Book Keeping and Accounting are an essential process of every small, medium or large enterprise. Given the fast-paced business environment and demands of accurate and timely tracking of accounting and financial information there are significant advantages of automating and outsourcing the accounting process. In small and medium sized enterprises and newer large enterprises there are significant synergies to be exploited by off-shoring non-core activities that may still be required for regulatory and reporting needs. Also as organizations expand internationally and expand across geographies we support them by providing financial statements & reports in line with GAAP & IAS (FRS) requirements. Apart from cost and operational advantages, shifting focus away from regular, mundane and time-consuming bookkeeping activities would result in focusing more energy towards quick performance monitoring and faster strategic decisions based on timely accounting and financial information.