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Outsourcing primarily means the handing over of some part of a business to a third party. In this arrangement, it is the third party which handles the day-to-day working of the process in question. The recent trends in business have positively favored the business of outsourcing. Companies have outsourced their major processes to BPO's or Business Processing Outsourcing, to decrease their area of immediate concern, so that they can divert all their attention to core issues. Accounting outsourcing is one such form of outsourcing.
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