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Accounting back office partnership proposal

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

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  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-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 support TBD CPA services: from $50/hr

  3. 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

  4. 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

  5. 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

  6. Bookkeeping process flow

  7. 1040 process flow

  8. 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

  9. 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

  10. 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…

  11. 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

  12. 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…

  13. Contact info Dr. Shobha Gupta President Office: (954) 533-1297 E-mail : shobhagupta@s3g.us Ashish Gupta Sales Manager Office: (954) 328-7649 E-mail: ashishgupta@s3g.us http://www.s3gaccounting.com

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