Laabdhi

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 fo...

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...

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 owne...

Your Accountant On demand Any Business is incomplete without its financial accountant as a financial accountant performs complete financial functions related to the collection, accuracy, recording, analysis, and presentation of a company's financial operations. Also, Financial Accountant gives the management the information regarding the financial position of the business, such as; profit and loss, cost and earnings, liabilities and assets, taxation etc. So we cannot imagine a business without a Financial Accountant. But if the in-house financial accountant decides to quit the job, the ultimate poor results are suffered by the company. To overcome this Problem “Laabdhi – Outsource India Services Pvt Ltd” has come up with the most efficient services know as Laabdhi Shared Accounting Service (Laabdhi SAS) Why Laabdhi Shared Accounting Services? Today world is moving from fixed to shared as competition and service agility is increasing globally. So fro...

Evolution Is The Future of Finance. It is best to simplify, standardize, and centralize your financial accounting services. Keeping this as a priority Laabdhi SAS has come up with Laabdhi Shared Accounting Services, the most effective solution on all the financial accounting problems. It enables you and your team to work smarter, scale faster, and create greater value for your organization. If in case, still, anyone finds difficulty in understanding services than free consultation is provided by the well-known Experts. Be it a start-up or any business Laabdhi SAS offers many benefits.  The Key five Benefits of using Laabdhi SAS are: 1.     Cost Effective: Laabdhi SAS target cost and productivity improvements within a financial process. The complete financial processing & financial accounting work in any office is done by the financial accounting department but If outsource Laabdhi SAS than in-house financial accountant can focus more on fin...

This case study emphasis on a problem faced by Mr. Rohan Agarwal who started his business 5 years ago into trading but later started facing issues into financial accounting in spite of having a small team for the same. So, he started looking into financial accounting and other accounting concerns personally but because of this he was unable to give his attention to his actual business in terms of operations and looking for new and better prospects for his business. Initially while setting up a financial accounting department he took one by one task in hand. 1.     He built a chart of accounts 2.     Decided on accounting policies and methods. 3.     Developed accounting manual and accounting procedures. 4.     Selected accounting software. 5.     Determined the no of employees needed. 6.     Trained the staff 7.     Planned for tax To set up all task, obvio...