Payroll Administration by Hitech Accounting Services

Hi-Tech Accounting Services provides you high quality, time bound and cost effective online payroll processing services. Save up to 60% on your total project cost by your accounting work to us.

Hi-Tech Accounting Services support payroll administration services which include various online payroll services such as payroll processing services, small business payroll services, payroll outsourcing at cost-effective rates.

Payroll administration is an integral part of the whole of a successful core business. In any business, the significance of personnel administration is increasing.

Our online payroll services become online solution to help our clients to meet their business needs. Our clients can gain competitive advantage by using online payroll processing and payroll accounting services. These services help our clients to manage their payroll processing and payroll calculations easily. Moreover, our corporate payroll services improve payroll management for employers.

Why payroll processing with us?

• Preparation of employee earning statements with current pay period and year-to-date wages, adjustments, and taxes
• Preparation of department summaries of month-to-date payroll data
• Preparation of timely and accurate notifications of tax liabilities and deposits
• Preparation and processing of payroll accruals
• Digital data processing of timesheet, commission, bonus calculation, and overtime
• Insurance deduction, PAYE, and calculation of net pay
• Year-end return preparation
• Preparation of medical leave and payment details
• Calculation and payment of taxes at various government levels

Our payroll processing company allows you to easily pay your employees and efficiently deal with payroll taxes. If you are willing to put up with the very few limitations that our company has, it is a good choice at an excellent price.

If you are interested in outsourcing your Payroll processing services work to us, we will be pleased to give you a quick overview of our Payroll processing services.

Save up to 60% on your total project cost by outsourcing your bookkeeping and accounting work to us.

To know more about our online accounting and bookkeeping services, you can visit us at http://www.hitechaccountingservices.com or drop us an email at info@hitechaccountingservices.com

Article Source: http://www.pressreleasepoint.com/payroll-administration-hitech-accounting-services

Budgeting and Planning - A mid-size companies success tool

Many Finance Executives at mid-size companies feel "trapped in the middle" - bigger but less agile as an organization than they were previously, but smaller and without the resources of their larger competitors. Generally believing, finance executives at mid-size companies have a real and direct opportunity to create positive change in their companies by making their budgeting and planning more effective.

Bringing to your consideration, Budgeting and Planning need some necessary steps:

- Shape the budget with company strategy
- Increase the accuracy of forecasting, planning and budgeting
- Improve company ability with effective budgeting, planning and review
- Provide better insight to company-wide performance
- Improve the quality of budget process

Improving the quality of your Budget Process

Does your company have a quality budgeting and planning process?

A "quality" process is one that:

- Promotes accuracy
- Increases organizational alertness
- Makes deep the operational insight for company as a whole

The role of strategy in a Quality Process

While examining how to make budgeting more strategic. The CEO has a strategy or vision for the business, but how well does the budget reflect it? Quality in this sense is the alignment of the budget to the company's strategy. All too frequently, when we ask companies to connect their strategic objectives to their budget, we find there are gaps between what senior management sees as its priorities and funding for specific activities because there is no clear link between the two. To create these links, the strategy must be specific. In budget reviews, business unit managers must demonstrate how their objectives and the funding they need to achieve their objectives (people, advertising, capital, materials, etc.) to the corporate strategy.

Thus, Budget planning accounting professional should be highly trained and with the professional skills.

This article has been provided courtesy of http://www.hitechaccountingservices.com Accounting is an Outsource Accounting firm divisions offers a wide range of quality budget preparation planning

Article Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=1546801

Outsourcing Financial Accounting Services for Your Business Needs

If you worried about recording, reporting and analysis of your financial transaction then outsourcing accounting services is an ideal option for you. If you are looking accurate accounting solutions for your business at affordable rates then your search ends here at Hi-Tech Accounting Services.

Hi-Tech Accounting Services is a well known accounting firm in India provides financial accounting services worldwide at cost effective rates. We are known for quality and 99.98% accuracy in accounting work.

Our affordable financial accounting services include:

• financial reporting
• Generating invoices
• Prepare cash flow statement
• Quarterly tax filing
• Payroll administration
• Budget process
• Management of balance sheets
• Accounts receivable and payable services & many more.

During the excess of workload, accounting outsourcing services can prove to be highly beneficial in terms of managing.

Get an ideal solution for your all financial accounting needs by our professional expert team of accounting. Our experienced professionals handle your large or complex projects with easy deliver excellent output before given deadline. They use advance financial accounting software which support web based accounting, tax accounting, payroll accounting and many more.

Save up to 60% by outsourcing your requirements to us. Get a FREE quotation for your projects. Hurry for FREE trail worth of $20.

For information about our affordable outsourcing financial accounting services please visit us at: http://www.hitechaccountingservices.com/ Or directly send your projects at: info@hitechaccountingservices.com

Article Source: http://www.prlog.org/10200826-outsourcing-financial-accounting-services-for-your-business-needs.html

Professional Outsourcing Accounting Services

Hi-Tech Accounting Services is a global leader in the accounting industries. Hi-Tech Accounting Services is a leading outsourcing accounting services provider in India.

Our mission is to provide high quality accounting services, give satisfaction and maintain good relationship with clients. We are master in providing professional outsourcing accounting solutions worldwide.

Our outsourcing online accounting services include:

• Financial accounting services
• Financial reports
• Accounts receivable
• Accounts payable
• Cash management
• Cash flow statement
• Inventory reconciliation
• Payroll administration
• Tax filing services
• Other business accounting services

Our experience accounting professional can handle complex projects of any size and deliver exceptional output before time with 99.98% accuracy. We provide 24*7 hours services for our global clients. We have all necessary resources, new technology and latest accounting software to provide quality outsourcing accounting services worldwide.

We serve reliable, fast, accurate and affordable outsourcing accounting services worldwide. Get ultimate accounting solutions for your business. Outsource your accounting needs to us. Save up to 60% by outsourcing your requirement to us.

Hurry for FREE trail worth of $20.

For more information about our cost effective accounting services please visit us at: http://www.hitechaccountingservices.com/ or directly send your projects to us and get instant quotation at: info@hitechaccountingservices.com

Article Source: http://www.prlog.org/10180708-professional-outsourcing-accounting-services.html

How Does Account Reconciliation Work?

Author: Stephen L. Nelson, CPA

Balancing, or reconciling, your bank accounts represents an important financial management task. By regularly reconciling your records with those of the bank, you improve the accuracy of your bookkeeping, you assure that bank errors haven’t been made, and you also reduce the chance that you aren’t the victim of fraudulent transactions, such as those perpetrated by a forger.

The problem when reconciling bank accounts

But unfortunately, trying to reconcile a personal or corporation bank account with Microsoft Money can seem pretty daunting at times. On any given day, a comparison between what your records show is the balance in your bank account and what the bank’s records show will yield a discrepancy. And reconciling a bank account simply explains the difference between your records and the bank’s.

Locating Forgotten Transactions

In general, two factors explain the differences between the two sets of records: First, there are the transactions you haven’t recorded but that have been recorded by the bank, such as transactions you’ve forgotten to record as well as transactions for items such as bank fees and interest that you won’t know about until you see them on the bank statement. Second, there are the transactions you’ve recorded but that haven’t yet been recorded by, or cleared, the bank.

The process of reconciling any account involves looking carefully at both factors. For example, typically your first step is to look for and then record any transactions you forgot or didn’t know about before seeing the statement: cash machine transactions, forgotten checks, interest, and monthly service fees. (This step of looking for and then entering forgotten transactions can be particularly important if you're using Microsoft Money to manage a small business's finances--even a small corporation or small limited liability company can easily have hundreds of transactions a month in a bank account.)

Explaining Discrepancies Between Your Records and the Banks

Once you’ve done this, you then identify and total the transactions that you recorded but that haven’t yet been recorded by the bank, such as outstanding checks and deposits in transit. The total of these transactions should explain the difference between your recorded balance—this is what Microsoft Money shows—and the bank’s balance—this is what appears on the bank statement.

When the total uncleared transactions don’t explain the difference between your records and the bank’s, you need to repeat the two steps discussed in the preceding paragraphs. You’ve made a mistake in at least one of them.

Reconciling Corporation and Limited Liability Company Bank Accounts

If you're reconciling a bank account for a small business that includes more people than just the owner and his or her family, you probably want to add one more step to the basic account reconciliation program: You should consider the possibility of forgery and embezzlement and look for evidence of either crime as you reconcile.

Specifically, if you do see forgotten transactions, you should consider the possibility that you didn't forget the transaction. You should consider the possibility that some nefarious third person effected a transaction in a fraudulent manner (such as by forging a check).

About the Author:

CPA Stephen L. Nelson is the author of do it yourself kits for New Jersey incorporation, New Jersey S corporation, and New Jersey llc formation.
Trying to print a report or chart in Microsoft Money? Follow these simple steps, says CPA and computer book author
Stephen L. Nelson.

Article Source: Articlesbase

Outsourcing Accounting to India - A Powerful Business Strategy

Author: Amitaabh Saboo

Dealing with the accounting function of any business can be laborious and time-consuming. Making sure that accounting details are accurate is no walk in the park either. It requires great care and expertise. When business owners review accounting records to check the firm's financial status, they realize how much time is spent on getting accurate details and chalking them up. In fact, doing accurate accounting can take significant time and effort.

Only qualified accountants can draw accurate conclusions from accounting details and help firms realize the actual financial picture. However, procuring the services of an accountant that is both qualified and experienced is cumbersome. In this instance, one might opt to simply hire the services of an outsourcing firm that specializes in accounting. These days, outsourcing accounting to India has become one of the most preferred options for businesses and accounting firms.

The work of an accountant never ends and it requires vigilance. If one appreciates the details that can possibly make or break a business, he would certainly want to get the most qualified accountant for the job. Outsourcing accounting to India is ideal because it ensures that only a qualified professional from a reputable firm will work on the accounting services for a business.

Now, choosing a reliable, authentic and established accounting outsourcing vendor in India can be difficult. In spite of this, one must give it time and care because once outsourcing accounting to India is accomplished, there would be no more need to worry about accounting again.

When outsourcing accounting, the first step is to skim through the many different firms listed in classifieds over the internet or online. Available vendors offer accounting services to both large and small businesses. Different businesses have different requirements when it comes to accounting. For this reason, it is imperative to procure the services of a firm that understands the accounting needs of the business.

When outsourcing your accounting to India, business owners will need to follow a structured process to ensure its success. First you need to choose an accounting firm that has good experience in accounting outsourcing. Always choose an accounting firm that works 24x7 since efficient communication is the key to most outsourcing initiatives. Then you have to give the accounting firm accurate details regarding the firm's accounting requirements. Business owners also need to take measures to ensure only proper use of the firm's accounting data. Further, one must ensure that outsourcing service is significantly beneficial to the firm. It is, after all, the business owner's money that is at stake.

About the Author:
Outsourcing Accounting to India requires great care and expertise. There are many accounting outsourcing firms in India that cater to small and medium businesses worldwide with a structured process to ensure its success.

Article Source: Ezinearticles

Outsourcing Bookkeeping Makes Perfect Business Sense

Author: Amitaabh Saboo

Bookkeeping is a time consuming and tedious but essential task for businesses. Moreover, it can be quite expensive as it entails accountants’ salaries – very likely substantial – and benefits over and above the cost of training them. Though hiring a proper staff for bookkeeping may fit the budget of many small business ventures, often, after the expense on training accountants in bookkeeping, in due course, companies find that they can not afford to hire these accountants permanently.

To conserve the budget for in-house bookkeeping, a company may opt for outsourcing bookkeeping work - a portion of it or its entirety. Savings on the cost of training and retaining an in-house bookkeeping staff translates into lower capital expenditure. Additionally, shifting some of your workload to others saves you time and allows you to perform efficiently in other areas of your business. Therefore, outsourcing bookkeeping saves time and money. Time and money saved can be utilized for strengthening core sectors of the business and expansion, both of which increase profit.

Yet another benefit of outsourcing bookkeeping is enhanced efficiency. Usually, because of the multitasking nature of work in businesses, a person or a company is unable to give its best just when it is needed most. In this instance, it makes perfect business sense to outsource bookkeeping work to accounting firms. The professionals at outsourcing bookkeeping firms lay great emphasis on expertise and proficiency. Because professionals at specialized outsourcing bookkeeping firms have the advantage of being able to concentrate on maintaining your accounts, they do the work in much less time than in-house accountants. Plus, they can take each and every step of bookkeeping very carefully thus producing meticulous work.

Many outsourcing bookkeeping firms have specialized software for managing accounting transactions. This spares your company the time and expense required by acquiring and maintaining software, as well as training accountants in software manipulation.

Bookkeeping outsourcing online is especially beneficial to small and medium business firms. Online accounting services generate additional savings in time and manpower - time and manpower that would otherwise be spent on visits to the offices of professional bookkeeping firms. Again, the time and energy thus saved can be redirected towards other sectors of the business or towards expansion.

Bookkeeping outsourcing online also generates additional savings on computer maintenance cost, training cost, fixed costs and overheads. Indian Online bookkeeping outsourcing companies are especially noteworthy for the nominal rates they charge for providing efficient services.

About the Author:

Outsourcing bookkeeping services & outsourcing accounting services at amazingly low rate for small business. #1 selling online accounting & bookkeeping services firm. QuickBooks online bookkeeping & accounting outsourcing firm in India.

Article Source: Articlesbase