Tag Archives: Accounts Outsourcing

Preparation of Business Plan for a Successful Business

Planning is first step towards conversion of ideas into a business strategy. It helps to effectively achieve the goal by proper allocation of resources. Business plan is one such step towards planning where the entrepreneur converts his idea on paper.

A business plan is any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems and opportunities.

Business Plan helps to visualize your business and forecasting the future based on present deployment of resources.

Here are some of the tips to write a good business plan:

1. Know your Audience:
Business plan written with a target audience in mind can be much helpful as you can prepare the business plan as per the knowledge and level of understanding of Audience.

2. Important parts of Business Plan:
A good business plan should have a proper flow of information and should be classified into various parts.
Generally a good business plan should be divided in following parts:
• Executive Summary of business plan
• Product Service
• Management team
• Target Market and competition
• Implementation schedule
• Milestones to be achieved
• Threats and opportunities (SWOT Analysis)

3. Structure of business plan:
A well defined business plan should have a proper structure and logical flow of ideas. It aims at convincing the reader of successful business in future.

4. Clear definition of milestones and time frame for achievement:
With clear strategies business plan should state the time frame for achieving the business goal and tentative schedule for implementation and achieving the goals of business.

5. Emphasize on cash flow:
An effective business plan should emphasize on cash flow of the business. For analysts it is important to have a cash earnings for business rather than just generating a positive gains for the business.
Rayvat Accounting offers business plan preparation services for small and medium sized business helping them to present their business various stakeholders effectively. For more information on our business plan preparation services contact info@rayvat.com and we shall get back to you as soon as possible.

For More Information Visit Us: Accounts Outsourcing

Manage your Outsource Accounts Receivables Effectively

Accounts Receivables management becomes an important aspect of your business when the it is in growing phase. Accounts Receivables Management can act as a savior when the business is facing working capital crunch.

How we manage your receivables:

• You can consider us an extended member of your team.
• We would document all the calls made on your behalf and all email communications done for your business.
• The staff is fully trained in managing your receivables

We would give you a complete report of:

1. Ageing of your receivables
2. Follow up done by us
3. Responses of the clients
4. Report of Disputed Amounts

Advantages of working with us:

Cost Benefit:
1. Cost Benefit: We provide services at highly competitive by outsourcing model.
2. At Rayvat Accounting we shall provide you timely reports to help you analyze the current status of your receivables.
3. Better Receivables Management can help in better working capital turnover and thus help the business to thrive.
4. In most of the cases the receivables are left untouched due to overworked staff and business
5. We shall comply with fair policies for converting your receivables to cash by realistic, prompt as well as pragmatic approach towards receivables management.
6. We shall always ensure to maintain reputation and goodwill of your enterprise.

We would surely reduce unnecessary ageing of your receivable by outsourcing your receivables and thereby better management of working capital.

For More Information Visit Us: Accounts Outsourcing

Easy Bookkeeping Services for Small Business

Bookkeeping is the term which is used to manage accounting division of any organization. It is a disciplined process generally happening in monthly bases consisting of preparing reports, entering transaction into the journals and making the money adjustments. Purchasing of Bookkeeping software and to train the people for bookkeeping is can be a costly process.

Such companies, who do not have the capability to manage bookkeeping services, can take the benefit of outsourcing bookkeeping. Accounts Outsourcing can save money on overhead and insurance, payroll taxes, employee benefits etc. As an Australian Bookkeeping Company, we provide you the wide range of service for outsource bookkeeping.

Small businesses often face the challenge for growing the business and costs piling up. Once considered to be done by huge companies, outsourcing bookkeeping services as a non-core function is now being done broadly by many small businesses. For Easy Bookkeeping Services for Small Business, it is better to find a qualified Professional Bookkeeper or Bookkeeping Consultant who can keep all records of accounting with accuracy and help you to avoid the potentially expensive mistakes.

By hiring a professional bookkeeper with experience and training, you can focus on marketing and operational aspects to run the business. It will help you to increase the profit and concentrate on streamlining operations.

Have you ever been wondering How to do Bookkeeping? We are providing you some guidelines that run your bookkeeping and your business smoothly. The guidelines which company should take care while doing the bookkeeping are mentioned below:

• Keep and file the all important business documents up to date.
• The money which comes into or out of the business should depart through the bank account of business or the petty cash.
• Keep the financial records and accounts of business and personal separate.
• Stay on the top of customer invoice.
• Keep the use of software if you want.

Virtual Bookkeeping can help you to take the benefit of saving your costs by outsourcing to us. We provide you the bookkeeping services which would help you to increase the profit in your business.

Catch the Benefits by Outsourcing Tax Returns of Small to Large Size Business

The process of preparing the income Tax Return for a person other than the taxpayer is called as a Tax return preparation. It may be done by the person who pays the tax with or without taking the help of online services or any kind of software. Also it may be done by the certified accountant, an attorney or an enrolled agent.

Preparing an income tax returns on your own is little bit a tough task. Organization looks forward to manage their Tax Return Preparation by outsourcing experts. Timeliness, cost, efficiency, profits are considered as most crucial factors in outsourcing return preparation. More and more accounting firms and CPA are opting for outsourcing tax return preparation. Online Tax Return is also available. For standing in the market in line with current demand, Rayvat Outsourcing offers you the tax return preparation service.

The benefits of Accounts Outsourcing Tax Return Preparation are marvelous and they are mentioned as below:

• Arrangement for outsourcing can accommodate new engagements that come up during periods of peak demand
• Increases the speed of Tax return preparation
• Increases the domain knowledge for financial process
• Data is secured and confidential
• It also helps you to focus on critical business aspects like new customers and financial analysis
• Fast turnaround with no defeats

Rayvat Accounting specializes in Tax return preparations work. It will help you to manage your tax return.

Cross border transfer of work to virtual environment in era of Cloud Computing

In era of cloud computing, remote operations, majority of the work would move from onsite to the virtual environment. This would also result in work being transferred cross border in order to gain from the cost advantages between eastern and western countries.

It has been almost a decade for the Information Technology work (like software development ,web development) has moved to virtual world leaving back the barriers of location.

It is beginning of a new era for cross border accountancy just like the Information Technology Sector.

However there are challenges for Accounting Sector which needs to be addressed. Some of them are:

a) Network security

Bringing the data on network can have increased risk of eavesdropping and compromising on confidentiality of client information

b) Knowledge expertise
Accountants have specialized knowledge of certain definite national laws and regulations.
In order to go cross border new expertise has to be gained.

c) Legal requirements
SOX and other regulations have stringent requirements for outsourcing of accounts related work.

d) Professional and ethical conduct of accountants.
Local regulations of the CPA’s govern the professional and ethical conduct of the accountants.

e) Managing Cultural Diversities and knowledge of International Laws
There might be communication gap due to different cultures.

I would like to invite member’s comments who hold any view regarding cross border transfer of work.

For More Information Visit Us: Accounts Outsourcing

Benefits of Outsourcing Payroll Processing

For a small business, Payroll Processing Service can devour the marvelous percentage of an entrepreneur’s gross income until and unless one knows how to approach the payroll aspect in a best way. It is too difficult to manage especially for the owners who work in limited resources and budgets. Errors occur when the owners administer the Payroll services by their own. If the paychecks will not go on time, consistently, the confidence of the company can break up. And when the morale drops, the productivity, sales and the income drops. This in turn will harm business.

So to avoid number of complications, more entrepreneurs are hiring their Payroll Service Providers and lessening the burden of in-house payroll. There are unique advantages for Payroll Outsourcing like reduction of cost, lower risk potential, confidentiality of data, no penalties, direct deposits of money etc. Employment and wage laws change frequently. It is possible that the entrepreneurs or the owner do not know about the law changes as well as they do not have time to understand the new laws. Thus they may be choose the outsource payroll companies. In this way, hiring the Outsource Payroll Service company is always beneficial and it will help the company to reach at higher peak.

For More Information Visit Us: Accounts Outsourcing

For The Benefit of Your Company Hire the Outsource Payroll Processing

In any company, payroll is known as the financial records which include the salary provided to the employee, the deduction made as well as the bonus given to the employees. The most usual work for Payroll Processing Service is to write the paychecks for the employees. The company will provide the bank account to the payroll processing company. In general it will deposit the amount of pay funds for the employees in the bank account before the payday comes every month. Than after the company for Outsourcing Payroll Services use these amounts to pay the employees and taxes of payroll.

For a small business, Payroll Processing can devour the marvelous percentage of an entrepreneur’s gross income until and unless one knows how to approach the payroll aspect in a best way. It is too difficult to manage especially for the owners who are already work in limited resources and budgets. Errors occurred when the owners administer the Payroll Services by their own. If you make the mistake to add the someone’s overtime or holiday pay, the employees will get angry. If the paychecks will not go on time, consistently, the confidence of the company can break up. And when the morale drops, the productivity, sales and the income drops. This in turn will harm your business.

So to avoid the number of complications, more entrepreneurs are hiring their payroll services and lessen the burden. There are unique advantages for Payroll Outsourcing like reduction of cost, lower risk potential, confidentiality of data, no penalties, direct deposits of money etc. Also day by day the employment and wage laws change. It is possible that the entrepreneurs or the owner do not know about the law changes as well as they do not have time to understand the new laws. Thus they may be choose the outsource payroll companies. In this way, hiring the Outsource Payroll Service Company is always beneficial and it will reach the company at higher peak.

For More Information Visit Us: Accounts Outsourcing

Financing Plays A Vital Role To Start Up A Small Business

In this money minded world, generally Business Finance indicates the finance area in which you have to deal with the decision making of finance as an entrepreneur or enterprises. The key point in business finance is to increase the business at corporate level. Many people have to take financial risk and manage it. Though it is different from managerial finance in which you have to take the decision for financial firms including the corporations, the basic concept for business finance would be appropriate for all types of financial firms.

The Small Business Financing refers the goal to provide the funds or any assets for starting up the new small venture. The business owner obtains or brings the money keen on an accessible small business to current finance or the future activities of the business. It should be done in the proper way that it can manage the risk and take the profitability with consideration of all limitations.

The funding or financing can be of the long term or short term. It depends on the sources of nature through which the funds are coming. The short term and long term designs the money structure of the business enterprise.

The finance can be at the global, regional or the firm specific level. The enterprise’s financial system is used to track the all financial activities of the firm. At the regional level, financial system enables the borrowers and lenders to exchange the money or funds. In the Global Finance, the system includes institutions, regulators, borrowers as well as lenders at the broader range which can act at the international level. It is a worldwide network.

By concluding this, the most important thing at the initial level is to keep your business buoyant so the firm can earn the profit. Do not ignore the small details when starting up the business. It can be break your ideas.

For More Information Visit Us: Accounts Outsourcing

Get More Benefits by Hiring the Payroll Services

Payroll plays a very important role in any small or large business. Any organization or the company must have the knowledge and clear understanding of how to do the process of payroll of their employees. To realize this requirement and help to increase the confidentiality, at Rayvat Outsourcing Services we provide a wide range of Outsource Payroll Services to their clients.

Due to increase in complexity in business environment on compliance side Payroll Services becomes a tedious task .It creates a confusion in doing paperwork, in transferring the money in different bank Accounts Outsourcing and making timely payments . If there is any error in the documentation, the company can incur penalties and extra fees for it. So to avoid all these things, hiring a payroll management company are requirement of time.

“Life becomes very easier if the corporate payroll services take care of all this issues.” Let the payroll service company manage all your things related to payroll.

Outsourcing Payroll Services has many benefits such as

• The payroll outsourcing company provides the information to the business owners. It can serve as MIS reports

• Analysis can be done on how the labor cost affects your bottom line and it will helps you to plan future of business. It can save the time as well as money.

In the conclusion, finding and hiring a Payroll Processing Services is an important aspect for controlling human resource and maintaining it for organizational growth.