Monday, 12 December 2016

Enhance your small scale business with XERO Bookkeeping Services

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 a XERO Bookkeeping Services expert, 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 Services

Rayvat Accounting was a Xero 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 they are already working on some other software, we help migrate to XERO in a way that no data is missed and we train the employees on using the software.
Small scale business owners are extremely busy as they are basically running a tight ship. So, then you choose to work with XERO Bookkeeping expert like Rayvat Accounting, we help you choose the package as per your need. We ensure that the entire process would be affordable as well as much less time consuming.
So why should you opt for XERO? Some of the features that you get are: It is cloud based software. So you can access your books of accounts from anywhere in the world. It also offers mobile invoices so that you can not only send invoices but also reminders for chasing overdue invoices as well.
Choose wisely; choose the accounting system custom made for you. Choose XERO. So for all your XERO Bookkeeping needs, Contacts US XERO Bookkeeping expert services today!

Monday, 5 December 2016

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.

Tuesday, 22 November 2016

How hiring an outsourcing partner would help you with your superannuation

Understanding Superannuation

It 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 the Superannuation 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 in Superannuation 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. So along with this being an asset, it would also help secure the future of Australian citizens. The investments made in these funds are reinvested in property, equity, mutual funds, bonds, infrastructure and much more, which has fueled the overall economic growth of the nation. Usually this process of reinvestments is done within a regulated legal framework wherein the people, who are appointed as the trustees of the firm, act on their behalf and manage their investments keeping their best interests in mind.
As we have highlighted the impact that the superannuation fund has on the economy as well as on the future of millions of Australians’ retirement, choosing which Superannuation to invest in should be a strategic decision.
Here is where Rayvat Accounting comes into picture. Our team researches the pros and the cons of various superannuation firms, essentially help you compare superannuation funds and provides you with the list of best possible funds that you can invest in. We even provide detailed comparison for the funds so that you know exactly what you are getting into before you actually invest your hard earned money. There are multiple ways through which you can invest in this funds, investing in the best one that suits your need, would help you maximum during your retirement. We are here to assist you in order for you to have a profitable future.

There are various types of Superannuation in Australia, some of which are:

  • MySuper account
  • Industry super funds
  • Retail Super funds
  • Corporate or Employer Superfunds
  • Public Sector Funds
  • Self Managed Super Funds.
When you compare these superannuation funds and then finally decide to invest in any of them, Rayvat Accounting with help you figure out the various strategies in order to gain the maximum advantage. Some of the strategies that we focus on when we work with Superannuation in Australia are Super Fund Pre mix investment strategies, Specialized or special super funds and Direct Shares Superannuation. When you work with us, we will guide you, by looking at the type of risk you are willing to make as well as your preferences so that you make the most profitable decision.

Wednesday, 26 October 2016

Importance of hiring an online accountant for new business

Accounting is an extremely important aspect of any business. Once decision of Hire an accountant would 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 like Rayvat Accounting would help you navigate these rules and explain them.

Things you get when you choose to work with an accountant online

When you choose 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 while choosing an accountant, but it is something worth exploring.
Whenever you make the decision of hiring an online accountant, immediately the scope of choice of accountants increase. A simple google search would show you the innumerable options you have. There is a chance that even when you work with a local accountant, the trust factor is missing. If this happens, you would have to repeat the entire thing again  till you find someone trustworthy. But, when you hire an accountant online, you know that you already have tonnes of online options. You can connect with various agencies and conduct virtual meetings on skype or connect with them via calls, whatsapp or messengers. Having your accountant at your call would definitely reduce stress, and increase trustworthiness.
Rayvat Accountants are one such online accounting services. The firm has been in business for a decade and has amassed a wealth of experience. When you work with Rayvat you get professional services at affordable costs, all you need to do is Contact Us with your requirements and we will handle the rest!

Friday, 21 October 2016

Major aspects of small business accounting professionals

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 to hire a virtual accounting services firm like 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.
The Cash flow statement would 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 you can compare it with your previous performance. The worth of your business would be showcased by the balance sheet. All your assets and liabilities are noted in this statement. The assets means your inventories, cash, receivables, ets, while the liabilities would mean debts, loans as well as payables.
Now you know why opting to work with Virtual accounting services would help you understand your business. While a business owner who has been educated in the field of commerce, can do the whole thing yourself. But, it could take up a huge chunk of your time. So, either ways, hiring an outsourcing partner would be the best decision you could take. When you opt to work with Rayvat Accounting, you would get the best quality services that is catered just for you, at the prices that would be just right for you.

Does outsourcing virtual accounting services really impact your growth?

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 firms

One 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 a virtual 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 you with strategizing and figuring out different ways of achieving your goal.
When small scale business owners decide to do the accounts themselves, it just brings in a lot of pressure, especially during the time it is taken to file tax returns. Even during the day to day business, it helps to look at the current position of the business before taking any decision. Which is why it would be beneficial to hire firms like Rayvat Accounting.
Along with that, technology has seeped in everywhere. One of the most interesting and useful thing that Virtual accounting services providers provide to the clients is cloud technology. So no matter where in the world you are, Rayvat Accounting would be able to offer up to date services any time.
The Accounts outsourcing would even look at the inventory and overheads and assist you in any way to make the process even more smooth. And as your business grows, the accounting solutions partner would scale up the services in accordance to your need. So, you only end up paying for the services that you actually utilize at a particular time. This service comes in handy especially for the people who run small and middle sized business. Simply because the services offered by Rayvat are affordable and qualitative at the same time.

Sunday, 24 July 2016

A MYOB Accounting Software can handle your Accounts

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, essential documents and reports are prepared as required.

 The MYOB accounting expert at Rayvat takes care to follow all rules and regulations with respect to bookkeeping and accounts preparation for Australian clients.

 Therefore, for any MYOB bookkeeping Australia requirements, Contact Us Rayvat and you would not be disappointed.

Thursday, 21 July 2016

Tips to effective Bookkeeping for Small Business

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 outsourcing partner for managing Outsource bookkeeping services would not only reduce your costs, but maintain a smooth cash flow in your business.

Bookkeeping services for small business also includes reports on bills payable and receivable. This would help you keep a track on the amount of money that you would receive or you would need to pay in near future. Keeping a steady eye on this report would help you manage your workflow in a much more better way.

We At Rayvat Accounting provide Affordable Bookkeeping services. Join hands with us, Feel free to Contact Us for more details.

Wednesday, 20 July 2016

Gain best packages to manage your Bookkeeping with Xero

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 lot of investment as well as increase in overheads. So moving to an outsourcing firm that offers affordable Bookkeeping with XERO services much more sensible decision.

Also, when you outsource your work on software like Xero, you can access your data in realtime, so you can get any information that you want within seconds. On the whole this was a welcome change as the small scale owners now had a lot of free time to focus on their core businesses as well as get easier and faster access to numbers.

Firms looking to get Xero bookkeeping services must find experts that provide the services. Rayvat Accounting is one of the companies that provide Xero Bookkeeping Services to clients from all over the world.

Tuesday, 19 July 2016

Supporting your business with accounts outsourcing companies

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, back office for accounts, tax filing, financial reporting and analysis, and much more. The teams that work on these accounts are well versed with the accounting standards and regulations of all countries, so even when you are sending your accounts to another country, the final output would be in line with the statutory and auditing laws of your country. Along with this, Account outsourcing to India also means decreased investment on your part.

Looking at all this, do consider Accounts outsourcing companies and free up the time to focus on your core competencies.

We At Rayvat Accounting provide Accounting Services For Small business. Join hands with us, Feel free to Contact Us for more details.

Sunday, 17 July 2016

Choosing the Best Company for Accounts Outsourcing Australia

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 knowledge and understanding of your business. It should know what your plans and expectations regarding Outsourcing accounting services are and how they are conducted by other companies in the industry.

Rayvat accounting has been handling the accounting business since many years and has been offering unmatched Accounting outsourcing services. Being a proficiently well known and reputed firm, it has been able to get the best results for its clients. Therefore, choose Rayvat accounting to Accounts outsourcing australia and get the benefits of high quality services.

Tuesday, 12 July 2016

When to approach on accounting outsourcing company?

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 working for you.

When you Outsourcing Accounting Services, you get the following advantages:
Impeccable books of accounts and financial statements
Cash flow statements
Infrastructure, manpower and expertise without the overheads and maintenance
Improved focus on the core competencies
Focus on long term value creation
Asset Conversions
As the firm is relying on experts, there is minimum risk involved
No Capital investments
Manageable overheads by using outside talent and resources
Better service offering
Technology enhancement
Affordable costing

The competition for any firm in any industry increases day by day. In this scenario, the firm needs to offer the best quality products at competitive rates. This could be done by utilizing Accounting outsourcing in the best possible manner.

Monday, 11 July 2016

Focus on your business in Australia with Shoeboxed xero integration

 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 customers. All this takes up a huge chunk of your time, hardly leaving time for accounting and financing.

Which is why when you work with firms like Rayvat Accounting, you get the added advantage of having your accounting done on Shoeboxed xero integration, at almost no efforts and affordable costs.

We At Rayvat Accounting provide Import shoeboxed to xero. Join hands with us, Feel free to Contact Us for more details.

Thursday, 7 July 2016

Tips for Australian firms to save money by accounts outsourcing

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 measures to keep themselves updated with the various accounting methodologies in order to offer intelligent as well as cost effective Accounting services.

Some of the services that you can expect from your accounting service partner is BAS reporting, preparation of books of accounts in a way that would be accepted by the authorities of your country, payroll processing and management, as well as creating reports and analysing your finances and advise you on the best decisions that you can take when it comes to business decisions.

We At Rayvat Accounting provide Professional Accounting service. Join hands with us, Feel free to Contact Us for more details.

Best Practices of Accounting for Small Business

 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 best for your business, you are really just miss utilising your resources.This could be the other way round also. If you choose to hand write your Accounting for small business, and your accountant needs more complex reports and data, he/she would have to spend extra time creating those reports, thus increasing their efforts. So, a software should be purchased after thorough consultation and training of the person who would be using it.
Normally for small scale businesses, credit is tight, so it is important for your business to invest in an Accounting software that would provide proper financial control and up to date cash flow statements.
Traditionally accounting for small business was done on handwritten paper, while this would not be feasible for large business houses, many Small business accounting still conduct their businesses this way. The issue with this is that while it would be the most cost effective, it would be very time consuming. Also now most government agencies insist of having returns and tax forms filed electronically, so firms would have to then input all these data online anyways. Nowadays the cost of accounting softwares is also not that much. So it would be beneficial for the firm in order to invest in one.
So basically, as a small business owner, you have a choice between choosing from handwritten accounts, using spreadsheets or to invest in an accounting software. All these have their own different sets of financial control and time consumptions. For the firms where the proprietor has no employees, and a limited number of transactions, it would be best if he/she opted for a handwritten accounting method. A few more employes and better transactions he/she could shift to spreadsheets. As the firm grows they can opt for softwares that would help them in accounting for small businesses. There are various softwares that can be used. Have a word with your service provider.
A leading outsourcing provider, Rayvat Accounting , works on accounting softwares like Xero, Netsuite, Quick book- Online, Quickbooks- Desktop, Zoho, Unleashed, Myob, Sage 50, whatever the client needs, he gets.
If we look at accounting for small business, it is very important to have the right person do it. Since there are so few resources that are available for a Small scale accounting business, accounting reports help the proprietors make the right business decisions.

Monday, 4 July 2016

Get maximum out of your Accounting Outsourcing Company

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. Check if their services are in line with your requirements. Look at their portfolio and see if they have worked previously in your line of business.
Accounts outsourcing saves a lot of time that you can use towards developing your business. It is even cost effective. Instead of hiring one person to do all the mundane jobs, you now have experts working with you, getting you not only your books of accounts, but also helping you analyse the trends and making business decisions that would be truly beneficial to you in long run.

Sunday, 3 July 2016

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

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 easy to use, it becomes a time taking task to master all of it’s features, the easiest and the fastest thing to do in this scenario is to hire an outsourcing provider who would offer Quickbooks bookkeeping services. This would be all the more useful if you do not have a commerce background. The service provider would not only help you maintain the accounting books, they would also get you the financial statements that are imperative to make good business decisions.

Advantages of QuickBooks softwear

• Anywhere access online from your PC, Mac or mobile
• You’ll spend less time on your accounts
• Simpler than paper or spreadsheets
• All your records will be in one place
• Takes care of everyday tasks with no fuss
• Tracks every sale and all your expenses
• Save time on your accounts

The main advantages of Outsourcing quickbooks bookkeeping is that instead of spending hours mastering each and every nuance of the software, you can focus on your business. Also, since the Accounts outsourcing provider would be in the business of providing these services since years, they would also be able to guide you with the financial business decisions that might be difficult for a startup.

Some quickbooks bookkeeping services providers also offer training to you and your employees in order for you to view the financial reports that they send and how to interpret these reports, thus helping to increase your managerial talent levels.

Monday, 27 June 2016

Accounts Outsourcing For Your Small Business

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 their accounts in the forms of ledgers. These ledgers tells how much incomes and expenditures are done by the firm. Since the scale of business is comparatively low, almost all major analysis can be carried out when three statements are prepared properly: the cash flow statement, the p&l statement and the balance sheet.

Now if you have studied commerce maintaining these books would be easy for you. But, for others hiring an outsourcing partner would be your best bet. When you do so you not only get help maintain accounts, you can also take their expert advice for Financial business decision.

Sunday, 26 June 2016

Can Bookkeeping Services help Small Scale Businesses?

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 able to take the best financial decisions for his/her business. And this is more important for small scale business owners than the more established businesses.

We offer end to end business solution which includes but is not limited to

Records segregation and maintenance,

Accounting software transition services,

Data entry into excel sheets,

Bookkeeping and Journal entries,

Accounts Finalization,

Business reporting – Monthly or annual reporting,

Accounts receivable management,

Accounts payable management,

Customer support management,

BAS lodgement,

Taxation services.

So, when a small scale business owner hires a Outsourcing bookkeeping service, he/she can be said to have received help from experienced professional in order to get guidance as to how to grow their business.

Thursday, 23 June 2016

Business Process Re-engineering in Accounts Outsourcing

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 on Outsourcing model?

Well we recommend to move on to Outsourcing with start of new financial year. This would have a benefit of easy and smooth transition to outsourcing carrying with a switch in the work methodology.

However we recommend early transition which would give us time to settle the process and make it worthy for you.

Call us to know more how we can redesign your Accounts outsourcing and help you to excel in your business.

Tuesday, 21 June 2016

Transition of business to outsourcing model

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 transition to new systems and process. It effectively communicates need for change.

Post transition Communication:
Post transition communication seeks to get input/feedback from the client and devise the strategies to help the client to smoothly adopt the new system.

A checklist should be developed to help in conducting client service interviews. The findings of client service interview would be well documented in order to ensure that we completely understand the client requirements and cater them according to their needs.

Additional Service Benefits Explaining the client of the additional services Rayvat Accounting shall provide in addition to the services which the customer used to get previously. For e.g., Additional reports which we can generate for the clients which can be used by client to have a better decision about his business.

Training: Proper training would be given to the end client to help the client to get accustom to the outsourcing methodology.

Service Level Agreements: Rayvat Accounting would sign a Service Level Agreement with the end client to ensure that the roles and responsibility of the client and Rayvat Accounting are well defined. It seeks to have all the client expectations in Service Level Agreements.

Take Over: The team would take over the work from the staff of previous accountant in phased manner and handle it over to the Indian Transition team.

Feedback: Constant feedback would be taken from the client to ensure that the client is satisfied with the services.

Ticket raising and Support: Transition team can raise a ticket and support question for the team in United States on behalf of the client.

Quality Control: The information provided to the client would be routed through the transition team in united states providing a two way review of the information sent to the client.

Audit: They shall perform a regular check the ledgers to ensure that the accounts are error free.

You can view more about our outsourcing methodology.We at Rayvat Accounting Specialize in Accounting and Bookkeeping leveraging on cost difference between India and developed countries like Australia and United States.

Wednesday, 15 June 2016

Why Accounts Outsourcing to India?

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 India due to developing confidence in India.

As per a report India is the most preferred destination for FAO Outsourcing.

The main reasons for development of FAO markets in India are :
  • Labour Arbitrage due to difference in cost of the people having same skillset.
  • Availability of Skilled workforce in India and shortage of same in developed nations.
  • Availability of English speaking work force in India Shift of organizational processes from manual to technology oriented.
  • Availability of infrastructure, technology and high speed connectivity in developing nations.
  • Implementation of Information technology laws in developing countries which prevent data misuse. Information Technology Act, 2000 in India helps in protecting the data in virtual environment.
  • Time lag between eastern and western countries helps in updating data in almost half a day’s time. It helps in completing work in time deadline. For eg. Audit work or Deloitte US is transferred back and forth between Deloitte US and India helping in getting work done in tight deadlines.
  • Reporting norms levelised at global level. (For eg. Emergence of IFRS and XBRL standards).

We at Rayvat Accounting Specialize in Accounting and Bookkeeping leveraging on cost difference between India and developed countries like Australia and United States.

Monday, 13 June 2016

Outsourcing Accounting for Small Business

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 the quality of the work in the business. The burden on the accounting firm decreases so that they can manage their work in peak season. Firm can create the long lasting sustainable business. Accounting records are handled by authorized persons who help in accountability of the same.

There are many key benefits the Accounts outsourcing has and it is mentioned as below:

1 The focus on the core business can increase
2 The customers can get more satisfaction by the service
3 The speed would be increased
4 In the lower rates, the organization can get latest and best technology in accounting
5 Grow the business by beating the competition in the market

In Rayvat Account outsourcing, we provide you the accountant with full time duty as well as customized solutions. By connecting Rayvat outsourcing accounting, you can definitely get more and more benefits and it held you to reach your company at higher peak.

In the conclusion we can say that Prevention is always better than cure so to avoid the risk creating in accounting firm, the company should hire the outsourcing accounting service.

Thursday, 9 June 2016

Globalize your Australian Bookkeeping Business With Rayvat Accounting

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 Accounting for Australian Businesses. We provide our services not only to Australian Businesses, but also stock brokers, lawyers, bookkeepers, tax agents and to financial planning firms also.

Rayvat Accounting satisfies all the requirements of all kinds of Australian Businesses. The wide range of Taxation, financial and accounting services provided by RAYVAT Accounting for Australian Businesses are as follows –
  • Rayvat Accounting provides SMSF (Self Managed Superannuation Fund) Accounting with the assistance of SMSF trained accountants. All the SMSF Accounting for the Australian Businesses is conducted by software packages such as BGL Simplefund, Class Super, Handi Super and other optimized tools. We also provide SMSF Audits created by Auditors who specialize in SMSF Auditing for Australian Businesses.
  • Rayvat Accounting excels in all entry types of Accounting and tax returns for all Australian Businesses, may it be Individuals, Partnerships, Companies or Trusts. All the complicated number crunching and data entry is based on popular accounting softwares such as Handisoft, Software Assistant, MYOB AE Accounts and many others.
  • Rayvat Accounting specializes in providing Bookkeeping services to Australian Businesses by using highly acknowledged softwares such as XERO and SAASU.
  • Providing the Australian Businesses with complete cloud accounting solutions is what Rayvat Accounting is all about. We provide organized online based reports of online taxation and accounting through XERO, SAASU and QuickBooks online.

Rayvat Accounting provides Australian Businesses an opportunity to outsource their expensive and time consuming accounting and Bookkeeping tasks, and focus on their business completely.

To know more about how Rayvat Accounting can transform your business, contact our Support team today.

Friday, 3 June 2016

Redefining XERO Bookkeeping with Rayvat XERO Bookkeeping Experts

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 expert at Rayvat XERO Bookkeeping services is provided the required training to deal with the financial accounts of businesses.

With the help of XERO Bookkeeping software’s innovative cloud XERO Bookkeeping services, Xero Bookkeeping experts are able to provide businesses complete up to date details of their financial accounts on the go. From any part of the world at any given time, business owners can access their financial accounts with the help of XERO certified partner, Rayvat XERO Bookkeeping services. Although many businesses tend to avoid cloud bookkeeping services due to the risk of data infringement, Rayvat XERO Bookkeeping services takes certain high security measures to ensure that the client’s private financial accounts are safe in the hands of XERO Bookkeeping experts.
  • Rayvat XERO certified partner ensures an iron dome secure transition of the client’s old accounts into the XERO Bookkeeping software.
  • The XERO Bookkeeping expert at XERO certified partner Rayvat are regularly screened and are under contract to maintain anonymity regarding the financial accounts of all our XERO Bookkeeping clients.
  • The client financial data is stored on secure remote servers using XERO Bookkeeping to ensure no theft of data occurs.

Not only does XERO certified partner Rayvat provide the best XERO bookkeeping experts services, we also assist our clients throughout the XERO Bookkeeping process. Rayvat XERO Bookkeeping experts also assist in providing the businesses with on hand training of the XERO Bookkeeping software. Every business is uniquely different from the other; hence Rayvat XERO Bookkeeping experts aim towards the provision of a personalized user experience while handling the financial accounts.

Rayvat XERO Bookkeeping services a proud XERO certified partner that has established a strong and loyal base of cliental in XERO Bookkeeping all over the world, and continues to do so. So for all your XERO Bookkeeping needs, Contacts XERO Bookkeeping expert services today!