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Why now is the right time to outsource for UK accounting firms

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Why now is the right time to outsource for UK accounting firms

  1. 1. Why “now” is the right time for UK accounting firms to try outsourcing? Tuesday, 2 April 2013
  2. 2. What are the problems faced by accounting firms in UK? Less time to focus on marketing (and win new clients) More time being spent on non-billable work High salaries of good bookkeeping/accounting staff Increasing admin and office rental costs Tough to maintain or increase profitability of practice Tuesday, 2 April 2013
  3. 3. WHAT IS YOUR SOLUTION? Outsource your accounting jobs to an outsourcing provider Tuesday, 2 April 2013
  4. 4. HOW DOES OUTSOURCING WORK? Tuesday, 2 April 2013
  5. 5. How outsourcing works? You collect your client documents Scan and send them to our accountants in India The jobs get completed and sent to you In case of missing info our accountants contact you You collect missing files and send it for job completion You review the completed jobs Send the completed jobs to your client Tuesday, 2 April 2013
  6. 6. Who are we? UK limited company with own offices in India Started in 2004 200+ staff Registered for data protection in the UK We work with several accounting firms across the UK UK based support (ensuring your 100% peace of mind) Tuesday, 2 April 2013
  7. 7. How does India team work? Remotely connect to your computers and do the work Or do all the work from our computers in India Or use online (cloud based) accounting software Tuesday, 2 April 2013
  8. 8. What benefits you get by accounting outsourcing? You get a 50% saving of your employee costs You need not worry about employing new staff You get all your time to focus on your practice growth Tuesday, 2 April 2013
  9. 9. What accounting services do we offer? General accounting Final accounts and management reports Budget and forecasting Tax preparation Accounts payable and receivable Invoice processing Tuesday, 2 April 2013
  10. 10. OUR SERVICES IN DETAIL... Tuesday, 2 April 2013
  11. 11. General accounting Daily updates Bookkeeping VAT returns Bank reconciliation General ledger Trial balance Tuesday, 2 April 2013
  12. 12. Final accounts and management reports Year end accounts preparation Cash flow statements Balance sheet Profit and loss statements Other custom reports Tuesday, 2 April 2013
  13. 13. Budget and forecasting Analyse budgets Prepare forecasts Make recommendations Tuesday, 2 April 2013
  14. 14. Tax preparation Personal tax preparation Corporation tax preparation Tuesday, 2 April 2013
  15. 15. Accounts payable and receivable Send customer invoices Enter cash flow information Approval routing Manage discrepancies Tuesday, 2 April 2013
  16. 16. What is our software expertise? Sage Iris Quickbooks VT accounts Digita Xero Mamut MYOB Hansa Oracle SAP Free agent Fusion accounts CFP winman etc., Tuesday, 2 April 2013
  17. 17. How much does it cost? India team Bookkeeper: From £5.95 per hour Accountant: From £7.50 per hour Fixed price You also get a fixed price option For each job, we will give you an estimate (or you can suggest and agree on the price based upon number of hours) Tuesday, 2 April 2013
  18. 18. What about data protection? We are a UK limited company We are registered for data protection (z3331950) 128 bit security encryption for files transfer CCTV monitors in the office work floor Non-disclosure agreements with all the staff members High security data servers at centers in USA Absolute data confidentiality and 100% peace of mind guaranteed for you Tuesday, 2 April 2013
  19. 19. Whom do we work with? We work with several accounting firms All across the UK From start-ups to established firms Tuesday, 2 April 2013
  20. 20. Why should you try us? We are helping several practices like yours We have helped them cut employee costs by 50% You get a partner whom you can trust You can grow your practice with no added investment Tuesday, 2 April 2013
  21. 21. What next? Contact us to get a quote Phone: 020 7993 2949 Email: sales@globalintegra.com Tuesday, 2 April 2013

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