Bookkeeping Services: Effective Bank Reconciliation Statement Preparations

Hi-Tech Bookkeeping service is an offshore bookkeeping and accounting services providers in India. We have specialization in providing bookkeeping, accounting, financial services, taxation services and payroll services at affordable rates.

Hi-Tech Bookkeeping Service offers bookkeeping services including bank reconciliation, trial balance sheet, financial statement preparation, general ledger maintenance, account receivable, account payable and payroll processing. We offer guarantee to handle a very complex and large amount of bookkeeping projects and give the best bookkeeping solution in-time.

Bank reconciliation is an important part of the monthly cash flow related to your business and should be done as soon as the statement arrives from your financial institution. The bank reconciliation will find any late deposits and checks, any automatic debits or credits not in your records and any mathematical errors. Our bookkeepers helps to resolve discrepancies in your bank statement by performing complicated processes such as sorting various transactions by type or date, deducting errors or by adding deposits in transit.

Advantages of Bank Reconciliation

• It makes important updates to general ledger and receives timely entries from the other applications.
• Provides the ability to reduce bank statement errors
• Enables to control cash out flow with the invalid checks and stop payments function
• Verifies the amount of cash in your account
• It helps to found uncover irregularities

Our bank reconciliation preparation services enable you to know which checks have cleared, which transactions are outstanding, which bank accounts contain what amounts, and exactly where your money is. We find errors and record differences between your books and the bank. Our bookkeeping firm provides a wide variety of reports reflecting debit and credit card reconciliation activity and exceptions that have occurred on the account.

We have best-of-breed technologies, unique processes and highly skilled professionals to provide you with top-tier bank reconciliation preparations services and also prepare your bank statement. You can outsource all your bank reconciliation requirements to us, save up to 40% to 50%.

If you require more information about our bank statement reconciliation services, please feel free contact us: info@hitechbookkeepingservices.com.

Visit us: http://www.hitechbookkeepingservices.com/

Starting a Small Business in Tough Times

As lenders tighten their credit restrictions, entrepreneurs are frustrated that traditional sources of small business funding are disappearing. Money is still out there but it requires more than just consulting with bookkeeping services to prepare a quick business plan and applying for a loan at your local bank. Business owners need to find funding designed for their unique business situation.

Patriot Express Loans for Veterans

One source of small business funding that is helping military veterans and reservists is the Patriot Express (PX) loan guaranty from the Small Business Administration (SBA).

The SBA began offering PX loans as a pilot program in order to provide funding to military service veterans and their families. The loans are available to veterans, reservists, National Guard members, or active service personnel nearing discharge. They are also available to the spouses of any of these people or the widowed spouse of a veteran or service member who died while serving.

These loans carry exceptional features including the fastest turnaround times and lowest interest rates of any SBA loans. Eligible veterans should work with their bookkeeping services to determine how much of a loan they will need for their business startup, expansion or other related expense.

Venture Capitalist Investment

If you are currently running your business out of your living room and it has the potential to really take off, securing venture capitalist funding may be an excellent alternative to traditional loans. This type of start-up funding is often given in the very early stages of a business when there is not much credit history established. After reviewing your bookkeeping services, venture capital firms base their decisions on your business plan, management and projected growth.

It is important to work with your bookeeping services company to research and target venture capital firms that you feel comfortable with. After all, they are not just loaning you money, they are purchasing a stake in your business and will essentially become a partner moving forward.

Traditional Small Business Loans

Just because small business loans are harder to receive does not mean they are not worth considering. For many businesses, securing a traditional loan is the key to their expansion and overall growth. Bookkeeping services companies suggest that you begin establishing business credit immediately if you think you are going to need a small business loan in the near future.

Even with poor personal credit, business owners can build up their business credit by properly managing credit cards in their business's name, leases and other large credit items. Bookkeeping services often recommend getting a tax ID and proper legal name for your business to ensure you are completely separate from your personal social security number. After a few months of building credit, you should qualify for a small loan - and when managed properly, small loans turn into large ones.

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Get Affordable Online Bookkeeping and Accounting Services

A bookkeeper of Hi-Tech Bookkeeping Services provides any online bookkeeping service required by small to medium size of business with first class standards. Hi-tech Bookkeeping Services is a professional online bookkeeping services provider. We have the qualifications and bookkeeping experience required to complete your work accurately, and at the highest possible standard.

Hi-tech Bookkeeping Services is one of the top online bookkeeping and accounting services provider form last 15 years. We are specialized in handling of various online bookkeeping and accounting services like:

• Bank Reconciliation
• Trial Balance sheet preparation
• Financial Statement preparation
• Payroll processing
• General Ledger Maintenance
• Account Receivable
• Account Payable

We provide effective, accurate and in-time online bookkeeping services which helps you to make right decision on different types of business task. Our online bookkeeping services automate processes, increase efficiencies, and lower costs by 30-50%. We have an experienced team of accounting personnel. They work 24/7 x 65 bases to handle all your bookkeeping and accounting work.

Our Bookkeeping Services has various benefits some of them are as follows:

• Simply affordable
• Highly skilled professionals
• State of the art technology
• Reduce Error rates
• Precise Reports
• Quick turnaround time
• Allow you to focus on your core area of business
• Personalized services

Hi-tech Bookkeeping Services is dedicated to providing quality accounting services in a personal and ethical environment. We are committed to assisting individuals and businesses in organizing their finances in order to maximize their growth potential.

To get more information regarding affordable and reliable online bookkeeping services please visit us at: http://www.hitechbookkeepingservices.com and you can also mail us at: info@hitechbookkeepingservices.com

Accurate and Cost Effective Outsource Bookkeeping Services

Hi-Tech Bookkeeping Services provides outsourced bookkeeping services to small and mid-size companies, including fast-growing enterprises that need active bookkeeping support. The company is an entirely India based, and is generally known for high quality service and excellent, reliable procedures. Most importantly, Hi-Tech Bookkeeping Services helps clients maintain access to their bookkeeping records, allowing for full transparency, accountability, and confidence.

We provide outsource bookkeeping and accounting services with best accuracy and high quality to our global clients. We have high qualified, experienced and certified Charter accountant team for effectively manage your all transaction and other accounting related work. They will manage all your bookkeeping and accounting work.

We offer cost effective bookkeeping services include:

• Bank Reconciliation
• Trial Balance sheet preparation
• Financial Statement preparation
• General Ledger Maintenance
• Account Receivable
• Account Payable
• Payroll processing

The structure of the bookkeeping firm is such that companies can utilize top-level accountants and bookkeepers without the cost of hiring, training, and continually educating an in-house accountant. Each client is assigned a bookkeeper and controller to supervise the account. Clients' books are closed by the controller each month and issued a monthly financial report package.

Making the best use of bookkeeping outsourcing services:
• Concentrate on other business priorities
• Automate complex and voluminous processes
• Cost Savings
• Access large, skilled, and viable labor pool
• Create competitive advantage
• Get the work done in quick turn-around-time
• Enjoy the benefits of advanced collaboration capabilities
• Improve customer satisfaction through efficient and timely processing of requests, service changes, and projects

Hi-Tech Bookkeeping Services has highly qualified people to manage all your questions regarding planning, output formats, quality procedures, delivery schedules, administrative issues on 24 / 7 x 365 bases. You can outsource bookkeeping and accounting services your requirements to us, save up to 40% to 50%.

If you require more information about our bookkeeping and accounting services, please feel free contact us: info@hitechbookkeepingservices.com.

Visit us: http://www.hitechbookkeepingservices.com/

Cost Benefit Analysis-Whether you should outsource your Bookkeeping to Professional Book Keeper

What is a role of a bookkeeper in your organization?

BOOKKEEPERS keep complete, up-to-date, and accurate records of accounts and financial arrangements. Bookkeepers verify and enter information into journals and ledgers or into a computer. They periodically balance the books and compile reports and financial statements. Bookkeepers also receive, record, bank and pay out cash. They balance checkbooks with monthly bank statements. They may calculate employee wages from plant records or time cards and issue payroll checks. Some of the other work they may do includes posting accounts receivable and payable, prepare and make bank deposits, record payrolls, maintain inventory records, purchase supplies, prepare purchase orders and do expense reports. Bookkeepers may also make schedules, sort documents, and file bills. These type of jobs are found in every industry and may have various job titles, such as accounts payable clerk, accounts receivable clerk or assistant bookkeeper.

Cost of a Bookkeeper :

The pay for these jobs depends upon experience, clerical skills, the level of responsibility and the job location. Beginning salaries go from minimum wage to $ 15 per hour. Experienced Bookkeeper can make $ 20 an hour. After having worked for three years with the same firm, a Bookkeeper can earn at $ 25 per hour. A Bookkeepers usually work 40 hours a week; sometimes it may be necessary to work overtime. Some employers have fringe benefits such as paid vacations and sick leave, life and health insurance, and bonuses. Other benefits that the employer may include are participation in a credit union, or retirement and profit sharing plans.

Advantage of outsourcing Bookkeeping work to a professional bookkeeper :

There are several distinct advantages to outsourcing your bookkeeping functions. First and foremost is saving money. You get what you pay for and if you don't pay for quality than you won't have quality service. However, you can save money by outsourcing because you won't be paying for employer payroll tax expense, workman's compensation and general liability insurances, vacation time, sick time, health insurance and other benefits a good full time bookkeeper will expect from his/her employer. Just remember, however, that these costs will be built into the consultant's hourly rate and their fee will reflect these costs. Any bookkeeping consultant who has not taken these costs into consideration is not a bookkeeper you want - if they don't know enough to include these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.

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Vital Information About Bookkeeping Services

Bookkeeping service is a core component of any successful business. This kind of services keeps a track or records all the financial activities which include transactions and accounting. Bookkeeping services and accounting are jointly known as bookkeeping practices.

A number of outsourcing companies are known to extend their bookkeeping services to different companies and even to Certified Public Accountants. Undoubtedly this service is known to help in the growth and development of the company. Softwares like MYOB, QuickBooks, Sage, Peachtree, Quicken and Creative Solutions Accounting are used in this area.

Most of the outsourcing companies employ highly qualified people who are knowledgeable and have considerable expertise and experience in this area. Most of them are well-acquainted with the latest software's which have made the work easier. Some companies have a single service system while others offer bookkeeping package.

Most of the packages are customised and are developed to suit the preference of the clients. Bookkeeping services can be classified into different groups like accounts reconciliation, inventory recording analysis, general bookkeeping, cash flow statement, financial statements preparation, journal entry, balance sheet, preparation of W-2 at the end of the year and reviewing the 1099 forms, quarterly balancing of books and handling expenses ledger.

All the outsourcing companies are known for their strict security policies which ensure complete protection of data. Appropriate measures are taken so that confidential client information is never publicised. There are three basic ways of data transfer in bookkeeping services. All of them are safe. They are known as the application service provider or ASP bookkeeping process, server based or FTP bookkeeping process and remote access bookkeeping process. According to a recent survey, almost 35% of the businesses in United States depend on the Indian Outsourcing companies for bookkeeping services.

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Small Business Bookkeeping: one strategy that needs to be followed

It is a known fact that running a successful business requires a lot of planning and strategizing. Managing a successful business is not a child’s play and requires a lot of expertise in various fields related to the business. In addition, the fact remains that one has to strategize things first and then follow those plans and strategies regularly to make the business come out as a winner. Bookkeeping is one such strategy that is adopted by each and every business, whether large scale or a small scaled one. Bookkeeping is a process wherein all the business transactions of the firm are recorded in a systematic manner to make things easier and more regular in the firm.

Small business bookkeeping includes the tracking of the total revenue, profit, loss and expenses incurred by the company, the dates of the transactions and various other minute financial details. Small business bookkeeping is in fact, one of the most vital aspects of a business and requires highly experienced people who can give the best to the business. In fact, small business bookkeeping has to be more accurately maintained because for a small business it is important to keep a track of even the smallest financial transaction to know the financial stand of the business.

Keeping a track of small business bookkeeping has many advantages. These advantages can be highly beneficial to a small business. As bookkeeping helps the business to know the accurate financial status, small business bookkeeping also helps these small businesses to know their accurate financial position, which further helps them to understand the position of their business and to understand the initial profit and loss that the business is incurring. Maintaining small business bookkeeping helps the small business owners make their business financially and legally precise and accurate.

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Benefits of Bookkeeping Outsourcing Online for Accounting Firms

Bookkeeping is a monotonous task for accounting firms. It takes long and tedious hours to maintain the accounts properly. On the other note, this can be a very expensive matter as it involves giving high amount of salaries with add-ons to your accountants. A variety of companies have trained accountant for bookkeeping. But their cost to the company is so high that it becomes impossible for the firm to continue with them. For small business ventures, hiring a proper staff for bookkeeping can be an option that will fit perfectly within the budget.

An increasing amount charged by hired bookkeeping employees has forced the companies to outsource them. These companies have been giving a part or the entire bookkeeping work to the outsourcing company. The companies benefit a lot with outsourcing their bookkeeping work. They are able to give time to other sections of their business to earn profits and expand their business. Apart from this, there are lots of benefits of bookkeeping outsourcing online. Online services save your valuable time, which would have been otherwise wasted in roaming around the offices of professional bookkeeping firm.

Benefits of bookkeeping outsourcing online includes cutting down of the actual cost of keeping a trained bookkeeping staff in your company. It is because the company has to invest a huge amount of money in hiring an accountant. It will help you to lower your capital expenditure and run the business within the budget. This is not just the culmination point of the benefits involved. The unleashing of benefits has just started. Saving money will enable you to invest in some other important areas of your business. This will give a tremendous boost to your business.

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Accounting Processes - Book-keeping To Final Statements

The most important lesson that every aspiring accountant learns right through his education and training is that of recording the transactions accurately and in the proper format. For there can be nothing more damaging to the credibility of the accounting process, if one could not rely on the figures thrown up.

Book-keeping is an important aspect of an accountant\'s job. Although it might seem quite mechanical, practically it is not so. In a large organization, despite standardized or mechanical data capture facilities book-keeping is the best way to exercise control.

Accountants record transactions on the basis of vouchers. A voucher is a concise slip that shows the appropriate item to be debited or credited along with full details of the supporting documents. Usually, cash and check payments are recorded through vouchers. Assume, the firm paid $20 in cash for buying office stationery. The debit voucher shows the account to be debited as Printing and Stationery or any equivalent term, the amount paid in figures and words and the details of the bill from the supplier.

For the sales and purchases transactions, entries are made in a book called the sales journal and purchases journal. The credit sales and purchases are recorded with complete details about bill number, party name, quantity and total amount. The daily totals from the journals are posted into the respective ledger accounts. Cash sales and purchases are posted directly from the cash book.

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Bookkeeping Services: How to do simple bookkeeping business

To achieve something in business, one of its most important tools is the financial analysis, based on the business records. Accurate financial records will help to answer some very important issues. Are you making money or losing it? How much? Is your business on sound financial ground, or are troubles lurking ahead? A sound bookkeeping system is the foundation on which all of this valuable financial information can be built.

Bookkeeping is the task of keeping financial records. Most of the people think that bookkeeping is a simple task. It is important for all companies to keep track of all income and expenses, and ensure that they are regularly updated.

If you use a computer or manual system based on the same principles apply. It is worth going to decide whether to computerize their accounts at an early stage. While a traditional paper-based system will be sufficient for many start-ups, the role may soon swallow valuable time as your business starts to grow. If you start with computerized accounts, there will be no need to go through the time-consuming process of transferring your paperwork onto a computer package.

Here are your essential bookkeeping do:
• Keep simple records of earnings and expenditure
• Keep your paperwork safe
• Give each invoice a unique number
• Preparing financial statements
• Check your bank statements
• Invest in accounting software
• Hire a professional bookkeeper

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Bookkeeping outsourcing: Planned way to success

The bookkeeping accounting is one of the most important of the entire organization of the company, because it is not only responsible for the management of economic, but provides the company with the best financial and technical solutions, which in turn are important for its growth. The rise and fall in the graph of a company depends primarily on its bookkeeping department and for this reason only for the accuracy and the proper administration of accounts, data and statistics is very important to growth.

Hi-tech Bookkeeping services is a solution for external support to human resources for better performance of the accounts of several bookkeeping questions.

The Bookkeeping accounting is the technique with the inclusion of the various monetary and financial mergers of the transactions of a company.

Hi-Tech bookkeeping services is dealing with the efficiency, as well as experienced bookkeepers, which are capable enough for all types of jobs, such as preparation of monthly reports, production and accounting ,yearly reports etc.

In the present commercial world, every efficient business organization is taking the assistance of bookkeeping outsourcing firms, to ensure proper management and fast service of their bookkeeping department.

The most beneficial feature of bookkeeping outsourcing is that it is inexpensive and effective concepts develop to share the ever increasing burden of your bookkeeping team. So if your company is not making the predictable profit, then you should sincerely consider a good outsourcing bookkeeping firm.

Hi-Tech bookkeeping services provide highly professional, reliable and reasonable services for your bookkeeping work.

If you want more information about our outsourcing bookkeeping services then visit us at: http://www.hitechbookkeepingservices.com/ or contact us at: info@hitechbookkeepingservices.com

Bookkeeping Services – Smart Options for Small Businesses

Bookkeeping is the task of maintaining financial records. Whether or not the business is a large corporation, it will surely fail if financial transactions are not recorded and if those records are not maintained properly. Most people may think that bookkeeping is a simple task. However, any business owner would agree that it is so much more complicated than it seems and that records should be handled correctly or else they risk failure. It is important for all businesses to keep a record of all its income and expenditure and make sure that they are regularly updated. These records will be vital for properly maintaining the bookkeeping of businesses.

Any business owner who has tried maintaining his own bookkeeping will agree that it is a very tedious task that can take a lot of time which could have otherwise been used to manage the rest of the business’ day-to-day operations. However, it is a necessary undertaking not only for legal purposes but it also serves as a reference for business owners who should be making important decisions based on the business’ exact financial standing. For this reason, well-maintained bookkeeping becomes much more important. Because entrepreneurs need to focus on other business operations, many prefer hiring others that provide bookkeeping services and leave the task of maintaining records to the experts.

There are two approaches of bookkeeping services. The more traditional type is done in-house either with a full-time or a part-time bookkeeper. This is getting increasingly difficult to pursue since good bookkeepers are increasingly getting hard to find.

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Outsourcing Bookkeeping Services for Small Businesses

Outsourcing bookkeeping services is now the trend in many businesses. That is why there are also more and more outsourcing companies now becoming available in the market. It used to be just home based individuals providing such services. But then the demand just grew so much so that many companies were formed just to provide outsourcing bookkeeping services. These companies hire skilled accountants to focus on specialized services like bookkeeping so they can provide them to the companies who want to outsource.

Outsourcing bookkeeping services is essentially having another company or group of individuals maintain your company's accounts; that is, all your expenses and income. Every transaction of the company or transactions taken for the company would be recorded by the other company. People perhaps wonder why a company would outsource. Well, there are quite many advantages of doing this. One most important benefit is that companies are bound to save costs if they go for outsourcing bookkeeping services. They won't have to hire additional employees just to do their bookkeeping. Hiring costs money. Then the company would have to invest in capital costs for the office supplies and then on operating costs. Those costs would be avoided and the company could end up saving about 40% to 50% on their operating costs.

Since the company is hired to do service for you. They would be service and client oriented. Turn-around time would normally be shorter. They would be more responsive to your requests. Also, these outsourcing companies are usually composed of highly skilled employees.

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