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7 Leading Outsourced Accounting Partners In India In 2025
Accounting Firms
7 Leading Outsourced Accounting Partners In India In 2025
The accounting industry has changed by leaps and bounds over the years. CPA firms are looking for new ways to streamline their operations, boost their efficiency and quality of work, stay competitive, and gain an edge. In recent years, many CPAs, EAs, and firm owners have turned to outsourced accounting services to complete time-consuming tasks like reconciliations, bookkeeping, and tax return filing on time.
In this blog, we provide an overview of the outsourcing process and the major outsourced accounting firms that are driving growth.
Why Should Accounting Firms Opt for Outsourcing?
CPA firms have the option to hire an in-house team. However, this approach will be very expensive and require too much oversight. Outsourced accounting service, in contrast, offers high-quality services at less than half the price of hiring in-house staff. An overseas accounting outsourcing company can handle all aspects of day-to-day accounting, from bookkeeping to tax preparation and audit. Accounting requires paying minute attention to detail.
One single entry can cause major issues. An offshore team includes professionals proficient in handling bookkeeping, audits, and tax preparation perfectly, which helps you get the maximum benefits of accounting outsourcing services. They are familiar with the latest rules and regulations related to accounting and taxation. So, you can rely on them to generate flawless financial reports within deadlines.
Outsourcing for accounting firms from locations like India can save you up to 75% compared to in-house accounting services. Moreover, you can hire global talent suitable for the role you need at a quarter of the cost you would spend hiring local talent. For example, you can hire a virtual staff to prepare your financial statements for each quarter and a few bookkeepers to update your books daily.
Offshore Outsourcing Partners- Driving The Accounting Industry
Outsourcing has emerged as a viable option for CPA firms to scale their operations and access new talent. This blog discusses the leading offshore outsourcing partners in India -
PARTICULARS
MYCPE ONE
TOA GLOBAL
QX GLOBAL
PAPERCHASE
BEFREE
UNISON GLOBUS
ANALYTIX
CAPACTIX
Year of Starting
2015
2014
2014
2005
2012
2021
2005
2015
Google Reviews
100+
80+
290+
180+
30+
20+
140
38
Facebook Reviews
110+
0
100+
1
0
13
65
24
Clutch Reviews
5+
NA
0
NA
0
0
0
1
Clients Testimonials (Video)
43
10
10
5
2
3
9
6
Country (Offices In)
India & Philippines
Philippines
India
India
India
India
India
India
No. of Offices
39
6
4
6
3
2
5
5
Target Markets
US, CA
AU, NZ
UK, US
UK, US
AU, UK
US, CA
US
US, CA,UAE,AU
Client
Accounting Firms
Accounting Firms
Multiple Business
Restaurants
Accounting Firms | Business
Accounting Firms | Business
Accounting Firms | Multiple Business
Accounting Firms | Multiple Business
Business Model
Offshore Team
Offshore Team
Outsourcing
Outsourcing
Blended
Outsourcing
Outsourcing
Blended
Set Up Fees
Nil
$1,000 To $2,000
0
NA
0
NA
NA
NA
Free Trial
Available
Not Available
Available
Not Available
Available
Not Available
Free Review Trial
Available
Free Cancellation
Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Team Size
3,000+
3,700+
3,250+
1,200+
1,400+
1,120+
900+
120
2 Years Team Growth
205%
71%
79%
-12%
73%
105%
-
-
No. of Clients
1050+
1,000+
600+
200+
600+
350+
-
80+
1. MYCPE ONE
MYCPE ONE is one of the leading offshoring partners for 1000+ accountants, CPAs, and tax firms based in the US, Canada, and the UK. As a firm 'run by accountants, for the accountants,' MYCPE ONE ensures perfect alignment with the hiring needs of accounting firms, offering staff under your control and management. With 39 global offices across India, MYCPE ONE caters to 40 of the top 200 accounting firms in the US. Based in Sugar Land, Texas, it is a GDPR-compliant organization, ISO 27001:2013 certified for information security management systems, and SOC2 Type II certified.
It serves CPA firms in the US, Canada, and the UK. MYCPE ONE is also recognized as one of the "Dream Companies to Work For", “KPO Organization of the Year”, and won the "Great Place to Work® Certified™" in the accounting offshoring and outsourcing industry. The company is a platinum partner of the Institute of Management. MYCPE ONE is partnered strategically with Boomer and is a proud member of BDO Alliance USA and Abacus Alliance.
Pros
Caters to CPA and accounting firms only.
MYCPE ONE serves 40 of the top 200 accounting firms in the US.
Outsourced teams include specialists with years of experience in their respective fields.
Clients can interview and select their candidates to work with the outsourcing team.
A diversified talent pool provides access to varied skills, experience, perspectives, and problem-solving capabilities.
MYCPE ONE enables clients to scale up or down their teams as per the firm’s changing needs and dynamics.
MYCPE ONE ensures better productivity with diverse and dedicated professionals, specialized in various tasks.
Cons
Different cultural backgrounds can sometimes become a hurdle in collaboration. However, MYCPE ONE always emphasized mutual respect and understanding to ensure smooth collaboration with clients overseas.
Differences in languages may hinder effective communication. Still, MYCPE ONE manages swift communication by making English the language of communication. The company’s in-house training helps the outsourced staff with language proficiency and cultural sensitivity. Moreover, direct communication with real-time client interaction is done at MYCPE ONE to facilitate prompt and clear issue resolution
Time zone challenges can be a possible reason for collaborating and scheduling things together. The flexibility in the work schedule at MYCPE ONE helps overcome this challenge.
QX Global Group is a global consulting, digital transformation, and business process management (BPM) service provider based in North Yorkshire, UK. It serves clients across various verticals, primarily in the UK. The company focuses on strategy and consulting, BPM, and digital automation.
Pros
QX Global offers flexible outsourcing solutions offering offshore, nearshore, and onshore accounting, finance, recruitment, payroll, HR, and IT services.
6 nearshore and farshore delivery centers across 2 countries.
QX Global operates in niche verticals like recruitment, property management, manufacturing, retail, accounting and audit, CPG, the public sector, and higher education.
Cons
The team of outsourced accounting companies sometimes fails to ensure quick turnaround times if there are delays in communication.
Sensitive financial data is shared with external partners in the offshoring & outsourcing process, which makes data security and confidentiality prime concerns. Ensuring compliance with data protection regulations is complex.
Working with an outsourced team in a different time zone sometimes delays communication and causes misunderstandings.
A high attrition rate often impacts the smooth functioning of the outsourcing process.
Reliance on external vendors limits control over processes and makes CPA firms vulnerable to disruptions to service delivery.
Variations in training, education, and experience levels within the outsourced team result in varying levels of accuracy in accounting tasks. Maintaining quality becomes a challenge.
3. CapActix Business Solutions
CapActix is an accounting outsourcing company serving accounting firms, CPA firms, and SMEs across the USA, Canada, Australia, and UAE. Headquartered in New York, the firm caters to accounting, tax, administration, medical billing processing requirements, and more. The company is GDPR-compliant and an XERO Certified Advisor.
Pros
CapActix has high retention rates.
Backed by a team of 120+ certified experts.
Serves 40+ industries.
Cons
Integrating new team members in outsourcing needs to be better-versed in regulatory requirements in the client's jurisdiction, occasionally leading to compliance issues and errors in financial reporting.
Cultural differences between outsourcing firms and clients' companies can sometimes lead to misunderstandings about communication, approach, and work style.
High turnover rates create problems with continuity in service delivery. Adjusting new team members constantly impacts the efficiency of the outsourcing process.
Operational problems impact the day-to-day operations of clients.
Firms opting for outsourced accounting sometimes face complex tax reporting obligations, including disclosing offshore assets and income to the IRS. Failure to comply with obligations can lead to penalties and legal consequences.
Lack of direct client access sometimes impacts the outsourced team’s understanding of the accounting processes, hampering their ability to share strategic insights.
4. Analytix Solutions
Analytix Solutions is a single-source provider of integrated staff solutions across different areas, such as finance and accounting, IT, data management, and healthcare. Headquartered in Woburn, Massachusetts, the company helps firms of various sizes handle write-ups, BPO, tax preparation, implementation, and audit services.
Pros
Wide geographical presence across six countries: India, UAE, Saudi Arabia, Oman, Qatar, and the UK.
A team with cross-disciplinary expertise in different domains, such as finance and accounting, IT solutions, virtual assistants, data management, and AV solutions.
Analytix Solutions caters to clients from different industries like retail, e-commerce, hotels, startups, franchises, dental services, and DME.
Cons
Proper oversight mechanisms lead to challenges in performance monitoring.
There are hidden costs linked to managing the outsourced accounting service, like training and additional oversight measures.
Failure to comply with accounting and tax regulations could lead to legal repercussions or financial penalties.
Differences in accounting standards and regulations lead to errors in financial reporting.
Many offshore and outsourced jurisdictions have different legal and financial systems that are difficult to handle. Complying with multiple legal and regulatory frameworks complicates matters.
Integrating outsourced processes within the existing accounting process takes time. Clients often face compatibility-related issues.
5. Paperchase
Paperchase Accountancy caters to the needs of restaurants and hospitality brands worldwide, like in the US, UK, other European countries, the Middle East, and Africa. Headquartered in New York, they liaise with leading chefs, creditors, auditors, suppliers, and HMRC.
Pros
Wide geographical presence across six countries: India, UAE, Saudi Arabia, Oman, Qatar, and the UK.
A team with cross-disciplinary expertise in different domains, such as finance and accounting, IT solutions, virtual assistants, data management, and AV solutions.
Analytix Solutions caters to clients from different industries like retail, e-commerce, hotels, startups, franchises, dental services, and DME.
Cons
Proper oversight mechanisms lead to challenges in performance monitoring.
There are hidden costs linked to managing the outsourced accounting service, like training and additional oversight measures.
High turnover rates create problems with continuity in service delivery. Adjusting new team members constantly impacts the efficiency of the outsourcing process.
Failure to comply with accounting and tax regulations could lead to legal repercussions or financial penalties.
Differences in accounting standards and regulations lead to errors in financial reporting.
Many offshore and outsourced jurisdictions have different legal and financial systems that are difficult to handle. Complying with multiple legal and regulatory frameworks complicates matters.
Integrating outsourced processes within the existing accounting process takes time. Clients often face compatibility-related issues.
6. TOA Global
TOA Global is a Phillipines-based global accounting staffing solution for the accounting industry. Nick Sinclair founded the company in December 2013. The company provides outsourcing services to firms in Australia, New Zealand, Canada, and the US.
Pros
10+ years of experience in serving the accounting industry.
Dedicated client support with live chats and knowledge-based articles.
It is among the Philippines’ largest employers in the accounting industry.
Cons
There can be communication challenges associated with TOA Global Accounting.
Data security and privacy breaches are probably some of the risks to the company.
Work culture differences may lead to misunderstandings, which can impact productivity.
Flexibility and agility to changing firm needs are challenges for the company.
7. Befree
Befree is a finance and accounting business process outsourcing company that provides services in the UK, Australia, New Zealand, and Canada. The company has been providing its services for the last 15 years. Founded in 2003, the company is among the top accounting and finance outsourcing providers globally.
Pros
Befree provides scalable outsourcing solutions.
The company improves performance and maximizes the ROI of businesses.
Befree provides a vast suite of e-commerce solutions.
Cons
Lacks advanced features and functionalities.
befree platform is a little complex.
Data breaches or unauthorized access can be a probable risk.
Inadequate customer support, which sometimes leads to delays.
What to Look for in an Outsourcing Partner?
Selecting the right outsourced accounting service is a major decision for your firm. The success of your accounting process and compliance relies on it. Here are some of the major things to consider when selecting a reliable outsourced accounting partner -
1. Certifications and Compliance :
Check whether the outsourcing partner complies with the existing standards and regulations in countries like the US. Go for offshore partners who have certifications and memberships in relevant professional bodies like the AICPA and IMA.
2. Area of Expertise:
Search for a partner with expertise in the accounting industry and the specific functions you want to outsource, be it bookkeeping, tax preparation, or financial analysis. Specialists will understand the unique needs of your CPA practice.
3. Quality Assurance:
Ask questions related to the outsource partner's quality control processes. Reliable outsourcing partners have proper quality assurance mechanisms for maintaining accuracy and efficiency in their daily work. Verifying ISO 9001 certification also helps in quality assurance as it signifies adherence to international standards for quality management systems. Check whether the outsourcing partner holds ISO 9001 certification.
4. Data Security and Privacy:
Data security is of prime importance. Ensure that the partner you hire to outsource for accounting firms has robust security measures to protect your financial data. They must follow international data protection laws and have rigorous data privacy policies. Make sure that the outsourcing partner is GDPR and SOC 2 Type 2 compliant and holds certifications such as ISO 27001.
5. Technology and Infrastructure:
Go for an outsourced partner with the latest technology and infrastructure, such as secure data transfer methods and the latest accounting software, to support an efficient accounting process.
Based on the above aspects, we have a few client reviews on MYCPE ONE that make it different and preferable over others. Have a look at these.
Conclusion
If you are considering outsourcing your accounting firms to overseas locations like India and the Philippines, ensure that CPA firms fit your needs. Choosing the right outsourced partner like MYCPE ONE can streamline your operations and increase your firm's profitability.
FAQ's
Outsourcing offers many advantages, such as a diverse talent pool, scalability, flexibility, cost savings, and the ability to leverage varied expertise.
Many factors must be considered when choosing an outsourcing partner for your firm. These include the company’s track record, expertise, cultural compatibility, and communication channels.
Establishing clear communication channels, scheduling regular meetings, and fostering a collaborative work environment are some of the ways to ensure swift communication and collaboration with outsourced teams.
Christopher Rivera, Chris serves as a Director of Client Relations and Business Development at MYCPE ONE. He is an expert at leading and managing teams actively from the front. His expertise in sales, training, coaching, mentoring and influencing combined with his competitive nature makes him a strong leader. Chris has traveled through the length and width of the country and has spoken with more than five thousand CPAs, understanding their challenges and limitations. On the grounds of that, he can now easily provide opinions and solutions that can be immensely helpful to the professionals. He has also represented MYCPE ONE at a number of major accounting conferences and networking events.
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