Outsourced Bookkeeping & Accounting
Enhance your finance team and free up your leadership to drive growth and customer success with our specialised bookkeeping and accounting remote staffing solutions.
- Save up to 70% on labor costs
- Hire top 1% remote talent
- Offshore working that feels in-house
Trusted By Leading UK Companies
Save up to 70% on labor costs
Our team members work from home in India allowing you to save significantly on labor costs. If you are comfortable with work from home, then it really doesn't matter where that home is.
Manage seasonality
Scale up and down your dedicated resource as needed to meet your business needs throughout the years.
Quality delivered
Our solutions cover all accounting disciplines which gives you exceptional delivery quality that is timely & accurate.
We are your extended team!
Full-time
2-3 years experience, working from home in India- Record transactions (sales, purchases, etc.)
- Reconcile bank statements and credit card transactions
- Update general ledger
- Manage accounts payable, accounts receivable
- Match purchase orders and invoices
- Prepare P&L statements
- Generate balance sheets and cash flow reports
- Resolve transaction discrepancies
- Prepare aged reports
- Process payroll and reimbursements
- Maintain payroll records
- Submit VAT returns
- Provide data for tax filings
- Use bookkeeping software (QuickBooks Online, Xero, etc.)
- Maintain digital filing systems
- Set payment reminders
- Assist with chart of accounts
- Flag cash flow issues
- Identify overdue invoices
Record transactions (sales, purchases, etc.): This ensures accurate tracking of financial activity, helping businesses keep track of income and expenses.
Reconcile bank and credit card transactions: Maintains accurate financial records, reducing errors and preventing fraud or discrepancies.
Update general ledger: Organises all financial data, ensuring easy access for reporting and decision-making.
Manage accounts payable/receivable: Keeps track of what is owed and what is owed to the business, improving cash flow and ensuring timely payments.
Match purchase orders and invoices: Ensures that payments align with agreed terms, avoiding overpayments and discrepancies.
Prepare P&L statements: Provides a snapshot of business performance, helping management identify areas for improvement.
Generate balance sheets and cash flow reports: Gives insight into financial health, helping with budgeting and investment decisions.
Resolve transaction discrepancies: Ensures accuracy and transparency in financial records, minimising the risk of errors.
Prepare aged reports: Helps track overdue payments, crucial for maintaining healthy cash flow in your business.
Process payroll and reimbursements: Ensures employees are paid correctly and on time, boosting morale and compliance with regulations.
Maintain payroll records: Helps with accurate tax filings and employee record-keeping, reducing the risk of penalties.
Submit VAT returns: Keeps the business compliant with tax laws and avoids fines or penalties.
Provide data for tax filings: Support filing accurate tax returns, ensuring the business doesn’t miss deductions or credits.
Use accounting software (QuickBooks, Xero, etc.) to streamline accounting processes, improve accuracy, and save time.
Maintain digital filing systems: Keep financial records organised and easily accessible, making it easier to track expenses and revenue.
Set payment reminders: Ensures timely payments and avoids late fees, keeping cash flow smooth.
Assist with chart of accounts: Ensures that financial data is categorised properly for efficient reporting and tax preparation.
Flag cash flow issues: Helps identify problems early, allowing the business to take corrective actions before cash flow becomes a major issue.
Identify overdue invoices: Speeds up the collections process and reduces the risk of bad debts.
Outsourcing accounting & bookkeeping is the future
Smart Working For Less
Delegating bookkeeping and accounting tasks to a trusted outsourcing provider as part of a broader financial strategy can free up your more expensive in-house resources to focus on driving business growth. This approach allows you to achieve cost savings, enhance the accuracy of financial reporting, and ensure compliance, all while concentrating on core business activities.
Smart Experts
As a leading outsourced bookkeeper provider with years of experience, we can fully train in your business's financial processes and implement a quality control system to ensure accuracy and compliance if required. We often use best practices and the latest technologies to deliver efficient and precise financial management, resulting in more accurate reports, faster processing times, and better overall service.
Smart Processes
Your processes will become more efficient as time-consuming bookkeeping and accounting tasks are handled without you having to worry about them. This efficiency can lead to a significant decrease in operational and overhead costs, providing a competitive advantage for businesses of all sizes.
Consultation and initial meeting
The process begins with a discussion of objectives, identifying areas where outsourcing bookkeeping and accounting can improve accuracy, reduce labor costs, and streamline financial operations. You can then evaluate the benefits of outsourcing compared to in-house accounting, considering company size, financial complexity, and current needs.
Proposal
We provide a detailed proposal outlining the scope of work, expectations, and responsibilities for the outsourced bookkeeping work. Our team ensures that our solutions align with your business's financial needs, offering cost efficiency and expertise in managing financial tasks effectively.
Recruit, Train & Start Work
Once partnered, we recruit and train skilled virtual bookkeepers and accounting teams to integrate seamlessly with your internal operations. We can help to set up systems for managing financial transactions, reporting, and other necessary accounting functions, ensuring a smooth transition from in-house to outsourced solutions. Payments are monthly in advance, but you are not committed to a long contract and can cancel with only 60 working days' notice.
Review and Revise
We regularly review performance to ensure continuous improvement in the accuracy and efficiency of the day-to-day operations. Our flexible model allows you to scale your business bookkeeping as needed, leveraging the benefits of local bookkeeping with the cost effectiveness of outsourcing.
Outsourcing bookkeeping and accounting services offers a range of benefits that can significantly enhance your business’s financial management. By leveraging outsourced accounting solutions, companies can ensure accurate and timely financial reporting without requiring extensive in-house resources or office space.
A 2023 Deloitte survey found that 59% of businesses used a virtual bookkeeping service primarily for significant cost savings. However, it also found that outsourcing resulted in more accurate financial reports and reduced time spent on administrative tasks. The benefits of outsourcing bookkeeping and accounting include access to specialised financial analysis, cost savings, and the ability to scale professional services based on business needs.
Finding the right partner like Kimon is essential; we can provide customised bookkeeping processes and tax preparation services that align with your business’s financial goals, whether that is full-time employees on a simple employer of record agreement or via full managed teams.
Compliance
Selecting a bookkeeping and accounting outsourcing company that adheres to GDPR regulations and maintains strong cybersecurity measures is crucial for protecting sensitive financial data. Ensuring compliance not only mitigates risks but also enhances your brand's reputation, making it a vital consideration when choosing a third-party service provider.
Be The Best
Guaranteeing that your financial operations receive expert support enhances both accuracy and business performance. By partnering with outsourced bookkeeping and accounting teams, businesses can access specialized expertise that improves financial accuracy and compliance. This is particularly beneficial for large companies in industries like Financial Services, where precise financial management is essential for success.
Save Time & Money
Consider how much time your internal team dedicates to financial tasks. Outsourcing bookkeeping and accounting services can eliminate these tasks from being handled by expensive resources, allowing business owners to allocate their budget more effectively. By leveraging the lower costs associated with third-party accounting providers, companies can focus on strategic initiatives that drive growth and innovation.
Support Your Systems
It's critical that your financial data is processed directly into your own system, whether it's Excel or your accounting software, as it is a valuable asset to your business model. As a reliable bookkeeping and accounting outsourcing partner we provide people that seamlessly integrate with your existing systems, ensuring that all financial transactions and reports are logged and analysed effectively. This integration supports informed decisions and enhances overall financial management by providing insights into cash flow, expenses, and profitability.
Outsource Your Bookkeeping Services for Efficient Financial Management
As a small business owner, managing financial information efficiently is crucial for the growth and success of your company. Whether you’re a startup or an established firm, handling your bookkeeping tasks can become overwhelming. If you’re currently relying on your own bookkeeping or a freelance bookkeeper, outsourcing your bookkeeping needs to a reliable accounting firm may be a good option.
At Kimon, we offer outsourced bookkeeping services designed to streamline your bookkeeping responsibilities while saving you valuable time. Our professional bookkeeper team specialises in a wide range of tasks, from bank reconciliation to payroll processing, management accounts and strategic planning. With our expertise, we ensure that your accounting function runs smoothly, enabling you to make informed business decisions.
Why You Should Choose Kimon For Outsourced Bookkeeping Services
Ensuring the best bookkeeping is a time-consuming task, so outsourcing your bookkeeping offers numerous benefits, particularly when it comes to cost-efficiency. Hiring an in-house team or in-house bookkeeping staff can be expensive and time-consuming. By choosing our outsourced bookkeeping services, you can reduce overhead costs while gaining access to a team of experts dedicated to meeting your specific needs.
We understand the importance of data security and work diligently to safeguard your bank accounts and all sensitive financial information. You’ll also enjoy the flexibility of choosing the level of service that suits your business, whether it’s payroll services, CFO services, or handling daily bookkeeping functions.
We offer accountancy services that are tailored to the unique needs of businesses in the United Kingdom, United States and all other English-speaking countries. Whether you’re a small business or a growing enterprise, our services provide the perfect balance of expertise and efficiency. We believe in delivering cost-effective solutions that ensure accuracy and compliance with financial regulations.
With a Dedicated Account Manager, you can trust that your accounts will be handled with the utmost professionalism. Our professional team will assist you with all aspects of your bookkeeping, from bank accounts management to strategic planning.
Tailored Bookkeeping Solutions for Your Business
Focus on What Matters Most
Outsourcing your bookkeeping means you can focus on what truly matters: growing your business and strengthening client relationships. By freeing up your time, you’ll be able to concentrate on enhancing operational efficiency and scaling your operations. Let our accountancy practice take care of the bookkeeping solutions and leave the day-to-day financial management to us.
When you partner with us for outsourced bookkeeping, you can expect a seamless transition from your existing processes. We take time to understand your business, ensuring that our accounting services are aligned with your goals whether it is through a simple employer of record agreement or an entire managed team. We are equipped to handle all bookkeeping functions and provide regular updates on the status of your accounts. Plus, with long-term support, you’ll benefit from continuous improvements in your accounting processes.
How It Works
Streamlined hiring with our robust recruitement processes
Our recruitment process filters out only the top candidates who fit your needs, both technically and culturally. We collaborate with you to understand your requirements and use advanced technology and testing to find the right talent.
Our approach includes interviews, skill assessments, and background checks, all tailored to your needs, ensuring a faster and higher-quality hiring process.
Define your Hiring Needs
If you have a Job description then we are happy to work with that. If you don't then we can assist with the creation of one that covers all the important requirements of your new hire.
Targeted Candidate Search
We will post your requirement on multiple platforms including Online Job Boards, Social Media Posts, The careers page on the Kimon website, and on our internal employee referral program. We will also undertake Targeted head hunting and LinkedIn Talent sourcing to find the best of the best.
Screening & Assessments
We filter candidates based on communication skills and follow up with technical assessments along with interviews testing the candidates core values. This is to make sure we only forward on excellent candidates for you to interview.
Approval and Referencing
Once you have selected a candidate and finalised our agreement, we will make a formal offer and perform the reference checks.
You keep control
While your outsourced team is fully employed by Kimon in the Indian subcontinent, you maintain full control over their work.
Delegation
You are responsible for assigning tasks and responsibilities to your employee but they will take the initiative wherever possible.
Guidance
You provide instructions on how they should carry out their tasks or prioritise their time
Oversight
Your employee will follow your guidance and report directly to you.
(For 3 or more people we also offer a managed team solution)
Monitoring
You can have the ability to monitor their progress and work quality through Timedoctor.
Training
You are in charge of their ongoing training to enhance their skills.
Read More About The Benefits Of Business Process Outsourcing
Meet the team behind it all
Our team is comprised of skilled administrative professionals, project coordinators, and process managers who share a common goal of delivering exceptional efficiency and support.
Michael Kitt
CEO & Co-Founder
Ali Memon
Co-Founder
Bhanupriya Rawat
Marketing Manager
Jessica Jayapalan
Business Head
