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News

As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

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The Evolving Landscape of Security and Privacy in FinTech

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Media

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Watch how pandemic has changed communication strategy for MSME companies

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In Conversation with Nimesh Shah Xebra Business Financial Suite

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Product

Make customised and compliant invoices in less than 60 secs using Xebra

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Decode cash flow statement to boost your company’s growth

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Step by step guide to kick-start your small business

Read More...

How can you maintain accounting accuracy for your small business?

Read More...

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Read More...

How & Why Saas tools can help your small business?

Read More...

Should SMEs in India buy Saas applications and other online tools to become efficient and effective

Read More...

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Read More...

How does an invoicing software work?

Read More...

What are the basic accounting disciplines that small companies and start-ups should follow?

Read More...

SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

Read More...

Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

Read More...

Accountant Vs. Bookkeeper- What’s the difference?

Read More...

Will accountants be replaced by computers in the coming years?

Read More...

Is an online business and finance software the right move for your small business?

Read More...

Should small business outsource their bookkeeping requirement or carry it out in-house?

Read More...

What are the accounting alternatives to tally for a small business?

Read More...

All You Need to know about Banking Terms

Read More...

Everything you wanted to know about Tax Deducted at Source TDS

Read More...

5 Ways Small Business Are Adopting Cloud Software

Read More...

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Don’t let the lockdown impact your business

Read More...

The 10 features in an ideal Online Invoicing Software

Read More...

Video

Track your assets between cities and employees at a glance with Xebra

Read More...

Trim wasteful expenses with Xebras comprehensive analytics of your business expenses

Read More...

Migrate all your data from any accounting software to Xebra in three simple steps

Read More...

Xebra eliminates the process of physical documentation for expense vouchers entirely

Read More...

Eliminate the employee onboarding hassle with Xebra’s automation

Read More...

Xebra’s Vendor Portal that streamlines payments

Read More...

Improve your cash flow with Xebra’s dedicated client portal

Read More...

Xebra’s smart alerts notify you when expenses can cross budgeted limit

Read More...

Xebra helps you track your revenue targets that you have set client-wise or product/service wise!

Read More...

Eliminate the hassle of manually creating monthly recurring expenses forever!

Read More...

Eliminate the hassle of manually creating monthly recurring invoices forever!

Read More...

Disburse monthly asset purchase payments in less than a minute!

Read More...

Disburse monthly company purchases in less than a minute!

Read More...

Increase your cash-flow and profitability with Xebra!

Read More...

Multiple GST no’s delayed your tax calculation and accounting entries?

Read More...

Disburse employee monthly salaries in less than a minute!

Read More...

Disburse your monthly Company Expenses in under a minute!

Read More...

Ways to Improve your cash flow and collect money faster from your clients

Read More...

Should small business outsource their bookkeeping requirement or carry it out in-house?

Covid has majorly impacted a lot of small businesses since 2020, and I’m sure that you are reading this article because you are trying to find new innovative ways to save time and money as well as grow your small business. If you should outsource your bookkeeping services or not, is a big change to adapt suddenly. But contrary to popular belief, it is most importantly dependent on your personal business needs if you should have an in-house bookkeeper or outsource the same.

You need to consider a lot of factors when you are thinking of switching to a cloud account software, to know more click here.

After a thorough research and analysis, I came to the conclusion that bookkeeping/ accounting services are better off outsourced than in-house, due to several reasons.

I am listing down some of the major benefits that I gained from Outsourced Accounting:

Having your bookkeeping in-house, could lead to a lot of unnecessary conflict of interests. Outsourcing bookkeeping services for your business frees up valuable time that can be put into the betterment of the company. Back-end office functions can be a daily distraction from the everyday running of things and all these factors lead to a massive waste of time. By using automated accounting, I have saved on a lot of time and also mental peace, which is ideally very important in running a business.  There are a number of banking terms that are crucial to running a successful business, if you need a short refresher, click here.

  • The largest factor here is that by switching to outsourcing bookkeeping services, you also save quite a lot of money, which would have gone towards hiring multiple employees. Further, you also save on lost productivity possibilities that come along with hiring employees on your company payroll. By outsourcing your bookkeeping services, you only pay for exactly how much is required by you. You can select your customized plan according to your own business needs.

  • Outsourcing is also a great way to keep a continuous tab on what your employees are doing, without having to pay for it around the clock. By putting your bookkeeping operations into the hands of professionals and highly skilled staff who have intricately learnt and understand the best practices on how to properly get things done, my job becomes a whole lot easier and highly effective. Such good expertise is very hard to find.

  • When you outsource your bookkeeping services, you’re placing your financial needs in the hands of a group of experts, that thrive on teamwork. On the other hand, when you hire a bookkeeper, his expertise is limited. This made me realize that outsourcing has a team of workers and managers that are double checking all their work to help ensure that we receive the best services possible.

  • Further, outsourcing your bookkeeping services gives you more access to the latest and most efficient tools in the accounting industry. Most small businesses cannot afford to pay for the highly priced bookkeeping programs nor can they afford to spend the time keeping up with the changing laws and regulations. By outsourcing, you are essentially purchasing all these added tools and knowledge. What’s better, is that we don’t actually have to do any of the work. It is all done by a team of highly skilled experts who also ensure that these systems and data is backed up every night in case of an audit.

  • Lastly, outsourcing your bookkeeping services also allows you to upscale really easily! You have the best team at your behest, providing you with different plans and options that will in turn help you achieve your desired goals.

Wondering which biz-finance application I use?  It’s definitely Xebra.

I am also listing down a couple of alternative Bookkeeping and Accounting service companies:

  • Xebra
  • Xero
  • Freshbooks
  • Tally

But as I said, after a thorough analysis, I have concluded that Xebra is the best finance/ accounting application. Besides accounting, it also offers a variety of biz-finance solutions that are categorized into Business, Financial, Human Resource and Social Solutions. You can check out more about Xebra’s company history here.

I also feel that accountants will definitely be replaced by computers in the coming years. Debatable right? To know more click here.

It is an all in one application that merges business insights, invoicing, purchase, expense, asset, inventory, payroll, HRMS, tax, bank and accounting, all into one application, which makes it really easy to navigate as well. It's a 100% unified online accounting software. It's simple and extremely user-friendly. Xebra also has an extremely strict privacy policy and rest assured all your documents and data is extremely secure here, read more about their privacy policy.

I feel that businesses should always look for accounting software vendors that are absolutely transparent about their pricing, with no extra hidden costs. Xebra offers a variety of subscription packages which are extremely affordable and MSME friendly, check it out here.

Why choose Xebra over the other compelling competitors?

  1. It improves cash flow & profitability by up to 40%
  2. Saves 60% on software costs against buying standalone Invoicing, Payroll, HRMS, Tax & Accounting software

Automated bookkeeping – invoices, bank, tax & accounting saves 50 days/ year

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