The present trend of generating income by putting it in outsourcing is all about a long-term contract to shift the business process to a third party services provider. It is simple to transfer the business responsibility with a view to increasing shareholder value by diminishing the business operating cost and reducing spending on non-core functions. […]
Entrepreneurs know bookkeeping plays an important role for the success of any business. However due to several reasons often the business owner arrived at our virtual door when things are not under their control. Outsourcing is not a rescue service. But yes… It can be said that a stitch in time saves nine. Many business […]
Every business has their own accounting arrangements to follow which support their business requirements but isn’t it the time to think something better to meet your unique business need. We believe entrepreneurs today should know about the benefits of outsourcing which will be quite helpful for their business if implemented. We the outsourced Bookkeeping can […]
Bank reconciliation statement is really an important reconciling report to check the disagreement between the cash book balance and bank balance. It identifies the difference and the causing reasons of the same. In simple terms it is the detail explanation where you can come to know about the reasons for the differences between the bank […]
Entrepreneurs nowadays started to follow the practice to operate on leaner budgets. It is really helpful in the present day’s scenario, not just to face the competition but to bring quality to the deliverables. We do believe that outsourcing some business functions are helpful for the business to keep the costs down while improving the […]
Bookkeeping world is based on universally accepted international accounting standard which is recently replaced in the year of 2001 by IFRS popularly known as International Financial Reporting Standard. A London based independent international standard-setting body regulated by the International Accounting Standard Board. International Accounting Standards or IAS are framed and issued by the International Accounting […]
The whole Bookkeeping planet depends on certain basic accounting concepts. These are the accounting standard. GAAP is the Generally Accepted Accounting Principles which should be followed by all the big and small enterprises. Every entrepreneur should have the knowledge about the concepts and implementation of basic accounting principles for preparing financial reports. Below are the […]
Accounting Software has its own place in the trade industry. It has some benefits over the traditional bookkeeping method. The accounting software is best suited for the small business units for faster accounting, non-erroneous bookkeeping, and easy taxation at a reduced cost. All the software comes with some useful features suitable for different requirement. Owners […]
The business owners of the modern accounting enterprises have to face hell lot of challenges starting right from hiring and retaining staff to process tax filling including understanding the continuous changes and effect of the practice on the system. We the Outsourced Bookkeeping is going to discuss some vital issues regarding tax accounting: Tax […]
Setting cash flow target for coming six to 12 months helps to provide an accurate outlook of the business. It is the best way of controlling business financial activity, especially for small business units to maintain and predict a cash flow forecast. Managing Cash Flow is nothing but setting targets for the credit controllers to […]
