De Minimis Rule for Claiming GST Credit for Exempt SuppliesJuly 30, 2019
CHARGING OF GST ON SALES IN SINGAPOREAugust 6, 2019
Every business wants to keep its bookkeeping in a well-formatted way. There are various aspects of the business that needs to be mentioned properly in the bookkeeping.
Why Bookkeeping is essential for any of the business?
- Bookkeeping keeps the records of all the business activities in an accurate format.
- The main purpose of maintaining proper bookkeeping is to have proper tax-related accountability.
- The company can get proper knowledge regarding their money outflow and from the sources where the money is coming
- They help the businesses to take concrete measure to reduce the cost incurred for them
- They enable the business owners or management to take important decision for the growth of the business
Bookkeeping is not an easy job as it seems, so it is not easier for the business owners to take that extra time and effort to maintain all the bookkeeping activities. Business owner and management have other important work too that needs to be done in a very proficient way. So, some businesses hire an employee in-house to maintain all the bookkeeping activities or they simply hire a remote accountant who can handle their activities. Amongst them, giving a bookkeeping activity to the third party or hiring a remote accountant will be much beneficial for the business.
Here are some of the benefits of hiring a remote accountant for the business:
- A remote accountant is mostly experienced and they have expertise and knowledge of doing each of the activities correctly.
- There is no extra burden on management for hiring and managing an extra resource for bookkeeping activities.
- They have a very nice financial intelligence that can make your things in a well-formatted way.
- It can reduce many of the manual processes which could have been difficult to manage.
- They can give a standardize reports on the bookkeeping activities that can help the business owners and managers to get proper insight regarding the business for taking the important business decision.
- One of the main important things of hiring a remote accountant is a reduction of the extra cost.
Looking at all the advantages of hiring a remote accountant for maintaining all the bookkeeping activities, the companies will ensure that their time, cost, and efforts are invested in the right directions. Meru Accounting is one such firm which has been providing one of the better accounting services across the different businesses in a very efficient way. They have a very simple and efficient work methodology that helps their client achieve maximum output.
Work methodologies of Meru Accounting:
- While working for the client they work on the virtual technology of VPN, RDP, or TeamViewer and complete the work on a computer.
- Use of cloud software which ensures maintaining proper accounting information in a secure platform.
- Processing the documents in accounting software like Quickbooks, Xero, MYOB, Wave apps, etc.
- Having a proper reporting system on the bookkeeping activities.
Meru Accounting is dedicated to giving proper remote accounting service at an affordable cost. They are very proficient in giving proper service to their clients.