Outsourcing – The Modern Trend of Accounts Management

Abstract

One of the biggest trends in accounting is outsourcing finance and accounting services. Outsourcing of accounting services most importantly enables businesses focus on their primary business rather than building an accounting department. Outsourcing accounting services can help businesses cut down costs, and also reduce risk of fraud and provide access to the services of dedicated professionals in the field. This paper analyses in detail the need and importance of outsourcing of accounting services and how it is helpful for the companies. Outsourcing in Indian context is also explained in detail.