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Getting the Right Solution to Your Business Needs

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Maintaining accurate financial transactions in a streamlined and organized way is essential for the smooth and efficient fu nctioning of the business. It reduces risk, optimizes utilization of the resource, as well as maximizes profit. Accounting plays a pivotal role in business, tracking income and expenditure, complying with statutory regulations. It also provides crucial information to investors, management, government bodies to take prudent and judicious business decisions. There are three primary financial statements from where vital information is derived: ·          The income statement provides the necessary information about the profit and loss of the organization. ·          The Balance Sheet gives a clear outlook of the financial position of the business of a particular financial year. ·          The cash flow statement acts as a bridge between the income statement and Balance sheet, furnishing details of cash generated and spending during a financial year.
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How an Account Sourcing has Improved Productivity?

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Maximizing productivity is the need of the hour, thanks to technological advancements, customer expectations, and globalization. Productivity can loosely be defined as output delivered by an organization, in the form of goods or services, by utilizing input which includes labor, materials, machines, and capital. However, in today's times, productivity has transcended this mere ratio and has come to imply working smarter. The following are some of the key areas to be considered when it comes to improving efficiency in any company: a. Choosing the right equipment can go a long way in minimizing the risk of costly errors and improving the way a business operates. Before purchasing any equipment, one should ensure that he/she is thoroughly familiar with the immediate as well as long-term needs of the business. b. Use of technology: web-based technologies are the order of the day. Be it spreadsheets or off-the-shelf software solutions, production management tools can increase ma
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WHY OUTSOURCING ACCOUNTING SERVICES FOR YOUR COMPANY IS A GOOD IDEA

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If you own a business of your own or are at the helm of running a company, keeping the finances in order is one of your key responsibilities. While many companies prefer to have in-house accountants to take care of their financial matters, financial outsourcing services in Mumbai and other major metropolitan cities of India is becoming an increasingly popular option. Before you find your ideal fit for dealing with the money matters of your concern, let us first see the types of financial services that your company might need: Ø   Planning and Forec asting: This lets you understand the market trends in your area of business, realize the current financial standing of your company and make prudent decisions for future operations. Ø   Accounting: This aspect is responsible for charting the financial transactions and producing financial statements. Not only is it beneficial for maintaining tax compliance but it also helps in maintaining transparency and clarity for the own
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Location: Mumbai, Maharashtra, India
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How to choose the right outsourcing company for you

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Outsourcing is the process of hiring service providers from outside of the organization. It provides efficiency to the company in various ways. Finance firms usually outsource accounting services to cut down on expenses, look after the productivity of the organization, etc. Surfing through the internet and scrolling through it, one can find thousands of blogs on accounting and finance . Many people are looking for financial outsourcing services in Mumbai but not enough people are aware of the steps that need to be followed in choosing it. So, we have made a list of all the points that one needs to remember before they stick with what they think is the best accounting outsourcing service in Mumbai . 1)       Modus Operandi: Before you decide to stick with an outsourcing service, it is advisable to first run a background check on the organization. Look after how they carry out the accounting tasks and how prepared they are as complexities will arise at some point and it is ne
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Location: Wagle Estate, Shree Nagar, Thane West, Thane, Maharashtra 400604, India
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Things to consider before you outsource your financial & Accounting to an Agency

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Finance and accounting are the two important pillars of business. These two aspects are key to survival strategy of any business in a competitive landscape. On the basic level finance and accounting mean different but they are interlinked to each other. Accounting is about management of daily cash transaction in a company whereas finance is broader term. Finance refers to the large-scale management of business capital, assets and liabilities. It also means to chalk out the future money tactics to enhance growth. The roles of finance management and accounting are very important to manage overall business process and channelize capital investment in the proper path to get greater returns on investment (ROI).  Bookkeeping service provider   in Mumbai  city help to maintain company’s ledger book that serves as a ready reckoner for calculating profit earned, the amount of capital required and calculating tax returns on annual company turnover. Every business owner will vouch t
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