5 MISTAKES TO AVOID WHEN CHOOSING AN ACCOUNTING OFFSHORING PARTNER

Leena Parikh, CA     Oct 12, 2022     2544
5 MISTAKES TO AVOID WHEN CHOOSING AN ACCOUNTING OFFSHORING PARTNER

5 MISTAKES TO AVOID WHEN CHOOSING AN ACCOUNTING OFFSHORING PARTNER

Even before COVID-19, accounting firms used cloud and remote accounting, as well as outsourced bookkeeping, to give their workers the flexibility to complete work from anywhere. The pandemic's arrival accelerated technological advancement to keep a competitive edge and offer flexibility for productive work from home. Companies are now seeing the advantages of working outside the office as employee expectations change. As people get used to doing business remotely, we may anticipate seeing a significant increase in the numbers.

Outsourcing your accounting tasks to experts in a country like India allows you to save time and money. It also enables you to increase the output of your domestic workforce. However, as with all industries, there can be a few hiccups along the way. For many firm owners finding the right staff continues to be the top concern, according to AICPA.

To minimise your offshoring concerns, we’ve put together a list of the top 5 things accountants and CPA firms should avoid doing when considering offshoring.