Regular Internal Audit to Improve Profitability
- December 11, 2017
- Posted by: SosAdmin)
- Category: Accounting Services, Business plans, Economics, Finance & accounting, Funding trends
No CommentsIn the previous article we had demonstrated how having effective controls in for of Standard Operating Procedures (SOPs) help in controlling frauds and reducing losses. Once the effective controls are implemented in the business same has to be monitored through Internal Audits. Internal Audits are independent, objective consulting activities designed to evaluate and improve the
Effective Control in Purchase Stage to Prevent Frauds
- December 11, 2017
- Posted by: SosAdmin)
- Category: Accounting Services, Business plans, Economics, Finance & accounting, Funding trends
A company with many different processes may suffer from lack of control of the management. If there are no control mechanisms in place, then there are chances of frauds which may result in high losses for the company. A manufacturing company has typically a higher susceptibility to fraud as compared to other businesses. This is
Service Exports from India Scheme-Know How Can Avail Benefit Under It
- November 14, 2016
- Posted by: SosAdmin)
- Category: Finance & accounting
In order to encourage export of services, Indian government notified Service Exports from India Scheme commonly referred to as SEIS scheme. This is as per Foreign Trade Policy 2015-2020 Some of the features of this scheme are: 1. Service providers located in India, providing services notified are eligible for this scheme Some of the services
Nine Factors To Consider Before You Decide to Outsource Finance and Accounting Function
- October 17, 2016
- Posted by: SosAdmin)
- Category: Finance & accounting
Well after lot of deliberation and thought you have finally decided to outsource your finance and accounting function. We are quite sure that cost is not the only factor in making up your mind to outsource. If it is, please go through below factors as well before you decide to outsource your books before it
Does Your Business Really Need Cloud Based Accounting Systems?
- October 16, 2016
- Posted by: SosAdmin)
- Category: Finance & accounting
The word cloud is in real demand. Everybody is talking about it and infact; you are using cloud based technologies in most parts of your business. As I am writing this, billions of dollars are being spent on adoption of cloud based technology in areas of Information Security, Business processes, HR and many more. But
How to Choose a Accounting Outsourcing Service Provider?
- October 15, 2016
- Posted by: SosAdmin)
- Category: Finance & accounting
Consider this: A CEO of a multinational company after reviewing his quarterly results, comes to following conclusion: Growth is stagnant Fixed cost is on the rise, contributed by rising expenses on Finance and Accounting Department. He mulls over this, and decide to outsource his accounts to third-party on the grounds that he will be saving