue a career in international accounting.
In the sphere of finance and accounting, the skilled thinker has 26 years of expertise. Taxation, audits, accounting, bookkeeping, information system audits, corporate law, and fiscal services are among his specialties. Mr. Khullar has extensive knowledge and experience with all major accounting software.
He is well-versed in the legal requirements of trade regulation for enterprises doing business in the United States and Canada. He worked in the accounting field for most of his career. He is an inspiration for other chartered accountants who want to delve into global practise. He leads the new generation from the front in the field of the digital world.
Prioritizing Your Accounts
Outsourced Bookkeeping provides a complete accounting and bookkeeping solution for its clients. From accounting to taxes to IT setup or payroll, managerial counsel, it functions as an extension of their own workplace, assisting them in prospering and growing large alongside us. It employs some of the best accountants in the industry, specialising in both traditional and AI-assisted accounts; Payable processing for large restaurant chains and property management firms. Every day, the company’s highly qualified and experienced accountants handle property management corporations with thousands of properties, from Payables Processing to Receivables Management to Document Processing, providing them with skilled manpower on an incredibly simple, scalable, and transparent basis for their unique and complex requirements, saving them critical overheads while providing them with the best resources to handle their work. In the previous 17 years, the organisation has performed for clients from all walks of life in the United States. Various sectors are supplied, and substantial experience of working in various industries is achieved. Sunil says, “17 years into the industry, we have gained significant experience working with almost every software that was, is, or will be relevant in the future.” To name a few, our specialisation entails NetSuite ERP, SAP, QuickBooks Online, QuickBooks Desktop, Xero, R365, Bill.com, Propertyware, EasyAcct, Accounting Relief, Sage in the United States and Caseware, Quickbooks, and Zoho for Canada. Our skilled tax preparers specialise in programmes entailing Intuit Proseries, Proconnect, ATX Tax, Drakes, etc. with a huge emphasis on abiding by every single law of the States, ensuring data security, processing returns on US based servers, and ensuring proper disposal of all personal information shared by the client.”
Because the time difference between India and all of the United States’ time zones is often more than 10 hours, Outsourced Accounting’s overnight bookkeeping services are ideal for its American clients. The work, which was sent by the client in the United States at the end of the day, was picked up by us in the morning. By 9.00 a.m. EST, it is done and ready, with a progress report in their mailbox. As a result, businesses in the United States are able to operate 24 hours a day, increasing their efficiency and turnaround time.
Offering Efficiency
CPAs, Accounting Firms, and Bookkeepers use outsourced bookkeeping to handle work on their servers as their back office, allowing them to focus on expansion and growth. Adding to that are the firm’s clients, which include numerous restaurant chains and properties, bringing a certain order and structure to their document processing, generating, processing, and ensuring timely payment of invoices totaling in the tens of thousands per month for each client managing, which not only necessitates a certain level of skill but also a great deal of efficiency that a client can’t always impart on their own.
Account setup and transition services are one of the company’s primary features and USPs. It includes expert level guidance and recommendations on every aspect of their accounting process, from creating a more comprehensive chart of accounts to selecting the best accounting programme for them based on their individual needs and providing them with real-time insights into the best practises upheld for many years for getting things up and running smoothly for clients with older accounting methods and software.
The changing Scenario in the Industry
The Corona Pandemic blighted the year 2020 all across the planet. Many companies and economies had collapsed at the time. This is the time of year when everything starts to grow again. Businesses are increasingly optimistic about the future. Demand is expanding, and with a new method of conducting business, everyone is implementing what they’ve learned from the COVID problem into their businesses to double their profits. When India and the United States were put on lockdown for a substantial portion of the year owing to the Corona virus, the keyword “remote” arose and is now on everyone’s lips. Remote work is now more important than it has ever been. More and more businesses are looking for remote solutions for their accounting and bookkeeping needs. Even traditional businesses have now started looking for Outsourced Bookkeeping. Outsourced Bookkeeping plans to tap into the sentiment and look for growth opportunities in the coming years. Outsourced Bookkeeping has provided the support to all its existing clients in the lockdown. It has increased the faith of US clients in Outsourced Bookkeeping. The company states, “We performed, even when the employees of US businesses were not able to attend their offices.” We ensure continuity of the businesses of our clients. New experiences were gained by our clients and Outsourced Bookkeeping as well as how to ensure business continuity in adverse circumstances. “
Helping Community to Grow
The marketing of Outsourced Bookkeeping is multi-faceted. With its informative and constructive blogs, the firm has taken a comprehensive approach, combining traditional practises such as website SEO, email marketing, and approaching leads on LinkedIn, Facebook, and Instagram with its informative and constructive blogs, in which it regularly offers its readers insights into best accounting practises, tips and tricks, new features of leading accounting platforms, and new tax regulations and their impact on their business. These blogs drive more traffic to the company’s website and aid in the conversion of many of those visitors into long-term customers.
Envisions a World without Boundaries
Sunil’s objective is to always do the right thing in a timely manner. Every day is the last date in outsourced bookkeeping. The assignments that are given out in the morning are expected to be completed by the end of the day. Outsourced Bookkeeping’s professional work culture includes a time-conscious and quality-assurance standard. The team goes above and above to ensure the organization’s data privacy and security. This is especially important in today’s environment, since COVID-19 has trapped everyone in their homes and remote working has become a necessity. He says, “Ensuring data security for guys working from home at various locations, seamless server access, IT support, and secure networks has been a priority for us in this lockdown since we take responsibility for the client’s financials and sharing confidential financial information certainly requires a strong resolve from the top management.”
With the help of technology, outsourcing bookkeeping envisions a world without boundaries; a globalised approach to doing business in every major economy in the world. The company and its team aspire to be a part of the PM’s vision to make India a 5 trillion dollar economy. Sunil says, “ITes is a big employer in India, and we wish to employ talented Indian people into meaningful jobs and try to curb unemployment.”
