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Showing posts from 2016

Enhance your small scale business with XERO Bookkeeping Services

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A perfect accounting solution for all the small scale business owners who want fast, efficient, error free and on the go services, XERO accounting software is now a go to software. One of the main benefits of using this software is that no matter where you are, you can log in to your account from any electronic device; all you need is your user ID and password. When you work with aXERO Bookkeeping Servicesexpert, you also get the facility of one time invoice creation. All you need to do is create the invoice once and send it. The need for sending separate copies to clients and accountants is now not necessary. XERO will see to it that all the parties are intimated of any changes that are made in real time.
Simplify your accounting with XERO Bookkeeping ServicesRayvat Accounting was aXero certified advisor. We work with small scale business and help them set up and train them on how to work with this accounting software. We assist our clients to set up the software, along with that if th…

Simplify your business with online bookkeeping services

Simplify your business with online bookkeeping services: Most of the firms who offer Online bookkeeping services, like Rayvat Accounting, work on virtual cloud platforms. you get it done at affordable costs.

Importance of hire an online accountant for new business

Importance of hire an online accountant for new business: what if you want to hiring an online accountant? Rayvat Accounting are one such online accounting services especially important for your any business.

How hiring an outsourcing partner would help you with your superannuation

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Understanding SuperannuationIt was the year 1992 when the Superannuation Guarantee, also known as SG, came into effect. This policy came into existence as so that the Australians can get the opportunity to enhance their retirement fund savings. Since the time it was implemented, this policy has achieved unilateral support from all political parties, which is one of the reasons for it being one of the major component of many australians’ retirement plans as well as one of the prominent investor in the Australian Economy. If we look at the current asset base of theSuperannuation funds in Australia, it stands at almost two trillion australian dollars, and it is expected to grow exponentially in future. What you need to know about Superannuation in Australia If we look at the forecasts, along with the funds that are currently invested inSuperannuation in Australia, the sum total represents one of the largest possible sum of funds that are under the management of any government of the world.…

Importance of hiring an online accountant for new business

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Accounting is an extremely important aspect of any business. Once decision ofHire an accountantwould mean you get to actually see the difference in the amount you would be able to save. Which is why this decision should be made very carefully. Hiring an online accountant is especially important for those who own a business or have just started their business. This is because, unlike when you do personal accounting, business accounting has many rules and regulations, so hiring someone likeRayvat Accountingwould help you navigate these rules and explain them. Things you get when you choose to work with an accountant onlineWhen youchoose to Hiring an accountant, you would probably have a few meetings and check if the prospect is great or not. Which is the best way to do these things, but what if you want to hire an accountant online? This is not something that comes in mind of many owners whilechoosing an accountant, but it is something worth exploring. Whenever you make the decision ofhir…

Major aspects of small business accounting professionals

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The most crucial part of any successful business is accounting. When you are starting a business, do you really need to hire an outsourcing partner? Any startup founder would know that initially the crunch is too much in order to think of any additional investment that would not lead to much ROI. But, if you want to be successful in long run, it is necessary to make smart investments and decisions. And one of the smartest investment that you can make is tohire a virtual accounting services firmlike Rayvat Accounting.












Measuring your success with virtual accounting services So how do you measure your financial success? There are three main measures. They are the cash flow statement, the profit and loss statement and the balance sheet. Let us see each of them in detail. TheCash flow statementwould provide an idea as to how much liquid cash you would have at a particular time in your future. By looking at your profit and loss statement, you would know the profitability of your business and…

Does outsourcing virtual accounting services really impact your growth?

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Everybody knows that when you start a business, you need to maintain your books of accounts. But the thing here is that new business owners have a lot up their sleeves, they need to be on their toes in order to ensure that their business is successful. Unfortunately, that does not leave much time for accounting. Which is why it is most often kept on hold. But, this is a wrong strategy for the overall business. Maintaining daily accounts should be one of the top priority for a business. It could mean hiring a great outsourcing firm that provides Virtual accounting services, but it also provides a lot of advantages. Getting the best of technology by hiring virtual accounting firmsOne of the major advantages of maintaining daily books of accounts is that it would help the business owner know the progress of their business.Hire avirtual accounting firm, like Rayvat Accounting would be of an help for you. In addition to maintaining your books of accounts, Rayvat Accounting would also help y…

A MYOB Accounting Software can handle your Accounts

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Accounting is essential not just to know the status of your business but it is also required by the law so that suitable tax statements can be filed. However, not all business owners are proficient in accounting. They need to Accounts Outsourcing work to the experts so that they can get the best services.

 The Indian BPO industry has created a niche for itself in the accounting arena. Catering to clients from all over the world, the Indian companies have earned respect from their clients for the unprecedented services that they provide. One such name that has earned the reputation of being the MYOB accounting services to Rayvat. Rayvat offers superior quality Myob bookkeeping australia. Conforming to the Australian standards of bookkeeping, the company offers customized services to the clients. The features of the MYOB accounting software are well used by the professionals to provide up-to- date account statements for the Australian clients. All tax liabilities and statements, essenti…

Tips to effective Bookkeeping for Small Business

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Knowing the best ways in order to gain maximum advantage for bookkeeping for small business services

Not many people love working with numbers. Even if they do, they cannot spare much time especially if they have a small business to run. Working with an Bookkeeping Company would be a good idea as you will get all the important facts right on your fingertips and all the paperwork at the right time.
When you are a small scale business owner, chances are that your workflow is pretty tight. Planning for major expenses would be a great idea. Forecast your major expenditures for the next five years and plan out a way to meet those expenditures as and when it comes.

One major perks of having a professional handle your bookkeeping is that you can keep a track of your expenses. Your partner would also help you analyse which expenses fall under which header, and the easy reports would let you know if in case you are over spending on something, or you can cut back in any way.

On the whole, hiring an…

Gain best packages to manage your Bookkeeping with Xero

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Best XERO accounting services provider for Australia

In Australia, prior to the year 2000, most of the small scale business owners managed their businesses using the traditional paper based accounting and bookkeeping techniques. Unfortunately, it was in the year 2000 that GST was introduced. Under this new law all small scales firms has to start using accounting softwares.
In order to ensure that all the small scale business owners did it, the government also offered a grant of a hundred australian dollars in order to cover the cost of almost all small scale business Bookkeeping with xero softwares.

Of course, if your business had an extremely small number of transactions, you could still manage your business online. But still, one had to report quarterly under the new BAS laws, so the bookkeeping load on the business owners increased quite significantly. The owners had two choices, either outsource their Bookkeeping with Xero services or invest in the software. The second option meant a…

Supporting your business with accounts outsourcing companies

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Let’s grow together with Accounts Outsourcing to India

The filing of your books of accounts and tax returns are quite confusing and bound by rules and regulatory environment. For an entrepreneur, who is not from commerce field can find it quite hard to understand and navigate this complex structure. The best option for the entrepreneur would be looking for Accounts Outsourcing Companies Even when the entrepreneur is from commerce background, the task of maintaining the books is quite mundane and sucks in quite a bit of time that you could be using to focus on your business. You could also hire an accountant, but it would mean investing in salary of one additional person as well as giving them additional resources. When you opt to go for Account outsourcing to India, you get the advantage english speaking professionals who would be working exclusively on your project at affordable costs.

Along with Bookkeeping Services, if you opt for firm like Rayvat Accounting, you also get payroll, ba…

Choosing the Best Company for Accounts Outsourcing Australia

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Globalization has brought the companies from different parts of the world to a common platform. However, to be able to globalize and be successful, you need the right partners. If you are looking to Accounts Outsourcing, you can consider the given factors in choosing the best company:
Local Knowledge: an accounting firm to be able to manage the accounting business of an organization must have the knowledge of the local market, its equations and the regulations. Companies being chosen for Accounting Outsourcing must be well versed with the accounting and tax norms of Australia.

Global presence: While knowledge of the local rules and regulations, a company offering Australian Accounting Business must have global presence. This helps inreaching to different offices in case of need. Moreover, having global presence ensures that you can take advantage of regional or global agreements between countries.

Understand your business: your Australian Accounting Outsourcing partner must have a sound…

When to approach on accounting outsourcing company?

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Increase your business worth with accounting outsourcing company
The most successful Accounts outsourcing could be done be proprietors who do not have sufficient commerce and bookkeeping knowledge. Since finance is the backbone of major business decisions, if a proprietor partners with a knowledgeable accounting outsourcing company, they would have an essential advantage of having professional books as well as can avail advise of the business decisions.
In business, especially when you are just starting or are running a small scale business, time is money. When you work with an Accounting outsourcing company, you save time and can channel all your resourcing towards developing your business.

The business gets to effectively utilize its capital on its core areas instead of spending it all on training, overheads, office space, recruitment, etc. With working with a reputed Accounting outsourcing firms, you have professional and skilled people who offer high productivity at affordable cost…

Focus on your business in Australia with Shoeboxed xero integration

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If you are running a small scale business in Australia and managing your own finances are, chances are you put it off till the last minute. You might save up on all the receipts and then sit down and face them after months of putting it out of your sight. But, when you Accounts Outsourcing to a firm that works on Shoeboxed, you would save yourself these monthly mundane stress.
So how does the Shoeboxed xero integration works?
Firstly you need to send all your receipts to shoeboxed. They get scanned and are verified. You then get organised data for expense reports that are ready to use for Xero accounting Australia. When you outsource your work to Rayvat, the amount of time you spend on books of accounts would be negligible, while the books would be perfectly maintained.

All your transactions would be reflected in xero. When you are running a small scale business, you have tons of work to do..That includes ensuring that your business stays profitable as well as being great to your custom…

Tips for Australian firms to save money by accounts outsourcing

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Accounts Outsourcing profiting Australian Firms

There are countless Australian firms who have been able to save thousands of dollars by deciding to Accounts outsourcing. When you work with a professional accounting outsourcing, you get professionals working on your books of accounts, budgeting, tax planning, payroll, financial planning as well as managing your insurance. When you outsource your accounts to an experienced firm like Rayvat, who has in all the details of how the accounting works in Australia, you get all your books of accounts created that can be submitted to the relevant authorities with a glitch.
 Rayvat Accounting outsourcing Services offer end to end offshore accounting and financial services to industries and firms based in Australia. We have a team of dedicated professionals who are well versed in the statutory and tax laws as well as who are aware of the accounting and financial nuances that are practiced in Australia.

All the members of our team take effective me…

Best Practices of Accounting for Small Business

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 How to choose the right method Accounting for small business?
In order to figure out which method of accounting for small business, the best way would be to analyse it in terms of the size of your business. It also depends on who would be preparing the books of accounts, would it be the proprietor himself, a full time accountant, accounting department or bookkeepers. When you choose the accounting package, it should be in line with the requirements and the comfort of the person who would be operating the software or working on the books of accounts.
The reason for this is that the capability of the user should be in line with the type of Accounting services and the quantity of transactions done in year, in order to gain the best results. For example, if you spend a lot of dollars spending on a sophisticated high end software, and your accountant is not aware of most of the features that could be used, he or she would not be able to make full use of it, thus even though you wanted the…

Get maximum out of your Accounting Outsourcing Company

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Reasons you should opt for Accounting outsourcing Company
The main job of an Accounting outsourcing company is to serve their clients to the best of their abilities. Most of the services offered by Accounting outsourcing company. We are provides managing books, payroll, account receivable and payables, and much more.
While most firms now hire a professional firm to manage their accounting, they constantly end up worrying if they are getting their end of the bargain. It is more economic for firms of any stature to hire an agency to manage their books, when compared to the hassles of trying to do it yourself. There are tons of agencies from developing companies that provide high quality services at competitive prices. India is one such country that you could look at while deciding to Outsource your bookkeeping services.
So how do you decide which outsourcing provider to choose? Simple. Research. Go online and start looking at the firms who offer the services that you are looking for. Ch…

Partner with a quickbooks outsourcing services provider and gain power over your business

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Is partnering with a Quickbooks bookeeping services consultant a good idea?

Before the advent of accounting softwares, most of the SMEs would rely on the traditional pen and paper method to keep a record of their accounts. But, now that there are various accounting softwares available no business needs to waste their precious time and resources in order to maintain their books.

There are various types of accounting softwares that are available in the market, the only issue that remains is to check which of the available softwares would be a perfect match for your business. One such software is the QuickBooks software. Due to its consistent performance in the market, it has emerged as one of the most used accounting software by firms of varying sizes.

One of the main reasons that this software has gained so much popularity is that the functionality is quite easy to master and maintain. The software is such that it gels with almost all industries. While the Quickbooks software is quite …

Accounts Outsourcing For Your Small Business

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Should startups hire accounts outsourcing partners for managing their accounts?

In order to run a successful business, managing your accounts properly is crucial. But, when starting a small business, many people think hiring an Accounts outsourcing firm would eat into their megre profits. But, if small scale businesses or startups get help to manage their Accounts outsourcing could help you scale up your business.
This is so because when you have a standard Accounting services standard in place, you get a good idea about the liquidity of your business as well as keep an eye on the fund flow. You would also need the data while filing tax returns as well as any legal purpose. A professionally maintained accounts statements can also get you better investments as well as loan sanctions.

You will also be able to keep a strict eye on your business by maintaining your books of accounts. You can take business decisions looking at your accounting statements. Almost all startups and SMEs maintain …

Can Bookkeeping Services help Small Scale Businesses?

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Reasons Small Scale Businesses Opt For Bookkeeping Services
Since the main function of Bookkeeping services is to keep records of the finances of business, its incomes and expenses, a business of any size would need to practice bookkeeping. Bookkeepers would help the business owners understand where they stand in terms of finances as well as what they should do in order to increase profitability.

In order to be successful entrepreneurs, it is important to keep a tight reign on the business finances and transactions. One needs to constantly analyse the reports as well as prepare and follow the budgets.

For any business, there are three most important statements, Cash flow statement (which shows the movement of cash and bank balance in the business), Income Statement (which shows the incomes and expenditures of the business) and the Balance Sheet (which shows the assets and liability of the business). If these three statements are prepared and analysed properly, an entrepreneur will be abl…

Business Process Re-engineering in Accounts Outsourcing

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Outsource your bookkeeping services to Rayvat Accounting is similar to business process engineering model where there is a complete shift in the manner of how the business is done.
In Business process Re-engineering, there is a fresh pondering on the present business and how the process has been done of late.
"Business Process Re-engineering (BPR) is basically rethinking and radically redesigning an organization’s existing resources.
BPR is all about redesigning of the workflow and methodology to a more better model which can decrease cost as well as increase in overall efficiency of the business process. The ultimate purpose of reengineering is to optimize the overall performance of business and generate superlative profits for the business. Business Process Re-engineering in Accounts Outsourcing

Moving to Outsourcing model can be beneficial to your business if it has been implemented in planned manner.Are you planning to Outsourcing your books and still thinking of when to start…

Transition of business to outsourcing model

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Once you have decided to outsource your bookkeeping and Accounting the shifting to outsourcing model from traditional model to outsourcing model has to be done in phased manner. This would ensure maximum benefits from outsourcing model.
                                        Transition of business to outsourcing model Transition to outsourcing model is done by specialized transition team who would plan the transition and implement the same in phased manner.

Generally transition takes around 90 to 180 days to complete and achieve all the benefits of Accounts Outsourcing. Here are some of the points which would help in effective transition to outsourcing model:

Communication: To communicate with the End client and knowing the requirements of the client.

Communication before transition:
Rayvat Accounting team shall explain the transition methodology and give the required information to the customers to make them ready for transition. It is more focused on convincing the clients for smooth …

Why Accounts Outsourcing to India?

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There is a recent buzz in F&A sector to outsource their complete Accounts Outsourcing departments to professional Outsourcing Firms.

A Research report of “Global Services 100 Study” states that More than 55 percent of F&A contracts offshore F&A services to India. Of more than 20 leading F&A service providers tracked by Everest, 18 have delivery presence in India with close to 80 delivery centers when taken together. In recent years India has emerged as a buyer geography for F&A.

Total F&A Market in India is $12bn as per research by “Hfs Research group”
There is a $2.6 bn market for engagements having a contract value of less than $25 mn as per the estimate of Hfs Research There is a $7.96 bn market for engagements having a contract value of more than $25 mn as per the estimate of Hfs Research.
F&A Market in India has developed in recent past and there are many developed players in India who compose
of The Accounts Outsourcing Market in India is yet to grow in I…

Outsourcing Accounting for Small Business

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Outsourcing as a business strategy is considered mandatory for any business operation. The concept of accounts outsourcing is generally used for small and large business operations. Account Outsourcing is documented as the tool of effective management.
The question is regarding the need of outsource accounting services can be addressed in following manner. Outsourcing helps the companies to manage the work in well mannered. Instead of hiring the staff for the accounting firm in the company itself, it manage the account section through outsourcing is cheaper.

Companies can get more benefit with less cost. By Account Outsourcing functions for non core business, the organization can give the better client service, create the best product and do its job in well mannered. In this way, Outsourcing of Accounting is proved as life saver because it reduces the risk of creating the problem in accounting department in the company so the chances of income tax red would be less.

It can improve th…

Globalize your Australian Bookkeeping Business With Rayvat Accounting

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Rayvat Accounting specializes in providing the best in class Accounting Outsourcing services, specifically designed for each Australian business. A large business firm or a small one, Rayvat Accounting accommodates services required in regard to Accounting for Australian Businesses of all forms. Since no singular business is same as the other one, similarly no Australian business has the same processing or work methodology as the other one. Rayvat Australian Accounting experts strive to deliver the best of Australian Accounting to our clients with utmost diligence.

Rayvat Accounting has developed a loyal cliental in many cities across Australia with continued growth of adding new Australian Businesses to its list in the past decade. Serving Australian Businesses with its sincere work, Rayvat has been dealing with Australian businesses in Sydney, Brisbane, Melbourne, Perth and many more.

Rayvat Accounting boasts a brigade of highly qualified Chartered Accountants who specialize in Acc…

Redefining XERO Bookkeeping with Rayvat XERO Bookkeeping Experts

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Rayvat XERO Bookkeeping Services: your preferred XERO Partner

XERO is leading Bookkeeping software used by many businesses worldwide and with Rayvat Bookkeeping expert; XERO Bookkeeping has never been so easy. Rayvat XERO Bookkeeping services provides the best in class XERO Bookkeeping services, but don’t take our word for it; Rayvat is a globally XERO Certified Partner. Rayvat XERO Bookkeeping Services comprises of XERO Bookkeeping experts who help the business to understand and implement all aspects of XERO Bookkeeping with ease.

XERO Bookkeeping experts at Rayvat XERO Bookkeeping Services assist you throughout the transition of settling in your business to XERO Bookkeeping and thereafter too. Rayvat XERO Bookkeeping services, a XERO certified partner has been winning the hearts of many business owners throughout the Australian subcontinent and worldwide. Being a XERO certified partner, Rayvat XERO Bookkeeping services stresses towards perfection and every single XERO Bookkeeping expe…