Payroll Outsourcing Company - Relieve Your Business From Payroll Processing Deadlines

Author: Pete Miguel

A payroll outsourcing company relieves your business of the tasks of processing payroll, issuing checks, withholding tax and benefit deductions, tax filing, or retirement services. It manages for you your payroll functions with great accuracy, such that you would almost always no receive any complaint with tax laws and regulations. In some cases, payroll outsourcing providers could even provide complete HR services, managing the entire HR department for you.

General payroll tasks include:

- Preparation and delivery of payroll

- Reporting of payroll

- Calculate of FICA, FUTA, SUTA, Federal and State withholding

- Filing of payroll taxes

- Audits

- Updating of employee files

- W-2, W-3 and 1099 forms

- Reporting of 941 and 940

- Garnishments

- Assumption of liabilities and responsibility for payroll taxes, reporting and audits

What exactly should you look for in your payroll outsourcing company?

- Flexibility and customization-optimum mix of services for your payroll should be met, allowing employees to have an unlimited number of pay rates, job distributions, automatic payments, deductions, and taxes, payments in multiple banks. Payroll outsourcing company system should allow payments made by employees to be delineated by financial institution, flat percentage, or repeating payment amount.

- Integration-payroll system must be able to integrate with your business' current accounting software, not the other way round.

- 401(k) Administration-system of payroll processing company system should allow the employee's contribution, employer matching contribution, profit sharing, and other fund sources to be distributed independently to different chosen funds.

- Time-off Benefit Management-payroll system should allow an unlimited number of time-off benefit plans for each employee.

- Reporting-payroll outsourcing company should follow the reporting system specified by the company.

About the Author:
Do you want to learn how to effectively get your own virtual personal assistant for your business or work? Visit my site now and let your business be fully taken cared of, while you sit back, relax, and watch your profits grow. http://www.OnAssist.com

Pete Miguel is an online entrepreneur and has been involved to helping other people in achieving their goals towards career advancement.

Article Source: Ezinearticles

How To Generate Pro Forma Financial Statements For A Company

Author: Wade Anderson

Pro forma financial statements are a process of formally displaying financial projections for a given period of time and in a consistent layout. The word pro forma is derived from the Latin term which means "as a matter of form". Most businesses make use of pro forma financial statements in the executive process for planning and control as well as for reportage to owners, investors, and creditors. A pro forma financial statement is utilized as the foundation stone while comparing and analyzing information in order to give a feel to the management, investment analysts, and credit officers about the nature of the business' fiscal organization under different conditions. The American Institute of Certified Public Accountants (AICPA) and the Securities and Exchange Commission (SEC) both ask that standard formats be used when presenting or forming these types of statements.

For those who are interested in getting started in a business, the preparation of pro forma statements, both for income and for cash flow, is essential before investing any money, time and energy into the venture. Being an essential part of the planning process, these financial statements help reduce to the barest minimum, any risks associated with the start-up and operation of a business. It may be the basis of convincing lenders and investors to provide capital for a new business venture.

Pro forma financial statements must be reliable and accurate and should help those studying it to draw a true and accurate picture of the start-up firm. It should be based upon purposeful and dependable information that will go a long way in creating a true and concise projection of the expected profits of the business as well as its financial requirements in the first year of operation and after. Once the business has taken flight and the initial statements have been prepared, these should be regularly updated, both monthly as well as annually.

Most companies use pro forma statements for business planning and control. These pro forma financial statements are obtainable in homogeneous and columnar lay-outs and are used by management to evaluate and distinguish between other alternative business strategies. By judiciously presenting information concerning financial and operating statements adjacent to one another, the management is thus able to analyze the projected results of the various contending strategies and arrive at the best path and the most suitable plan of action.

While forming pro forma financial statements, companies should realize that these statements should be unique and each proposed plan or project has its own distinct features that should be accurately captured therein. The prime usage of these statements is for management to:

1. Recognize the assumptions that cause the financial and operating characteristics to produce different company scenarios 2. Build on the different sales and budget (income and expenses) projections 3. Bring together the results in the form of profit and loss projections 4. Transform such data into cash-flow projections 5. Evaluate the resultant balance sheets 6. Execute ratio analysis and compare projections against one another as well as against those of comparable companies 7. Examine proposed decisions regarding marketing, production, research and development and make an assessment about their impact on profit as well as on the liquidity of the company through simulation of competing plans, useful gains are obtained with regard to the evaluation of financial effects of each alternative plan.

With different sets of assumptions providing different scenarios regarding sales, production costs, effectiveness and practicality, projected financial statements for each such scenario holds enough information to indicate the future prospects, inclusive of sales and earnings forecasts, cash flows, balance sheets, projected capitalization, and income statements.

Company management also uses the these financials to choose from different budget alternatives. The planner will provide sales revenue, production expenses, balance sheet and cash flow statements for different contending plans and will explain the essential assumptions of each. Having analyzed this data, the management will then select the annual budget. Having chosen the action plan, all that remains to be done is to explore and find deviations in the plan and rectify them.

About the Author:
Wade Anderson is a CPA and operates DigitalWorkTools.com Legal Forms and Business Documents. Click to view Pro Forma Financial Statements

Article Source: Articlesbase

Accounts Payable Outsourcing: Things You Need To Check Out

Author: Michelle Barkley

Every individual running a business wants to be free of the burden of paying money which they owe to anyone as soon as possible. Accounts payable literally means the money which a business owes to sellers for products and services which have been bought from them on credit. If not paid in time accounts payable can pile up and spell trouble for any business. If you are finding it difficult to keep a track of the amount of your accounts payable, then get accounts payable outsourcing service from an outsourcing company. This is the perfect way to deal with this condition.

When you are running a business, keeping track and managing of things like accounts payable, can become very demanding and hectic. Nonetheless this is an important aspect of any business process and has to done and done in time. Accounts payable outsourcing services are offered by many companies which deal with finance and accounting outsourcing.

The best way for searching a firm providing accounts payable outsourcing services is through the internet. The internet is a storehouse of information, and all you will have to do go online and search for information. The numerous options which you will find in the internet can confuse you. Take some time out from your busy schedule and do a proper research about the companies offer accounts payable outsourcing to clients. I am sure you want the best services for your business. Get an in depth analysis of the services offered by the firm before you actually decide to take up services from the company.

Make sure to check the security arrangements the company has in place for its clients. See for yourself and find out if the security measures are adequate to protect customers personal identify and financial data. Online security in this internet age is vital and you must never compromise on this aspect. Make checks and cross checks about the security arrangements of the firm providing accounts payable outsourcing, before you actually outsource your work to the outsourcing company.

Accounts payable outsourcing has many advantages. One of the main advantages is that you can save huge amounts of revenue through the outsourcing work. Work is outsourced mostly to developing countries where there is abundance of manpower and labor is cheap. This automatically means that your accounts payable outsourcing work will be handled by trained professionals at a very cheap rate. The revenue which you will save in this manner is the profit for your business.

There are some outsourcing companies which offer free trails for prospective clients. You can check out such companies and get some of your work done under the free trail offer. See for yourself the type of work done, the amount of money charged and then decide if the company is capable of handling your accounts payable outsourcing work or not. If you are not satisfied with one company, there are plenty of others for you to choose from.

Accounts payable must always be handled properly and every account must be in place for you to make payments timely. Piling up accounts payable will only put you under a huge amount of strain. Accounts payable outsourcing is a simple way for you to keep all your accounts in good shape. Go ahead, rest easy and earn revenue for your business by accounts payable outsourcing.

About the Author:
Michelle Barkley is a CPA working for IFRworld. She specializes in accounting outsourcing, bookkeeping outsourcing tax returns preparation outsourcing and, Accounts Payable Outsourcing. to know more and to use the services visit www.ifrworld.com

Article Source: Articledashboard

Bookkeeping Outsourcing – Cost Efficient and Time Saving Service

Author: Michelle Barkley

Managing the accounting of a company is a tedious job and need expert services. There is no scope of errors as even a single error in bookkeeping can prove to be havoc in reflecting the success of an organization. Hence, dedicated and responsible bookkeeping experts are a necessity for every firm, no matter large or small. Not only finding suitable employees for bookkeeping a difficult task but also the soaring salaries demanded by them are unaffordable for many companies. Hence, bookkeeping outsourcing is the best way out from this problem.

These hired professionals take up the responsibility of maintaining an error-free record of the accounting transactions of your firm. This involves a lot of patience, time and accurate calculation. All the purchase and sale transactions of the company along with profit and loss account and balance sheet are prepared by bookkeeping professionals. So, you are free from the worry of all bookkeeping and accounting tasks and can easily concentrate on your area of expertise. Hence, you can contribute in the development and production of the products or services offered by the firm.

Investing in bookkeeping outsourcing is more of saving money for a business organization than spending it. This is because the firm saves a lot of money that otherwise have to be paid to individuals hired for bookkeeping. Also, they need not invest money on the maintenance of the accounting department and the infrastructure or benefits required for accounting employees. Only a total subsidized amount is paid to the bookkeeping outsourcing firms for their services.

The experienced professionals at these outsourcing firms provide you an accurate data. They save a lot of your time that you might have spent in finding the errors in the accounting books and correcting it. They also help in the decision making of the firm as to how much money should be spent on which expenses and where extra money is spent by the firm that can be saved. So, services offered by bookkeeping outsourcing firms ultimately prove to be very profitable for business organizations on the whole as they ensure optimum utilization of resources.

However, while selecting a bookkeeping outsourcing firm for your business, make sure that its employees are experienced in the field and can easily handle the complicated accounting or bookkeeping problems. You may ask for references from any of your friends or family members who have already availed the outsourcing services of any good bookkeeping firm. The services offered by well-established firm are unparallel and satisfy you in very possible way for all your bookkeeping queries, whenever you wish. Some of these firms also make use of bookkeeping software that makes compilation of records even easier for bookkeeping professionals.

To select a good bookkeeping outsourcing firm that provides you accurate accounting records and charge less involves some research. Internet is the best platform to find such an efficient firm. So, what are you waiting for? Just start clicking and find the bookkeeping firm that best suits your requirements.

About the Author:
Michelle Barkley is a CPA who advises people on tax preparation and tax calculation. She specializes in Bookkeeping outsourcing, accounting outsourcing, back office outsourcing. To know more about Accounting outsourcing Service visit www.ifrworld.com

Article Source: Articlesbase

Benefits of Online Accounting and Bookkeeping

Author: Amit Kothiyaal

Accounting and bookkeeping are some of the most delicate and time-consuming jobs. It really gets difficult to maintain books and accounts along with handling and managing overall office or business. But with the advent of Internet technology, accounting and bookkeeping has been radically easier and low-costing. Presently, there are several online accounting and bookkeeping services queued up to take care of your accounts and books. You must be thinking how online accounting services can be better or beneficial from traditional accounting services? Keep on reading to know the benefits of online accounting and bookkeeping:

• Less Expenditure: This is the foremost advantage of availing an online accounting and bookkeeping services. Online accounting cost you half of the traditional accounting/bookkeeping services.
• Speedy Work: Thanks to internet, you can get your things done swiftly. This saves your precious time and energy.
• Fewer Requirements: For availing online accounting services you don't need a huge investment. You can begin with a PC with internet access.
• End-To-End Services: The best thing about online accounting and bookkeeping is that you don't need to compromise at any place for any thing. That means you receive full-full-fledged online tax preparations, monitoring facility, print report, financial statements and many other things.
• Hire a dedicated Accountant: You can hire online a dedicated accountant who will specially take care of your business permanently. This will save your cost spent on in-house accountant.
• Communication Facility: Most of the online bookkeeping and accounting services provide their clients with 24 hours voice or text communication facility

About the Author:
Know more about Online Accounting and Online Bookkeeping services at Ferrarabusiness.com, a leading name for online outsourced accounting, tax preparation and bookkeeping services widely known name for its credible and quality work.

Article Source: Ezinearticles

Why to Outsource Accounts Payable Services?

Author: Outsource India

In a nutshell Accounts Payable Service is a very broad term to attempt to define. The most famous character in the plot though is an invoice. Any invoice generated and delivered for a product sold or a service provided becomes a part of the buyers or the customers accounts, which is payable.

The services’ related to the management of these accounts is termed as Accounts Payable Services. Accounts payable is a from of credit that a buyer enjoys as he only has to pay once he has received the product or utilized the services provided by the seller. A seller usually has payment terms mentioned in the invoice, which could vary from zero to 30 days or more as per the negotiations between the buyer and the seller.

An Example
Let us consider a spare parts manufacturing firm Tech-Spares Ltd., supplying spares to an automobile manufacturer BestCar Ltd. Let us assume, 30 days is the terms of payment negotiated between Tech-Spares and BestCar. 30 days from the date of invoice is the period BestCar enjoys credit for the amount in that invoice for which it has already received the goods.

Let us consider another example of a Mobile Phone Service company OneConnect. OneConnect provides mobile connectivity services to its customers for which it bills it customer on a monthly basis. The invoice generated by OneConnect to its customers will have a statement date (date the statement was generated) and a due date (date the amount on the invoice is due).

The day the customer receives the invoice, it becomes his accounts payable and from that day till the due date is the number of days the customer enjoys credit for services he has already used.

Advantages of outsourcing to India
There are various advantages India provides as an outsourcing destination:

English is one of the well-spoken languages amongst the educated Indians.

The cost of hiring an Indian accounts payable representative maybe anywhere between 7 to 15 dollars a day. The same representative in a developed market might cost the organization more than 5 times the amount considering remarkably higher minimum wages and even higher administrative costs.

Setting up businesses in India have become easier post 1991 reforms, which saw India opening up its market to foreign trade and investments and since then India has become a economic powerhouse that the world keeps and eye on.

Moving accounts payable operations to India gets the off shoring company familiar with the Indian territory and business practices and may be the first step to moving other key areas of their businesses to India.

Companies can explore other business opportunities, as India grows at a break-neck speed year on year and proves to be one of the largest markets in the world with a very high appetite for consumption.

About the Author:
Outsource2india provides Outsourcing Services and Solutions, Accounts Payable Services, Financial Services, Insurance Services, Bookkeeping Services, Business and Knowledge Process Outsourcing, Data Management services, Call Center Services, Healthcare Services, Engineering Services, Software Services, Digital Image Editing Services, Research & Analysis Services, Creative Services, Web Analytics Services, etc.

Article Source: Articlesbase

Outsourced Accounting Services Adds To Your Profits

Author: Amitaabh K. Saboo

Top quality accounting services – this is something every enterprise needs. We make it possible for you, because we offer outsourced accounting service that will manage to satisfy you completely. Bookkeeping will now be much easier because our experts will always be available in case you have questions to ask or you need clarifications. All you have to do is to let us log in and do your work. Thirty five percent of the largest American businesses already use outsourced accounting services. Now we offer the same specialized bookkeeping services to small to medium companies who need to work with accounting experts.

Our accounting service is as reliable and efficient as all our clients say. You should try it too and see that your books will become more accurate and easier to handle. No matter how small or large your business is, you now have an alternative - outsourced bookkeeping that uses advanced technology to help your company grow and become more profitable.

To be competitive you need to take care of your customers. Bookkeeping could keep you busy and might create some problems. Therefore, we offer to provide you with accounting services. Let us do your work, a kind of work that would allow you to keep in touch with your clients. Outsourced accounting also gives you the possibility to focus on your core business and to watch closely the whole process while reliable specialists complete all the accounting-related procedures.

Because we understand your need of security, we use only the best of encrypted technology. This way all your data will be completely safe when using our accounting service. The security of your information is our highest priority. Moreover, an accountant will access your data only if you agree. Our secure technology will offer secure protection to your private financial information.

Conventional accounting services cannot provide this type of convenience. To make you comfortable with the security that we offer to you, we will sign a confidentiality agreement. Your information will be safe because we never print out any data provided to us. In this manner, the display of unlocked information will not be available on just any desktop, which means your private information is completely secure.

The whole process is very simple and saves you a lot of time. All you have to do is to send us the documents after scanning them, or you can simply fax them to our dedicated toll-free fax numbers. We will update the books using online accounting software, then you can log in and see al the updated books anytime you need, 24/7. In this manner, you do not have to depend on your employee, who may not be available any time of the day. You have the possibility to access the accounting service we offer for an economical cost and we offer a one week trial, giving you the possibility to see how it works before you pay for it.

About the Author:
You can find out more about the prices and accounting services we offer on our website. You will find information about how much you can save when you use our accounting service.

Article Source: Articledashboard

Ease your work stress with accurate bookkeeping help

Author: Alvis Brazma

Bookkeeping is a wearisome task of maintaining huge records of all financial statements and transactions of an organization. The prospects of success and failure of any company mainly depends on the work ability of the bookkeeping staff. This task requires the quality of accuracy and expertise to accomplish it in the most appropriate way. Only an expert with deep knowledge and sincere effort can carry out all the aspects of accounting in a profitable manner. Through perfect bookkeeping help you can solve all your accounting or bookkeeping problems. The accountants have intelligent expertise in the arena of accountancy and therefore are considered as the most suitable source of help that can make your accounting aspect more simple and favorable.

Proper bookkeeping is very important to maintain the consistent growth rate of the company. As a matter of fact, it is the bookkeeping department that discloses the actual status of the organization in the market. With genuine bookkeeping help, you not only avail a good resource for the functioning of your statistical data but it also gives you valuable advice for better execution of your finances whenever required. There are two forms of seeking bookkeeping help. One is manual and the other is computerized. Mainly small companies with less workforce and low number of transactions take the assistance of manual accountancy. On the other hand, big organizations with huge data, information transfer mostly opt for the computerized bookkeeping.

However, now more and more companies are dealing with computerized bookkeeping due to its innumerable convenient services. Even small scale and medium sized business organization are now selecting computerized bookkeeping. They make use of several software and other technical devices for quicker response and better efficiency. Their work ideology is also more enhanced in comparison to the manual bookkeepers because they get meticulous assistance from the application of new devices and modern advancements. All such softwares are purposely designed in such a way that an accountant can easily operate them. Storing huge catalogs of transactions and data is also no more a worry with the introduction of these software techniques. Therefore, with computerized bookkeeping help, you have a better exposure and a more convenient methodology of work.

The concept of outsourcing services have all the more made bookkeeping services a frequently used option. In today's competitive business market every company is seeking bookkeeping help from several outsourcing firms. It not only offers the business houses a more proficient work mechanism but also reduces the total expense of the company, as not you have to pay just a fixed amount to the firm rather than paying salary and other allowances to the in- house professionals working under your bookkeeping staff. A cheaper way is to recruit a freelancer, who can fulfill all your financial deal and requirements on a contractual basis. Through these available services, you can also take out a lot of time in focusing on other important sectors of your organization that demands equal attention. So do not waste more time and hire your desired bookkeeping service provider for a relaxed work environment.

About the Author:
Alvis Brazma gives advice to business owners about how to manage their business efficiently without any hassles. To know more about Accounting help, accounting outsourcing,small business accounting,Bookkeeping help and visit this leading internet source: www.impacctusa.com

Article Source: Articleclick

Online Bookkeeping Services - Factors to Consider While Choosing Your Bookkeeping Provider

Author: Amitaabh Saboo

Looking for the best online bookkeeping services could be searching for a pin inside a heap of haystack. Though there are several companies that are offering them, only a few can be considered as the most ideal.

As a business owner, you should always keep in mind that you deserve nothing less-even if you're just a small one. Your bookkeeping team can be your ticket to success or can bring you down to complete bankruptcy. If you are not sure how to scrutinize the different online bookkeeping services that you see, you can take note of the following:

1. They should be qualified to do the job. In general, it's only you who can judge whether a company is capable enough or not. Nevertheless, there are also what you can call as general qualifications. For example, the online bookkeeping services should be performed by individuals who only don't have the knowledge but also the experience. They necessarily don't have to be an accounting degree holder, but they must understand the different mechanics in business, especially when it comes to financial transactions.

2. They have the right technology in place. To save you time and money, you can select those online bookkeeping services that already have their own program and software. It's a big plus for the company since these programs will allow them to give their customers more comprehensive report and services. Moreover, when they do have them, you are assured that they also know how to work around these software and programs. In other words, whether you're talking about infrastructure and the bookkeeping process, you can rely on your team.

3. They should provide you with enough support. Support does not only concern about your pressing financial problems. Most of all, besides the online bookkeeping services, the company must also give you superior customer support. They must have a hotline that you can call anytime of the day. There should be someone who can take in your queries and answer disputes and grievances immediately. This is how you know that you're properly taken care of as a client.

4. They must have a great portfolio to back them up. Relying on the online bookkeeping services that you can see in their websites and ads will never be enough. The best way to see if they are truly fit to do the job is to look for their portfolio. It could contain a list of their bookkeeping capabilities as well as companies and individuals that they have provided services to. Don't be afraid to ask for references and take time to call them up for verification.

5. They should be very easy to reach. Communication is one of the basic foundations of a successful business. That's important too for people who are offering online bookkeeping services. Your team must be easy to talk to, particularly if these are matters about financial reports and transactions. For example, they should have at least 24-hour response time to your questions. Their online bookkeeping services should include availability for web conferences, when you need to talk about important matters to them.

About the Author:

Online Bookkeeping Services improves financial operations as well as increases the level of efficiency, adaptability and ability to wok with the market conditions while at the same time curtailing risks and costs. There are many reliable Online Bookkeeping Service providers that cater to small and medium businesses worldwide.

Article Source: Articlesbase