IBN Technologies Limited has shown that a business owner can reduce their overhead costs by nearly 40% by outsourcing their bookkeeping requirements.
Wilmington, DE -- (SBWIRE) -- 11/10/2015 -- In the era where new start-ups and enterprises are being formed and are taking over the market, handling a small business has been the prime task of all the business owners, even the small sized ones. However, many business owners find themselves shorthanded when it comes down to looking after the accounts and bookkeeping requirements of their enterprise. As nascent businesses take time to reach a certain level of financial stability, investing a lot of time and money in managing the bookkeeping needs of an enterprise, either with a full-time employee or by the business owners themselves, does not bode well to the future growth of the organization.
IBN Technologies Limited has been providing bookkeeping service for the requirements of small and medium sized businesses for a long time. Expertise and the cost effectiveness play the key factors for businesses opting for outsourcing bookkeeping services to IBN.
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Small and medium sized businesses are in primarily in a stage of accelerated growth that needs to encompass both the future and the present requirements of the organization. However, this can only be achieved when the financial aspects of the enterprise and their relevant bookkeeping is maintained as per the required standards and norms. Bookkeeping services, in its essence, is the recording of all transactions and finance related activities of the enterprise. All recordings begin by preparing and organizing the source of all operations, financial transactions, and allied activities of the enterprise. It always begins at the source where bookkeeping service plays a crucial role. One of the key reasons in accumulating a comprehensive collection of all financial activity is to derive information about it.
Throughout the extensive process of IBN's bookkeeping services, the effect of every transaction, every accounting event, on the financial standing of the company is determined. Subsequent to this, the bookkeeping service involves making entries of these transactions in appropriate journals as well as relevant accounts that are affected by the transaction, maintaining a redundancy of records for continuity.
Apart from these, bookkeeping services also involves creation of interim reports, quarterly and annually at the end of every fiscal year, ensuring the records are up to date, management reports and statements are readied, and tax returns are filed perfectly.
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IBN Technologies Limited has shown that a business owner can reduce their overhead costs by nearly 40% by outsourcing their bookkeeping requirements. Businesses get an opportunity to tap into the expertise of personnel, who are domain experts in the areas of finance and bookkeeping, at a fraction of the cost of hiring full-time employees and training them. With a specialized bookkeeping service firm handling the books of accounts of the organization, the company can achieve a round the clock working, that allows them to focus on their core competencies and delegate the administrative duties to outsourced bookkeeping service providers.
Bookkeeping service for small businesses can be simplified by making a simple and elegant choice of outsourcing it. With an experience of more than 15 years in providing bookkeeping service, IBN Technologies Limited remains the bookkeeping service provider for many organizations across the globe.
About IBN Technologies Limited
IBN Technologies Limited is an outsourcing service provider with a customer base covering the USA, UK, Middle East and India. IBN has a State of the Art Global Delivery Centre in Pune, India. IBN processes are ISO 9001:2008 quality certified. In 15 years of operation IBN has evolved as leading IT & BPO outsourcing service provider in BFSI, Travel, and Retail Chains & Online Business.
IBN Technologies (US) LLC
108 West 13th Street,
Wilmington, Delaware 19801
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