Businesses need regular and accurate accounting but handling the accounting activities needs an expert resource. Hiring an experienced resource for account management is expensive. This is not worthy as resources are not in constant use. That’s where outsourcing accounting service providers come in which reduces the dependency on people and free up valuable time to focus on core functions for the growth of a business.

Technology has also evolved more and eases the account handling task. Sharing the data and documents becomes easy in a safe and secure mode. Online accounting outsourcing service keeps organization secrecy and confidentiality intact. This eliminates the risk of financial data leakage. Continue reading...

It does not matter how much your employees love working with you, sooner or later they will need a vacation to clear up their head and spend some quality time with family and friends. It is good for both employees and the company that everyone in the office takes leave once in a while. However, in any case, vacation or a sick day leave, the work in the office is going to get complicated in the absence of the employee.

There are certain responsibilities that only specific employees can cater to and fill up the void; you either have to distribute the responsibilities among other employees or hire someone on a temporary basis. If the absence is called in the last minutes, things can get off-track completely. In lack of a proper system to track and manage paid employee leaves, you may even end up providing paid time off even when the employee has already used the benefits. Continue reading...

Accounting is a key process that helps in keeping a track of the finances of the organization. These financial accounting processes offer valuable information that can be utilized to make essential business decisions.

Therefore, accounting activities hold great importance in the functioning of every business.

Although many organizations prefer hiring an in-house expert for accounting, several opt outsourcing accounting. Delegating multiple accounting activities outside business has multiple benefits over in-house accounting, especially for small businesses. Let’s explore how outsourcing accounting services for small businesses can benefit you. Read more...

Managing payroll is one of the most complex and important procedures that an organization has to follow. Even a small error could cost expensive damages hence you must be aware of problems occurring in payroll management.

If you are managing payroll in-house and thinking that by increasing people you would be able to handle the process well. That’s not possible. The best option would be to look for payroll management services in India.

Let’s first see the problems faced by HR in payroll management and how to tackle these problems. read more...

Let’s be honest, the pharmaceutical industry is under immense pressure to perform better. This single industry is always on its toes to invent new solutions, offer extraordinary service, and achieve all this within time.

In between all this, do you think there’s time left for payroll and HR?

Undoubtedly, payroll processes are somewhere lost in other important activities. As a result, often employees are misguided, retention rates reduce, and employee satisfaction trajectory reveals a horrible picture. Continue reading...

After independence, India has passed the minimum wages act in 1948 for fixing minimum wages but till today a major section of the workforce is still outside the purview of the minimum wage act.

As per the survey, the national mandatory minimum wage is the requirement to improve the relevance of minimum wages in India. Read more...

Manual leave management is a daunting task for HR.

Because it consumes a significant amount of time in leave management, and a small mistake can cause disasters like resource crunch, payroll processing errors, and legal complications. Which may further lead to many problems?

How HR can handle these prominent leave management problems?

A web-based leave management system is a perfect solution for HR to handle leave requests. Continue reading...

It is not easy being a tutor. These professors, tutors, and other support staff bravely take up the task of educating the future workforce of the country. The least they can expect from the education administrator is to dispatch and process payroll and benefits on time.

But, is this payroll task that easy?

Rarely! Continue reading...

Managing every operational function in-house is not essential. As long as you are able to balance the quantity with quality, managing everything in-house has no issue but when you start losing the efficiency and productivity then the best option is to outsource some of the services. Outsourcing accounting to accounting outsourcing service providers is no special but the real challenge is deciding about the accounting outsourcing firm. Read more...

In recent times, major paradigm shifts have led to significant advances in the world of HR Payroll Outsourcing. With technology backed solutions taking center stage, organizations are no longer blocking their resources in hiring, training, and maintaining accountants or payroll officers. Rather, they are choosing HR Payroll Outsourcing and administrative tasks to third-party payroll professionals and administrative businesses outsourcing companies.