Growth and excellence is the dream of any business. With accounting and finance division, businesses can optimized function and processes. Cloud computing can be one of the major points and examples of how accounting companies are integrating technology to make accounting more faster, accurate and safer. According to the research done by Accountex, more than 90% of businesses shall install cloud computing.

To match up the demand of skilled talent pool, USA CPA firms are spending hefty to train their employees on the latest technology including QuickBooks, Xero, TaxCalc etc but it is harder for the practices to fill the talent pool and rising attrition is making it harder. Sometimes employees switch to other firms after the training or start their own practices. This is one of the biggest challenges the accounting industry faces. To manage skills shortage and attrition which can be a cost affair, cost reduction can help to save a lot of money with the help of your offshore vendor as you don't have to pay the fees of the recruitment agencies. Also, you don't have to spend money on the training of the fresher candidates as you will get an accounting outsourcing team to provide accounting outsourcing services.