Cost Savings Comparison: Accounting Process
Outsourcing (Offshoring) provides significant cost savings compared to existing onshore operations.
All figures in USD
|Bookkeeper/Jr. Accountant||US. Employee||India Cost|
|Payroll Taxes (8%)||3200|
|Overhead Costs (10%)||4000|
|Senior Accountant||US. Employee||India Cost|
|Payroll Taxes (8%)||4800|
|Overhead Costs (10%)||6000|
|Financial Analyst||US. Employee||India Cost|
|Payroll Taxes (8%)||5760|
|Overhead Costs (10%)||7200|
- Employee benefit costs in US not included in the comparison.
- Overhead cost includes cost of leasing computer hardware and maintenance related, software like accounting package licenses, training, floor space and electricity among others.
- Offshore cost are only estimates; includes wages, infrastructure, training and technology cost.
- US Salary figures are average figures.