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What are the benefits of outsourcing Accounting and Book-keeping Services?


Every business needs to have their books of accounts organized in order to make their financial statements at the end of the year. Maintaining your financial statements is a tiring activity. You need to maintain transactions daily and cannot afford to miss them especially when your business is growing. Hence, outsourcing your books of accounts will help you pay attention to your requirement of your business. Here are a few benefits of outsourcing bookkeeping.
1. Time Saving Activity Instead of hiring a team of accountants, training them, and following up if they are doing the job correctly, you can approach professionals who will do the job much more efficiently. Also, you do not need to go through the entire process of hiring new people and providing them time to adjust and settle with their work. Since you do not need to maintain records on a daily basis you save a lot of time. As a result, you have sufficient time to look after your business operations.
2. Convenience You can always be in touch with the firm who is managing your books to get a summary of the financial statements on a daily, weekly or monthly basis. This also helps track whether the firm is working as per your expectations.
3. Special Expertise Are you considering hiring an accountant to work for you? By outsourcing your books of account, you need not go through the process of recruiting. There is already a team of experts who analyze and work on your books of accounts. Moreover, outsourcing your accounting process will benefit you to get better tax benefits as the accounting experts are always updated with latest tax policies. Additionally, you will get better inputs regarding financial tax planning for your company.
4. Level of Accuracy A team of experts who have already been on the field for a considerable amount of time will do a much better job than the accountants you decide to hire and train. Besides having a separate team which you do not need to monitor, a dedicated staff for accounting will definitely ensure accurate results. There will be no scope for frauds and manipulation in the books of accounts and financial statements will show a true and fair view of your company's performance.
5. Focus on Growth Outsourcing your accounting gives you time to focus on your company's growth. It allows you to focus on what you can do for your business, how can you generate more revenue, etc. This allows you to concentrate more on core competencies and less on administrative burdens of the company. Focusing on the company's core interests will give you results far outweighing the cost of outsourcing.

Nov 25, 2016 | The Computers & Internet

1 Answer

Does it cost money to have an account


No it does not cost money to have an account. It does however cost money to buy books to read, However some books you can get for free. You can get a free account from amazon.com.

If you have a tablet just download the Kindle app from the app store and it will walk you through setting up an account and everything.

Mar 09, 2016 | Tablets & eReaders

1 Answer

What type job of relationship manager


hi,
read the following.
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The role of Business Relationship Management, or the Business Relationship Manager (BRM), is an emerging role in Information Technology (IT) organizations. The BRM is a liaison between IT and the business. The BRM has significant knowledge in subject matters pertaining to both IT and the business. The BRM is responsible to understand the business, assist in the prioritization of projects, ensure that projects align with the technology that best provides maximum return on investment, and direct IT strategy in support of the overall business strategy.



Business Relationship Management differs from Customer Relationship Management (CRM) in that BRM is an advocate for the business within IT without the external influences to sell product and keep a deal going. Also, the BRM is an employee of the same company as the business and IT organizations that are supported. The CRM is an employee of a third party company with different motivations for a different bottom line.





Responsibilities Responsible (Fulfills the task independently)

  • Pre-project business solution design

  • Has relationship with internal technology teams

  • Has relationship with external technology vendors

  • Identifies opportunities for operational efficiency

  • Service Level Agreement (SLA) negotiations

  • Directs projects towards desired technology strategies
Accountable (Fulfills the task by coordinating others efforts)
  • Overall solution delivery (project progress)

  • Project issue resolution

  • Develop long-range technology strategies

  • Provides initial project estimates for cost-benefit analysis

Consultant (Advises on the task)

  • Participates in technology aspects of business-sponsored RFx's

  • Evaluate project objectives

  • Project prioritization

  • New business initiative analysis
Informed (Is advised on the task)
  • Gains understanding of business strategies

  • Gathers information on competitor technology

  • Stays abreast of industry trends in the business and technology

  • Has relationship with research firms

  • "...involved with advanced or emerging technology groups within your IT organization"



Key Role Interactions Business Partners
The BRM works with the business at several organizational levels. The BRM will work with business area teams to understand project requirements, shape the initial project request, and provide a high-level estimate of the project effort and costs used in cost-benefit analysis. The BRM will regularly report back to business managers on the status of projects.
Application Architects
Early in the process, the BRM works with the architects to discuss potential solutions that match the business strategy with the technology strategy. The architects will also provide consulting on additional costs due to additional equipment or increased capacity requirements.
Project Managers
Early in the process, the BRM works with the PM's to discuss staffing needs, high-level timelines, and the associated cost. Throughout a project, the BRM will stay informed on the project status in order to provide business managers with regular status. Occasionally during the project, the BRM will be used in a facilitation role when an impasse between the technology team and the business team occurs.
Finance Managers
The BRM may also need to work and supply information through to either a dedicated IT Finance team or to Management Accountants within the Finance Function. This can cover involvement in the Organisation's annual planning process (The Budget), updates to forecasts, down to providing updates from IT Department & Project managers in helping analysis of IT spend to date.
Professional Skills The BRM needs to have subject matter expertise in both the business and technology. As such, it is not possible for the BRM position to be an entry-level position. Rather, this position requires the ability to understand the business sufficiently to communicate the importance of projects to the technology teams, as well as to understand the technology sufficiently to communicate the complexity in simple terms for the business.
"Additionally, attention to detail and good analytic skills are important because there are always a lot of interdependencies, and even a simple change could affect other applications or parts of the infrastructure."
nterpersonal Skills The BRM "straddle IT and business with these key skills:

  • Communication

  • Presentation

  • Critical Thinking

  • Collaboration"


Dec 29, 2010 | Panasonic Audio Players & Recorders

1 Answer

I would like to find a good business apps but I sure don't want to pay for it. Do you know any free business apps?


Here are some good finance apps you may use for free: 1. PageOnce -PageOnce is a useful site that allows you to view many different accounts on one page. This can range from social sites like Facebook to email accounts. However, the real use for PageOnce from a business perspective is the ability to add financial services accounts to the page. It supports more than 6,000 financial services- including credit card accounts, bank accounts, and investment accounts. 2. iProcrastinate Mobile-There are plenty of to-do lists and project management applications for the iPhone, but most of the best ones cost money. Not so with iProcrastinate Mobile. This terrific application gives you a slew of features without being overbearing or difficult to use 3. Box.net - Accessing your spreadsheets, presentations, and other documents while you are on the move can be very useful. Box.net provides an convenient way to access, share, and collaborate on your business documents.

Sep 06, 2010 | iPhone Apps

1 Answer

MS Project report customization


1.Click View > Resource Sheet.

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Click View > Tables, Cost to apply the Cost table.

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Review the cost columns.

Apr 10, 2017 | Microsoft Office Project Professional 2003...

1 Answer

When i try to share a project it gets hung. What do i need to do


Trying to share a project? thus this mean that ytou are trying to share your project by sending it thru email?

see how is big your file is and if can be accomodated by your server or your email account, if you are using email account for free, it has a maximum file limit, check this first. if your file is too large, have it in a zip file so that you can divide it into a smaller file, in that way you send it.

or the best way is have a account to those provider that has a sharing account workgroup(ex. officelive or groove account by microsoft) you can subscribe to micosoft office live, It has a capability up to 5GB and you can work on the project at the same time.

Nov 05, 2009 | Broderbund The Print Shop 21 Deluxe Full...

1 Answer

We are trying to find a free schematic, or owner's manual, repair manual for Pioneer SD-P4573-K. Do you know anywhere that these can be found?


Speaking from experience, you can find a repair manual on the internet in PDF which costs around $25.00. The owners manual does not have any schematics. What is your particular dilemma? You might want to post an email account so that is would be possible to compare versions

Aug 04, 2009 | Pioneer Televison & Video

1 Answer

Looking for information - for my 10th project ...


Tally - An Integrated Enterprise Solution with Complete Accounting, Inventory and Reporting capabilities.
Tally provides a total solution that helps you to manage your accounts and inventory. Its vast array of management reports puts you on top of your operations be it a small business or a large one or even a non-profit organisation.It is a package introduced along with VAT feature..

Accounting Features :
1)Accounting without CODES
2)Unified Ledgers
3)Complete Book-keeping
4)Comprehensive Accounting
5)Multi-Currency Accounting
6)Receivables and Payables
7)Ratio Analysis
8)Budgeting, Auditing and Security Control
9)"Scenario" management
10)Unlimited Cost/Profit Centres
11)VAT and Sales Tax handling

Inventory Features ::
1)Multi-location Stock Control
2)Comprehensive recording of stock movement
3)Variety of management reports
4)Aged stocks Analysis
5)Batch- related stock reports
6)Re-order levels

Aug 30, 2008 | Toshiba Satellite A135-S4527 Notebook

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