Traditionally, companies have a dedicated bookkeeper who records and tracks all the data relating to a financial transaction made by them. But in the modern era, when it’s hard to imagine our world without outsourcing today, most businesses irrespective of their size and type tend to hire the service of an outsourced bookkeeper from a third-party company which specialises in accounting and bookkeeping tasks. That’s what an outsourced bookkeeping service is. The major perks of outsourcing bookkeeping services are reduction of costs, concentration in core competence and achievement of better overall efficiency.