Friday, 20 April 2018

Tips to Choose the Online Bookkeeping Services for Business Owners

Handing your bookkeeping and accounting work to somebody outside your organization can be extremely upsetting. Yet, in the event that you've been going back and forth about outsourcing your business bookkeeping with an internet accounting administration, this is the ideal opportunity to take the jump. 

Bookkeeping and Accounting for small business owners


Utilizing a Online Bookkeeping Services organization can free up significant time and assets with the goal that your organization can develop and succeed considerably more. In case you're prepared to make the following stride towards procuring an online administration to do your organization's accounting, here are 5 hints to enable you to pick the best one.

5 Tips to Choose your Online Bookkeeping services


Comprehend what you require:- Numerous web based accounting organizations offer accounting/bookkeeping, account software management, audit and tax preparation, payroll, and strategic planning Search out an organization who can give you precisely what you need, regardless of whether that incorporates a strength in one specific area.

Think about the location:- If it’s all the same to you never meeting your clerks, scan for cost and incentive over area. You may feel more good gathering bookkeeping specialists face to face and having the capacity to stop by the organization's physical office at whatever point you please.

Check the software and technology:- As you take a gander at various organizations, get some information about the technology and programming that they utilize. The purpose of a Online Accounting Services is to make your life simpler. In the event that your organization approaches further developed innovation and more exhaustive bookkeeping programming than an accounting organization has, they're most likely not ideal for you.

Check security measures:- Ask the web based accounting administrations what safety efforts they have set up for securing your data. See whether and how you'll have the capacity to get to specific data and what they will do on account of a security rupture.

Research and explore:- Once you've limited your conceivable applicants, do some exploration. Inquire as to whether they know much about the organization, and take a gander at some online audits. 

Kindly contact us for more details and specific quote. 

Monday, 16 April 2018

The Pros and Cons of Outsourced Accounting Services

About Outsourced Accounting Used by a Client

For a few organizations, this implies an in-house bookkeeper or bookkeeping division, contingent upon the organization estimate. For others, it implies finding a qualified accounting services company to which it can outsource its budgetary record administration. Does your business outsourced accounting services needs? Have you pondered it? Regardless of whether you’re going back and forth or completely settled, it’s great to have a strong comprehension of what outsourcing implies.
Outsourced accounting, bookkeeping, and controller administrations have turned into a more typical answer for private companies today. Why? The focal points, which used to be just delighted in by mid-market and undertaking organizations, are getting to be comprehended by littler organizations.
For the organizations who outsource their books, the choice means sparing time and cash, gaining admittance to brilliant accounting administrations and, from numerous points of view, limiting the dangers normally included with depending on in-house staff. Does outsourced Accounting Services well for you? 

Here are some reasons for the outsourced accounting services

Pros
More financial savings in terms of cost :- Contracting an outsourced bookkeeping is frequently less expensive and more savvy than enlisting in-house staff to deal with the fund work. By outsourcing, you don’t have overhead costs like PTO, medical coverage, retirement, excursion, Workers’ Comp, and debilitated days. Likewise, it is beneficial for small organisations to save cost.
Saving your time through a proactive approach:- To be in a higher position if you turned out poorly business to be a prepared budgetary expert managing the books. You need to maintain your business so this is the reason having a virtual bookkeeping services has the upside of productivity which helps save your time.
More control over your cash flow and quality services so as to reduce frauds:- Extortion is a grievous outcome in numerous little to medium-sized organizations with one individual in charge of bookkeeping. A committed group with particular skill in bookkeeping best practices will be significantly more inclined to recognize an inconsistency than one individual who’s likely overburdened and over-burden with work.
Cons
HIDDEN COSTS:- With any paid administration, scope crawl can happen where one undertaking winds up snowballing into numerous, and it can bring about extra costs you weren’t at first mindful of (or overlooked). Make certain to make your month-to-month relationship clear, and desires set toward the starting so it limits the shot of this occurrence.
Less Control:- Despite the fact that the vast majority of the specialist organizations will prepare their staff as indicated by your necessities, there is dependably the likelihood that something won’t be done the way you arranged it. 
You can opt for our trial run to get an idea about the good quality work that we do. kindly Contact Us our support team.


Monday, 2 April 2018

How To Guide: USA Based Bookkeeping Essentials For Beginners

A strong USA Based Bookkeeping helps companies keep accurate records for a range of purposes. These include analyzing business activities, seeking finance, attracting investors, lodging and paying tax.
RAYVATACCOUNTING is a name that has always been trusted, by both USA based bookkeeping companies, when it comes to outsourcing services like Virtual Bookkeeping Services, Payroll or Tax services. And one of the reasons for this trust placed upon us is that we are constantly aware of the latest trends and changes in U.s Accounting Systems the market situation. When the world is racing ahead at breakneck speed, it becomes redundant to hold on to earlier methods of bookkeeping, even if the organisation is small.

Rules For USA Based Bookkeeping

Each country has their own set of accounting rules that go a long way in determining the way the outsourced bookkeepers and accountants will function. For instance, the U.S. Securities and Exchange Commission (SEC) follow GAAP (“generally accepted accounting principles”). GAAP is a set of accounting principles, detailed rules and standards and generally accepted practices used by the accountants throughout to prepare transaction lists; financial statements, such as balance sheets, income statements and cash flow statements.
These principles are followed while making a note of financial data; day to day transactions. These do not allow a company to withhold any financial information from the investors and company stakeholders.
Then outsourcing accounting firms in the Unites States, understanding GAAP becomes of prime importance as these principles determine the rules of accounting and recording financial data. Companies therefore seek accounting and bookkeeping officials who are expert in GAAP to avoid any negative outcomes. Companies like Enron have been suffering negative consequences as a result of their attempt to create an illusion of financial stability.

Two Authoritative Bodies that Determine the Ways the Accountants in the States have to Function are:

1. FASB (Financial Accounting Standards Board): It is the most important body in the private sector responsible for keeping the accountants up to date with the latest GAAP guidelines.
2SEC (the federal Securities and Exchange Commission): SEC draws authority from federal securities laws and exercises power over companies whose shares are publicly traded.
Thus accountants and bookkeeper in USA need to keep up with the guidelines of these bodies, in their respective public and private sectors.
In order to set up one’s own bookkeeping system, it becomes necessary to be well versed with the principles of the region that go into shaping the accounts and bookkeeping industry there. Therefore in the United States, GAAP becomes the set of those principles and FASB and SEC become the impostors of the same.
feel free to Contact us for the initial consultation today!

Wednesday, 28 March 2018

Ways To Learn Receivables Management Effectively

RAYVATACCOUNTING understands that for a business to maintain a strong and resourceful inflow of funds, intelligent Accounts Receivable Management Services is crucial for your business. accounts receivables management is an important aspect which enables our clients to effortlessly control every account with a regular follow up on extensive reporting on the activity of the account and outstanding invoices.
Accounts receivable management enables the business in making quick transaction when it comes to pending invoices and payments. RAYVATACCOUNTING provides the best of receivables management to boost your business, since a steady cash flow is the heart of any business. Rayvat Accounting offers businesses in the USA as well as the UK to completely or partially outsource their accounts receivables functions to turn it into a much smoother and faster process.

Benefits of Accounts Receivables Management to Rayvat Accounting

  • Rayvat’s intelligent receivables management helps you Billing preparations and mailing once approved by your customer.
  • Recording your accounting and forming reports for revenue.
  • Rayvat accounts receivables management assists in registering receivable transactions into the system.
  • Support in preparation and delivering receivables accounts statements periodically.
  • Issuing refund checks and credit memos once approved by the customer.
  • It helps the business to maintain a subsidiary ledger over the receivables.
  • Rayvat intelligent receivables management carries out process adjustments when approved by customer.
  • Resolving short pays and applying cash received to customer accounts.
  • Rayvat accounts receivables management prepares account reports of the receivables.
  • It also manages the deductions of the receivables (AR deduction management).
Rayvat Accounting has a vast and experience in virtual bookkeeping services with expertise in project management and functionalities which makes it your best companion when it comes to accounts receivables management. We strive to provide our clients the best value for their money and time invested by implementing the best practices and developing a robust system to handle all accounts receivable management.
Rayvat Accounting provides best virtual bookkeepers use the best class software’s such as Xero, QuickBooks, MYOB, Wave and Sage to provide intelligent Bookkeeping solutions to get that extra edge in today’s financial market, every business needs a steady Cash Flow to grow and prosper. RAYVATACCOUNTING your business with the accounts receivable management solutions to do just that.
Kindly contact us at accounts@rayvat.com for more details and specific quote.

Tuesday, 20 March 2018

Being a start in your Industry is a Matter of Outsource Accounting and Financial Services

The department in any corporation or personal business that is answerable for the daily management of funds and cash of the corporate we will discuss the Accounting and Financial Services. This department is all known as the heart of the organization because it is accountable for however the company’s cash is spent, and if the funds of the corporate don’t seem to be managed properly, the business would merely fail. The department deals with daily payment of transaction billing, taxes, and other finance related matter at an awfully high volume on a usual.
Therefore, the existence and also the strength of this department are extremely vital. With the extraordinary competition within the market, corporations would like sensible management of funds and techniques to succeed. Also, companies are looking for strategies to reduce costs and increase productivity of their companies, due to this the companies willing to Online Accounting Services. Few facts have given rise to appearance of Finance Service Agencies.

Few advantages of Accounting and Financial Services

By RAYVATACCOUNTING to outdoor agencies, companies are able to give more focus on their productivity since the agency manages the company’s finance.
Companies are able to reduce the burden of work and keep focus on greater quality of work.
Off-shoring monetary services, taxation, back workplace transactions process and allied operations of your company won’t solely build these processes trouble free however additionally prevents valuable money. Utilize the experience of a financial services company and which will help your business to achieve good financial results.
On an ultimate note is a well-known destination for Outsource Accounting and Financial Services in the world take benefits of it and join hands with RAYVAT Outsourcing Accounting Company which provides the professional services of Outsource Accounting and Financial Services to the clients since many years.
For More Information Outsourcing Accounting Firms

Wednesday, 14 March 2018

How To Find an Accountant for Create A Successful Business

Accounting plays a vital role in the survival of a business. If you are running a small business, you might be able to manage it. Even accounting works seem to be easy. But, to focus or concentrate on core areas of business, you have an option of Find an Accountant. It is not the only the benefit of appointing an accounting but also there are so many other benefits of Hire an Accountant.

Benefits of Find an Accountant

Even if you are good at managing your business, you may feel the gap if an Accountant is not appointed. The following are the benefits of hiring an accountant:
  • If you are managing the accounts of your business without an accountant, you will miss many tax benefits while calculating the profit. Whereas, personal tax accountants near me knows each and every section of Income Tax Act and can utilize that knowledge to gain tax benefits.
  • Virtual Accountant can make reliable financial forecasts than you make about your business and also he can provide you with more reliable online accounting services of your business.
  • A normal business person handling his own business may not know the loopholes in the law which will benefit the company but find an accountant can do it easily.

Where Can You Find an Accountant for a Small Business Resources?

You can Find an Accountant from an Accounting outsourcing companies as they provide the most efficient services. Also, you can Find an Accountant whom you know personally. You can also get referrals from other business people as well.
WHAT TO KEEP IN MIND?
While you are deciding to Hiring an accountant, keep the following points in mind:
  • Hiring an accountant who will meet your business’s specific needs.
  • Make sure you know your bottom line i.e., about your cash inflows and outflows of business.
  • An experienced accountant can push up the profit of your business greatly. So, looking for an experienced accountant maximum.
It is evident that a good accountant can make your work easier and enables you to focus on important matters concerning business. Since the position of accountant is important and it influences the business largely, take your own time and hire a person who is trustworthy.
So, get Contact Us the most for your business Today.

Monday, 26 February 2018

Running an Efficient Business by Accounting on Xero

Accounting on Xero is the means by which businesses can stay updated in the fast-moving world of technology. Gone are the days where traditional desktop accounting software. Stop searching for any free online accounting software or any free business accounting software, instead switch over to Xero.

Xero is online accounting software which is easy to use for various purposes. Before looking into the advantages of doing accounting on Xero and values which we can gain from Xero bookkeeping services, lets us look into some of the features of xero product:
  • Accept payments
  • Asset management
  • Adviser tools
  • Bank connections
  • Bank reconciliation
  • Business performance dashboard
  • Contacts and smart-lists
  • Dashboard
  • Expense claims
  • Files
  • Inventory
  • Invoicing
  • Multi-currency accounting
  • Pay bills
  • Purchase orders
  • Pay runs
  • Projects
  • Quotes
  • Reporting
  • Sales tax
  • Search
Awards and Recognition:
To name a few awards with which Xero was crowned recently are
  • In 2015 – Best accounting software in the Cloudswave Awards.
  • In 2014 – Named as one of Macworld’s recommended online business accounting apps   

Benefits of doing Online Accounting on Xero:

  1. Flexibility to access, operate and run business finances from anywhere, anytime using any internet connected devices like computer, laptop, tablet or phone.
  2. Getting daily updates on real-time cash position from our bank accounts and credit cards.
  3. Doing business by collaborating with the advisor, bookkeeper, accountant and team and granting access to staffs so that they can do their part of the job.
  4. Generating and sending invoices along with the online payments, quick reminders for invoices.
Besides all these, we can also set tight control access to the information like:
  • Extra security at login
  • Controlling who sees what
  • Information always remains private
  • Get feeds from the sources which we can trust like banks, financial institutions etc
  • Tracking all the activities of who does what
  • Assurance dashboard
Xero is a software that has been created keeping in minds the needs and the requirements of the small scale business owners. you need to find the best Xero bookkeepers and you require Accounting on Xero, Rayvat bookkeepers would be able to handle that as well. All you need to do is set up a meeting and let the client relationship manager know about your needs and you will have a service offering set exactly as per your needs at the most affordable costs.
We at RAYVATACCOUNTING have expertise working on Xero Accounting Services. Rayvat Accounting is a firm that would assist you in providing high-quality Outsourced Bookkeeping Services within your budget.
So, get Contact Us the most for your business, outsource your Xero bookkeeping today.