General Business and Finance Blog

Do you want to have an internet business but have no idea what you want to do? There are many people that have this problem. Finding business ideas online is not hard to do at all if you know where to look for them.

The best way to find them is to use the search engines. Today search engines provide very accurate results for their searchers.

If you don’t want to take the time to look for business ideas then you can use the ideas below to start your internet business.

One: Start a freelance writing business. There are many people online that are looking for content for their websites, blogs and advertising needs. You will definitely be able to use your skills to start making money with your internet business if you know how to write. You can find people that want you to write articles, reports, press releases, eBooks and many other things.

Two: Do you build good, quality websites? Then you can always start a web design business. This is just like the writing business idea. There are so many people online looking for websites but they don’t know how to build them, don’t have time or just don’t want to do it themselves. So they are always willing to pay someone else to do it for them.

Three: Set up your own store online selling different products. Believe it or not you can actually do this without having to store any of the products yourself and is not that complicated. There are companies online that will let you sign up with them using a dropship account. This means that you sell their products from your website and then send them the order for it. They will deliver it to your customer and handle everything else for you. All you need to do is to advertise your website, order the product from the dropship company and collect your money. Plus, this is one of the business ideas that you can start for free.

These are just a few of the many business ideas that are available online. You just need to be willing to take the time to look for it in order to find the right idea for you.

One thing that you want to remember when you are looking for the right business is that if you find an internet business that you are passionate about, you will have a much higher chance at making it successful.

Home businesses are extremely popular these days and their popularity continues to grow. Individuals are expressing an interest in this type of work as it provides them with a certain level of freedom that a normal 9 to 5 job may not provide them. They can work from home, stay home with their children, avoid long commutes and be their own boss. When considering these aspects, it is easy to see why this type of work is such a popular choice. For those who wish to learn more about home business success stories as they contemplate getting involved in this line of work, there are a few places where such stories can be found.

Read Home Business Success Stories on the Internet

The Internet is a wealth of knowledge just waiting for interested parties to take advantage thereof. There are many websites, forums and chat rooms which detail this type of business and provide an avenue in which home business owners can chat with one another and perhaps pick up good tips as well. Home business success stories are also readily available on websites relating to this topic and one is sure to find a number of stories to bide their time with.

Purchase Home Business Books

Books which relate to home businesses are also continuing to grow in number. Since more and more individuals are starting their own home businesses, there are more individuals who are writing books about the subject and detailing their success stories relating to such. Home business books are beneficial for a few different reasons. One who reads home business books will find that these books describe the business for the reader. This will provide the reader with valuable information as to running a home business. Also, home business books are beneficial as they provide success stories for the reader. These types of success stories are ones which will provide the reader with the confidence that they too can start up and run a successful home business. One will find a large variety of books which detail home businesses as well as home business success stories.

Friends and Family Members

Lastly, home business success stories can be gained from friends and family members as well. Since home businesses are so popular, one may know someone close to them who runs a home business and they can listen to the success stories told by these individuals. Home business success stories provided by friends and family members are quite valuable as they are coming from a trusted source and many times the individual inquiring about such stories have seen the success stories personally.

Conclusion

Learning about home business success stories is a great thing to do as it provides individuals not only with tips for their own businesses but the confidence to pursue their goals and dreams relating to running their own home business.

Every year, different colleges and universities from all over the world produce graduates with different college degrees. It only means that every year, the unemployment rate increases and very few newly-grads land a job. It is very important to choose the college degree that you’re going to take to ensure your professional career in the future.

Among the top college courses of degree is accounting. Accounting involves different tasks which include keeping track of income, assets, liabilities, and a lot more. You can learn more about these tasks if you choose an accountancy course.

In accounting, you will learn a lot of things like how businesses and companies work. Successful businessmen are accountants one way or another. You see, accounting is essential in businesses. It is a way of evaluating the business situation, whether a company is losing or earning profits.

In short, the business’ language is accounting. All business activities are quantified through accounting and this is where all business reports are derived and later on, communicated to the management level. What career opportunities can you expect if you’re a graduate of accountancy?

 

1. Public Practice – if you become a CPA, you can do public practice. You can give your services to clients in exchange for an affordable fee. Usually, CPAs work in partnerships and they offer their services to businesses, governments, and even to individuals. The job responsibilities of an accountant in public practice will usually include auditing, taxation, management advisory services, etc. You can gain a lot of work experience in this field.

 

2. Education – accountancy graduates can also teach after they get their methods of teaching. They can become a researcher, reviewer, and a professor. If you choose this profession, you can learn a lot of things. You can clear out certain accounting issues, conduct research, and then distribute the results.

 

3. Government service – you can look for job opportunities in the state or federal level. Government accountants are responsible for tracking costs, budgets, and analyzing the various government programs that involves huge amounts. Being a government accountant can give you the chance of improving the conditions of the poor however, due to political influence, your will experience bureaucratic impediment.

 

If you want to become a government accountant, you have to think twice because the public usually think differently of those in position. But it doesn’t really matter what other people think as long as you’re doing your work honestly and effectively.

 

4. Commerce – accounting groups are maintained by corporations, whether big or small. The groups of accountants prepare and organize all the financial statements, handle tax issues, track costs, handle international transactions, and a lot more.

 

After years of being a member of the accounting group, you will have your chance of becoming the department head or you can be promoted as the cost accountant, budget officer, chief accountant, or even the company auditor. The size of the corporation determines the various responsibilities of the accountant.

 

Now you know that by taking up a course in accounting you will be offered a myriad of opportunities in the future. You must be able to choose the right career path. Before making a decision, you have to consider the responsibilities and nature of work of a certain accounting career.

 

Choose the one that you like most and one that you’re passionate about.

 

Now I am going to give you 4 killer best internet marketing strategies to grow home-based businesses that make money from home business like crazy. I’ve been asked that which home based best internet marketing strategies internet entrepreneurs should use. Which ones are the best home based internet marketing strategies to grow home-based businesses that make money from home business?

My final answer is: you must TEST and FIND your best home based internet marketing strategies for your own online business. However, I strongly believe that to build highly profitable home based business online from home need the appropriate sequence of steps. You must follow EXACTLY that steps sequence.

Nevertheless, you’ll discover 4 killer best internet marketing strategies to grow your home-based business that make money from home business like crazy. Also, those strategies are your answers why you can’t make a lot of sales and make money from home business. (1) Always improve & optimize your website to get higher conversion rate

You must improve & optimize your website and sale copy always. You have to test which website or sale copy are suitable for your home based internet marketing business and make a lot of money for you. My highest recommendation is to focus on your sale copy and how simple your website is. Also, you have to monitor and keep track your progress and results in order to get the most effective improvement and optimization.(2) Work hard on your email marketing strategy to improve your backend selling system

One of the top secrets to make money from home business fast is backend selling system. Remember, the great backend selling system you have, the more make money from home business online business you get! I am sure that it is easier for you to sell your products or services (even affiliate products) to your EXISTING buyers than new promising customers. My highest recommendation is to focus MORE on your email marketing strategy. You have to turn you GOOD email marketing system to GREAT backend money machine system.(3) Write high quality articles and submit to several article directories

No doubt with this home based marketing strategy! I strongly believe that the article marketing business strategy is one of the best internet marketing strategies to increase your profit and your reputation in your specialized areas. However, I would love to recommend you to write the high quality and well written articles with your top-performing keywords. This will help you increasing your profits dramatically!(4) Setup your own affiliate program and find partners

For internet entrepreneurs, I highly recommend you to setup your own affiliate program even you have your own profitable home-based businesses. I can guarantee that setting up your own affiliate program can boost your profits online rapidly. Additionally, joining the partners ventures are great idea to drive more traffics to your website and build your home-based businesses that make money from home business.

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Finally, you’ll increase your revenue online from home through the above 4 killer marketing strategies. You have to take action today to start earning more money online at home. Those 4 killer strategies will definitely help your home-based businesses that make money from home business like crazy! Remember, the highly successful home based internet marketing business is the consequence of taking those steps into the action.

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*Reprint Policy: Reprint in full with writer’s name, contact information, active links and brief bio.

The internet has opened up a plethora of opportunities for entrepreneurs to pursue. With so many home based business ideas to choose from, the internet has exploded with new web sites and businesses. And because of the numerous options, you have the ability to pick and choose how you make money online. Here are five home based business ideas to take into consideration.

1. Web design

You would be amazed at the number of people who have ideas but do not know how to build a web site. While more and more people are learning about the internet, for many it just is not quick enough. There is a great deal of money to be made off of designing and building web sites. Although it can be expensive to purchase the software and hardware, you can quickly make back your money.

2. Article writing

As with web design, there are a number of people that either do not know how to write efficiently or do not have the time to devote toward writing. And regardless of what type of site you have, quality content is essential. You can use articles for content on your own web site, marketing purposes, and for networking. This has been and continues to be one of the top home business ideas.

3. eBay

Can you believe people are making money off of selling their own “junk?” Not only are people making money, but many are turning eBay into an actual business. Some purchase limited items at retail value and then turn around and sell it for twice the price on eBay. In its short existence, eBay has made its presence heard.

4. Pay-Per-Click advertising

This home based business idea has been around for awhile and is slowly dissipating. Despite the fact you cannot make near as much money as you used to be able to with PPC advertising, it is still an easy way to make money on the side. All you have to do is sit back and watch people click on your ads.

5. Affiliate marketing

There are thousands of affiliate programs to choose from on the internet. After finding a few programs you are interested in, get out there and start promoting them heavily. The more marketing you do the more sales you will generate. And for every sale you make, you will earn a commission.

There is no other industry in the world that offers as many opportunities as the internet does. With so many home based business ideas to choose from, you can choose a field you have experience in and are interested in at the same time.

Does this ever happen to you when it comes to your favorite MMORPG? You get all excited when the new EverQuest expansion pack comes out, you play for a month or maybe a little more, and then “real life” gets in the way and you can’t seem to squeeze in more than a few hours of work on your EverQuest Accounts each week. When you do play, your EverQuest Accounts are so low-leveled compared to everyone else’s, you can’t keep up with your friends!

Struggling to compete with friends using the low-leveled characters in your EverQuest Accounts—the result of being unable to devote hours and hours every day to leveling up your everquest accounts’ characters—is one of the biggest reasons people fall behind and quit EverQuest altogether. Just like how it’s difficult to pick up a tennis racket or a violin after months or years of no practice, it can be really hard to summon the motivation to develop your everquest accounts when you haven’t been keeping up with them.

That’s where a professional MMORPG Accounts Store, one from which you can buy WOW Accounts, FFXI Accounts, Eve Accounts, Lineage 2 Accounts, and of course, EverQuest Accounts, is the perfect way to get your motivation back and remember why you started developing everquest accounts to begin with!

Now, no one would recommend you “cheat” and “skip” ahead when doing most things—when it comes to something like cross-country running, it wouldn’t even be possible for you to jump from running the half mile in 10 minutes to 4 minutes the next day—but that’s just the thing about buying EverQuest Accounts online: it really does work that easily!

Could you imagine the possibilities of playing with everquest accounts with a level-80 Wizard Dark Elf or a level-80 Guardian Barbarian? Would you ever feel out of the loop even after days of being unable to log on? Heck, would your friends start being jealous of you? Could their EverQuest Accounts top a level-80 Monk Human only one kill away from having his mythical weapon?

Full-time MMORPG Account Stores are the way to go if you want to buy WOW Accounts, Eve Accounts, Lineage 2 Accounts, FFXI Accounts, and EverQuest Accounts. They make it easy for you to start playing with brand-new everquest accounts and characters within about a day—or, oftentimes, within minutes! You get a wide selection of EverQuest Accounts, WOW Accounts, FFXI Accounts, Eve Accounts, and Lineage 2 Accounts to choose from. Talk about easy comparative shopping!

Plus, real MMORPG Account businesses often offer real guarantees on their EverQuest Accounts. That means you’ll get exactly what kind of everquest accounts you pay for in under the amount of time promised—or your money back.

Try buying EverQuest Accounts from a stranger on a forum or auction site and see what kind of “guarantees” you’ll get. You might get lucky, but are you willing to spend dozens, even hundreds, or possibly thousands of dollars on overpriced everquest accounts and not get the quality you expect? What if you don’t get the EverQuest Accounts you paid for after weeks or even months? What if you never get them at all and there’s no way you can get a hold of the scoundrel who made off with your money? No Shadowknight Halfling will be able to help you now!

The reason you would turn to an MMORPG Account Store to buy WOW Accounts, Eve Accounts, FFXI Accounts, Lineage 2 Accounts, or EverQuest Accounts is because you want to be able to play with incredible everquest accounts now! Start playing with EverQuest Accounts that’ll inspire you to return to Norrath again, with your head and your Claymore held high!

Accounting or accountancy is one of the most promising types of profession today. It is always in demand and the career opportunities here are huge. If you are considering a profession as an accountant, then you will definitely see that this will change your professional life.

First of all, you have to know how you can start in the accounting field. Here are some tips that will be able to point you the right way to success.

The first thing that you have to do is decide on the field of accounting that you are interested in. There are basically lots of different fields in the accounting career and you will surely find the right one.

It is also a good idea to research about information related to accounting or accountancy, such as the college or university you are going to take the course in. You have to consider that companies are quite picky when it comes to the college or university that accountants graduated in. Also, by doing this, you will be able to know which college or university offers quality education particularly on accountancy.

Try consulting accounting professionals and teachers who are knowledgeable about the subject. They will be able to give you a lot of information coming from their experience.

If you plan on pursuing a career in accounting, then you have to enroll in a bachelor’s degree in accounting. Even if you are good in accounting, you can never have a good job if you don’t have at least a bachelor’s degree.

After graduating, don’t set your ambitions too high. Always remember that everyone starts small and work their way up to their goals. Start off as a junior accountant or as a trainee. This will not only give you a chance in the accounting career, but it will also provide you with valuable experience as well as knowledge about accounting.

Always remember that accountancy is a continuing education. As much as possible, you have to update your knowledge about accounting in order to keep up with the standards of the industry.

As mentioned before, there are lots of career opportunities in accounting. There are many fields of accounting and it is up to you to choose which one you want to take on as a career.

After college, you will be able to qualify for a certified public accountant or as registered public accountant license. Even though you can still get a job as an accountant even if you don’t have any license, you have to remember that more opportunities will open up if you have one.

In this profession, you can become an auditor, a management consultant, a financial officer, an analyst, and even as a tax accountant.

Being independent or being a freelancer in this field can also be a promising career. However, you do need a good network of contacts in order for you to earn more money and get more experience.

You can also try other specializations in accounting, such as forensic auditing where you will be responsible for investigating crimes related to company’s finances as well as tax fraud.

Another great career choice for accountants is by simply becoming a teacher of accounting. This is a very rewarding career choice.

As you can see, there are quite a lot of career opportunities for accounting or accountancy. All you need to do is follow the mentioned tips and you can be sure that you will be well on your way in to becoming a successful accountant in the field you choose.

It’s tax time and everyone is feeling the pain. There is a widely unknown source of write-offs for any every day person. Having a home business allows anyone to take the write-offs that the Corporate Giants get. Yes, you can get great business deductions with a home business! The best thing about a home business is that you probably will not have nearly as much overhead as a traditional brick and mortar business. You do not have to pay for office or business space; just pay your rent along with your other bills. And you can get all of the tax write-offs those corporate giants get with your home business. Plus, you are working as an independent, which means you get to manage your own hours, work where you want, take time off when you need it, do the work you love to do, and more.

Tax Advantages for the Home Business Office

Home businesses have many tax advantages and benefits. Here is an example of some various home business deductions you can take advantage of:

Home Office Deductions -

If you use a room in your home or apartment for your business office, you can take the home office deduction. You simply need to use one space in your home for work for your business solely, and nothing else. This will have you qualified to take the deduction. To make sure that you will qualify for the home office deduction utilize one room in your home as your work office, and use it for nothing else.

Home Office Renovation Deductions -

If you make any upgrades to your home office you can deduct those expenses in your taxes. For example, if you paint your home office, fix something, have an addition created, or any other renovations you can write-off those expenses in your taxes.

Property Cost Deductions -

You can also write-off a portion of your rent or mortgage payments for the year due to your use of your home office. You will need to figure out how much square footage your home office is in relation to your entire home. Then you can calculate how much you can deduct depending on how much you pay in rent or in your mortgage.

Tax Deductions for a Home Business -

There are so many deductions to take advantage of. You should make yourself fully aware of all of the tax write-offs you can take advantage of. Here is an outline of those many possible home business tax write-offs.

Home Office Security -

If you keep your home office under security, such as by using a security alarm system, using camera monitoring, or other similar ways to keep your home office safe, you can probably write-off those expenses in your taxes.

Utility Expenses -

The cost of your electric payments can be deducted for as much electricity you use in your home office. You will have to calculate how much you spend on this in order to deduct those expenses. If you pay for a business telephone line, you can write-off that expense.

Transportation Expenses -

You can deduct your expenses for traveling to destinations to conduct business, such as going to the bank, visiting a client, dropping off paperwork – anything you do when you run errands for your business – you can deduct those expenses. If you move into a new home during the year you can deduct the expenses of moving the business part of your home.

Miscellaneous Home Business Deductions -

When you entertain clients or meet them for dinner, you can deduct the travel costs, as well as the cost of the meal or entertainment. Usually you can deduct up to 50% of these expenses.

When you buy something such as software, office supplies, and etc. you can deduct those expenses because they are a direct expense of your home business. Do you want a new computer? You can deduct a new computer, printer, scanner, or any other office equipment you use. Do you contact clients via internet or have a business web site? Deduct your Internet Provider, hosting costs, and your Domain name costs.

Have you taken any classes, seminars, or other training that is directly related to your home business? You can deduct those expenses.

How to Manage Home Business Taxes -

The one main key to getting all of the home business tax write-offs is managing your home business taxes well. You will need them well maintained and well organized. You need to keep records of all of your expenses in order to be able to take advantage of those home business deductions.

Receipts: Keep receipts from every expense you have throughout the year. You will need these so you can show that you did pay for these business costs.

Travel Logs: In order to take advantage of the travel deductions you will need to keep a log (best kept in your vehicle) of where you travel, why you are traveling there, the time and date, the starting mileage, and finishing mileage.

Maintaining Your Home Business Taxes Throughout the Year -

As mentioned above, it is advised that you keep your receipts and logs well maintained throughout the year by keeping them well organized. You can do this by starting some files for each month or quarter and track your expenses for each amount of time. Keep them all calculated for the period of time you choose so that when tax time comes around you won’t have to do as many calculations all at once.

Having your own home business has numerous benefits from all ends, and the best one may just be the tax write-offs you can take advantage of!

It would not make much sense working at home doing something that you do not really enjoy, so firstly, before deciding which home business is best suited to you, find your who *you* are. You need to consider the things you are good at and list your skills, hobbies, personality, likes and dislikes.

This discussion will help guide you with some great ideas for your own home business. Here are a few questions to ask yourself to zero in on what business ideas are well suited for you.

Are you a creative person?  Event planning such as weddings, corporate events, birthday parties may be may something to look into.  Perhaps you are already into the internet so maybe web design would be great for you. What about photography or creating your own custom gift baskets. A creative mind allows for endless home business possibilities.

Is business your ‘thing’? You may be like many others and not like having a boss, but you have a head for business. Administration and keeping books is what you like to do. Have you considered doing accounting work for other home businesses? As more people look to work from home on a full-time basis, they will need some of these tasks done for them. Being a consultant is another option if you already have a specialty.

Are you a writer? How about writing an e-book (a book written and delivered in digital format) and selling it online? The one thing that drives the Internet is the desire for information. If you have a knack for writing, then you should have no shortage of potential income. Proofreading and ghostwriting are also viable ways to earn an income from home. Your expertise, reputation and demand will determine how much you can charge for any writing.

Are you a marketing person?  An online affiliate marketing business may be the choice for you.  Set up your own website, join a number of reputable affiliate programs and market several products at once to generate multiple streams of income. 

Are you task oriented? Even those who are not creative can do very well. Something as simple as setting up a reminder service is ideal for those that are task oriented. People often need research done, or data analyzed and are willing to pay for it.

These are just a few ideas to get you thinking. You know yourself better than I do. Get to know yourself and ask yourself the tough questions.  Consider the time spent doing this as an investment in your future.

Knowing who you really are will help you build a home business that you are happy with. It really is possible. Every day, new people are discovering how fulfilling owning their own business and being their own boss can be.

Also there are so many intangible benefits of being your own boss. Setting your own schedule, flexibility, and more time to do the things you love are high on the list. Now that you have some idea of what types of businesses are a good match, you can explore the home business ideas further. Soon, you may find yourself without a boss, doing something you love from your own home.

Owners/CEOs of mid size enterprises have two challenges:

(a) Facilitate growing their enterprises without compromising on the “nimble footedness” that got them to where they are and yet put in place processes that are absolutely necessary to enable to the business handle volumes far bigger than their current size; and

(b) Keep costs trimmed and aligned to business volumes

In other words, be capable of growing with processes that are necessary to scale up; and yet remain profitable without ballooning overheads.

Outsourcing your back office processes, especially accounting services, is a step in the right direction. Increasing pressure on profits is driving more and more midsize enterprises to look at outsourcing to cut costs and improve competitiveness in market place; something that Fortune 500 enterprises have been doing with success for the last ten years.

Can accounting be outsourced?

You would be surprised at how easy it is to outsource accounting.

o You keep your accounting system in your computers in your premises.

o You scan all incoming documents and store them as digital images.

o Your accountants, located outside your enterprise, access your computers in a safe/secure way, read the documents, process them according to your business rules and update your accounting records.

o When you enter your office, your inbox contains reports that you can print and read; checks you should print and sign; and queries that require resolution.

Just that simple!

Your first decision: What to outsource?

Your finance function comprises:

(a) CFO function focused on maximizing stockholder wealth by helping you make right decisions on pricing, resourcing, investment, funding and dividends; by ensuring your business generates the anticipated cash and this cash is deployed in the right direction

(b) Management accounting who help you plan the business; provide analytical support

(c) Treasury which manages the cash and

(d) Financial accounting which

a. maintains the books of accounts,

b. processes sales orders, sales invoices and receipts; monitors accounts receivable

c. processes supplier invoices and payments; monitors accounts payable

d. processes payroll, expense claims etc

e. prepares financial statements and other internal reports

Financial accounting (or any part of it) can easily be outsourced. This would step up service quality. A hare that runs for its life always runs faster than a lion running for its lunch; independent third parties would always be more focused on service (without losing emphasis on control) than in house accountants.

Your second decision: Who should do your work?

You should look for someone with experience in serving midmarket enterprises. TaurusQuest (www.taurusquest.com) have unique strengths here.

TaurusQuest have a track record in serving midsize enterprises in the United States; and have been ranked 4th worldwide in providing finance/accounting services to midsize enterprises by the Black Book of Outsourcing.

We understand small and mid market enterprises better:

CEOs of mid market enterprises are looking at outsourcing of back office processes as a strategy to remain competitive (against larger players and peers) and protect their margins.

If you are a mid market enterprise, you need to be twice careful in the choice of your vendor for outsourced services. The vendor should understand the need for the enterprise to be flexible and nimble footed in managing the processes and provide an entrepreneurial understanding of your opportunities.

We at TaurusQuest understand small and mid market enterprises better. We recognize that upfront investments need to be small; value realization should be reasonably quick; processes may not necessarily be structured and disciplined.

We have a track record of success in growing with our customers in this segment.

We have been placed fourth worldwide for customer satisfaction and operational excellence in our most important business: providing accounting services to mid market enterprises by a US based publisher of global league tables based on independently conducted customer surveys for 2007.

We were awarded this when we were at the finance/accounting services division of Quscient; now we are an independent corporate entity

We consider this a testimony to our credentials for “delighting” our customers.

Accounting services that can be outsourced:

A wide range of accounting services including:

· Maintenance of:

o books of accounts

o receivables and payables ledger

o cash/bank book

o inventory

· Processing of:

o sales invoices; monitoring collections

o supplier invoices; coordinating payments

o payroll

· Effective control/traction:

o prompt/accurate bank reconciliation

o cash flow forecasts

· Preparation of business intelligence reports

o financial statements

o analytical reports

· Decision Support in

o Pricing for new programs

o Resourcing (both assets and people)

TaurusQuest’s track record in accounting services:

TaurusQuest provides accounting services for more than 40 clients in United States. Some examples:

(a) Complete accounting services for an office space décor and furniture provider in New York

(b) Complete accounting services for a chemicals manufacturer in Chicago

(c) Complete accounting services for an architect practice in Atlanta.

(d) Complete accounting service for a chain of gas station franchises in Tucson

(e) Maintenance of General Ledger for a non government charity organization in Phoenix

(f) Sales invoicing and receivables monitoring for a properties and casualty insurance provider in New York

(g) Supplier invoices processing and payables for a manufacturer of industrial products in Chicago

(h) Branch accounting for a US software services business in Chicago

(i) Preparation of financial statements for professional clients of a CPA in Princeton.

TaurusQuest’s expertise:

TaurusQuest has expertise in:

(a) Aligning accounting systems to business requirements (right granular level of profit centers, cost centers for recording income/expense etc)

(b) Operating business controls (evolution of and compliance with business rules, authority; and validation of evidence)

(c) Accounting standards (we have expertise in US GAAP as well as IFRS)

(d) Operating a variety of accounting systems including Microsoft Great Plains, Quick books, SAP, Oracle Financials etc

Our senior employees have post graduate professional qualifications in finance/accounting. Our frontline service providers have at least an undergraduate degree in finance/accounting.

How does outsourcing work?

An accounting system is eventually about various business documents being inventoried, processed to certain business rules and updated into books of accounts. Outsourced provision of accounting services works as below:

(a) You get a high speed scanner and get all business documents (purchase orders, supplier invoices, goods arrival reports, sales orders, delivery reports, sales invoices, collections, payments, expense reports, payroll inputs) scanned and stored into a computer in your premises (preferably in an off-the-shelf inexpensive document management system)

(b) Your accounting system is stored in a computer (oftentimes the same computer) in your premises

(c) You get the computers connected to internet by using your local ISP (of course you get a firewall to protect your system; we can help you with the technology bit)

(d) We access your computer remotely from our service delivery center, read the scanned images, process/archive the document images, and update the accounting systems.

(e) Your accounting system is ready to provide the information you need. The reports you need are prepared and kept in a safe area for you in the computer.

(f) Depending on the level of sophistication you need, you could get the payments effected online by confirming the checks we have created online for you or print the checks physically, sign and disburse.

(g) You get to use the same accounting system and same processes you follow now. Your data and your documents stay all the time within your premises. We do not house your accounting system or data in our premises.

(h) Our accountants work during your night time; but you get to have at least 2 hours of interface with them each day (oftentimes from 9 am to 11 am your time).

(i) Our accountants work on a “dedicated” basis. You get to work with the same person all the time. We are different in this respect. We believe this increases the bonding between the accountant and the user group.

(j) Our accountants are reachable by closed loop VOIP phones by dialing a US number from your premises. All our senior executives carry blackberry devices; emails are promptly responded.

How much would it cost?

Upfront investment is restricted to: (a) A high speed scanner (b) An off-the-shelf document management system (c) A firewall software (d) A connection to your local ISP

You don’t pay for anything else (including the telecommunication bandwidth to our delivery center).

Recurring costs are confined to our invoices for services. These can be in any format: (a) % of your revenue (b) $ per sales/supplier invoice (c) $/hour of accountant’s time (d) $/month per accountant deployed

According to an analyst, “customers tend to save at least 50% of the total cost (salaries, benefits, facility costs etc) on outsourcing accounting services” from Day One.

Benefits from outsourcing:

· From Day 1 your costs come down by 50%. No big upfront investment.

· Your processes get streamlined. The quality of business processes go up. You become an efficient enterprise.

· Your customers and vendors are delighted because invoices are prompt; statements are prompt; payments are prompt.

· Your management is delighted because analytical reports are prompt.

· You get the benefit of best of breed practice from experts.

Why TaurusQuest?

TaurusQuest is a customer centric organization.

TaurusQuest has been acknowledged as within the top four positions in the world in providing accounting services in terms of customer satisfaction and operational excellence.

We focus on your enterprise value; your competitive advantage; your revenue growth; apart from high quality processes and cost advantages.