Question 1

What is offshore accounting?

Accepted Answer

Offshore accounting is the practice of outsourcing accounting and finance operations to skilled professionals in other countries, typically to achieve 60-70% cost savings while maintaining or improving quality. Xshore provides elite accounting teams from India working US business hours.

Question 2

How much does offshore accounting cost?

Accepted Answer

Xshore charges $3,000 per person per month all-inclusive, which includes sourcing, onboarding, management, compliance, and tax. This represents 70% cost savings compared to hiring equivalent US-based accountants.

Question 3

What types of accounting services can be outsourced?

Accepted Answer

Property-level accounting, accounts payable and receivable, financial reporting, tax compliance, bookkeeping, fund accounting, CAM reconciliations, and financial analysis can all be effectively outsourced to offshore teams.

Question 4

Is offshore accounting secure?

Accepted Answer

Yes, reputable offshore accounting providers implement SOC 2 Type II compliance, encrypted data transmission, role-based access controls, and regular security audits to ensure complete data security.