Accounting back office partnership proposal
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Accounting back office partnership proposal. Dr. Shobha Gupta | President| S3G, LLC. Outsourcing goals. Bottom-line Up to 60% reduction in back-office costs. Top-line Focus your time on generating revenue/acquiring clients. Spend less time hiring, training, and managing. Typical Costs

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Accounting back office partnership proposal

Accounting back office partnership proposal

Dr. Shobha Gupta | President| S3G, LLC


Outsourcing goals

Outsourcing goals

  • Bottom-line

    • Up to 60% reduction in back-office costs.

  • Top-line

    • Focus your time on generating revenue/acquiring clients.

    • Spend less time hiring, training, and managing.

      Typical Costs

      Bookkeeping: from $15/hr

      General Accounting:from $35/hr

      Litigation supportTBD

      CPA services: from $50/hr


S3g services overview

S3G services overview

  • Accounting (Back-office Support)

    • Bookkeeping, accounting, and tax preparation for individual and group practices

    • Litigation support

    • Business evaluation

    • Payroll

    • Audits, SOx……

  • Business Process Improvement Consulting

    • Business Process Audit

    • Process Optimization

    • Process Automation


Expertise

expertise

  • Bookkeeping

  • Accounting data entry

  • Accounts Receivable/ Payable Management 

  • Bank and Credit Card Reconciliation

  • Trial Balance

  • Customized Financial Statements 

  • Accounting Services

  • Year End Accounting

  • Fixed Asset Management

  • Business audit/evaluations

  • Inventory control and analysis

  • Legal search, e-discovery

  • IPR

Outsource the following fully managed Accounting Services to S3G:

  • Tax Preparation

  • Personal & Business Tax Returns

  • 1040 preparation support for Accounting firms

  • Payroll and Sales Tax Reporting

  • Year-End Tax Planning

  • Accounting Systems

  • Online and Off line system set-up

  • HW /SW consulting

  • Bookkeeping and Tax filing

  • Training


Benefits

Benefits

  • Most 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 lower

  • Client interface (S3G) is based in Florida

  • Trust - built with over 25 years of ongoing relationships with staff in India

  • Highest level of professional service – our staff are retained for long-term assignments

  • Confidentiality assured

  • Ongoing programs to continuously improve our service through innovation and automation


Bookkeeping process flow

Bookkeeping process flow


1040 process flow

1040 process flow


Data security assurance

Data security assurance

  • Data transfer via secure password-protected web portal, or use of online Software tools as per client business model

  • Only authorized persons have access to client data - no paper allowed in work areas

  • Specific 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 commitment


Partnerships critical success factors

Partnerships: critical success factors

  • Key contact in same time zone

  • Trained and experienced team

  • Skill-set in accounting and tools

  • Client information confidentiality

  • Clearly defined logistics and rules of engagement

  • Quality assurance: monitoring and improvement

  • Up-front agreement of terms and conditions to include turn around time, accuracy, and efficiency

  • Cross training between various sites

  • Reliable IT support


Outsourcing business models

Outsourcing Business models

  • Hire fully supervised manpower on hourly/monthly/yearly rates

  • Hire dedicated manpower on monthly rates

  • Fixed per-project costs: $$ agreed up-front

  • Open to other business-models…


Partnership business model scenarios

Partnership business model scenarios

  • Accounting Team works as marketing arm of S3G

    • Find clients and negotiate projects

    • Sign contract with client

    • Hand over to S3G to manage the contract

    • Commission paid per payment received or a fixed upfront commission

  • Accounting Team works as the Client interface

    • Find clients and negotiate projects

    • Sign contract with client

    • Accounting Team maintains the client interface. S3G manages the Operations

    • Accounting Team pays S3G for contract work

  • Accounting Team works as Project Managers

    • Find clients and negotiate projects

    • Sign contract with client

    • S3G assigns resources in India

    • Accounting Team manages the Operations

    • Commission paid to S3G


Let s partner

Let’s Partner…….

  • Agree Partnership business model

  • Define responsibilities

  • Agree rules of engagement

  • Initiate a Pilot run with known client

  • Pilot process review, standardize the process

  • Launch the process for more clients…


Contact info

Contact info

Dr. Shobha Gupta

President

Office: (954) 533-1297

E-mail : [email protected]

Ashish Gupta

Sales Manager

Office: (954) 328-7649

E-mail: [email protected]

http://www.s3gaccounting.com


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