Accounting Methodology for Australia, Explains how Rayvat Accounting does in Virtual Bookkeeping. Outsourcing Accounting to Rayvat Accounting. Explanation of work flow at Rayvat Accounting.
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1. OUTSOURCE Your Accounting WorkOUTSOURCE Your Accounting
Work
2. Outsourcing is the act of transferring some of a companys
recurring internal activities and decision rights to outside
providers, as set forth in a contract. - Maurice F. Greaver II
Strategic Outsourcing BUSINESS PROCESS OUTSOURCING 3. A team of
multifaceted professionals includes Chartered Accountants (CPA)
Accounting Executives Based in Gandhinagar India Aimed at providing
Timely Practical and Extremely affordable outsourcing services WE
ARE 4. Providing Total Outsourcing solutions in the field of
Accounting and Financial Processes Accounting Services Bookkeeping
Services Accounts Payable Accounts Receivable Bank Reconciliation
Fixed Asset Management Payroll Services General Ledger Maintenance
Tax Return Preparation 5. 12% 35% 91% 29% 85% 0% 20% 40% 60% 80%
100% De-risk the business Achieve high productivity Improved
Operational Quality Reduced Costs Focus on Core Activity %
Respondents Source Gartner Top 5 Outsourcing Objectives 6. Source:
Mckinsey & Co. A Mckinsey study shows that when processes are
outsourced to India, companies not only get the advantage of low
cost but also experience improvement in productivity and Quality.
India Advantage 7. Source: McKinsey-Nasscom CostCost 40-60% cost
reduction for off shored process Labour cost arbitrage, the reason
for cost savings, likely to exist for next 20-30 years Faster
turnaround time Time zone difference 24 x 7 service Learning curve
effect Established methodologies and processes for better
performance Well defined quantifiable quality and process matrix
Access to highly qualified skill pool Indias Value Proposition 8.
Benefits of Outsourcing to India English speaking and IT savvy
workforce Cost reduction up to 50% Improving telecom infrastructure
Lower infrastructure costs and high speed data connectivity
Favorable time lag: 12 hours with US & 5 hours with Europe
Overnight turnarounds possible Resources with experience of
financial, legal and Computer systems similar to the west Strong
domestic IT services industry to support IT led BPO 9. Accounts
Outsourcing process 10. Backup file of QB. (At first time entering
the data or at the time when data has been updated from clients
end.) Necessary Business Information Scanned Copies or Soft Copies
of Expense Bills for AP Scanned Copies or Soft Copies of Sale Bills
for AR Scanned Copies or Soft Copies of Bank Statement Counterfoil
of Checks What we require? 11. Updated QB File Balance Sheet Profit
and Loss Account Accounts Receivable Accounts Payable Bank
Reconciliation Statement Cash Flow Statement Other Reports as
required by Client What we Provide ? 12. Security measures are
taken to make sure that the information is protected. Signing
Non-Disclosure Agreement with the Clients and with the Employees.
Ensuring competing companies are not allocated to the same
processor Physical access controls, Controlled security access to
the IT Applications/Security Matrix, exclusive -Logins/Password
expiry policies. What about Security ? 13. DATASTORAGE ACCOUNT
FOLDER LIST OF CLIENTS CLIENT TO BE PROCESSED ERRORS & REVIEWS
COMPLETED ERROR LOG NOTE: Client Information will be provided in
CLIENTS folder. Only concerned Folder and Files are accessible Data
Storage Method 14. Your Work Scanned Documents (As per next Slide)
Necessary Business Information Conversion to Spreadsheet (As per
next Slide) (After thorough verification) Entered in QuickBooks (As
per next Slide) (By qualified Accountants) Final Checking (By
Supervising CA) Your Completed Work Work Flow 15. Bank Of America
Date Particulars Check No. Deposit Withdrawl Balance Remarks
06/01/02 Opening Balance 292.12 06/03/02 Check 3614 300.00 (7.88)
06/03/02 Deposit 2550.00 2542.12 06/04/02 Check 3606 500.00 2042.12
06/04/02 Check 3610 16.21 2025.91 06/05/02 Check 3609 108.49
1917.42 06/05/02 Check 3612 87.00 1830.42 06/05/02 Check 3615 55.00
1775.42 06/05/02 Check 3616 300.00 1475.42 06/06/02 Check 3617
451.47 1023.95 06/06/02 ATM Withdrawl 100.00 923.95 06/07/02 Check
3575 300.00 623.95 06/07/02 Check 3577 100.00 523.95 06/07/02 Check
3621 62.95 461.00 06/07/02 Sprintpcs Custcare 100.00 361.00
06/10/02 Check 3618 125.00 236.00 06/10/02 Check 3619 300.00
(64.00) 06/10/02 Check 3624 69.43 (133.43) 06/10/02 Check 3625 6.04
(139.47) 06/10/02 Check 3626 7.68 (147.15) 06/10/02 Shell No.
574225467 15.27 (162.42) 06/11/02 Check 3622 44.26 (206.68)
Spreadsheet 16. QuickBooks Pro 17. Sample Bank Statement Sample
Bills 18. Sample Bills Sample Bank Statement 19. Rayvat Accounting
is a professionally managed Finance and Accounts Outsourcing
Company based in India. We provide Finance and Accounts Outsourcing
Services for organizations in various sectors. Rayvat Accounting
has full fledged infrastructure having office space of 34000 square
feet The infrastructure has a capacity of accommodating 1200 people
in a single shift. Who We Are 20. Team leader at Rayvat Accounting.
Rushabh Shah: - He is a chartered Accountant with 7 years of
experience. - Had worked with Deloitte Haskins & Sells in Audit
Department in Mumbai, India. - Had worked with Torrent Power
Limited a prestigious power company of India Expertise: - Rich
Knowledge of Accounting and Auditing. - Worked in Audit of
Companies like Grasim Industries Limited, Nestle (India) Limited
and many other small scale companies. - Expertise in working on
Intuit Quick books. 21. COMMUNICATION ADDRESS: Plot No : 10,
G.I.D.C Electronic Park IT/ITES SEZ Kolwada Road, Gandhinagar-
382026, Gujarat, India. CONTACTS: Rushabh Shah India +91 9712381843
USA +1-(516) 515-1675 WEBSITE: www.rayvataccounting.com Email:
[email protected] Rayvat Accounting.
