Whether Accounting Outsourcing is Good Option for Start-Ups or Mid-Sized Companies?
Running a start-up or a mid-size company is exciting but is equally complex. Various studies have revealed that many such companies do not make it beyond the first few years of starting up due to a variety of reasons. These could range from the adoption of faulty management practices, inadequate knowledge of non-core activities or poor market analysis. While the founder(s) may have expertise in a particular domain, it is often seen that poor cash flow management is one of the biggest reasons of such closures. Hence, for every start-up or a mid-sized company, it is very important to take the help of external resources when it comes to managing non-core functions like accounting. While hiring an in-house accounting expert is always an option, in today’s world, it may not be the best one. However, outsourcing accounting services in India has emerged as a very attractive and extremely reliable option today. Outsourcing of accounting services for small business in India has