Have you ever wanted to buy good accounting software or have you experienced error prone software. Companies that handle large amount of accounts prefer good accounting software. Finding of good accounting software is a difficult task. The cost of maintaining manual accounts of the company can be eliminated by good accounting software. Are you looking for best account automated software? Your search ends here. With good accounting software you can increase the productivity of the company manifold.  

Accounting Software by stellar has been designed keeping in view the necessities of companies, financial institution, agencies or any other business institution. Accounting software is useful for small, medium and large scale business. With good accounting software you can do the inventory, accounts or any other financial transaction of the company very easily. Owing to very simple, easy to use, error free, outperforming capabilities, flexible in nature, software by Stellar has gained immense popularity in business world. The software with powerful features and capabilities maintain the complete transactions of the company and management of the company can access any real time information without any delay. Once you install accounting software, you do not need to look for any other software because it has abandoned capacity to handle any difficult accounting transactions. 

 Accounting software by stellar is an affordable solution to any difficult accounting problems. Most of the accounting software’s have something in common. But accounting software by stellar has an edge over others for many reasons. That’s why even reluctant people buying to any software have purchased our software. Our customers are enjoying the benefits of our best quality software. Accounting software provides incredible solutions to any accounting problem. The advent of software by stellar has forced the competitors to decrease their market prices and has led to too much benefits to its customers. This is possible because of constrained efforts done by software expert Team of Stellar. Accounting software by Stellar has outperformed their opponents.

 There are number of accounting software companies in the market, but no one has courage to challenge the quality, flexibility, performance of our software. It is very simple and users with little knowledge of computers can use it very easily. Those who have bad experience with any accounting software will find wonderful software here. Those who zeal to buy our software can submit their query to our website http://www.stac.in/enquiryform.htm Once you will buy, you will be free from any sort of tension for maintaining account manually. Accounting software by stellar is a blend of inventory, accounting or any other accounting problem to small, medium or large business organizations. With this invention, the days of manual accounting or any accounting problem are over. This software has distinct modules that are available at very cheaper rates. Even very small businessmen can afford to buy this software. This software is available in every technology. Ever since the complexity in business has increased the demand for accounting software has increased. Today, almost every financial institution or any other business house is looking for best accounting software. Accounting software is a friend in your business. Accounting software is a best accounting technique which is used by every business house in this world. So, always beware of buying any other accounting software. Don’t be mislead by false claims of their owners. Always choose accounting software by Stellar.

All accountants know several terms that create basis for any accounting system. Such terms are T-account, debit and credit, and double-entry accounting system. Of course, these terms are studied by accounting students all over the world. However, any business person, whether an investment banker or a small business owner, will benefit from knowing them as well. They are easy to grasp and will be helpful in most business situations. Let us take a closer look at these accounting terms.

T-Account

Accounting records about events and transactions are recorded in accounts. An account is an individual record of increases and decreases in a specific asset, liability, or owner’s equity item. Look at accounts as a place for recording numbers related to a certain item or class of transactions. Examples of accounts may be Cash, Accounts Receivable, Fixed Assets, Accounts Payable, Accrued Payroll, Sales, Rent Expenses and so on.

An account consists of three parts:

- title of the account

- left side (known as debit)

- right side (known as credit)

Because the alignment of these parts of an account resembles the letter T, it is referred to as a T account. You could draw T accounts on a piece of paper and use it to maintain your accounting records. However, nowadays, instead of having to draw T accounts, accountants use accounting software (i.e., QuickBooks, Microsoft Accounting, Peachtree, JD Edwards, Oracle, and SAP, among others).

Debit, Credit and Account Balance

In account, the term debit means left side, and credit means right side. These are abbreviated as Dr for debit and Cr for credit. Debit and credit indicate on which side of a T account numbers will be recorded.

An account balance is the difference between the debit and credit amounts. For some types of accounts debit means an increase in the account balance, while for others debit means a decrease in the account balance. See below for a list of accounts and what a debit to such account means:

Asset – Increase
Contra Assets – Decrease
Liability – Decrease
Equity – Decrease
Contribution Capital – Decrease
Revenue – Decrease
Expenses – Increase
Distributions – Increase

Credits to the above account types will mean an opposite result.

Double-entry Accounting System

A double-entry accounting system requires that any amount entered into the accounting records is shown at least on two different accounts. For example, when a customer pays cash for your product, an account would show the cash received in the Cash account (as a debit) and in the Sales account (as a credit). All debit amounts equal all credit amounts provided the double-entry accounting was properly followed.

Having a double-entry accounting system has benefits over regular, one-sided systems. One of such benefits is that the double-entry system helps identify recording errors. As I mentioned, if one amount is entered only once in error, then debits and credits won’t balance and the accountant will know that one or more entries were not posted fully. Note, however, that this check will help spot errors, but will not identify all cases of errors. For example, equal debits and credits will not identify an error when an amount was posted twice, but was posted to wrong accounts. Keep this in mind when analyzing causes of errors in accounting records.

A pinch of parsley, some flakes of dried persimmon, a dash of Darrowspike. What makes the perfect World of Warcraft Account? A level of 70, multiple high-leveled professions, fully-equipped gear? Rare items, a high amount of arena points, all the raid/dungeon keys?

What about the cream of the crop Final Fantasy XI Accounts? Thousands of conquest points, six high-leveled subjobs, multiple crystals? Sixty missions completed, high quality full gear, the ability to summon five or so avatars?

Like “beauty,” the perfect FFXI Accounts and WOW Accounts are entirely in the eye of the beholder. One player’s WOW Account with a Collar of Command rare item might not be so impressive to a player who wants a WOW Account with the Conquerer’s Band. An ffxi account with a level 75 Paladin Hume might not be the best ffxi account for a player partial to Paladin Elvaans.

What if, like fine wine, your tastes change over time? What if you spend hours, even months, even years, building a WOW Account for wow characters that include a Rogue Human only to decide you’d rather have had a Rogue Troll? What if your ffxi account’s Paladin Tarutaru would have been more fun to play as a Paladin Hume?

You can keep your FFXI Accounts and WOW Accounts and add to your Final Fantasy XI and World of Warcraft experience with new accounts that come completely leveled-up and full of rare items. Buy WOW Accounts or FFXI Accounts through a reputable buying, trading, and selling wow accounts and FFXI Accounts service and you can keep all the hard work you’ve put into your Rogue Human or Paladin Tarutaru and go straight to high-leveled quests with your new Rogue Troll and Paladin Hume, too! Skip over all those boring hours of leveling up and get back into the game right at the level you’re used to (or at an even higher level)!

You don’t have to buy entire WOW Accounts and FFXI Accounts, either—you can buy rare and high leveled items! It sure beats spending hours trying to get the timing of special quests, events, or monster appearances just right—only to fail and have all that effort wasted for nothing!

If you’re good at leveling up your WOW Accounts and FFXI Accounts and you don’t mind parting with them (you can always start over!), consider selling wow accounts or FFXI Accounts for real cold, hard cash. Buying, trading, and selling wow accounts and FFXI Accounts services will pay you real money for selling wow accounts or FFXI Accounts and items!

Remember back in kindergarten? What was one of the most fun things to do around lunchtime? Swap parts of your lunches to create your own ideal meal! Well, if you don’t want to outright buy WOW Accounts or FFXI Accounts, why not trade your accounts to liven things up? You can trade rare or high-leveled items or you can trade entire WOW Accounts or FFXI Accounts to see if the grass really is greener on the other side! Upgrade to a better WOW Account or ffxi account and use your current WOW Account of ffxi account as credit towards the transaction. Or downgrade for the fun of building up the wow characters or ffxi account further yourself and line your pockets with a little extra cash!

Just as everyone’s taste in food is different, there’s no such thing as the single most perfect WOW Account or ffxi account. It all depends on you! Buying, trading, and selling wow accounts and FFXI Accounts and items can either be the way to get your perfect WOW Account and ffxi account at last—or it can be the key to some spare cash!

Hong Kong is considered as one of the main financial centers in Asia. With more than 100 licensed banks, Hong Kong offers several finance related services to customers in Hong Kong as well as in Asia Pacific region. You can avail service such as corporate banking, retail banking, investment services and trade financing from each and every bank in Hong Kong. Some of the leading banks around the world including Canadian banks have their representatives here. Based on the feasibility and credit risk of the individual company, most of the banks in Hong Kong provide extended banking facilities. If you are foreigner, you can consult with your existing banker to confirm whether they have a division here. It is also recommended to ask the details of the services they offer.

Nowadays, it is a simple process to open a new account with any of the banks in Hong Kong. To start a new corporate account, the first step is to register your company. If it is already registered, you can open the account with required documents such as company registration certificate attached with related registration regulation forms, certificate of incorporation, memorandum of association and articles of association, identity proof of all the directors and copy of board resolution indicating the approval of board of directors to start a new account.

For bank account opening, the company must be registered in Hong Kong. The authority of Hong Kong do not allow all types of company structures to register, only certain company structures are allowed. Three types of companies are allowed to register including a wholly foreign owned enterprise, joint venture and representative office. You can open an account based on the company structure.

A representative office is limited to open only foreign currency and RMB expense accounts while wholly foreign owned enterprise and joint venture can open certain bank accounts, including basic accounts, capital accounts and ordinary accounts. You can not open a basic account and ordinary account in the same bank.

Type of accounts:

1. RMB Corporate Accounts

This type of account includes basic account, regular account, special account and temporary account.

You can use a basic account for the purpose of fund transfers, payment of salaries, and cash deposits and withdrawals. Regular accounts are for cash management needs and you can not withdraw cash from this account. For special purposes including infrastructure construction, reconstruction, agency business, credit cards, you can go for a special account. If you are planning to start a temporary business in Hong Kong, it is better to go with a temporary account. You can receive inward electronic and draft remittances through this account.

2. Foreign currency accounts:

These types of account include capital account, basic account or settlement account, loan account and loan repayment account.

A capital account is for capital injection and you can do foreign currency operating transactions through settlement accounts. A loan account is for borrowing foreign currency from a bank in Hong Kong. For loan principal and interest repayment, you can use the service of a loan repayment account. The approval of State Administration of Foreign Exchange (SAFE) is needed to open a Foreign currency capital account and settlement account.

You can use bank accounts in Hong Kong outside this metropolis through the following ways.

i)Phone Banking Service/Internet Banking Service

Banks in Hong Kong such as HSBC and SCB provide this facility. You can use this service via internet for making balance enquires and cash transactions. HSBC offers an exception from monthly fee of HK$80, if your account maintains an average monthly balance of HK$50,000. In the case of SCB, it offers an exception from monthly fee of HK$150, if your account maintains an average daily balance of HK$50,000.

ii)ATM Card

You can use ATM cards to withdraw money from the bank account. Specific ATM machines are there to use named “Plus” for HSBC and “Cirrus” for SCB. There will be a charge for this service, if you are making the transaction outside Hong Kong.

Since accounting is all about perfect handing of financial transactions, every business needs to give special treatment to its accounting section. However, most of the businesses try to handle their accounting tasks through their available accounting staff but in cases where this staff is not sufficient enough to tackle this tedious task, help from an accounting outsourcing service provider can be taken. At present, most of the businesses are outsourcing their accounting functions to achieve the desired profit level, as this external help not only saves their time but also allows them to perform other relevant tasks on time. It is quite true that accounting is considered as the most tedious task, as it demands a lot of time and concentration of the concerned person, as slight mistake in any transaction can cause major blemishes in final accounting records. Although, business owners put every possible effort to make their accounting records perfect, but since cash in any organization flows in various directions and sections, tracking cash flow on regular basis becomes quite hard-hitting task for the accountant. On the contrary, taking help from an outsider firm relieves the business owner from this worry and provides him or her with ready to use accounting details.

Accounting records portrays the financial condition of any business; hence it is required to pay special attention to accounting and bookkeeping tasks. Business owners, who cannot make it possible through limited accounting staff, can get great help with accounting outsourcing. Blemishes in accounting records can affect the position of the business, as all decisions are taken only after analyzing accounting and other financial details. Accounting outsourcing helps businesses in crushing such accounting flaws and developing precise and updated accounting records, so that the business owner may better concentrate on his or her core business functions.

Accounting outsourcing is all about perfect management of accounting details and data that are used for making crucial decisions and evaluating the exact position of the business. Basically, outsourcing refers to a process that employs human resources from outside to perform any specific task; in fact, when it comes to faultless accounting management, every business owner considers outsourcing as a beneficial move. Accounting professionals that are hired through this process, do not occupy any place in the client’s organization and work independently from their own office that not only makes the accounting process hassle free but also trims down the operational cost of the client’s company.

Professionals hired through accounting outsourcing process, perform every accounting task on daily basis and also prepare weekly and monthly reports to keep the business owner informed about every accounting transaction. Basically, this process includes daily accounting tasks such as listing of day-to-day transactions, keeping record of daily transactions, reporting and recording. Since all accounting records are used for tax assessment, well maintained accounting section helps the business owner in arranging all necessary records to file his or her business tax on time. Therefore, it can be said that outsourcing your accounting task to an efficient firm can add more value to your business efforts.

Accounting or accountancy is one of the most promising types of profession today. It is always in demand and the career opportunities here are huge. If you are considering a profession as an accountant, then you will definitely see that this will change your professional life.

First of all, you have to know how you can start in the accounting field. Here are some tips that will be able to point you the right way to success.

The first thing that you have to do is decide on the field of accounting that you are interested in. There are basically lots of different fields in the accounting career and you will surely find the right one.

It is also a good idea to research about information related to accounting or accountancy, such as the college or university you are going to take the course in. You have to consider that companies are quite picky when it comes to the college or university that accountants graduated in. Also, by doing this, you will be able to know which college or university offers quality education particularly on accountancy.

Try consulting accounting professionals and teachers who are knowledgeable about the subject. They will be able to give you a lot of information coming from their experience.

If you plan on pursuing a career in accounting, then you have to enroll in a bachelor’s degree in accounting. Even if you are good in accounting, you can never have a good job if you don’t have at least a bachelor’s degree.

After graduating, don’t set your ambitions too high. Always remember that everyone starts small and work their way up to their goals. Start off as a junior accountant or as a trainee. This will not only give you a chance in the accounting career, but it will also provide you with valuable experience as well as knowledge about accounting.

Always remember that accountancy is a continuing education. As much as possible, you have to update your knowledge about accounting in order to keep up with the standards of the industry.

As mentioned before, there are lots of career opportunities in accounting. There are many fields of accounting and it is up to you to choose which one you want to take on as a career.

After college, you will be able to qualify for a certified public accountant or as registered public accountant license. Even though you can still get a job as an accountant even if you don’t have any license, you have to remember that more opportunities will open up if you have one.

In this profession, you can become an auditor, a management consultant, a financial officer, an analyst, and even as a tax accountant.

Being independent or being a freelancer in this field can also be a promising career. However, you do need a good network of contacts in order for you to earn more money and get more experience.

You can also try other specializations in accounting, such as forensic auditing where you will be responsible for investigating crimes related to company’s finances as well as tax fraud.

Another great career choice for accountants is by simply becoming a teacher of accounting. This is a very rewarding career choice.

As you can see, there are quite a lot of career opportunities for accounting or accountancy. All you need to do is follow the mentioned tips and you can be sure that you will be well on your way in to becoming a successful accountant in the field you choose.

Every year, different colleges and universities from all over the world produce graduates with different college degrees. It only means that every year, the unemployment rate increases and very few newly-grads land a job. It is very important to choose the college degree that you’re going to take to ensure your professional career in the future.

Among the top college courses of degree is accounting. Accounting involves different tasks which include keeping track of income, assets, liabilities, and a lot more. You can learn more about these tasks if you choose an accountancy course.

In accounting, you will learn a lot of things like how businesses and companies work. Successful businessmen are accountants one way or another. You see, accounting is essential in businesses. It is a way of evaluating the business situation, whether a company is losing or earning profits.

In short, the business’ language is accounting. All business activities are quantified through accounting and this is where all business reports are derived and later on, communicated to the management level. What career opportunities can you expect if you’re a graduate of accountancy?

 

1. Public Practice – if you become a CPA, you can do public practice. You can give your services to clients in exchange for an affordable fee. Usually, CPAs work in partnerships and they offer their services to businesses, governments, and even to individuals. The job responsibilities of an accountant in public practice will usually include auditing, taxation, management advisory services, etc. You can gain a lot of work experience in this field.

 

2. Education – accountancy graduates can also teach after they get their methods of teaching. They can become a researcher, reviewer, and a professor. If you choose this profession, you can learn a lot of things. You can clear out certain accounting issues, conduct research, and then distribute the results.

 

3. Government service – you can look for job opportunities in the state or federal level. Government accountants are responsible for tracking costs, budgets, and analyzing the various government programs that involves huge amounts. Being a government accountant can give you the chance of improving the conditions of the poor however, due to political influence, your will experience bureaucratic impediment.

 

If you want to become a government accountant, you have to think twice because the public usually think differently of those in position. But it doesn’t really matter what other people think as long as you’re doing your work honestly and effectively.

 

4. Commerce – accounting groups are maintained by corporations, whether big or small. The groups of accountants prepare and organize all the financial statements, handle tax issues, track costs, handle international transactions, and a lot more.

 

After years of being a member of the accounting group, you will have your chance of becoming the department head or you can be promoted as the cost accountant, budget officer, chief accountant, or even the company auditor. The size of the corporation determines the various responsibilities of the accountant.

 

Now you know that by taking up a course in accounting you will be offered a myriad of opportunities in the future. You must be able to choose the right career path. Before making a decision, you have to consider the responsibilities and nature of work of a certain accounting career.

 

Choose the one that you like most and one that you’re passionate about.

 

Does this ever happen to you when it comes to your favorite MMORPG? You get all excited when the new EverQuest expansion pack comes out, you play for a month or maybe a little more, and then “real life” gets in the way and you can’t seem to squeeze in more than a few hours of work on your EverQuest Accounts each week. When you do play, your EverQuest Accounts are so low-leveled compared to everyone else’s, you can’t keep up with your friends!

Struggling to compete with friends using the low-leveled characters in your EverQuest Accounts—the result of being unable to devote hours and hours every day to leveling up your everquest accounts’ characters—is one of the biggest reasons people fall behind and quit EverQuest altogether. Just like how it’s difficult to pick up a tennis racket or a violin after months or years of no practice, it can be really hard to summon the motivation to develop your everquest accounts when you haven’t been keeping up with them.

That’s where a professional MMORPG Accounts Store, one from which you can buy WOW Accounts, FFXI Accounts, Eve Accounts, Lineage 2 Accounts, and of course, EverQuest Accounts, is the perfect way to get your motivation back and remember why you started developing everquest accounts to begin with!

Now, no one would recommend you “cheat” and “skip” ahead when doing most things—when it comes to something like cross-country running, it wouldn’t even be possible for you to jump from running the half mile in 10 minutes to 4 minutes the next day—but that’s just the thing about buying EverQuest Accounts online: it really does work that easily!

Could you imagine the possibilities of playing with everquest accounts with a level-80 Wizard Dark Elf or a level-80 Guardian Barbarian? Would you ever feel out of the loop even after days of being unable to log on? Heck, would your friends start being jealous of you? Could their EverQuest Accounts top a level-80 Monk Human only one kill away from having his mythical weapon?

Full-time MMORPG Account Stores are the way to go if you want to buy WOW Accounts, Eve Accounts, Lineage 2 Accounts, FFXI Accounts, and EverQuest Accounts. They make it easy for you to start playing with brand-new everquest accounts and characters within about a day—or, oftentimes, within minutes! You get a wide selection of EverQuest Accounts, WOW Accounts, FFXI Accounts, Eve Accounts, and Lineage 2 Accounts to choose from. Talk about easy comparative shopping!

Plus, real MMORPG Account businesses often offer real guarantees on their EverQuest Accounts. That means you’ll get exactly what kind of everquest accounts you pay for in under the amount of time promised—or your money back.

Try buying EverQuest Accounts from a stranger on a forum or auction site and see what kind of “guarantees” you’ll get. You might get lucky, but are you willing to spend dozens, even hundreds, or possibly thousands of dollars on overpriced everquest accounts and not get the quality you expect? What if you don’t get the EverQuest Accounts you paid for after weeks or even months? What if you never get them at all and there’s no way you can get a hold of the scoundrel who made off with your money? No Shadowknight Halfling will be able to help you now!

The reason you would turn to an MMORPG Account Store to buy WOW Accounts, Eve Accounts, FFXI Accounts, Lineage 2 Accounts, or EverQuest Accounts is because you want to be able to play with incredible everquest accounts now! Start playing with EverQuest Accounts that’ll inspire you to return to Norrath again, with your head and your Claymore held high!

Owners/CEOs of mid size enterprises have two challenges:

(a) Facilitate growing their enterprises without compromising on the “nimble footedness” that got them to where they are and yet put in place processes that are absolutely necessary to enable to the business handle volumes far bigger than their current size; and

(b) Keep costs trimmed and aligned to business volumes

In other words, be capable of growing with processes that are necessary to scale up; and yet remain profitable without ballooning overheads.

Outsourcing your back office processes, especially accounting services, is a step in the right direction. Increasing pressure on profits is driving more and more midsize enterprises to look at outsourcing to cut costs and improve competitiveness in market place; something that Fortune 500 enterprises have been doing with success for the last ten years.

Can accounting be outsourced?

You would be surprised at how easy it is to outsource accounting.

o You keep your accounting system in your computers in your premises.

o You scan all incoming documents and store them as digital images.

o Your accountants, located outside your enterprise, access your computers in a safe/secure way, read the documents, process them according to your business rules and update your accounting records.

o When you enter your office, your inbox contains reports that you can print and read; checks you should print and sign; and queries that require resolution.

Just that simple!

Your first decision: What to outsource?

Your finance function comprises:

(a) CFO function focused on maximizing stockholder wealth by helping you make right decisions on pricing, resourcing, investment, funding and dividends; by ensuring your business generates the anticipated cash and this cash is deployed in the right direction

(b) Management accounting who help you plan the business; provide analytical support

(c) Treasury which manages the cash and

(d) Financial accounting which

a. maintains the books of accounts,

b. processes sales orders, sales invoices and receipts; monitors accounts receivable

c. processes supplier invoices and payments; monitors accounts payable

d. processes payroll, expense claims etc

e. prepares financial statements and other internal reports

Financial accounting (or any part of it) can easily be outsourced. This would step up service quality. A hare that runs for its life always runs faster than a lion running for its lunch; independent third parties would always be more focused on service (without losing emphasis on control) than in house accountants.

Your second decision: Who should do your work?

You should look for someone with experience in serving midmarket enterprises. TaurusQuest (www.taurusquest.com) have unique strengths here.

TaurusQuest have a track record in serving midsize enterprises in the United States; and have been ranked 4th worldwide in providing finance/accounting services to midsize enterprises by the Black Book of Outsourcing.

We understand small and mid market enterprises better:

CEOs of mid market enterprises are looking at outsourcing of back office processes as a strategy to remain competitive (against larger players and peers) and protect their margins.

If you are a mid market enterprise, you need to be twice careful in the choice of your vendor for outsourced services. The vendor should understand the need for the enterprise to be flexible and nimble footed in managing the processes and provide an entrepreneurial understanding of your opportunities.

We at TaurusQuest understand small and mid market enterprises better. We recognize that upfront investments need to be small; value realization should be reasonably quick; processes may not necessarily be structured and disciplined.

We have a track record of success in growing with our customers in this segment.

We have been placed fourth worldwide for customer satisfaction and operational excellence in our most important business: providing accounting services to mid market enterprises by a US based publisher of global league tables based on independently conducted customer surveys for 2007.

We were awarded this when we were at the finance/accounting services division of Quscient; now we are an independent corporate entity

We consider this a testimony to our credentials for “delighting” our customers.

Accounting services that can be outsourced:

A wide range of accounting services including:

· Maintenance of:

o books of accounts

o receivables and payables ledger

o cash/bank book

o inventory

· Processing of:

o sales invoices; monitoring collections

o supplier invoices; coordinating payments

o payroll

· Effective control/traction:

o prompt/accurate bank reconciliation

o cash flow forecasts

· Preparation of business intelligence reports

o financial statements

o analytical reports

· Decision Support in

o Pricing for new programs

o Resourcing (both assets and people)

TaurusQuest’s track record in accounting services:

TaurusQuest provides accounting services for more than 40 clients in United States. Some examples:

(a) Complete accounting services for an office space décor and furniture provider in New York

(b) Complete accounting services for a chemicals manufacturer in Chicago

(c) Complete accounting services for an architect practice in Atlanta.

(d) Complete accounting service for a chain of gas station franchises in Tucson

(e) Maintenance of General Ledger for a non government charity organization in Phoenix

(f) Sales invoicing and receivables monitoring for a properties and casualty insurance provider in New York

(g) Supplier invoices processing and payables for a manufacturer of industrial products in Chicago

(h) Branch accounting for a US software services business in Chicago

(i) Preparation of financial statements for professional clients of a CPA in Princeton.

TaurusQuest’s expertise:

TaurusQuest has expertise in:

(a) Aligning accounting systems to business requirements (right granular level of profit centers, cost centers for recording income/expense etc)

(b) Operating business controls (evolution of and compliance with business rules, authority; and validation of evidence)

(c) Accounting standards (we have expertise in US GAAP as well as IFRS)

(d) Operating a variety of accounting systems including Microsoft Great Plains, Quick books, SAP, Oracle Financials etc

Our senior employees have post graduate professional qualifications in finance/accounting. Our frontline service providers have at least an undergraduate degree in finance/accounting.

How does outsourcing work?

An accounting system is eventually about various business documents being inventoried, processed to certain business rules and updated into books of accounts. Outsourced provision of accounting services works as below:

(a) You get a high speed scanner and get all business documents (purchase orders, supplier invoices, goods arrival reports, sales orders, delivery reports, sales invoices, collections, payments, expense reports, payroll inputs) scanned and stored into a computer in your premises (preferably in an off-the-shelf inexpensive document management system)

(b) Your accounting system is stored in a computer (oftentimes the same computer) in your premises

(c) You get the computers connected to internet by using your local ISP (of course you get a firewall to protect your system; we can help you with the technology bit)

(d) We access your computer remotely from our service delivery center, read the scanned images, process/archive the document images, and update the accounting systems.

(e) Your accounting system is ready to provide the information you need. The reports you need are prepared and kept in a safe area for you in the computer.

(f) Depending on the level of sophistication you need, you could get the payments effected online by confirming the checks we have created online for you or print the checks physically, sign and disburse.

(g) You get to use the same accounting system and same processes you follow now. Your data and your documents stay all the time within your premises. We do not house your accounting system or data in our premises.

(h) Our accountants work during your night time; but you get to have at least 2 hours of interface with them each day (oftentimes from 9 am to 11 am your time).

(i) Our accountants work on a “dedicated” basis. You get to work with the same person all the time. We are different in this respect. We believe this increases the bonding between the accountant and the user group.

(j) Our accountants are reachable by closed loop VOIP phones by dialing a US number from your premises. All our senior executives carry blackberry devices; emails are promptly responded.

How much would it cost?

Upfront investment is restricted to: (a) A high speed scanner (b) An off-the-shelf document management system (c) A firewall software (d) A connection to your local ISP

You don’t pay for anything else (including the telecommunication bandwidth to our delivery center).

Recurring costs are confined to our invoices for services. These can be in any format: (a) % of your revenue (b) $ per sales/supplier invoice (c) $/hour of accountant’s time (d) $/month per accountant deployed

According to an analyst, “customers tend to save at least 50% of the total cost (salaries, benefits, facility costs etc) on outsourcing accounting services” from Day One.

Benefits from outsourcing:

· From Day 1 your costs come down by 50%. No big upfront investment.

· Your processes get streamlined. The quality of business processes go up. You become an efficient enterprise.

· Your customers and vendors are delighted because invoices are prompt; statements are prompt; payments are prompt.

· Your management is delighted because analytical reports are prompt.

· You get the benefit of best of breed practice from experts.

Why TaurusQuest?

TaurusQuest is a customer centric organization.

TaurusQuest has been acknowledged as within the top four positions in the world in providing accounting services in terms of customer satisfaction and operational excellence.

We focus on your enterprise value; your competitive advantage; your revenue growth; apart from high quality processes and cost advantages.

The thought of trying to move your money and automatically scheduled bill payments from one checking account to another is often enough to prevent people from changing checking accounts. It may be easier to just stick with what you’ve got, but if you want to maximize your earnings or benefit from features offered through another banking institution, you’ll have to be willing to do a little legwork to switch your money and any automatically scheduled payments from one checking account to another. While it may seem overwhelming at first, you can just follow this guide for virtually painless switching of checking accounts – and you’ll be set up in no time!

Step 1: Review The Previous Month’s Statement for Automatic Payments

If you have online banking with your current checking account, log in and view last months transactions. If you don’t have online banking set up, get out your paper statement for the last month. Make a list of any payments that are automatically deducted from your checking account (meaning you do not physically write and send a check or initiate the online payment yourself).

Make another list of any items that you regularly initiate an online payment for – these are transactions that don’t occur automatically, but you don’t write checks for them either. You’ll need to update your payment information in the online accounts of these creditors in order to continue making your payments through this method.

Step 2: Direct Deposits and Automatic Savings Transfers

Make another list of all income sources that are directly deposited into your checking account. Typically this would be your payroll direct deposit from your employer; but may also include child support or other direct deposit transactions.

If you have set up an automatic savings plan through your checking account, you will want to write down the details as well, so you remember to cancel the automatic transfer from checking to savings and to set it up again with your new checking account.

Step 3: Open the New Checking Account

Open your new checking account with a small deposit to get it set up if your funds are limited; if you have access to a sizable amount of money you can make a larger deposit and immediately start setting up your automatic bill payments again through this new account.

Order your checks if you use physical checks, and take note of the routing and account numbers for your new account. You will need this information to start transferring your automatic payments, direct deposits and automatic savings transfers.

Step 4: Cancel Automatic Payments and Savings Transfers

From the lists you’ve created, contact each of the creditors who receive their payment automatically through your old checking account. If you don’t have a lot of money in the newly opened account, simply cancel the automatic payment and inform them you will be mailing your next payment manually. If you were able to open your checking account with a good amount of money, you can just switch the payment details from your old checking account to your new checking account without interrupting the automatic payment plan service, and avoid having to mail a check manually.

If you have an automatic savings transfer, you can choose to temporarily stop it while you are setting up the new checking account or again, if you have enough money in the new account already simply switch the details to the new account and resume making your automatic savings transfers through the new account immediately.

Step 5: Change Payroll Direct Deposit

Once you are sure there are no more automatic payments and savings transfers coming out of your old checking account, you can switch the payroll direct deposit (and any other sources of income that gets directly deposited) into your new checking account. Sometimes this takes one to two weeks to make the change, depending on the employer and the payroll department.

Step 6: Set Up Automatic Bill Payments and Savings Transfers

As soon as you see your first payroll direct deposit going into the new checking account, you can refer back to your list and re-set up the automatic bill payments again if you weren’t able to do that at the same time as opening the checking account.

You will also be able to automatically transfer your money into your savings account once you set it up to withdraw from the new checking account.

If you had creditors and expenses that you would log into the website and initiate a payment, now is a good time to log into each of your accounts and update the payment method section of your profile. This will tell the account where to pull the money from – and you’ll be able to specify your new checking account details for making payments here on out.

Step 7: Close the Old Checking Account, Enjoy the New One

After you’ve changed any automatically made transactions through the old checking account, verify that any outstanding checks or payments you’ve initiated have all cleared. As long as all transactions have posted to the account, at this time you should be able to safely close your old checking account and begin using your new checking account exclusively.