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1Which is more effective for my business- the in-house accounts team or the outsourced accounting services firm?

In-house accounting team means investing money in computers, accounting software, office space, salary, incentive, employee benefits, Etc.

When you use an outsourced accounting services firm, they have the infrastructure. Their experienced team of accountants collectively have updated accounting knowledge and industrywide experience, which allows them to be accurate and fast with your tasks related to bookkeeping, accounting, taxation, Etc.

When you hire them, your accounting task goes out of your workplace to them, which gives you mental peace.

2Which software do we use for offshore accounting & taxation services?

We have hand on experience in all market leading software’s. Our team has the capability to sync and leverage the advantages of the industry standard software’s.

3Is my data safe with my bookkeeping and accounting outsourcing company

Yes! Bookkeeping and accounting outsourcing companies know the importance of securing clients' financial data. They use various measures to prevent a breach of data. Security matrix is one of the ways they use to restrict access to data on a need-to-know basis.

4How does Outsourced Accounting work with GRO IT Solutions?

We provide outsourced accounting services to companies and accounting firms in different parts of the globe. Our clients send us scanned Data. Our team of qualified accountants use this data to execute the intended tasks. They are proficient in systems like Zoho, Snoww Books, Netsuite, Xero, MYOB, or Quickbooks.

5How much time and money can I save if I outsource accounting/bookkeeping?

Well, most bookkeeping and accounting service charge their clients by the volume of transactions. Some of them also lend their services full-time, part-time, hourly, and even project-basis.

It also matters whether you want them to use single-entry or double-entry accounting principles. The complexity of the task also depends on the type of your business and industry practices.

However, experts say that if you hire an accounting services firm that specialises in serving your kind of business, it will need only half the time to complete your work.

You may think the accounting services prices charged are high. However, it saves you monthly employee salary, benefits, and infrastructure costs.

You also do not have to spend time on human administration or search for another resource when your accountant falls sick just before your annual filing.

What matters is that your accounting service provider does your accounting accurately and on time.

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