October 1, 2024 · Accounting Firm · (No comments)

What is QuickBooks?

QuickBooks is a comprehensive accounting software solution designed to help small and medium-sized businesses manage their finances efficiently. Created by Intuit, QuickBooks offers various features, including invoicing, payroll, expense tracking, and financial reporting. The software is available in both desktop and online versions, making it accessible to a broad range of users.

Features of QuickBooks

One of the significant advantages of QuickBooks is its user-friendly interface, which simplifies complex accounting tasks. Users can easily generate invoices, track sales, and manage accounts payable and receivable. Additionally, QuickBooks integrates with numerous third-party applications, providing extensive functionality tailored to different business needs.

Benefits of Using QuickBooks

Using QuickBooks for your accounting needs offers multiple benefits. It saves time on bookkeeping tasks, reduces the likelihood of human error, and provides real-time financial reporting. QuickBooks also allows business owners to streamline tax preparation by organizing financial data in one place. For those who prefer professional assistance, seeking guidance from the best tax accountants beresfield can further ensure compliance and accuracy.

Who Can Benefit from QuickBooks?

QuickBooks’ versatility makes it suitable for various industries, including retail, manufacturing, non-profit, and professional services. Small business owners, freelancers, and accountants can all benefit from the software’s powerful accounting tools. By providing insights into financial health and performance, QuickBooks enables users to make informed business decisions.

Getting Started with QuickBooks

To get started with QuickBooks, users need to choose the appropriate version based on their business requirements. Setting up the software involves creating a company profile, configuring accounts, and importing financial data. QuickBooks offers extensive resources, including tutorials and customer support, to assist users during the setup process.

Overall, QuickBooks is an invaluable tool for businesses seeking to improve their financial management. Its robust features and ease of use can help organizations maintain accurate financial records, streamline operations, and achieve long-term success.

October 17, 2022 · Accounting Firm · (No comments)

Submitted by: Rakesh Sangani

In recent months, a number of organisations have announced new business process outsourcing contracts, new set up of captive shared service models, and acquisitions of either BPO firms or shared service centres. According to latest Everest research, BPO activity has increased by 15% in transaction volumes, and 33% in contract values. The captive market announced 38 new set ups, and M&A activity increased with 12 acquisitions (compared to 9 in the previous quarter).

This signals the turnaround is gaining momentum in shared services and outsourcing, and in a disparate market the competition is as intense as ever before. In particular, the banking and financial services is particularly active with a 41% increase in transactions (largely in banking). This coincides with the iGate CEO Phaneesh Murthy stating that while banking customers plan to increase offshoring, a lot of them will set up their own captive back office centres instead of working with a BPO provider.

i>Rakesh is a strategic advisor, solution architect and implementer of transitions and transformations. With a specialism in BPO, Shared Services and Offshoring, Rakesh has worked with CFOs, FDs and senior client executives in the private sector (including at Ernst & Young, Pitney Bowes, Orange, Barclays and RBS) and the public sector (across Health, Police and Government markets) in improving efficiency, effectiveness, cycle times and profitability.

Rakesh is a qualified chartered accountant, holds practitioner status in Prince 2 and MSP and is certified Lean Six Sigma. He was trained by Andersen, Deloitte and Accenture and is now a partner at a social enterprise management consultancy Proservartner providing strategic advice and focusing on operational solutions for leading FTSE 100 and Professional Services firms.

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Proservartner is a social enterprise management consultancy that partners with organisations to provide independent advice, discovery, guidance and implementation support.

Our brand is excellence and our value is our people. We hire capable talent, we have significant investments in training, and we ensure that excellence is delivered to all our clients we are even willing to risk revenues based on achievement of excellent outcomes!

We are unique in our social enterprise nature, having both a corporate and social objective:

Our Corporate Objective is to be the consultancy of choice for strategic advice, solution architecture, transitions and transformations in our chosen markets

Our Social Objective is to improve the lives of children in poverty areas through the provision of sustainable education and welfare.

Our focus is in Outsourcing, Offshoring, Shared Services and Transformation of Corporate Services. We deliver on these areas utilising experienced, qualified and passionate programme managers with experience across Lean and Six Sigma.

We provide a range of solutions to the market from transition management, process transformation, project & programme management and middle and back office strategy and optimisation. We also provide point solutions to provide timely benefit to our clients.

Our Core Values shape the character and personality of our company, guiding how we behave and make decisions. We have identified five key concepts which shape how we as a company treat our clients, operate internally, position ourselves in the industry. At Proservartner, we do not just aim to be trusted advisors to our clients but more than that, to develop friendships based on trust, excellence, and straight talking.

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For more details on Rakesh Sangani: www.proservartner.co.uk

About the Author: Rakesh has a specialism in BPO, Shared Services and Offshoring.A qualified chartered accountant, practitioner status in Prince 2 and MSP and certified Lean Six Sigma. He is now a partner at a social enterprise management consultancy Proservartner.More details on Rakesh

proservartner.co.uk

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