Case Study on Quickbooks Accounting Services
Business Requirement
One of our US client was in need of a consultant who can manage their accounting & other related tasks in India since most of the back-end operations of the client were performing in India.
Also, Indian clients wanted to switch onto cloud based software keeping in mind the increased use of technology which can help to manage their business smoothly and efficiently.
Business Challenge
Since accounting is a time-consuming and tedious process. It includes a whole set of tasks such as tracking expenses, paying taxes, invoicing, managing cash flows, preparing bank reconciliation statements, recording and analysing data, etc.
Solution
We, DSRV and Co LLP offer our client to manage the accounting on cloud with the help of cloud based accounting software like Quickbooks.
It is an accounting software package that aims at providing hassle-free accounting services. This software is suitable for both small and medium-sized businesses. With QuickBooks, you can work on-premises or make use of its cloud-based accounting applications, depending on your requirement. QuickBooks is one of the most popular and trusted accounting software across the globe because of its easy-to-use interface, enhanced accounting features and free unlimited support.
Benefits
The add on features that client gets by using cloud based software with the help of DSRV are as under :-
One Click Reports Anywhere, Anytime, Anyone
Management can extract any report from anywhere on just a single click at anytime. Also physical interface of Computers, Laptops not required for such reports as these can be accessible from Smart Phones also and send invoices through whatsapp.
Automatic Invoice Generation Alerts to Customers
As soon as Invoice is generated from the system, customer will get an alert regarding the same which will helps build better customer relationship
Instant Payment Reminders to Customers as and when Required
In case of long outstanding from debtors, system will create an instant payment reminder which will helps reduction in revenue loss.
Monthly Compliance Reports
Better accounting will inturn be fruitful in terms of various compliance reports which will be extract from the system itself and will reduce preparation of maximum offline reports on the basis of manual punching of data which inturn will save time and helps in maintaining transparency between management and book keeper.
Budgeting
Budgeting is very effective tool for any organisation in respect of cost-effectiveness. Our team will provide budgeting function which will help keep finances on track.
At DSRV and Co LLP
At DSRV and Co LLP, we have a team of experienced professionals working relentlessly in the direction of simplifying accounting on quickbooks so that you can focus on developing your business more.
With our expertise on automated bookkeeping services, keeping your books of accounts balanced has become easier. We offer real-time recording and organizing of data. Error-free preparation of financial statements such as – Cash Flow statements, Profit and loss accounts, Balance Sheets, Bank Reconciliation Statements, etc. We also prepare Trial Balances, maintain ledgers and update accounts.