Transcript RENUKA INFOCOM PVT LTD - Accounting Outsourcing India

RENUKA INFOCOM PVT LTD
(ITES-BPO COMPANY)
AN ISO 9001:2000 CERTIFIED COMPANY
NEW DELHI
INDIA
TAXATION OUTSOURCING
ACCOUNTING OUTSOURCING
PAYROLL OUTSOURCING
TRANSACTION PROCESSING
SOX AUDITING
www.renukainfo.com
OBJECTIVE
We use our experience & expertise to help our clients for
their betterment and making them assured that every venture
is a success. The main objective of the company is to
undertake and carry on the business of providing all kinds of
Information technology based enable services in India and
Abroad. We do outsourcing for Taxation , Accounting & book
keeping , Payroll Accounting and Transaction Processing
Outsourcing Services for US ,UK , CANADA , AUSTRALIA &
EUROPEAN UNION.
PROFESSIONAL PROFILE
Within a small duration of 5 years Renuka Infocom Pvt.
Ltd. has become one of the India’s fastest growing business
entity to carry out Business Process Outsourcing (ITES
BPO) worldwide. Our specialty includes accounting &
book-keeping , Payroll , Taxation , Audit and
transaction Processing (AR & AP) for CPA’s , SME’s , LLC’s
and corporate houses. Our latest and sophisticated
technology allows us to deliver reliable methodology for our
clientage so that the complete outsourcing venture becomes
cost effective .
MANAGEMENT STRUCTURE
FCA, ROHIT GARG
He is an Associate Member of Institute of Chartered Accountants of India since 2004. He is actively
involved in the development of Outsourcing Business for Taxation, Accounting & Book-keeping ,
Payroll services for US,UK,CANADA & AUSTRALIA. With his support and ravishing guidance the
company has grown up many folds during the last 4 years domestically and internationally.
ACA,CPA,MBA GEETIKA GARG
She is active member of ICAI, Delhi since 2007 and CPA from USA and MBA finance from
Greenwich University London. She is looking after Outsourcing business for Taxation, Accounting and
Book-keeping for USA, UK and Australia. She is active member for worldwide outsourcing business
development
CREDENTIALS
• ISO 9001:2000 Certified by UKAS.
• REGISTERED UNDER COMPANIES ACT
1956 as an Private Limited Company.
• RECOGNISED BY INSTITUTE OF
CHARTERED ACCOUNTANT OF INDIA
• REGISTERED WITH DIRECTOR
GENERAL FOREIGN TRADE.
ACCOUNTING & BOOKKEEPING
- Accounts Payable
- Accounts Receivable
- General Ledger Adjustments
- Bank/Credit Card reconciliation
- Setting of chart of accounts
- Write up works.
- Cash and Accrual Accounting
- Complete Accounting.
- Preparation of financial statements.
- Monthly, Quarterly, or Annual Reporting.
TAXATION
US tax Return Preparation :
Form 1040,
Form 1040EZ,
Form 1065,
Form 1120,
Form 1120 S,
Form W2,
Form 1099,
Form 1041,
Sales tax returns
UK tax Return Preparation :
SA 100,
SA 800,
SA 900,
CT 600,
VAT returns
Canadian tax Return Preparation :
T1 & T2 returns
Australian tax Return Preparation:
Tax return & GST returns
PAYROLL ACCOUNTING
- Payroll Set-up in QuickBooks, Peachtree, Sage line 50, etc.
- Preparation of W1 , W2 , W3 Forms for US.
- Set up Payroll Items like, Hourly rate, Salary and Wages.
- Set up Payroll Withholdings like, Federal Withholding,
Social Security and Medical Insurance.
- Create Employees and designate them whether the pay check
is issued on a weekly, biweekly or monthly basis.
- Create Paychecks directly
- Generate Payroll liabilities (Taxes) due to the IRS & HMRC.
- Prepare 940, 941 Tax returns & Forms for US.
- Calculating of Standard deductions such as NI, PAYE, SSP,
SNP, SPP'S for UK.
- Filling of statutory forms P35, P14, P60, P45, P46, P32, P11D
& P9D for UK.
INFRASTRUCTURE
• IBM SERVERS.
• 2000 Sq. ft WORKING SPACE.
• 25 SEATERS DISKLESS SYSTEMS WITH DUAL TFT
MONITORS EXPANDABLE TO 50 SEATERS.
• SYMANTEC ANTI-VIRUS PROTECTION.
• 2 MBPS ONLINE CONNECTIVITY 24X7.
• UNINTERUPTED POWER SUPPLY 24X7.
• TOLL FREE CALLING NUMBERS FOR USA & UK.
• STATIC I.P. WITH ROUTERS FOR REMOTE ACCESSING.
• SSL PROTECTED FTP FOR SECURED TRANSFER.
• FIREWALL AND PROTECTED LAN SYSTEM.
• ORIGINAL OPERATING SYSTEMS.
• BIOMETRIC DEVICES FOR SECURITY CHECKS.
• PROFESSIONALY QUALIFIED MANPOWER.
BUSINESS MODEL
Renuka Infocom
believes in simple and
easy business model for
its Vendors. We provide
gamut of outsourcing
services depending
upon the needs and
infrastructure of the
Clients.
OUTSOURCING TECHNIQUES
GAAP ACCOUNTING
Generally Accepted Accounting principals are the accounting rules
used to prepare financial statements for public traded companies and
private companies in US. Security Exchange Commission (SEC) has
the ultimate authority over the Listed companies to present their
Financials Statement to Shareholders in GAAP so that potential
investors , creditors , etc. can easily compare the Financial Result over
the number of years for investments , financial decisions ,credits , etc.
Some of the commonly used US GAAP for reporting are as under :1.
Business Combinations , used for calculating of Goodwill.
2.
Cash Flow Statements , classified under Financing , Investing and
Operating.
3.
Transaction with Related Party.
4.
Earning Per Share , diversified under Basic (EPS) and Diluted EPS
5.
Disclosing the Effects or changes made due to changes in accounting
policies , method of accounting , adjustments and prior period items.
6.
Inventory Valuations.
SOX AUDIT
Sarbanes Oxley Act 2002 is incorporated, to have an Compliance check on
Audit. Act defines which records are to be saved for how much time period.
Thus along with the Accounting & financial department , IT Department also
comes into operations. SEC has imposed this Compliance audit to protect
the interest of Shareholders and investors.
All the Electronic records , electronic messages and business records must
be saved for a period of 5 years from the end of fiscal period in which the
audit has been done.
As a pert of Audit :1.
Check access control system.
2.
Review Database loopholes in DBMS.
3.
Review Password policy.
4.
Review Permissions set.
5.
Maintenance and Safe Recording of all the stored data.
ACCOUNTS PAYABLE &
ACCOUNTS RECIEVEABLE
• The accounts payable & receivable process pays an
important role under the accounting process. Companies
spend huge expenditure on maintaining accounting
system fool proof, which in turn is based on the Sale &
Purchase of the company from year to year.
• If the accounts department is not strong enough to track
the outstanding Payments & dues at the end of each
accounting period then huge cost is to be incurred for
tracking the exact payment to exact vendor at exact
time. Additional cost may be incurred like penalties on
late payment, interest, discount waivers, duplicate
payments, wrong payment to vendors or additional
payments, etc.
SOFTWARES
 ACCOUNTING SOFTWARES
QUICKBOOKS
PEACHTREE
SAGE LINE 50
MYOB
MYOB ACCOUNTANT OFFICE
HANDI LEDGER
NETSUITE
SIMPLY ACCOUNTING
ADP
 TAXATION SOFTWARES
TAXWISE
LACRETE
PRO SERIES
DRAKE
ATX
MYOB TAX
HANDI TAX
D T MAX
TAXCALC
DATA SECURITY
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LICENSE USE OF SYMANTEC ANTI VIRUS .
DISK LESS SYSTEMS WITH NO EXTERNAL DEVICES.
SEPRATE SERVER ROOM WITH RESTRICTED ACCESS.
PKI TECHNOLOGY FOR EMPLOYEE AUTHENTICATION.
DATA STORAGE AT 4 DIFFERENT OFFLINE LOCATIONS.
ONLINE DATA STORAGE.
PAPERLESS ENVIORNMENT.
SECURITY CHECKS BY CCTV AND BIOMETRIC TOOLS.
EMAIL SCANNING INCOMING AND OUTGOING.
DAILY AUTO BACKUP POLICY ON SEPRATE DISKS.
DATA ACCURACY
• QUALITY CHECKS POLICY.
Every transaction is being checked before it is uploaded to main
server by process managers.
• SEPRATE QUALITY CONTROL MANAGERS.
Their role is to rectify the uncorrected entries, figure out by the
process managers.
• FINAL REVIEWING POLICY.
All the processed data is finally reviewed by Qulaified hardcore
professionals & then uploaded on client server.
The above phases help us to provide ultimate data accuracy to
About 99.95% with 100% client satisfaction.
PRICING
WE HAVE FLEXIBLE
PRICING STRATEGY
FOR ACCOUNTING,
PAYROLL,TAXATION,
& TRANSACTION
PROCESSING
HOURLY
FIXED MONTHLY
FIXED QUARTELY
OVERVIEW FOR OUTSOURCING
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Reduces manpower cost by 50%-60%.
Get Expertise Hardcore Professional Skills at low cost.
Reduces Infrastructure cost by 40%-50%.
Get timely Preparation of Financial records.
Better Management Control.
Centralized Concentration of Complete Data.
Squeezing of Unwanted Managerial Hierarchy.
Improve Payment/receivable Cycle.
Building Vendor’s confidence.
Reduction in additional Liabilities.
Effective Debtors and Creditors Management.
CLIENTS
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CERTIFIED PUBLIC ACCOUNTANTS.
RETAIL CHAINS.
REAL ESTATE.
DOCTORS.
HOSPITALS.
ONLINE SELLING TRADERS.
GAS PUMPS.
IT COMPANIES.
RESTURANTS & HOTELS.
FITNESS CENTRES.
SME’S & LLC’S.
COMMUNICATION
• TOLL FREE FOR USA
1-866-682-8799
• TOLL FREE FOR UK
0-808-234-4244
• SKYPE
renuka.infocom.pvt.ltd
• FILE TRANSFER PROTOCALL
[email protected]
• EMAIL
[email protected]
PRESENTED BY
CA,ROHIT GARG
CPA,CA,GEETIKA GARG
RENUKA INFOCOM PVT LTD
314 AGGARWAL MILLENIUM TOWER,
NETAJI SUBHASH PLACE,PITAMPURA,
NEW DELHI , INDIA -110034.
PH : 91-11-27351199.
GSM : 91-997-167-7799.
FAX : 91-11-27351818.
EMAIL : [email protected]
www.accounting-outsourcing-india.com
www.renukainfo.com
THANKYOU
@copyright reserved Renuka Infocom
Pvt. Ltd.