Tired of managing your back-end accounting function: Adopt Mynd's Bookkeeping & Accounting Services

Accounting Outsourcing Services by Mynd

Outsourcing of complete book keeping & accounting operations is an ideal selection for most small to mid-sized businesses as well as newly formed companies. Such businesses do not have the time and resources as well as the critical mass available to keep them updated with dynamic and complex Taxation & Corporate Laws. Hence to alleviate the above issues, Mynd offers complete Accounting services that encompass an array of transactional and controllership functions for F&A services across multiple industry verticals in a completely scalable model.

Our Bookkeeping & GL Accounting services are capable of facilitating companies of any scale to accomplish their core business goals with minimum cost involvement while getting the benefits of specialists in a shared services model. The Scope of services offered by Mynd as part of its GL Accounting & Bookkeeping offering is as below:

• Book keeping & Accounting as per applicable GAAP/IFRS
• Inventory and COGS Accounting
• Vendor Payment
• Employee Expense Reimbursement
• Invoicing & Collection from customer
• Fixed asset accounting
• Reconciliations

• Month End/Period Closing
• Management Reporting
• Cash flow Statement & forecasts
• Audit Support
• Consolidations of financials statement.
• Controllership activities
• Virtual CFO Services

Mynd Solutions delivers accounting services through a mix of Onsite and Offsite Models. The onsite teams are stationed at the client’s office to perform the frontend accounting tasks; while the backend support & reporting functions are delivered by our Central facility in India. The other model is wherein we are servicing the entire accounting function of clients through an Offsite model and all processing is completed at Mynd’s premises.

Mynd proposes many advantages to clients seeking to outsource their Accounting Functions, as per below details-

• Availability of large pool of trained and speciallized manpower
• Knowledge pool through specialized cells. Eg: Direct Tax/Indirect Tax/Company Law
• Scalibility of operations

• Adoption of industry best practices and automation of processes leading to standardization
• Clients get the advantage of Virtual CFO/ Controller at highly affordable costs
• Handover of accounting processes to Mynd, enables the client to maintain their focus on the core business functions

http://www.myndsolution.com/finance-accounts-outsourcing.html

Mynd's Customized service delivery for Small to Mid-Sized Business Owners...

As an SME business owner, we understand that you have a strong penchant for growth and a rock solid perseverance to stay ahead in the game. As your company grows, do you find yourself spending too much time inyour non-core business and not enough time on your core business? That is why you need business partners who can anticipate your requirements, rather than just try keeping pace with your thinking.

Our Small to Mid-size Business Solutions can assist you with tasks such as bookkeeping, small business accounting, Controller etc., as well as accounting systems automation and integration. We help you free up your time to focus on running your company by offering a full range of business solutions. We have created a solution for small to mid-sized businesses that can be tailored to your specifications. Our customized small to mid-sized business solutions can also include functions such as data entry and offering specialized manpower.

Our custom solutions help SMEs to overcome their unique set of challenges as compared to the larger players including:

• How do we get relevant, practical, and implementable advice?
• How can I make the most of the limited resources we have?
  
  
  
  
• Can someone help me to plan big but implement small?

We at Mynd would like to change that scenario by making easily implementable advice available to SMEs in a cost effective manner on an ongoing basis. We bring with us experience gained during our careers with large consulting firms and will leverage the same to benefit your business. This will include support in various business domains with the aim to enable you to be more competitive in the market place. We have a tailor made version for SMEs which can scale once you grow into larger organizations.

Specialized services on offer by Mynd to SMB owners:

HR Outsourcing

Specialized Manpower

Accounting services on varied platforms

Taxation

The Advantages of Outsourcing Bookkeeping for Small Business Owners

The Advantages of Outsourcing Bookkeeping for Small Business Owners

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The advent of the Internet era has changed the way in which businesses are conducted. The Internet has enabled our Businesses to run smoothly and become more profitable by enhancing relationship management and real-time connectivity.

Bookkeeping is a critical business piece for all small to mid-sized businesses & companies. Outsourcing this activity can be a big reliever and facilitate seamless operations for businesses:

Primary advantages of outsourcing Bookkeeping Operations to Mynd:

·         Expertise at a Lower Cost: Outsourcing offers companies a good way to have full-time expert devoted to managing your books without requiring paying them a full-time salary. This helps companies not just to save money but also enhance their efficiency levels by leaps and bounds.

·         Money Savings: Outsourcing bookkeeping operations can help with enormous money savings as compared to sustaining a full time In-House Accounting team. Opportunity and Lost Productivity Costs are negligible while outsourcing your business functions as compared to hiring a third party vendor.

·         Time Savings.  Outsourcing bookkeeping processes helps free the management’s valuable time which could be utilized in organizational development & strategic activities.  Administering your Backend office functions is a potential time waster and adversely affects company growth and progress.

·         Higher Resource Allocation & Focussed Staff. When a backend task like Bookkeeping is restricted to In-house, usually one resource is allocated and hence the process can be prone to errors. However, usually an outsourcing company allocates a team of resources to one particular task and thereby the chances of errors substantially decrease. This also drives more focussed staff and dedicated resources.

·         Ease and Scalability. Growth in business or cut backs all are accountable when it comes to outsourcing. Outsourcing offers the option of flexibility and scalability which can help companies adapt as per changing time & business requirements.

·         Access to Top of the line Technology and Systems.  Bookkeeping outsourcing enables companies to access the latest state-of-the-art technology and tools through their vendors, without having to bother paying for dynamic technology up gradations. It is challenging for small business owners to afford these rapid changes in technology and also be informed about any upcoming revisions in regulations and laws.