Presentation on theme: "Accounting back office partnership proposal"— Presentation transcript:
1 Accounting back office partnership proposal Dr. Shobha Gupta | President| S3G, LLC
2 Outsourcing goals Bottom-line Up to 60% reduction in back-office costs.Top-lineFocus your time on generating revenue/acquiring clients.Spend less time hiring, training, and managing.Typical CostsBookkeeping: from $15/hrGeneral Accounting: from $35/hrLitigation support TBDCPA services: from $50/hrInsert a map of your country.
3 S3G services overview Accounting (Back-office Support) Bookkeeping, accounting, and tax preparation for individual and group practicesLitigation supportBusiness evaluationPayrollAudits, SOx……Business Process Improvement ConsultingBusiness Process AuditProcess OptimizationProcess AutomationInsert a map of your country.
4 Outsource the following fully managed Accounting Services to S3G: expertiseBookkeepingAccounting data entryAccounts Receivable/ Payable Management Bank and Credit Card ReconciliationTrial BalanceCustomized Financial Statements Accounting ServicesYear End AccountingFixed Asset ManagementBusiness audit/evaluationsInventory control and analysisLegal search, e-discoveryIPROutsource the following fully managed Accounting Services to S3G:Tax PreparationPersonal & Business Tax Returns1040 preparation support for Accounting firmsPayroll and Sales Tax ReportingYear-End Tax PlanningAccounting SystemsOnline and Off line system set-upHW /SW consultingBookkeeping and Tax filingTraining
5 BenefitsMost competitive pricing as our staff is based in medium sized cities in India( Indore, Kanpur ) where the infrastructure/education levels are equal to large cities, but the cost of living is much lowerClient interface (S3G) is based in FloridaTrust - built with over 25 years of ongoing relationships with staff in IndiaHighest level of professional service – our staff are retained for long-term assignmentsConfidentiality assuredOngoing programs to continuously improve our service through innovation and automationInsert a map of your country.
6 Bookkeeping process flow CPA: Bank statements, invoices, and other documents received by CPA from the clientCPA/S3G: Documents scanned and e-files compiledS3G: Scanned images and PDF files reviewed and uploaded to secure server. Project Manager granted access to filesIndia Team: Project Manager reviews files and assigns tasks to India TeamIndia Team: File access provided to trained Bookkeeper(s)India Team: Data entered on-line or off-line into the Software system agreed with CPA/clientIndia Team: Data reviewed by Chartered Accountant and 2-level Quality check performedIndia Team: Report and/or e-files sent to CPA/client. S3G manages tracking of progress and deliveryInsert a map of your country.
7 1040 process flow Insert a map of your country. CPA: Documents received by CPA from clientCPA/S3G: Documents scanned and e-files compiledS3G: Scanned images and PDF files reviewed and uploaded to secure server. Project Manager granted access to filesIndia Team: Project Manager reviews files and assigns tasks to India TeamIndia Team: File access provided to trained Tax PreparerIndia Team: Tax Return prepared using Software of CPA/client’s choosingIndia Team: Data reviewed by Chartered Accountant and 2-level Quality check performedIndia Team: Tax Return softcopy sent to CPA. S3G manages tracking of progress and deliveryInsert a map of your country.
8 Data security assurance Data transfer via secure password-protected web portal, or use of online Software tools as per client business modelOnly authorized persons have access to client data - no paper allowed in work areasSpecific accounting staff allocated to specific clients/projects. Staff are all permanent.Security and authorization similar to on-site accounting firms with multiple staff dealing with same clients i.e. controlled log-in and confidentiality commitmentInsert a map of your country.
9 Partnerships: critical success factors Key contact in same time zoneTrained and experienced teamSkill-set in accounting and toolsClient information confidentialityClearly defined logistics and rules of engagementQuality assurance: monitoring and improvementUp-front agreement of terms and conditions to include turn around time, accuracy, and efficiencyCross training between various sitesReliable IT supportInsert a map of your country.
10 Outsourcing Business models Hire fully supervised manpower on hourly/monthly/yearly ratesHire dedicated manpower on monthly ratesFixed per-project costs: $$ agreed up-frontOpen to other business-models…Insert a map of your country.
11 Partnership business model scenarios Accounting Team works as marketing arm of S3GFind clients and negotiate projectsSign contract with clientHand over to S3G to manage the contractCommission paid per payment received or a fixed upfront commissionAccounting Team works as the Client interfaceAccounting Team maintains the client interface. S3G manages the OperationsAccounting Team pays S3G for contract workAccounting Team works as Project ManagersS3G assigns resources in IndiaAccounting Team manages the OperationsCommission paid to S3GInsert a map of your country.
12 Let’s Partner……. Agree Partnership business model Define responsibilitiesAgree rules of engagementInitiate a Pilot run with known clientPilot process review, standardize the processLaunch the process for more clients…Insert a map of your country.12
13 Contact infoDr. Shobha GuptaPresidentOffice: (954)Ashish GuptaSales ManagerOffice: (954)Insert a map of your country.