Accounting Outsourcing Services- UK

Company Profile

Our representative list of outsourcing accounting services for UK Firms is outlined below:

Please email  sales@outsourcinghubindia.com or call  1- 646-367-8976 for a no obligation customized cost benefit analysis of outsourcing opportunities in your organization.

Our Services

Monthly Bookkeeping Services
  • Entry of purchases/expenses
  • Creditors and debtors processing
  • Bank, credit card and merchant account reconciliation
  • General ledger maintenance
  • Fast Close – quick monthly closing of books
  • Creditor and debtor report
  • Generation of financial statements

General Accounting Services
  • Setting up/ updating chart of accounts and maintaining ledger accounts
  • Yearly closing of books
  • Preparation of monthly and yearly financials-income statement, cash-flow statement and balance sheet

Payroll Processing
  • Creating and maintaining employee profiles on the Payroll system
  • Managing time and attendance
  • Processing of Weekly/Bimonthly/Monthly Payroll from time sheet
  • Calculation of Net Pay checks
  • Payroll Journal and Payroll Summary Sheet

Other Financial services
  • Financial modeling-preparation of financial models to support business or project plans
  • Financial analysis like ratio analysis, break-even analysis, NPV and IRR analysis

Business Research and Business Intelligence
  • Study of industry sectors, trends, and consumer segments through desk and web research
  • Creation of company and competitor profiles- performance snapshots, business profile, and news analyses
  • Industry analysis-benchmarking and market sizing (based on secondary research)

Client List

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Testimonials

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Software Expertise

SOFTWARE
EXPERTISE LEVEL
QuickBooks (QB) (UK Version)
(QB Pro, Premier, Enterprise and QB Online)
High
Sage One & Sage 50
High
Business Accountz
Medium
KashFlow
Medium
Xero
High
VT-Transactions
Medium
ClearBooks
High
ERP and Oracle packages
Medium to High
TaxCalc
Medium
TurboCash
Medium

Cost Saving Comparison

All figures in GBP

Bookkeeper/Jr. Accountant
UK Employee
India Cost
Annual Salary
16000
8400
Payroll Taxes (8%)
1280
Overhead Costs (10%)
1600
Total Cost
18880
8400
Staff Accountant/Sr. Accountant
UK Employee
India Cost
Annual Salary
24000
10200
Payroll Taxes (8%)
1920
Overhead Costs (10%)
2400
Total Cost
28320
10200
Financial Analyst
UK Employee
India Cost
Annual Salary
28000
12000
Payroll Taxes (8%)
2240
Overhead Costs (10%)
2800
Total Cost
33040
12000

Note

  • Employee benefit costs in UK not included in the comparison
  • Overhead cost includes cost of leasing computer hardware and maintenance related , software like accounting package licenses, training, floor space, and electricity among others
  • Offshore cost are only estimates; includes wages, infrastructure, training and technology cost
  • Salary figures are average figures

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