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Is it safe to Outsource Bookkeeping
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?
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
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
Quickbooks Online – India Presence
Quickbooks is one of the leading accounting platforms primarily serving markets of USA – UK and Australia. Quickbooks offers both desktop version and online version for businesses to manage their finances and accounting. Quickbooks has a strong hold in the US market and is also increasingly being considered as an accepted vendor for other countries including UK, Australia and Canada. [1] Quick Book Online India Presence Quickbooks offer a highly versatile and flexible option for business stakeholders to ensure the finances are managed in the best ways and acceptable by the GAAPs applicable for a country. Quickbooks has recently launched its online ...Read More
Posted in Accounting Outsourcing Services | Comments 0
How to Know the Correct Time to Outsource Payroll Services?
Every business owner has a horde of work to accomplish [1] on daily basis. Outsourcing payroll services results in saving a lot of time and money for a business owner. The responsibilities covered under Outsourcing payroll services include preparing salary checks, handling employee and company tax issues, preparing and filing quarterly reports, state disability and unemployment issues, issuing statements at year-end and paying withhold to various private and government agencies. If you are looking forward to outsourcing payroll services, you need to consider following tips: Explore The Options: Look at the various options available for outsourcing payroll services. Don’t ...Read More
Posted in Outsourcing Payroll Service | Comments 1
