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Author Archives: Madhu Jain

About Madhu Jain

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How can Bookkeeping outsourcing services boost your business?

3 Oct

Getting figured out your company’s financial transactions is a difficult task therefore many small and medium sized firms opt for Bookkeeping outsourcing services. The process involves the following essential steps Recording essential business transactions. Storing the selected ones. Retrieving financial transaction. In this competitive environment most organizations get trusted Bookkeeping outsourcing services [1] for them, rather than going for an in house process. Hiring such services enable company’s focus on their fast expanding business. Another advantage is company’s get these services at affordable prices. Rather than hiring a full time employee gives this important job in the hands of dedicated professional is for what companies ...Read More

Posted in Accounting Outsourcing Services | Comments 0

Accounting Systems Setup

30 Mar

Accounting system the way it is called speaks about setting up the accounting logic and structure of the accounting financial statements relevant for the industry in which you business operates and more specifically to the individual need of your business. [1] Accounting System Setup With cloud based accounting picking up the market acceptance and increasing popularity of outsourcing services for managing business finances and outsourced bookkeeping services, it becomes much essential for a business enterprise to properly document the business dynamics in which it operates and the transaction flow cycle relevant for the individual businesses as that may be a good input ...Read More

Posted in Accounting Outsourcing Services, Accounting Services For Small Business, Bookkeeping Service | Comments 0

Is it safe to Outsource Bookkeeping

14 Mar

Bookkeeping Outsourcing represents the current market phenomenon to ensure that the finances of an organisation are managed by independent third party accounting and outsource bookkeeping experts which at the same time ensures better time management and ensures cost effectiveness for start ups, growing organisations and fairly matured business practices. [1] Outsourcing Bookkeeping And Accounting Services Recent rise in the number of start up businesses across the globe and pressure to perform in competitive market scenario with limited initial financial support calls for efficient business decisions to be taken by stake holder to ensure cost effectiveness in all business processes including accounting and ...Read More

Posted in Accounting Outsourcing Services, Bookkeeping Service | Comments 0

Accounts Receivable and Accounts Payable Accounting – Why Critical for Small Business?

10 Dec

The first question that might come to your mind is – What is an Accounts receivable and whether I need to take care of A/R accounting for my small business [1]? Accounts receivable (A/R) shows what others owe to the business enterprise at any point of time. Accounts receivable accounting comes into play generally when your business does sales on credit. When a cash sale is done, there is no receivable due from customers, hence no need to have A/R records. However, when a business has credit sales on its books, the amount due from customers are generally recorded as Accounts ...Read More

Posted in Accounts Receivable Services | Comments 0

Goods and Service Tax: GST Accounting in Australia

6 Dec

Goods and Service Tax (also referred to as GST) is a kind of Value Added Tax prevalent in Australia and is applicable on supply of taxable goods and services. [1] Goods And Service Tax Get Accounting In Australia If you are running an Australian business and the annual turnover of your enterprise is above the minimum threshold (as fixed by the AU tax laws from time to time), you may be required to get registered for GST and pay the tax. Depending upon the actual turnover (or likely turnover for the year) and other prescribed laws – you either would be required to ...Read More

Posted in Accounting Outsourcing Services | Comments 0

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